| BLACKCOURT DEVELOPMENTS LIMITED |
| Registered number: |
03826129 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,650,000 |
|
|
3,650,000 |
| Investments |
4 |
|
|
25 |
|
|
25 |
|
|
|
|
3,650,025 |
|
|
3,650,025 |
|
| Current assets |
| Debtors |
5 |
|
21,478 |
|
|
22,079 |
| Cash at bank and in hand |
|
|
11,197 |
|
|
6,828 |
|
|
|
32,675 |
|
|
28,907 |
|
| Creditors: amounts falling due within one year |
6 |
|
(74,042) |
|
|
(74,521) |
|
| Net current liabilities |
|
|
|
(41,367) |
|
|
(45,614) |
|
| Total assets less current liabilities |
|
|
|
3,608,658 |
|
|
3,604,411 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(2,310,446) |
|
|
(2,320,100) |
|
| Provisions for liabilities |
|
|
|
(157,173) |
|
|
(157,173) |
|
|
| Net assets |
|
|
|
1,141,039 |
|
|
1,127,138 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
102 |
|
|
102 |
| Fair valuation reserve |
9 |
|
|
835,655 |
|
|
835,655 |
| Profit and loss account |
|
|
|
305,282 |
|
|
291,381 |
|
| Shareholders' funds |
|
|
|
1,141,039 |
|
|
1,127,138 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| V Adamou |
| Director |
| Approved by the board on 1 October 2025 |
|
| BLACKCOURT DEVELOPMENTS LIMITED |
| Notes to the Accounts |
| for the year ended 31 January 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rents receivable. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Investments properties |
|
Investment properties are properties held for rental and/or capital appreciation. Investment properties are initially measure at cost, including transaction and development costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value.Gains and losses arising from changes in the fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 February 2024 |
3,650,000 |
|
At 31 January 2025 |
3,650,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 January 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
3,650,000 |
|
At 31 January 2024 |
3,650,000 |
|
|
The investment properties were revalued at the year end by the directors on the open market. |
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 February 2024 |
25 |
|
|
At 31 January 2025 |
25 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by an undertaking in which the company has a participating interest |
|
15,131 |
|
15,131 |
|
Other debtors |
6,347 |
|
6,948 |
|
|
|
|
|
|
21,478 |
|
22,079 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
7,000 |
|
7,000 |
|
Trade creditors |
2,300 |
|
3,496 |
|
Taxation and social security costs |
15,168 |
|
13,360 |
|
Other creditors |
49,574 |
|
50,665 |
|
|
|
|
|
|
74,042 |
|
74,521 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
2,310,446 |
|
2,320,100 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
2,308,170 |
|
2,310,766 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
2,308,170 |
|
2,310,766 |
|
|
|
|
|
|
|
|
|
|
the bank loans are secured on company's properties and personal guarantees of the directors. |
|
|
| 9 |
Fair valuation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 February 2024 |
835,655 |
|
835,655 |
|
|
At 31 January 2025 |
835,655 |
|
835,655 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Other information |
|
|
BLACKCOURT DEVELOPMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
6A Dickensons Place |
|
London |
|
SE25 5HL |