Company Registration No. 13645562 (England and Wales)
Black Tap Properties Limited
Unaudited accounts
for the year ended 30 September 2025
Black Tap Properties Limited
Unaudited accounts
Contents
Black Tap Properties Limited
Statement of financial position
as at 30 September 2025
Tangible assets
11,623
349
Investment property
410,000
275,000
Cash at bank and in hand
8,073
16,912
Creditors: amounts falling due within one year
(2,266)
(12,266)
Net current assets
5,807
11,646
Total assets less current liabilities
427,430
286,995
Creditors: amounts falling due after more than one year
(455,496)
(291,996)
Provisions for liabilities
Net liabilities
(29,635)
(5,001)
Called up share capital
2
2
Profit and loss account
(29,637)
(5,003)
Shareholders' funds
(29,635)
(5,001)
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by
Matthew Jung
Director
Company Registration No. 13645562
Black Tap Properties Limited
Notes to the Accounts
for the year ended 30 September 2025
Black Tap Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13645562. The registered office is 128 City Road, London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents amounts receivable in respect of rent.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Straight Line
Black Tap Properties Limited
Notes to the Accounts
for the year ended 30 September 2025
4
Tangible fixed assets
Plant & machinery
At 30 September 2025
12,897
At 30 September 2025
1,274
At 30 September 2025
11,623
Fair value at 1 October 2024
275,000
Net gain from fair value adjustments
3,257
At 30 September 2025
410,000
The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors. The valuations were made on an open market basis by reference to market evidence of transaction prices for similar properties.
Amounts falling due within one year
Accrued income and prepayments
-
7,000
7
Creditors: amounts falling due within one year
2025
2024
Other creditors
2,266
12,266
8
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
205,000
195,000
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).