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Company Registration No. NI709967 (Northern Ireland)
Blacksessiagh Properties Ltd Companies House accounts for the period from 12 February 2024 to 28 February 2025
Blacksessiagh Properties Ltd Companies House accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Blacksessiagh Properties Ltd Company Information for the period from 12 February 2024 to 28 February 2025
Directors
Dean Barr Lisa Barr
Company Number
NI709967 (Northern Ireland)
Registered Office
28 The Spires Portadown Craigavon County Armagh BT62 1FB Northern Ireland
Accountants
Allan Montgomery & Co 100 Main Street Fivemiletown Co Tyrone BT75 0PW
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Blacksessiagh Properties Ltd Statement of financial position as at 28 February 2025
2025
Notes
£
Fixed assets
Tangible assets
4
103,475
Current assets
Cash at bank and in hand
1,336
Creditors: amounts falling due within one year
5
(30,964)
Net current liabilities
(29,628)
Total assets less current liabilities
73,847
Creditors: amounts falling due after more than one year
6
(75,598)
Net liabilities
(1,751)
Capital and reserves
Called up share capital
2
Profit and loss account
(1,753)
Shareholders' funds
(1,751)
For the period ending 28 February 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 5 November 2025 and were signed on its behalf by
Lisa Barr Director Company Registration No. NI709967
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Blacksessiagh Properties Ltd Notes to the Accounts for the period from 12 February 2024 to 28 February 2025
1
Statutory information
Blacksessiagh Properties Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI709967. The registered office is 28 The Spires, Portadown, Craigavon, County Armagh, BT62 1FB, Northern Ireland.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
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.
Deferred taxation
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Blacksessiagh Properties Ltd Notes to the Accounts for the period from 12 February 2024 to 28 February 2025
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 12 February 2024
-
Additions
103,475
At 28 February 2025
103,475
Depreciation
At 28 February 2025
-
Net book value
At 28 February 2025
103,475
5
Creditors: amounts falling due within one year
2025
£
Loans from directors
30,714
Accruals
250
30,964
6
Creditors: amounts falling due after more than one year
2025
£
Bank loans
75,598
7
Average number of employees
During the period the average number of employees was 0.
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