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Registration number: 09256415

Blackfriars St Limited
Unaudited Filleted Financial Statements
for the Period from 1 October 2023 to 29 September 2024

Blackfriars St Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Blackfriars St Limited

Company Information

Director | Mr S J Beech

Registered office | C/O Williamson & Croft York House 20 York Street Manchester M2 3BB

Accountants | Williamson & Croft Audit Ltd Chartered Accountants York House 20 York Street Manchester M2 3BB

Blackfriars St Limited

(Registration number: 09256415)
Balance Sheet as at 29 September 2024

| Note | 2024 £ | (as restated) 2023 £
Current assets |  |  |
Stocks | 4 | 10,302,962 | 10,302,962
Debtors | 5 | 9,998 | 11,857
Cash at bank and in hand |  | - | 294
|  | 10,312,960 | 10,315,113
Creditors: Amounts falling due within one year | 6 | (13,041,195) | (12,805,623)
Net liabilities |  | (2,728,235) | (2,490,510)
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | (2,728,335) | (2,490,610)
Shareholders' deficit |  | (2,728,235) | (2,490,510)

For the financial period ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 14 November 2025

......................................... Mr S J Beech Director

Blackfriars St Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 29 September 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Williamson & Croft
York House
20 York Street
Manchester
M2 3BB
United Kingdom

These financial statements were authorised for issue by the director on 14 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore they continue to adopt the going concern basis of accounting in the preparation of the financial statements.

Blackfriars St Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 29 September 2024 (continued)

2 | Accounting policies (continued)

Prior period errors

The comparatives for the year-ended 30 September 2023 have been amended to include transactions relating to loans undertaken in the period and settlement of existing loans as well as interest and charges thereon.
Additional administrative expenses relating to those loans of £273,308 have been recognised accordingly, together with interest of £586,484 in the comparative period with a total impact on the profit and loss of increasing the loss in the year by £859,792.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Blackfriars St Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 29 September 2024 (continued)

2 | Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Blackfriars St Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 29 September 2024 (continued)

2 | Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4 | Stocks

| 2024 £ | (as restated) 2023 £
Work in progress | 10,302,962 | 10,302,962

5 | Debtors

| Note | 2024 £ | (as restated) 2023 £
Amounts owed by group undertakings | 8 | - | 2,111
Other debtors |  | 9,998 | 9,746
|  | 9,998 | 11,857

Blackfriars St Limited

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 29 September 2024 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | (as restated) 2023 £
Loans and borrowings |  | 9 | -
Trade creditors |  | 191,265 | 116,716
Amounts owed to group undertakings | 8 | 4,866,495 | 4,861,855
Taxation and social security |  | 12,592 | 12,592
Accruals and deferred income |  | 298,687 | 224,830
Other creditors |  | 7,672,147 | 7,589,630
|  | 13,041,195 | 12,805,623

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | (as restated) 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

8 | Related party transactions

The Company has taken advantage of the exemption in FRS 102 (Section 1A) from disclosing transactions with related parties where every party to the transaction is a wholly owned member of the same Group.

9 | Parent and ultimate parent undertaking

There is no one ultimate controlling party.
The company's immediate parent is Manchester Property Development Holdings Limited, incorporated in England and Wales.