Black Dog Capital Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10254020

Black Dog Capital Ltd

Filleted Unaudited Financial Statements

30 June 2025

Black Dog Capital Ltd

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	1,227,305	1,225,833
Investments	5	1,430,863	2,400,827
		------------	------------
		2,658,168	3,626,660

Current assets

Debtors	6	1,814,656	1,931,776
Cash at bank and in hand		6,403	61,045
		------------	------------
		1,821,059	1,992,821

Creditors: amounts falling due within one year	7	2,520,064	3,380,311
		------------	------------
Net current liabilities		699,005	1,387,490
		------------	------------
Total assets less current liabilities		1,959,163	2,239,170

Provisions	78,439	53,815
	------------	------------
Net assets	1,880,724	2,185,355
	------------	------------

Capital and reserves

Called up share capital	2	2
Profit and loss account - non-distributable	161,589	161,589
Profit and loss account - distributable	1,719,133	2,023,764
	------------	------------
Shareholders funds	1,880,724	2,185,355
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Black Dog Capital Ltd

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:

Mrs J B Campbell

Director

Company registration number: 10254020

Black Dog Capital Ltd

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents income earned on investments held. Dividends are recognised in the period in which they are received. Income on bonds represents interest and any discount on acquisition to redemption values, and is recognised at the effective interest rate over the period to redemption.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	25% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Tangible assets

	Plant and machinery	Investment property	Total
	£	£	£
Cost
At 1 July 2024	12,749	1,225,000	1,237,749
Additions	–	1,785	1,785
	--------	------------	------------
At 30 June 2025	12,749	1,226,785	1,239,534
	--------	------------	------------
Depreciation
At 1 July 2024	11,916	–	11,916
Charge for the year	313	–	313
	--------	------------	------------
At 30 June 2025	12,229	–	12,229
	--------	------------	------------
Carrying amount
At 30 June 2025	520	1,226,785	1,227,305
	--------	------------	------------
At 30 June 2024	833	1,225,000	1,225,833
	--------	------------	------------

Investment property is stated at the director's valuation at the balance sheet date on an open market value basis.

5. Investments

	Other investments other than loans
	£
Cost
At 1 July 2024	2,400,827
Additions	1,804,137
Disposals	( 2,535,551)
Revaluations	( 238,550)
	------------
At 30 June 2025	1,430,863
	------------
Impairment
At 1 July 2024 and 30 June 2025	–
	------------

Carrying amount
At 30 June 2025	1,430,863
	------------
At 30 June 2024	2,400,827
	------------

6. Debtors

	2025	2024
	£	£
Other debtors	1,814,656	1,931,776
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	–	92,834
Other creditors	2,520,064	3,287,477
	------------	------------
	2,520,064	3,380,311
	------------	------------

8. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	1,430,863	2,400,827
	------------	------------

9. Related party transactions

Included in Other creditors are amounts owing to the directors at the year end of £2,048,197 (2024: £2,679,330). The loan is on unsecured and interest free terms and is repayable on demand. Included in Other debtors are amounts owed from Russon Campbell (Oundle) Limited, a company under common control in which Mrs J B Campbell is also a director. Amounts due from Russon Campbell (Oundle) Limited at the year end are £106,896 (2024: £425,260). Included in Other debtors are loans to TWC Real Estate Limited, a company controlled by a close family member. Amounts due from TWC Real Estate Limted at the year end are £315,628 (2024: £315,628). The loans are secured on the assets of TWC Real Estate Limited.