Blackedge Property Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05267011 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 March 2025

for

Blackedge Property Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Griston

SECRETARY:

S J Griston

REGISTERED OFFICE:

8 Pond Cottages

College Road

London

SE21 7LE

REGISTERED NUMBER:

05267011 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Tangible assets

4

-

17,784

Investments

5

102,787

299,613

Investment property

6

650,000

752,787

967,397

CURRENT ASSETS

Debtors

7

4,950,648

3,340,699

Cash at bank

2,318

36,578

4,952,966

3,377,277

CREDITORS

Amounts falling due within one year

8

3,368,504

2,388,496

NET CURRENT ASSETS

1,584,462

988,781

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,337,249

1,956,178

CREDITORS

Amounts falling due after more than one year

9

(41,447

)

(60,728

)

PROVISIONS FOR LIABILITIES

(42,281

)

(42,281

)

NET ASSETS

2,253,521

1,853,169

CAPITAL AND RESERVES

Called up share capital

2

Fair value reserve

10

126,843

Retained earnings

10

2,126,676

1,726,324

2,253,521

1,853,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

S J Griston - Director

1.	STATUTORY INFORMATION

Blackedge Property Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

20% on cost

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Investment property

Investment property is initially measured at cost when purchased. Thereafter it is shown at most recent valuation carried out by independent, qualified, third parties. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement and retained earnings carried forward.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

and 31 March 2025

237

1,648

88,540

90,425

DEPRECIATION

At 1 April 2024

237

1,572

70,832

72,641

Charge for year

-

76

17,708

17,784

At 31 March 2025

237

1,648

88,540

90,425

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

76

17,708

17,784

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

88,540

DEPRECIATION

At 1 April 2024

70,832

Charge for year

17,708

At 31 March 2025

88,540

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

17,708

5.	FIXED ASSET INVESTMENTS

31.3.25

31.3.24

£

Shares in group undertakings

1,570

Participating interests

282

Other investments not loans

100,935

297,761

102,787

299,613

Additional information is as follows:

Shares in

Interest

group

in

Other

undertakings

associate

investments

Totals

£

COST

At 1 April 2024

1,570

282

297,718

299,570

Additions

-

86,397

Disposals

-

(283,223

)

(283,223

)

At 31 March 2025

1,570

282

100,892

102,744

NET BOOK VALUE

At 31 March 2025

1,570

282

100,892

102,744

At 31 March 2024

1,570

282

297,718

299,570

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

Nominee Investment

43

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

650,000

NET BOOK VALUE

At 31 March 2025

650,000

At 31 March 2024

650,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

650,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by associates

-

17,729

Other debtors

4,949,248

3,321,462

Prepayments and accrued income

1,400

1,508

4,950,648

3,340,699

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,648

Trade creditors

4,380

-

VAT

19,506

11,411

Other creditors

2,927,009

1,759,268

Directors' current accounts

403,812

604,171

Accrued expenses

3,149

2,998

3,368,504

2,388,496

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

4,889

14,289

Hire purchase contracts

36,558

46,439

41,447

60,728

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2024

1,726,324

126,843

1,853,167

Profit for the year

400,852

Dividends

(500

)

(500

)

At 31 March 2025

2,126,676

126,843

2,253,519