REGISTERED NUMBER: SC767186 (Scotland)

Unaudited Financial Statements

For The Year Ended 30 April 2025

for

Black & Armenta Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Ms C L Black

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC767186 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Tangible assets

4

4,337

2,065

Investment property

5

1,433,000

188,022

1,437,337

190,087

CURRENT ASSETS

Debtors

6

11,122

27,470

Cash at bank

52,723

14,113

63,845

41,583

CREDITORS

Amounts falling due within one year

7

824,874

248,498

NET CURRENT LIABILITIES

(761,029

)

(206,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

676,308

(16,828

)

CREDITORS

Amounts falling due after more than one year

8

(631,240

)

-

PROVISIONS FOR LIABILITIES

(11,933

)

-

NET ASSETS/(LIABILITIES)

33,135

(16,828

)

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

194,770

12,152

Retained earnings

(161,735

)

(29,080

)

SHAREHOLDERS' FUNDS

33,135

(16,828

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 16 January 2026 and were signed by:

Ms C L Black - Director

1.	STATUTORY INFORMATION

Black & Armenta Limited is a private company, limited by shares , registered in Scotland. 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

The business will continue to be supported by its directors and therefore the accounts have been prepared on a going concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances

Cash and bank balances are measured at the transaction price.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2024

558

1,989

2,547

Additions

-

3,426

3,426

At 30 April 2025

558

5,415

5,973

DEPRECIATION

At 1 May 2024

84

398

482

Charge for year

71

1,083

1,154

At 30 April 2025

155

1,481

1,636

NET BOOK VALUE

At 30 April 2025

403

3,934

4,337

At 30 April 2024

474

1,591

2,065

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

188,022

Additions

1,050,428

Revaluations

194,550

At 30 April 2025

1,433,000

NET BOOK VALUE

At 30 April 2025

1,433,000

At 30 April 2024

188,022

Fair value at 30 April 2025 is represented by:

£

Valuation in 2024

188,022

Valuation in 2025

1,244,978

1,433,000

If investment property had not been revalued it would have been included at the following historical cost:

30.4.25

30.4.24

£

£

Cost

1,226,298

175,870

Investment property was valued on an open market basis on 30 April 2025 by VAS Panel .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other debtors

11,122

27,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

219,029

28,500

Other creditors

605,845

219,998

824,874

248,498

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

631,240

-

30.4.25

30.4.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

631,240

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

850,269

28,500

Together Commercial Finance Limited holds legal charges over the following properties: 200 Townhill Road, Hamilton, ML3 9RN; 192 Townhill Road, Hamilton, ML3 9RN; 193 Main Street, Wishaw, ML2 7NE; 14 Spey Walk, Motherwell, ML1 4ST; 8 Bruce Street, Bellshill, ML4 1QH; 6 Oakbank Avenue, Wishaw, ML2 0AL; G/2 63 Denmilne Street, Glasgow, G34 0AQ; G/1 113 Denmilne Street, Glasgow, G34 0AE; 1/2 54 Denmilne Street, Glasgow, G34 0AH; 9 Lentran Street, Glasgow, G34 0AJ; 1/1 63 New Street, Dalry, KA24 5AQ; 17A Claremont Street, Aberdeen, AB10 6QQ; 23 Lime Road, New Cumnock, KA18 4JW; Flat 8, 64 Dean Street, Kilmarnock, KA3 1EL; and 117 Wyllie Crescent, Cumnock, KA18 1LT.

Shawbrook Bank Limited holds legal charges over 2F Glenacre Road, Glasgow, G67 2NY; 0/1 18 Glen Avenue, Glasgow, G78 3PF; and 14 Lumley Court, Grangemouth, FK3 8BQ. LendInvest BTL Limited holds legal charges over 22 Paris Avenue, Denny, FK6 5AD; 91 Stormyland Way, Barrhead, Glasgow, G78 2RR; 10 Craig Road, Neilston, Glasgow, G78 3HU; and 1/1 35 Denmilne Street, Glasgow, G34 0AL.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Black & Armenta Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Black & Armenta Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Black & Armenta Limited and state those matters that we have agreed to state to the director of Black & Armenta Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Black & Armenta Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Black & Armenta Limited. You consider that Black & Armenta Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Black & Armenta Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

16 January 2026