Black Lab Property Group Limited 15623215 false 2024-04-06 2025-04-30 2025-04-30 The principal activity of the company is management of real estate on a fee or contract basis. Digita Accounts Production Advanced 6.30.9574.0 true false 15623215 2024-04-06 2025-04-30 15623215 2025-04-30 15623215 core:RetainedEarningsAccumulatedLosses 2025-04-30 15623215 core:ShareCapital 2025-04-30 15623215 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 15623215 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 15623215 bus:SmallEntities 2024-04-06 2025-04-30 15623215 bus:AuditExemptWithAccountantsReport 2024-04-06 2025-04-30 15623215 bus:FullAccounts 2024-04-06 2025-04-30 15623215 bus:SmallCompaniesRegimeForAccounts 2024-04-06 2025-04-30 15623215 bus:RegisteredOffice 2024-04-06 2025-04-30 15623215 bus:Director1 2024-04-06 2025-04-30 15623215 bus:Director2 2024-04-06 2025-04-30 15623215 bus:PrivateLimitedCompanyLtd 2024-04-06 2025-04-30 15623215 core:FurnitureFittingsToolsEquipment 2024-04-06 2025-04-30 15623215 countries:AllCountries 2024-04-06 2025-04-30 iso4217:GBP xbrli:pure

Registration number: 15623215

Black Lab Property Group Limited
Annual Report and Unaudited Filleted Abridged Financial Statements
for the Period from 6 April 2024 to 30 April 2025

Black Lab Property Group Limited

Contents

Abridged Balance Sheet | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 4

Black Lab Property Group Limited

(Registration number: 15623215)
Abridged Balance Sheet as at 30 April 2025

| Note | 2025 £
Fixed assets |  |
Investment property |  | 634,106
Current assets |  |
Debtors |  | 650
Cash at bank and in hand |  | 1,592
|  | 2,242
Creditors: Amounts falling due within one year |  | (542,003)
Net current liabilities |  | (539,761)
Total assets less current liabilities |  | 94,345
Creditors: Amounts falling due after more than one year |  | (99,083)
Provisions for liabilities |  | 1,234
Net liabilities |  | (3,504)
Capital and reserves |  |
Called up share capital |  | 200
Profit and loss account |  | (3,704)
Total equity |  | (3,504)

For the financial period ending 30 April 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 of its accounts for the period in question in accordance with section 476; and
| The directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Black Lab Property Group Limited

(Registration number: 15623215)
Abridged Balance Sheet as at 30 April 2025

Approved and authorised by the Board on 6 January 2026 and signed on its behalf by:

Mr J A Willshire

Director

Mrs L Willshire

Director

Black Lab Property Group Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 6 April 2024 to 30 April 2025

1 | General information

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

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 6 January 2026.

2 | Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged 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.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 30 April 2025, an amount is owed to the director, who has agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

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 the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Black Lab Property Group Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 6 April 2024 to 30 April 2025

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Asset class | Depreciation method and rate
Fixtures and fittings | 25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.