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Blackshaw Quarries Limited Registered number: 03103439 Information for filing with the Registrar For the year ended 31 May 2025
|  | 03103439 31 May 2025
BLACKSHAW QUARRIES LIMITED REGISTERED NUMBER: 03103439 STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 5 |  | 118,626 |  | 118,626
|  |  | 118,626 |  | 118,626
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 424 |  | 471 |
|  | 424 |  | 471 |
Creditors: amounts falling due within one year | 7 | (103,053) |  | (88,919) |
Net current liabilities |  |  | (102,629) |  | (88,448)
Total assets less current liabilities |  |  | 15,997 |  | 30,178
Net assets |  |  | 15,997 |  | 30,178
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 278 |  | 278
Profit and loss account | 9 |  | 15,719 |  | 29,900
|  |  | 15,997 |  | 30,178
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 February 2026.
J S Brooksbank
Director
The notes on pages 2 to 7 form part of these financial statements. - 1 -
|  | 03103439 31 May 2025
BLACKSHAW QUARRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
1. | General information
Blackshaw Quarries Limited ("the Company") is a private company, limited by shares and registered in England and Wales, registered number 03103439. The registered office is Clifton House, Birkby Lane, Bailiff Bridge, Brighouse, West Yorkshire, HD6 4JJ. The principal activity of the Company is that of letting and operating owned or leased real estate. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). These financial statements have been presented in pound sterling which is the functional currency of the Company, and rounded to the nearest £. The following principal accounting policies have been applied:
| 2.2 | Going concern
The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the Company to continue as a going concern. The Company has the financial support of group and connected undertakings which ensures that the Company is able to meet all its working capital requirement.
| 2.3 | Investment property
Investment property is carried at fair value determined annually by the director where the value has not been deemed to of changed significantly from its previously stated value. When the value is deemed to of changed significantly the fair value is determined by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.4 | 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.
| 2.5 | Creditors
Short-term 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. - 2 -
|  | 03103439 31 May 2025
BLACKSHAW QUARRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.6 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments. Impairment of financial assets Financial assets are assessed for indicators of impairment at each reporting date. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. - 3 -
|  | 03103439 31 May 2025
BLACKSHAW QUARRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 2.Accounting policies (continued)
| 2.6 | Financial instruments (continued)
Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled. - 4 -
|  | 03103439 31 May 2025
BLACKSHAW QUARRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
Critical judgements in applying the Company's accounting policies The critical judgements that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the statutory financial statements are discussed below. (i) Assessing indicators of impairment In assessing whether there have been any indicators of impairment of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability. There have been no indicators of impairments identified during the current financial year. (ii) Investment property valuation Investment properties are subject to valuation on an annual basis. The directors applied their judgement in assessing the valuation where the value has not been deemed to of changed significantly from its previously stated value. When the value is deemed to of changed significantly, the directors will obtain a valuation by an appropriately qualified valuer. These valuations are inherently judgemental, but the directors believe the surveyors responsible are appropriately qualified and experienced.
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
5. | Investment property
|  | Freehold investment property | Long term leasehold investment property | Total
|  | £ | £ | £
| Valuation |  |  |
| At 1 June 2024 | 49,794 | 68,832 | 118,626
| At 31 May 2025 | 49,794 | 68,832 | 118,626
The 2025 valuations were made by the directors, on an open market value for existing use basis.
- 5 -
|  | 03103439 31 May 2025
BLACKSHAW QUARRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 424 | 471
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 2,545 | 306
| Amounts owed to group undertakings | 95,977 | 84,288
| Accruals and deferred income | 4,531 | 4,325
|  | 103,053 | 88,919
| Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
8. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 22 (2024 - 22) Ordinary shares of £1.00 each | 22 | 22
|  | 256 (2024 - 256) Redeemable shares of £1.00 each | 256 | 256
|  |  | 278 | 278
| The redeemable shares rank in pari passu in all respects except that members holding redeemable shares are not entitled to receive any dividend or distribution in respect of such shares or to attend or vote at any meeting of the members of the Company. The Company has the right to redeem any number of the redeemable shares in issue be repaying £1 on each redeemable share and on giving the members not less than one months notice in writing.
9. | Reserves
Profit & loss account The profit and loss account reserve represents cumulative profits and losses made by the Company to date. - 6 -
|  | 03103439 31 May 2025
BLACKSHAW QUARRIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
10. | Contingent liabilities
The Company operates in a VAT group with various group companies. All companies are jointly and severally liable for any VAT amounts owing to HM Customs & Revenue. At 31 May 2025, the combined VAT liability, across all other companies, totalled £204,082 (2024: £218,290).
11. | Related party transactions
| The Company is a wholly owned subsidiary of the group headed by Blackshaw Holdings (2014) Limited and as such has taken advantage of the exemption permitted by Section 33 'Related Party Disclosures' not to provide disclosures of transactions entered into with the parent company or other wholly owned subsidiaries within the group.
12. | Controlling party
Blackshaw Investment Group Limited is the immediate parent undertaking and Blackshaw Holdings (2014) Limited is the ultimate parent undertaking. Both companies are registered in England and Wales. There is no single ultimate controlling party.
- 7 -