Blackwater Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14775419

Blackwater Property Limited

Filleted Unaudited Financial Statements

For the period ended

30 April 2025

Blackwater Property Limited

Financial Statements

Year ended 30 April 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Blackwater Property Limited

Officers and Professional Advisers

THE BOARD OF DIRECTORS	M Gorman
	N R Gorman
	L J Gorman
	S P Gorman
	M A Gorman

REGISTERED OFFICE	C/O Streets Chartered Accountants
	Ecen Suite 43 Enterprise Centre Warth Park
	Michael Way
	Raunds
	Northants
	United Kingdom
	NN9 6GR

ACCOUNTANTS	Streets
	Chartered accountants
	ECEN
	Michael Way
	Warth Park
	Northamptonshire
	NN9 6GR

Blackwater Property Limited

Statement of Financial Position

30 April 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	4,151,530	3,800,000

Current assets

Cash at bank and in hand	7,434	239,879

Creditors: amounts falling due within one year	5	2,135,523	1,858,979
		------------	------------
Net current liabilities		2,128,089	1,619,100
		------------	------------
Total assets less current liabilities		2,023,441	2,180,900
		------------	------------
Net assets		2,023,441	2,180,900
		------------	------------

Capital and reserves

Called up share capital	46,301	46,301
Share premium account	2,260,542	2,260,542
Profit and loss account	( 283,402)	( 125,943)
	------------	------------
Shareholders funds	2,023,441	2,180,900
	------------	------------

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 April 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 .

Blackwater Property Limited

Statement of Financial Position (continued)

30 April 2025

These financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

M Gorman

Director

Company registration number: 14775419

Blackwater Property Limited

Notes to the Financial Statements

Year ended 30 April 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 C/O Streets Chartered Accountants, Ecen Suite 43 Enterprise Centre Warth Park, Michael Way, Raunds, Northants, NN9 6GR, United Kingdom.

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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

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.

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.

4. Investments

	Investment property
	£
Cost
At 1 May 2024	3,800,000
Additions	806,530
Disposals	( 455,000)
	------------
At 30 April 2025	4,151,530
	------------
Impairment
At 1 May 2024 and 30 April 2025	–
	------------

Carrying amount
At 30 April 2025	4,151,530
	------------
At 30 April 2024	3,800,000
	------------

In the opinion of the director the fair value of investment properties as at 30 April 2024 is £3,800,000.

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,823,799	1,771,871
Corporation tax	4,824	2,153
Other creditors	306,900	84,955
	------------	------------
	2,135,523	1,858,979
	------------	------------