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Black Swan Advisors Ltd
Unaudited Financial Statements
for the year ended 31 October 2025
Company registration number 11604412
(England and Wales)

# Company Information

For the year ended 31 October 2025

Director | Patel, Amitkumar, Dr

Company secretary | Patel, Amitkumar

Registered office | 20 High View Road
| London
| E18 2HJ

Registered number | 11604412

Accountant | Amit Patel
| 20 High View Road
| London
| E18 2HJ

# Statement of Financial Position

As at 31 October 2025

| Notes |
2025
2024
£
£
£
£
Current assets
Debtors
41,061
25,200
41,061
25,200
Creditors
Amounts falling due within one year
| 5 |
(15,014)
(1,550)
(15,014)
(1,550)
Net current assets (liabilities)
26,047
23,650
Total assets less current liabilities
26,047
23,650
Creditors
Amounts falling due after one year
| 6 |
(2,250)
(25,374)
(2,250)
(25,374)
Net assets (liabilities)
23,797
(1,724)
Capital and reserves
Called up share capital
100
100
Other reserves
(12,756)
(10,090)
Profit and loss account
36,453
8,266
Total equity
23,797
(1,724)

The company is a private company limited by shares and registered in England and Wales. It 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444 (2A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the director on 19 August 2026 and are signed on its behalf by:

Patel, Amitkumar, Dr Patel, Amitkumar, Dr Director |

Company registration number 11604412

# Notes to the Financial Statements

For the year ended 31 October 2025

### 1. Statutory information

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

The financial statements are presented in sterling and this is the functional currency of the company.

### 2. Accounting policies

### 2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

### 2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

### 2.3. Foreign currencies

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

### 2.4. Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

### 2.5. Trade and other creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

### 2.6. Related parties

A related party is a person or entity that is related to the company. This includes individuals with control or significant influence, members of key management personnel, and entities within the same group. All transactions with related parties are disclosed in the notes to the financial statements. Disclosure includes the nature of the related party relationship, the amount of the transactions, and any outstanding balances and commitments at the reporting date. As permitted by FRS 102, disclosure is not required of transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

### 2.7. Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

### 3. Employees

The average number of employees during the year was 0 (2024: 0).

### 4. Tangible fixed assets

Total
£
Cost
At 1 November 2024
2,396
At 31 October 2025
2,396
Depreciation and impairment
At 1 November 2024
2,396
At 31 October 2025
2,396
Net book value
At 31 October 2025
-
At 31 October 2024
-

### 5. Creditors due within one year

2025
2024
£
£
Trade creditors
8
1,550
Other creditors
9,000
-
Taxation and social security
6,006
-
Total
15,014
1,550

### 6. Creditors due after one year

2025
2024
£
£
Other creditors
2,250
20,250
Directors loan account
-
5,124
Total
2,250
25,374

### 7. Directors advances, credits and guarantees

Director
Brought forward
Amounts advanced
Amounts repaid
£
£
£
Patel, Amitkumar, Dr
(5,124)
18,026
(12,902)
Total
(5,124)
18,026
(12,902)

The above loan is unsecured, interest free and repayable on demand.

### 8. Related party transactions

During the year the company entered into the following transactions with related parties:

- The Company loaned £32,500 to Hlthie Group Limited (FY24 £25,050). This loan is interest free and repayable on demand.