BLACK SEA DEVELOPMENT LIMITED


Director	Metin Susuz


Registered Address	491 Lea Bridge Road
	London
	E10 7EB


Registered Number	14620996 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		673,515		673,515
			673,515		673,515
Current assets
Cash at bank and on hand		15,092		19,560
		15,092		19,560
Creditors amounts falling due within one year	4	(81,002)		(56,865)
Net current assets (liabilities)			(65,910)		(37,305)
Total assets less current liabilities			607,605		636,210
Creditors amounts falling due after one year	5		(602,573)		(627,349)
Net assets			5,032		8,861
Capital and reserves
Called up share capital			100		100
Profit and loss account			4,932		8,761
Shareholders' funds			5,032		8,861

The company was entitled to exemption from audit for this reporting period 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 accounts.
These accounts have been prepared in accordance with the 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) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 19 October 2026, and are signed on its behalf by:

Metin Susuz
Director
Registered Company No. 14620996

BLACK SEA DEVELOPMENT LIMITED

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	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.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	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 sale of goods

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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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:

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.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 February 25	673,515	673,515
At 31 January 26	673,515	673,515
Net book value
At 31 January 26	673,515	673,515
At 31 January 25	673,515	673,515

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Bank borrowings and overdrafts	24,776	-
Taxation and social security	-	1,600
Other creditors	53,346	53,345
Accrued liabilities and deferred income	2,880	1,920
Total	81,002	56,865

5.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	459,572	484,348
Other creditors	143,001	143,001
Total	602,573	627,349

6.	Related party transactions
	Included within long-term creditors is an interest-free, unsecured amount of £143,001 due to MET DEVELOPMENT LONDON LTD, which is repayable on demand (2026: £143,001; 2025: £143,001).

7.	Controlling party
	The Company considers M Susuz to be its ultimate controlling party.