| BLACK BOY (CAERNARFON) LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| BLACK BOY (CAERNARFON) LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2025 |
| BLACK BOY (CAERNARFON) LIMITED (REGISTERED NUMBER: 03569721) |
| Contents of the Financial Statements |
| for the year ended 31st March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BLACK BOY (CAERNARFON) LIMITED |
| Company Information |
| for the year ended 31st March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 Abbots Quay |
| Monks Ferry |
| Birkenhead |
| CH41 5LH |
| BLACK BOY (CAERNARFON) LIMITED (REGISTERED NUMBER: 03569721) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Prepayments and accrued income |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Revaluation reserve | 12 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| BLACK BOY (CAERNARFON) LIMITED (REGISTERED NUMBER: 03569721) |
| Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| BLACK BOY (CAERNARFON) LIMITED (REGISTERED NUMBER: 03569721) |
| Notes to the Financial Statements |
| for the year ended 31st March 2025 |
| 1. | STATUTORY INFORMATION |
| Black Boy (Caernarfon) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| Preparation of the financial statements requires management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include: |
| - Useful economic life of tangible fixed assets |
| - Valuation of investment property included in the balance sheet |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| BLACK BOY (CAERNARFON) LIMITED (REGISTERED NUMBER: 03569721) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. Loans 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. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. |
| Creditors |
| Short term creditors are measured at transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to/from related parties. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| BLACK BOY (CAERNARFON) LIMITED (REGISTERED NUMBER: 03569721) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Motor |
| property | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st April 2024 |
| Additions |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2024 |
| Revaluations | 183,148 |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| Fair value at 31st March 2025 is represented by: |
| £ |
| Valuation in 2025 | 183,148 |
| Cost | 196,852 |
| 380,000 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 196,852 | 196,852 |
| Investment property was valued on an open market basis on 31st March 2025 by the directors. . |
| 6. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| BLACK BOY (CAERNARFON) LIMITED (REGISTERED NUMBER: 03569721) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' loan accounts | 75,163 | 165,270 |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 81,876 | 42,045 |
| Other creditors |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Loan > 5 Years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Loan > 5 Years | 117,218 | 157,348 |
| 10. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 123,545 | 100,402 |
| Deferred |
| tax |
| £ |
| Balance at 1st April 2024 |
| Provided during year |
| Balance at 31st March 2025 |
| BLACK BOY (CAERNARFON) LIMITED (REGISTERED NUMBER: 03569721) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2025 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 300,000 | 300,000 |
| 12. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st April 2024 | 850,624 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Property revaluation | (139,023 | ) | 139,023 | - |
| At 31st March 2025 | 875,160 |
| 13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31st March 2025 and 31st March 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 14. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £260,000 were paid to the directors . |
| Included in other debtors is an amount of £223,659 (2024 : £324,543) owed to the company by Caernarfon-apartments.com limited, a company in which both Mr & Mrs Evans are shareholders. |