Black Gold (Country Homes) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07025143 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Black Gold (Country Homes) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J L Jones

SECRETARY:

Miss L Muddiman

REGISTERED OFFICE:

c/o Accounts On Time Ltd

Peartree Business centre

Cobham Road

Ferndown

Dorset

BH21 7PP

REGISTERED NUMBER:

07025143 (England and Wales)

ACCOUNTANTS:

Accounts on Time Ltd

Peartree Business Centre

Cobham Road

Ferndown

Dorset

BH21 7PP

FIXED ASSETS

Tangible assets

3

-

-

Investments

4

254,863

254,863

254,863

254,863

CURRENT ASSETS

Stocks

1,704,441

514,533

Debtors

5

34,255

2,066

Cash at bank

105,941

611,518

1,844,637

1,128,117

CREDITORS

Amounts falling due within one year

6

20,510

9,694

NET CURRENT ASSETS

1,824,127

1,118,423

TOTAL ASSETS LESS CURRENT LIABILITIES

2,078,990

1,373,286

CREDITORS

Amounts falling due after more than one year

7

2,095,952

1,389,386

NET LIABILITIES

(16,962

)

(16,100

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(17,062

)

(16,200

)

SHAREHOLDERS' FUNDS

(16,962

)

(16,100

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 April 2019 and were signed by:

J L Jones - Director

1.	STATUTORY INFORMATION

Black Gold (Country Homes) Ltd is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be

found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

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.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

9,781

DEPRECIATION

At 1 January 2018

and 31 December 2018

9,781

NET BOOK VALUE

At 31 December 2018

-

4.	FIXED ASSET INVESTMENTS

31.12.18

31.12.17

£

£

Shares in group undertakings

59,863

59,863

Loans to group undertakings

195,000

195,000

254,863

254,863

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2018

and 31 December 2018

59,863

NET BOOK VALUE

At 31 December 2018

59,863

At 31 December 2017

59,863

Loans to

group

undertakings

£

At 1 January 2018

and 31 December 2018

195,000

5.

DEBTORS

31.12.18

31.12.17

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

33,582

-

Other debtors

673

923

34,255

923

Amounts falling due after more than one year:

Trade debtors

-

1,143

Aggregate amounts

34,255

2,066

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

20,510

9,694

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Other creditors

2,095,952

1,389,386

8.	RELATED PARTY DISCLOSURES

Included in Note 7 Other Creditors are the following:

Loan from Black Gold Developments (UK) Ltd of £1,000.00 of which Mr Julian Jones is a

shareholder.

Loan from Myflight Pilatus (Jersey) Ltd of £32,848 of which Mr Julian Jones is a shareholder.

Loan from Julian Jones of £1,000,123