Black Stone Fort (Gervis) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11516666 (England and Wales)

Unaudited Financial Statements

for the Period 14 August 2018 to 31 December 2019

for

Black Stone Fort (Gervis) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

J L Jones

S W Beales

R T Blashill

R A Carr

SECRETARY:

REGISTERED OFFICE:

Westons Point Boatyard

Turks Lane

Poole

Dorset

BH14 8EW

REGISTERED NUMBER:

11516666 (England and Wales)

ACCOUNTANTS:

Accounts on Time Ltd

Peartree Business Centre

Cobham Road

Ferndown

Dorset

BH21 7PP

CURRENT ASSETS

Stocks

1,429,248

Debtors

4

6,872

Cash in hand

14,289

1,450,409

CREDITORS

Amounts falling due within one year

5

1,455,794

NET CURRENT LIABILITIES

(5,385

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,385

)

CAPITAL AND RESERVES

Called up share capital

2,000

Retained earnings

(7,385

)

SHAREHOLDERS' FUNDS

(5,385

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2020 and were signed on its behalf by:

J L Jones - Director

1.	STATUTORY INFORMATION

Black Stone Fort (Gervis) Limited 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 period 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 period 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

4,669

Other debtors

2,203

6,872

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

105,354

Other creditors

1,350,440

1,455,794

6.	RELATED PARTY DISCLOSURES

Included in Other Creditors is a loan of £1,350,000 from Black Gold Investments (Jersey)

Ltd of which the main shareholder Julian Jones is the 100% shareholder of.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 December 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accounts on Time Ltd

Peartree Business Centre

Cobham Road

Ferndown

Dorset

BH21 7PP

Date: .............................................