Black Gold Construction (UK) Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07025143 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

Black Gold Construction (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

J L Jones

R T Blashill

C S Parkinson

SECRETARY:

L Muddiman

REGISTERED OFFICE:

Westons Point House

Westons Point

Turks Lane

Poole

Dorset

BH14 8EW

REGISTERED NUMBER:

07025143 (England and Wales)

ACCOUNTANTS:

Accounts on Time Ltd

Peartree Business Centre

Cobham Road

Ferndown

Dorset

BH21 7PP

FIXED ASSETS

Tangible assets

4

2,129

3,628

Investments

5

195,100

254,863

197,229

258,491

CURRENT ASSETS

Stocks

177,250

177,250

Debtors

6

88,872

361,455

Cash at bank

384,797

367,829

650,919

906,534

CREDITORS

Amounts falling due within one year

7

65,657

139,248

NET CURRENT ASSETS

585,262

767,286

TOTAL ASSETS LESS CURRENT LIABILITIES

782,491

1,025,777

CREDITORS

Amounts falling due after more than one year

8

758,996

1,000,000

NET ASSETS

23,495

25,777

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

23,395

25,677

SHAREHOLDERS' FUNDS

23,495

25,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 23 March 2023 and were signed on its behalf by:

J L Jones - Director

1.	STATUTORY INFORMATION

Black Gold Construction (UK) 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.

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 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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2022

and 31 December 2022

14,284

DEPRECIATION

At 1 January 2022

10,656

Charge for year

1,499

At 31 December 2022

12,155

NET BOOK VALUE

At 31 December 2022

2,129

At 31 December 2021

3,628

5.	FIXED ASSET INVESTMENTS

31.12.22

31.12.21

£

£

Shares in group undertakings

100

59,863

Loans to group undertakings

195,000

195,000

195,100

254,863

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2022

59,863

Impairments

(59,763

)

At 31 December 2022

100

NET BOOK VALUE

At 31 December 2022

100

At 31 December 2021

59,863

Loans to

group

undertakings

£

At 1 January 2022

and 31 December 2022

195,000

An Investment in Seveneye Developments Ltd has been impaired leaving just the £100 share par value in the balance sheet.The company is no longer trading and has no prospect of making any return on the investment.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

61,407

350,082

Other debtors

27,465

11,373

88,872

361,455

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

47,046

131,182

Amounts owed to group undertakings

1,344

-

Taxation and social security

17,267

8,066

65,657

139,248

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Other creditors

758,996

1,000,000

9.	RELATED PARTY DISCLOSURES

Included in Other Creditors are the following:

Corporate Bond from Black Gold Investments (Jersey) Ltd of £1,000,000 of which Mr Julian Jones is a shareholder, £250,000 was paid on 18th August 2022, leaving a balance of £750,000.

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 year ended 31 December 2022 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: .............................................