Black King Properties Limited Filleted accounts for Companies House (small and micro)
Black King Properties Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC227954
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Financial Statements |
Year ended 30 June 2023
Contents |
Page |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 30 June 2023
216 West George Street
Glasgow
G2 2PQ
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders funds |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
7 December 2023
, and are signed on behalf of the board by:
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Director |
Company registration number:
SC227954
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Notes to the Financial Statements |
Year ended 30 June 2023
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Consolidation
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
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Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Government grants
Provisions
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
2
).
5.
Tangible assets
Investment property |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 July 2022 |
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Additions |
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– |
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------- |
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At 30 June 2023 |
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Depreciation |
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At 1 July 2022 |
– |
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Charge for the year |
– |
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------- |
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At 30 June 2023 |
– |
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Carrying amount |
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At 30 June 2023 |
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At 30 June 2022 |
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Tangible assets held at valuation
The company's investment properties were valued at £330,300 at 30th June 2023 (2022: £325,000). If the properties had not been revalued they would have been stated at a cost of £307,835 (2022: £302,535).
6.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 July 2022 and 30 June 2023 |
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Impairment |
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At 1 July 2022 and 30 June 2023 |
– |
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Carrying amount |
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At 30 June 2023 |
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At 30 June 2022 |
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The company owns 100% of the ordinary share capital of Oban Bay Properties Limited, a company registered in Scotland.
The company own an interest of 25% of the shareholding in Chapel Street Properties (Scotland) Limited, a company registered in Scotland.
7.
Debtors
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Social security and other taxes |
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Other creditors |
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9.
Directors' advances, credits and guarantees
At the year end the company owed Mr & Mrs G C King, directors, an amount of £142,902 (2022: £117,998).
10.
Related party transactions
At 30th June 2023 the company owed its subsidiary, Oban Bay Properties Limited £1,000 (2021: £1,000). At 30th June 2023 the company was owed £127,204 (2022: £156,475) from Chapel Street Properties (Scotland) Limited, a company in which it has an interest.
11.
Controlling party
The company was under the control of
Mr G C King
, director, throughout the current period.