BlackOnyx Limited - Abbreviated accounts 16.1
BlackOnyx Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| BLACKONYX LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| BLACKONYX LIMITED (REGISTERED NUMBER: 06500366) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| BLACKONYX LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BLACKONYX LIMITED (REGISTERED NUMBER: 06500366) |
| ABBREVIATED BALANCE SHEET |
| 31 JANUARY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Revaluation reserve |
| Profit and loss account |
| 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. |
| The financial statements were approved by the Board of Directors on |
| BLACKONYX LIMITED (REGISTERED NUMBER: 06500366) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparation |
| The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is |
| appropriate because there are no material uncertainties related to events or conditions that may cast significant |
| doubt about the ability of the company to continue as a going concern. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay |
| more, or a right to pay less or to receive more tax with the following exceptions: |
| Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed |
| assets, and gains on disposal of fixed assets that have rolled over into replacement assets, only to the extent |
| that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no |
| provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than |
| not that the taxable gain will be rolled over into replacement assets and charged to tax only where the |
| replacement assets are sold. |
| Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
| there will be suitable taxable profits from which the future reversal of underlying timing differences can be |
| deducted. |
| Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences |
| reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
| Investments |
| Investments represent interests held in special purpose vehicle partnerships and companies who are |
| undertaking specific property developments. Once the developments are substantially complete, the company |
| revalues its share to represent a true and fair view of the investment held. The revaluation is undertaken at open |
| market value and reversed once the investment delivers a return to the company. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2015 |
| and 31 January 2016 |
| DEPRECIATION |
| At 1 February 2015 |
| Charge for year |
| At 31 January 2016 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| BLACKONYX LIMITED (REGISTERED NUMBER: 06500366) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST OR VALUATION |
| At 1 February 2015 | 825,000 |
| Additions | 200 |
| Disposals | (1 | ) |
| Revaluations | 24,801 |
| At 31 January 2016 | 850,000 |
| NET BOOK VALUE |
| At 31 January 2016 |
| At 31 January 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary-A | 100.00 |
| £ | £ |
| Aggregate capital and reserves | - | 12,360 |
| Profit for the year | - | 6,091 |
| The company is a property development company. The company was placed into a members voluntary |
| liquidation on 15 October 2015 and dissolved on 25 August 2016. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Members' capital | 50.00 |
| £ | £ |
| Profit for the year | - | 618,683 |
| The LLP is a property development partnership. The LLP was placed into members voluntary liquidation on 27 |
| June 2016. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Members' capital | 50.00 |
| The company is a property development company. The LLP was dormant in the period to 31 March 2014 and |
| year to 31 March 2015, and was dissolved on the 9 June 2015. |
| BLACKONYX LIMITED (REGISTERED NUMBER: 06500366) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary-A | 50.00 |
| £ | £ |
| Aggregate capital and reserves | - | 159,741 |
| Profit for the year | - | 419,092 |
| The company is a property development company. The company was placed into a members voluntary |
| liquidation on 20 April 2015 and was dissolved on 11 May 2016. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary-A | 50.00 |
| £ | £ |
| Aggregate capital and reserves | 1,059,822 | 1,878,835 |
| Loss for the year | (819,013 | ) | (96,720 | ) |
| The company is a property development company. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| £ |
| Aggregate capital and reserves | (8,136 | ) |
| Loss for the year | (8,236 | ) |
| The company is a property development company. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| £ |
| Aggregate capital and reserves | (10,718 | ) |
| Loss for the year | (10,818 | ) |
| The company is a property development company. |
| BLACKONYX LIMITED (REGISTERED NUMBER: 06500366) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2016 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary-A | 50.00 |
| £ |
| Aggregate capital and reserves | (19,924 | ) |
| Loss for the year | (20,024 | ) |
| The company is a property consultancy company. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary-A | 50.00 |
| £ |
| Aggregate capital and reserves | (1,300 | ) |
| Loss for the year | (1,400 | ) |
| The company is a property development company. |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| £ |
| Aggregate capital and reserves | (5,204 | ) |
| Loss for the year | (5,404 | ) |
| The company is a property development company. There are two class of shares, of equal proportion and voting |
| rights, of which Blackonyx Limited owns 100% of one class. |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the balance sheet date the company owed £48,898 (2015: £213,504) to Mr D Ardley, £156 (2015: £71,168) to |
| Mr H Beames, and £227,824 (2015: £57,824) to Mr R Leechman. |