Black Gold (Country Homes) Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07025143 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

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

Arena Business Centre

9 Nimrod Way

Ferndown

Dorset

BH21 7UH

REGISTERED NUMBER:

07025143 (England and Wales)

ACCOUNTANTS:

Accounts on Time Ltd

Arena Office Centre

9 Nimrod Way

Ferndown

Dorset

BH21 7UH

FIXED ASSETS

Tangible assets

3

-

70,000

Investments

4

262,430

276,842

262,430

346,842

CURRENT ASSETS

Stocks

177,250

182,250

Debtors

5

1,589

4,312

Cash at bank

33,851

7,924

212,690

194,486

CREDITORS

Amounts falling due within one year

6

654

35,236

NET CURRENT ASSETS

212,036

159,250

TOTAL ASSETS LESS CURRENT LIABILITIES

474,466

506,092

CREDITORS

Amounts falling due after more than one year

7

501,051

529,848

NET LIABILITIES

(26,585

)

(23,756

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(26,685

)

(23,856

)

SHAREHOLDERS' FUNDS

(26,585

)

(23,756

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 September 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

79,781

Transfer to ownership

(70,000

)

At 31 December 2016

9,781

DEPRECIATION

At 1 January 2016

and 31 December 2016

9,781

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

70,000

4.	FIXED ASSET INVESTMENTS

31.12.16

31.12.15

£

£

Shares in group undertakings

67,430

81,842

Loans to group undertakings

195,000

195,000

262,430

276,842

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2016

81,842

Disposals

(14,412

)

At 31 December 2016

67,430

NET BOOK VALUE

At 31 December 2016

67,430

At 31 December 2015

81,842

Loans to

group

undertakings

£

At 1 January 2016

and 31 December 2016

195,000

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

1,589

4,312

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

(1

)

34,716

Taxation and social security

655

520

654

35,236

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Other creditors

501,051

529,848