BLACK HAMMER CAPITAL LIMITED

BLACK HAMMER CAPITAL LIMITED - Company Information

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Company Registration Number:
05851199 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

Contents of the Financial Statements

for the Period Ended 31 March 2017


Balance sheet
Notes

Balance sheet

As at 31 March 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets:	3	3,818	4,655
Total fixed assets:		3,818	4,655
Current assets
Debtors:		14,557	22,851
Cash at bank and in hand:		180,451	189,519
Total current assets:		195,008	212,370
Creditors: amounts falling due within one year:	4	(270,743)	(269,834)
Net current assets (liabilities):		(75,735)	(57,464)
Total assets less current liabilities:		(71,917)	(52,809)
Creditors: amounts falling due after more than one year:	5	(331,250)	(206,250)
Total net assets (liabilities):		(403,167)	(259,059)
Capital and reserves
Called up share capital:		106	106
Share premium account:		68,744	68,744
Profit and loss account:		(472,017)	(327,909)
Shareholders funds:		(403,167)	(259,059)

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 06 December 2017
and signed on behalf of the board by:

Name: M Oppenheim
Status: Director

The notes form part of these financial statements

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Other accounting policies

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Employees

	2017	2016
Average number of employees during the period	2	2

Notes to the Financial Statements

for the Period Ended 31 March 2017

3. Tangible Assets

	Total
Cost	£
At 01 April 2016	23,275
Additions	433
At 31 March 2017	23,708
Depreciation
At 01 April 2016	18,620
Charge for year	1,270
At 31 March 2017	19,890
Net book value
At 31 March 2017	3,818
At 31 March 2016	4,655

Notes to the Financial Statements

for the Period Ended 31 March 2017

4. Creditors: amounts falling due within one year note

Trade creditors £11,667Other creditors £259,076

Notes to the Financial Statements

for the Period Ended 31 March 2017

5. Creditors: amounts falling due after more than one year note

Other creditors £331,250

BLACK HAMMER CAPITAL LIMITED