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Unaudited Financial Statements for the Year Ended 31 October 2020 |
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Black Katz Eddy (Holdings) Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 October 2020 |
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for |
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Black Katz Eddy (Holdings) Limited |
Black Katz Eddy (Holdings) Limited (Registered number: 03403115) |
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Contents of the Financial Statements |
for the Year Ended 31 October 2020 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Black Katz Eddy (Holdings) Limited |
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Company Information |
for the Year Ended 31 October 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Black Katz Eddy (Holdings) Limited (Registered number: 03403115) |
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Balance Sheet |
31 October 2020 |
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31.10.20 | 31.10.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Black Katz Eddy (Holdings) Limited (Registered number: 03403115) |
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Balance Sheet - continued |
31 October 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Black Katz Eddy (Holdings) Limited (Registered number: 03403115) |
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Notes to the Financial Statements |
for the Year Ended 31 October 2020 |
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1. | STATUTORY INFORMATION |
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Black Katz Eddy (Holdings) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents the total income receivable from the investments properties for the year net of value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investment properties |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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Pension costs |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Black Katz Eddy (Holdings) Limited (Registered number: 03403115) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2020 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 November 2019 |
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Additions |
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Disposals | ( |
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At 31 October 2020 |
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DEPRECIATION |
At 1 November 2019 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 October 2020 |
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NET BOOK VALUE |
At 31 October 2020 |
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At 31 October 2019 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 November 2019 |
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Additions |
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Disposals | ( |
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Revaluations | 183,890 |
At 31 October 2020 |
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NET BOOK VALUE |
At 31 October 2020 |
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At 31 October 2019 |
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Fair value at 31 October 2020 is represented by: |
£ |
Valuation in 2011 | 954,803 |
Valuation in 2012 | 122,220 |
Valuation in 2013 | 279,313 |
Valuation in 2014 | 700,237 |
Valuation in 2015 | 429,900 |
Valuation in 2016 | 319,055 |
Valuation in 2017 | (38,675 | ) |
Valuation in 2018 | (35,727 | ) |
Valuation in 2019 | (87,667 | ) |
Valuation in 2020 | 183,890 |
Cost | 2,527,912 |
5,355,261 |
Black Katz Eddy (Holdings) Limited (Registered number: 03403115) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2020 |
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5. | INVESTMENT PROPERTY - continued |
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If the investment properties had not been revalued they would have been included at the following historical cost: |
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31.10.20 | 31.10.19 |
£ | £ |
Cost | 2,527,912 | 2,764,138 |
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The investment properties were valued on a fair value basis on 6 April 2021 by the directors of the company . |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.20 | 31.10.19 |
£ | £ |
Amounts owed by group undertakings |
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Directors' loan accounts | 412,000 | 412,000 |
Tax recoverable |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.20 | 31.10.19 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to associates | 91,373 | 91,521 |
Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.10.20 | 31.10.19 |
£ | £ |
Bank loans |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.10.20 | 31.10.19 |
£ | £ |
Bank loans |
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Black Katz Eddy (Holdings) Limited (Registered number: 03403115) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2020 |
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10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 October 2020 and 31 October 2019: |
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31.10.20 | 31.10.19 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest is chargeable on the loans to Ms J Katz at a rate equivalent to the HM Revenue & Custom's official rate. The loan to Mr A Black is interest-free. |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate parent company is Eddy Black Group Limited, a company incorporated in England. Mr A Black and Mr C Eddy are the ultimate controlling parties. The immediate parent company is Black Katz 1 Limited, incorporated in England. |