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REGISTERED NUMBER: 06738623 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2016

for

Blackbay Ventures Limited

Blackbay Ventures Limited (Registered number: 06738623)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Blackbay Ventures Limited

Company Information
for the Year Ended 31 December 2016







DIRECTOR: Uday Dhopat





REGISTERED OFFICE: Unit 4 York House
Wolsey Business Park
Tolpits Lane
Rickmansworth
WD18 9BL





REGISTERED NUMBER: 06738623 (England and Wales)






Blackbay Ventures Limited (Registered number: 06738623)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £   
CURRENT ASSETS
Debtors 3 49,111 106,980
Cash at bank - 2,029
49,111 109,009
CREDITORS
Amounts falling due within one year 4 1,892,716 402,113
NET CURRENT LIABILITIES (1,843,605 ) (293,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,843,605

)

(293,104

)

CREDITORS
Amounts falling due after more than one year 5 - 1,453,869
NET LIABILITIES (1,843,605 ) (1,746,973 )

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 7 (1,843,606 ) (1,746,974 )
SHAREHOLDERS' FUNDS (1,843,605 ) (1,746,973 )

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 18 September 2017 and were signed by:





Uday Dhopat - Director


Blackbay Ventures Limited (Registered number: 06738623)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Blackbay Ventures Limited 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.

The financial statements have been prepared on a going concern basis. The financial statements show that the net current
liabilities exceeded the net current assets. The company is therefore reliant on the support of the Creditors. No adjustment has
been made to reclassify assets and liabilities on the basis that the support from the Creditors will not be withdrawn. The Directors
therefore consider it appropriate to prepare the financial statements on a going concern basis.

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. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Other debtors 49,111 49,111
Prepayments & accrued income - 57,869
49,111 106,980

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 245,326 303,234
Amounts owed to group undertakings 1,566,661 -
Social security and other taxes 65,661 83,661
VAT 15,068 15,068
Accrued expenses - 150
1,892,716 402,113

Blackbay Ventures Limited (Registered number: 06738623)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.16 31.12.15
£    £   
Amounts owed to group undertakings - 1,453,869

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.16 31.12.15
value: £    £   
100 Ordinary £0.01 1 1

7. RESERVES
Retained
earnings
£   

At 1 January 2016 (1,746,974 )
Deficit for the year (96,632 )
At 31 December 2016 (1,843,606 )

8. RELATED PARTY DISCLOSURES

i) 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.

ii) Included within Other Debtors on the balance sheet was the following balance owed by DC Procurements Limited. At the
balance sheet date, DC procurements Limited was controlled by Pravin D Budhdeo, father of Shamir P Budhdeo, a director in
Parent company Gold Nuts Limited.
31.12.16 31.12.15
£ £
Amount owed to the company 49,111 49,111