Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-302021-12-302020-12-31falseNo description of principal activity66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01731913 2020-12-31 2021-12-30 01731913 2019-12-31 2020-12-30 01731913 2021-12-30 01731913 2020-12-30 01731913 c:Director2 2020-12-31 2021-12-30 01731913 d:MotorVehicles 2020-12-31 2021-12-30 01731913 d:FurnitureFittings 2020-12-31 2021-12-30 01731913 d:ComputerEquipment 2020-12-31 2021-12-30 01731913 d:CurrentFinancialInstruments 2021-12-30 01731913 d:CurrentFinancialInstruments 2020-12-30 01731913 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-30 01731913 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-30 01731913 d:ShareCapital 2021-12-30 01731913 d:ShareCapital 2020-12-30 01731913 d:RetainedEarningsAccumulatedLosses 2021-12-30 01731913 d:RetainedEarningsAccumulatedLosses 2020-12-30 01731913 c:FRS102 2020-12-31 2021-12-30 01731913 c:Audited 2020-12-31 2021-12-30 01731913 c:FullAccounts 2020-12-31 2021-12-30 01731913 c:PrivateLimitedCompanyLtd 2020-12-31 2021-12-30 01731913 c:SmallCompaniesRegimeForAccounts 2020-12-31 2021-12-30 01731913 6 2020-12-31 2021-12-30 01731913 1 2021-12-30 01731913 1 2020-12-30 iso4217:GBP xbrli:pure

Registered number: 01731913










KNIGHTS VALLEY LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2021



 
KNIGHTS VALLEY LIMITED
REGISTERED NUMBER: 01731913

BALANCE SHEET
AS AT 30 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
98,637
255,189

  
98,637
255,189

Current assets
  

Debtors: amounts falling due within one year
 5 
1,199,088
956,248

Cash at bank and in hand
 6 
51,255
45,568

  
1,250,343
1,001,816

Creditors: amounts falling due within one year
 7 
(57,169)
(63,877)

Net current assets
  
 
 
1,193,174
 
 
937,939

Total assets less current liabilities
  
1,291,811
1,193,128

  

Net assets
  
1,291,811
1,193,128


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Profit and loss account
  
1,191,811
1,093,128

  
1,291,811
1,193,128


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M V Morris
Director

Date: 15 August 2022

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
KNIGHTS VALLEY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

1.


General information

Knights Valley Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of the Company's registered office is Buckingham House, West Street, Newbury, Berkshire, RG14 1BE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The company has a year end of 30 December 2021 however the financial statements include all transactions up to and including 31 December 2021 a policy permitted under Companies Act 2006 section 390.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has made a profit during the year. 
The parent company Stockford Limited has agreed to provide support and has confirmed to the Company that it will make available sufficient financial resources as required to enable the Company to meet its short term liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.
In conclusion the directors consider that the Company will have adequate cash and other liquid resources to meet its commitments, and therefore the financial statements are appropriately prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
KNIGHTS VALLEY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Straight line
Fixtures and fittings
-
15%
Straight line
Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
KNIGHTS VALLEY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2020 - 6).


4.


Fixed asset investments





Investments in associates
Listed investments
Total

£
£
£



Cost or valuation


At 31 December 2020
22,470
255,189
277,659


Disposals
(22,470)
-
(22,470)


Revaluations
-
(156,552)
(156,552)



At 30 December 2021

-
98,637
98,637





At 31 December 2020
22,470
-
22,470


Impairment on disposals
(22,470)
-
(22,470)



At 30 December 2021

-
-
-



Net book value



At 30 December 2021
-
98,637
98,637



At 30 December 2020
-
255,189
255,189

Page 4

 
KNIGHTS VALLEY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

5.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
1,177,277
939,070

Other debtors
8,210
6,713

Prepayments and accrued income
13,601
10,465

1,199,088
956,248


Amounts owed by group undertakings are non interest bearing and repayable on demand. 


6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
51,255
45,568

51,255
45,568



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
25,500
12,417

Other taxation and social security
12,534
11,480

Other creditors
13,635
24,230

Accruals and deferred income
5,500
15,750

57,169
63,877



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £44,912 (2020: £42,575). There was £13,635 (2020: £24,230) amounts outstanding at the year end. 


9.


Related party transactions

The Company is exempt from disclosing related party transactions with other 100% owned members of
the Group headed by Stockford Limited by virtue of FRS 102 section 33.1A.

Page 5

 
KNIGHTS VALLEY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2021

10.


Controlling party

The Company considers Stockford Limited, a company incorporated in England and Wales, to be its ultimate parent company throughout the current and previous years.Stockford Limited is the parent of both the largest and smallest groups in which the results of the company are consolidated.  Copies of the group financial statements for Stockford Limited are available from its registered office: Buckingham House, West Street, Newbury, Berkshire, RG14 1BE.


11.


Auditor's information

The auditor's report on the financial statements for the year ended 30 December 2021 was unqualified.

The audit report was signed on 30 August 2022 by Jonathan Baillie BA (Hons) FCCA ACA (Senior statutory auditor) on behalf of James Cowper Kreston.


Page 6