Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-302021-12-302020-12-31falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01742529 2020-12-31 2021-12-30 01742529 2019-12-31 2020-12-30 01742529 2021-12-30 01742529 2020-12-30 01742529 c:Director1 2020-12-31 2021-12-30 01742529 c:Director2 2020-12-31 2021-12-30 01742529 d:CurrentFinancialInstruments 2021-12-30 01742529 d:CurrentFinancialInstruments 2020-12-30 01742529 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-30 01742529 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-30 01742529 d:ShareCapital 2021-12-30 01742529 d:ShareCapital 2020-12-30 01742529 d:RetainedEarningsAccumulatedLosses 2021-12-30 01742529 d:RetainedEarningsAccumulatedLosses 2020-12-30 01742529 c:OrdinaryShareClass1 2020-12-31 2021-12-30 01742529 c:OrdinaryShareClass1 2021-12-30 01742529 c:OrdinaryShareClass1 2020-12-30 01742529 c:FRS102 2020-12-31 2021-12-30 01742529 c:Audited 2020-12-31 2021-12-30 01742529 c:FullAccounts 2020-12-31 2021-12-30 01742529 c:PrivateLimitedCompanyLtd 2020-12-31 2021-12-30 01742529 c:SmallCompaniesRegimeForAccounts 2020-12-31 2021-12-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01742529










KNIGHTS VALLEY HOTELS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2021

 
KNIGHTS VALLEY HOTELS LIMITED
REGISTERED NUMBER: 01742529

BALANCE SHEET
AS AT 30 DECEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
180,000
511,318

Cash at bank and in hand
 5 
7,831
742

  
187,831
512,060

Creditors: amounts falling due within one year
 6 
-
(324,139)

Net current assets
  
 
 
187,831
 
 
187,921

Total assets less current liabilities
  
187,831
187,921

  

Net assets
  
187,831
187,921


Capital and reserves
  

Called up share capital 
 7 
175,000
175,000

Profit and loss account
  
12,831
12,921

  
187,831
187,921


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
A G McKenzie
Director
Director


Date: 15 August 2022

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
KNIGHTS VALLEY HOTELS LIMITED
 

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

1.


General information

Knights Valley Hotels 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 loss 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 HOTELS LIMITED
 

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

2.Accounting policies (continued)

 
2.4

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.

 
2.5

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.

 
2.6

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 3 (2020 - 3).


4.


Debtors

2021
2020
£
£


Trade debtors
-
(1)

Amounts owed by group undertakings
180,000
511,319

180,000
511,318


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


5.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
7,831
742

7,831
742


Page 3

 
KNIGHTS VALLEY HOTELS LIMITED
 

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

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Amounts owed to group undertakings
-
324,139

-
324,139


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


7.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



175,000 (2020 - 175,000) Ordinary shares of £1.00 each
175,000
175,000



8.


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.


9.


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.


10.


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 4