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REGISTERED NUMBER: 03743724 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

KNIGHTS TECHNOLOGY SEARCH & SELECTION
LIMITED

KNIGHTS TECHNOLOGY SEARCH & SELECTION
LIMITED (REGISTERED NUMBER: 03743724)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNIGHTS TECHNOLOGY SEARCH & SELECTION
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: F A Wahab





REGISTERED OFFICE: 28 Berriedale Avenue
Hove
East Sussex
BN3 4JH





REGISTERED NUMBER: 03743724 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

KNIGHTS TECHNOLOGY SEARCH & SELECTION
LIMITED (REGISTERED NUMBER: 03743724)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,718 2,289
Investments 5 267,704 267,704
269,422 269,993

CURRENT ASSETS
Debtors 6 19 15
Cash at bank 83,998 68,831
84,017 68,846
CREDITORS
Amounts falling due within one year 7 (41,120 ) (36,421 )
NET CURRENT ASSETS 42,897 32,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,319

302,418

PROVISIONS FOR LIABILITIES 8 (326 ) (434 )
NET ASSETS 311,993 301,984

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 311,893 301,884
SHAREHOLDERS' FUNDS 311,993 301,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

KNIGHTS TECHNOLOGY SEARCH & SELECTION
LIMITED (REGISTERED NUMBER: 03743724)

BALANCE SHEET - continued
31 MARCH 2023


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

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 and authorised for issue on 4 October 2023 and were signed by:





F A Wahab - Director


KNIGHTS TECHNOLOGY SEARCH & SELECTION
LIMITED (REGISTERED NUMBER: 03743724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Knights Technology Search & Selection 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Investments
Investment properties are included at open market value for existing use by the directors. Any surplus on revaluation is taken to the revaluation reserve, while any net deficit is taken to the profit and loss account. These are departures from the Companies Act 2006 necessary to give a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

KNIGHTS TECHNOLOGY SEARCH & SELECTION
LIMITED (REGISTERED NUMBER: 03743724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 11,955
DEPRECIATION
At 1 April 2022 9,666
Charge for year 571
At 31 March 2023 10,237
NET BOOK VALUE
At 31 March 2023 1,718
At 31 March 2022 2,289

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Other investments not loans 267,704 267,704

Additional information is as follows:
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 13,900
NET BOOK VALUE
At 31 March 2023 13,900
At 31 March 2022 13,900

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Investment Property 253,804 253,804

The investment property is included at cost of £253,804, which is also considered to be the open market value of the property as valued by the director, Mr F Wahab.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 19 15

KNIGHTS TECHNOLOGY SEARCH & SELECTION
LIMITED (REGISTERED NUMBER: 03743724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,926 2,606
Other creditors 38,194 33,815
41,120 36,421

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 326 434

Deferred
tax
£   
Balance at 1 April 2022 434
Capital allowances in advance (108 )
of depreciation
Balance at 31 March 2023 326