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Registered number: 09277428

Knightbridge Law Limited

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/10/2022

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Knightbridge Law Limited

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/10/2022
DIRECTORS
Mohammed Islam
REGISTERED OFFICE
128 Dickenson Road
Manchester
M14 5HT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09277428
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Knightbridge Law Limited

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED31/10/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Knightbridge Law Limited

BALANCE SHEET AT 31/10/2022
20222021
Notes££
FIXED ASSETS
Tangible assets311,23610,321
CURRENT ASSETS
Debtors4426,348424,087
Cash at bank and in hand20,05325,011
446,401449,098
CREDITORS: Amounts falling due within one year5219,149210,253
NET CURRENT ASSETS227,252238,845
TOTAL ASSETS LESS CURRENT LIABILITIES238,488249,166
CREDITORS: Amounts falling due after more than one year6126,510180,000
PROVISIONS FOR LIABILITIES AND CHARGES82,1391,961
NET ASSETS109,83967,205
CAPITAL AND RESERVES
Called up share capital95050
Profit and loss account109,78967,155
SHAREHOLDERS' FUNDS109,83967,205
For the year ending 31/10/2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/10/2023 and signed on their behalf by
.............................
Mohammed Islam
Director

Knightbridge Law Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Turnover
Turnover represents the invoiced value of legal services supplied by the company.
Revenue from the services provided is recognised when the services are performed.
1e. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
2. EMPLOYEES
20222021
No.No.
Average number of employees34

Knightbridge Law Limited

3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/11/202110,56016,58727,147
Additions-4,0504,050
At 31/10/202210,56020,63731,197
Depreciation
At 01/11/20215,99110,83516,826
For the year6852,4503,135
At 31/10/20226,67613,28519,961
Net Book Amounts
At 31/10/20223,8847,35211,236
At 31/10/20214,5695,75210,321
4. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors53,38425,127
Trade debtors - Work in progress13,46639,000
VAT443-
Salaries and wages control-2,708
Amounts due from Knightbridge UK Properties Ltd354,056354,056
Prepayments4,9993,196
426,348424,087
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax15,3609,439
VAT-328
PAYE control154770
Directors current account64,48083,325
Bank loans and overdrafts1,7051,154
Coronavirus Business Loan48,00048,000
Credit card-18
Accruals89,45067,219
219,149210,253
Creditors includes amounts due to Mr Mohammed Islam ( Director) of £64,480 ( 2021 £83,325), this amount is repayable upon demand. unsecured and interest free.

Knightbridge Law Limited

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Coronavirus Business loan >1 year126,510180,000
126,510180,000
7. SECURED CREDITORS
20222021
££
Amount of bank loans and overdrafts which are secured174,510228,000
The bank loan is secured by a fixed and floating charge on the assets of the company.
8. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation2,1391,961
2,1391,961
9. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
50 Ordinary shares of £1 each5050
5050

Knightbridge Law Limited

10. OTHER FINANCIAL COMMITMENTS
At 31/10/2022 the company was committed to making the following payments under non-cancellable operating leases:
20222021
££
Operating Leases which expire:
Within two to five years21,00020,000
11. CONTROLLING PARTY
The company is controlled by Mohammed Islam ( director ) who owns 100% of the issued share capital.