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REGISTERED NUMBER: 10285671 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2022

for

Knights House Developments Ltd

Knights House Developments Ltd (Registered number: 10285671)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knights House Developments Ltd

Company Information
for the Year Ended 31 January 2022







DIRECTOR: N J Sellman





REGISTERED OFFICE: 7 Midland Drive
Sutton Coldfield
B72 1TX





REGISTERED NUMBER: 10285671 (England and Wales)






Knights House Developments Ltd (Registered number: 10285671)

Balance Sheet
31 January 2022

31.1.22 31.1.21
Notes £    £   
FIXED ASSETS
Investments 4 100 100

CURRENT ASSETS
Debtors 5 10,649,416 10,598,482
Cash at bank 3,062 709
10,652,478 10,599,191
CREDITORS
Amounts falling due within one year 6 (1,011,416 ) (1,052,473 )
NET CURRENT ASSETS 9,641,062 9,546,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,641,162

9,546,818

CREDITORS
Amounts falling due after more than one
year

7

(9,912,969

)

(9,862,555

)
NET LIABILITIES (271,807 ) (315,737 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (271,907 ) (315,837 )
(271,807 ) (315,737 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 House Developments Ltd (Registered number: 10285671)

Balance Sheet - continued
31 January 2022


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 20 January 2023 and were signed by:





N J Sellman - Director


Knights House Developments Ltd (Registered number: 10285671)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Knights House Developments Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Knights House Developments Ltd (Registered number: 10285671)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2021
and 31 January 2022 100
NET BOOK VALUE
At 31 January 2022 100
At 31 January 2021 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 1,700 2,520
Amounts owed by group undertakings 10,647,410 10,554,145
Amounts owed by associates 306 20,000
Other debtors - 21,817
10,649,416 10,598,482

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Bank loans and overdrafts 10,000 -
Trade creditors 93,422 110,147
Amounts owed to group undertakings - 200
Amounts owed to associates 830,465 863,220
Taxation and social security 65,799 64,518
Other creditors 11,730 14,388
1,011,416 1,052,473

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.22 31.1.21
£    £   
Bank loans 9,912,969 9,862,555

8. ULTIMATE CONTROLLING PARTY

The controlling party is N J Sellman.