Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01265371 2022-04-01 2023-03-31 01265371 2021-04-01 2022-03-31 01265371 2023-03-31 01265371 2022-03-31 01265371 c:Director1 2022-04-01 2023-03-31 01265371 d:FreeholdInvestmentProperty 2023-03-31 01265371 d:FreeholdInvestmentProperty 2022-03-31 01265371 d:CurrentFinancialInstruments 2023-03-31 01265371 d:CurrentFinancialInstruments 2022-03-31 01265371 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01265371 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 01265371 d:ShareCapital 2023-03-31 01265371 d:ShareCapital 2022-03-31 01265371 d:RetainedEarningsAccumulatedLosses 2023-03-31 01265371 d:RetainedEarningsAccumulatedLosses 2022-03-31 01265371 c:FRS102 2022-04-01 2023-03-31 01265371 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01265371 c:FullAccounts 2022-04-01 2023-03-31 01265371 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01265371 d:OtherDeferredTax 2023-03-31 01265371 d:OtherDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 01265371









KNAPPERDALE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
KNAPPERDALE LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KNAPPERDALE LIMITED
FOR THE YEAR ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Knapperdale Limited for the year ended 31 March 2023 which comprise  the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Knapperdale Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Knapperdale Limited  and state those matters that we have agreed to state to the director of Knapperdale Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Knapperdale Limited and its director for our work or for this report. 

It is your duty to ensure that Knapperdale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Knapperdale Limited. You consider that Knapperdale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Knapperdale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Nyman Libson Paul LLP
 
Chartered Accountants
  
124 Finchley Road
London
NW3 5JS
25 October 2023
Page 1

 
KNAPPERDALE LIMITED
REGISTERED NUMBER: 01265371

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
675,000
675,000

  
675,000
675,000

Current assets
  

Debtors: amounts falling due within one year
 5 
978
3,504

Bank & cash balances
  
42,316
39,008

  
43,294
42,512

Creditors: amounts falling due within one year
 6 
(22,731)
(21,520)

Net current assets
  
 
 
20,563
 
 
20,992

Total assets less current liabilities
  
695,563
695,992

Provisions for liabilities
  

Deferred tax
 7 
(103,550)
(103,550)

  
 
 
(103,550)
 
 
(103,550)

Net assets
  
592,013
592,442


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
591,913
592,342

  
592,013
592,442

Page 2

 
KNAPPERDALE LIMITED
REGISTERED NUMBER: 01265371
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 on 25 October 2023.




Miriam Margolyes
Director

The notes on pages 4 to 7 form part of these financial statements.
Page 3

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

1.


General information

Knapperdale Limited is a private company limited by shares and is incorporated and domiciled in England. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises rental income receivable during the year and 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.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current selling prices for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.4

Debtors

Short term debtors are measured at transaction price, 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. 

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

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

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

Page 5

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

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
675,000



At 31 March 2023
675,000

The 2023 valuations were made by the director, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


Net surplus/(deficit) in movement properties
441,450
441,450

At 31 March 2023
441,450
441,450



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
130,000
130,000

130,000
130,000


5.


Debtors

2023
2022
£
£


Other debtors
869
964

Prepayments and accrued income
109
2,540

978
3,504


Page 6

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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
-
4,482

Other creditors
20,731
15,038

Accruals and deferred income
2,000
2,000

22,731
21,520



7.


Deferred taxation




2023


£






At beginning of year
(103,550)



At end of year
(103,550)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Unrealised gains on revaluation of investment property
(103,550)
(103,550)

(103,550)
(103,550)

 
Page 7