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REGISTERED NUMBER: 00450460 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

CHARLES KNOWLES LIMITED

CHARLES KNOWLES LIMITED (REGISTERED NUMBER: 00450460)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHARLES KNOWLES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: I K Knowles
Mrs Y R Knowles
P G W Knowles
G E Knowles
Mrs E N Knowles





SECRETARY: Mrs E N Knowles





REGISTERED OFFICE: 2 The Links
HERNE BAY
Kent
CT6 7GQ





BUSINESS ADDRESS: Elizabeth House
Oaklands Farm
Inchbrook , Stroud
Gloucestershire
GL5 5HA





REGISTERED NUMBER: 00450460 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

CHARLES KNOWLES LIMITED (REGISTERED NUMBER: 00450460)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,200 1,600
Investments 6 511,236 507,092
Investment property 7 848,950 922,533
1,361,386 1,431,225

CURRENT ASSETS
Debtors 8 4,089 3,362
Cash at bank 1,061,946 897,585
1,066,035 900,947
CREDITORS
Amounts falling due within one year 9 31,390 122,703
NET CURRENT ASSETS 1,034,645 778,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,396,031

2,209,469

PROVISIONS FOR LIABILITIES 47,548 18,936
NET ASSETS 2,348,483 2,190,533

CAPITAL AND RESERVES
Called up share capital 10 2,500 2,500
Fair value reserve 11 238,558 159,701
Retained earnings 2,107,425 2,028,332
SHAREHOLDERS' FUNDS 2,348,483 2,190,533

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 30th October 2023 and were signed on its behalf by:





P G W Knowles - Director


CHARLES KNOWLES LIMITED (REGISTERED NUMBER: 00450460)

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

1. STATUTORY INFORMATION

Charles Knowles 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income due and investment income paid, excluding value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on a straight line basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

CHARLES KNOWLES LIMITED (REGISTERED NUMBER: 00450460)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st April 2022
and 31st March 2023 2,020 3,650 2,759 8,429
DEPRECIATION
At 1st April 2022 505 3,565 2,759 6,829
Charge for year 379 21 - 400
At 31st March 2023 884 3,586 2,759 7,229
NET BOOK VALUE
At 31st March 2023 1,136 64 - 1,200
At 31st March 2022 1,515 85 - 1,600

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2022 507,092
Additions 217,478
Disposals (203,416 )
Revaluations (9,918 )
At 31st March 2023 511,236
NET BOOK VALUE
At 31st March 2023 511,236
At 31st March 2022 507,092

Cost or valuation at 31st March 2023 is represented by:

Other
investments
£   
Valuation in 2023 511,236

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 922,533
Disposals (278,275 )
Revaluations 204,692
At 31st March 2023 848,950
NET BOOK VALUE
At 31st March 2023 848,950
At 31st March 2022 922,533

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2023 848,950

CHARLES KNOWLES LIMITED (REGISTERED NUMBER: 00450460)

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

7. INVESTMENT PROPERTY - continued

The valuation has been conducted by the director of the company using extensive knowledge of the property markets, recent discussions with property agents and guidance of online property valuation sites. It is believed this is a fair representation of the market value at the balance sheet date.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,411 1,047
Rental debtor 2,337 2,315
Prepayments 341 -
4,089 3,362

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 23,421 114,337
Other creditors and accruals 5,574 7,266
Rent received in advance 2,395 1,100
31,390 122,703

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
480 Ordinary 'A' Shares £1 480 480
276 Ordinary 'B' Shares £1 474 474
125 Ordinary 'C' Shares £1 125 125
125 Ordinary 'D' Shares £1 125 125
300 Ordinary 'E' Shares £1 300 300
150 Ordinary 'G' Shares £1 150 150
131 Ordinary 'F1' Shares £1 131 131
131 Ordinary 'F2' Shares £1 131 131
339 Ordinary 'H' Shares £1 339 339
245 Ordinary 'J' Shares £1 245 245
2,500 2,500

11. RESERVES
Fair
value
reserve
£   
At 1st April 2022 159,701
Reserve transfer 78,857

At 31st March 2023 238,558