James Knight Developments Ltd 06263387 true 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is other holding companies Digita Accounts Production Advanced 6.30.9574.0 true Mr Ersin Sirer 06263387 2022-06-01 2023-05-31 06263387 2023-05-31 06263387 core:RetainedEarningsAccumulatedLosses 2023-05-31 06263387 core:ShareCapital 2023-05-31 06263387 core:CurrentFinancialInstruments 2023-05-31 06263387 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 06263387 core:RestatedAmount 2023-05-31 06263387 bus:FRS102 2022-06-01 2023-05-31 06263387 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 06263387 bus:FullAccounts 2022-06-01 2023-05-31 06263387 bus:RegisteredOffice 2022-06-01 2023-05-31 06263387 bus:Director1 2022-06-01 2023-05-31 06263387 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 06263387 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06263387 countries:EnglandWales 2022-06-01 2023-05-31 06263387 2021-06-01 2022-05-31 06263387 2022-05-31 06263387 core:RetainedEarningsAccumulatedLosses 2022-05-31 06263387 core:ShareCapital 2022-05-31 06263387 core:CurrentFinancialInstruments 2022-05-31 06263387 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 06263387 core:RestatedAmount 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 06263387

James Knight Developments Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2023

 

James Knight Developments Ltd

Profit and Loss Account for the Year Ended 31 May 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

James Knight Developments Ltd

(Registration number: 06263387)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

68,413

68,413

Cash at bank and in hand

 

124

124

 

68,537

68,537

Creditors: Amounts falling due within one year

5

(6,816)

(6,816)

Net assets

 

61,721

61,721

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

61,621

61,621

Shareholders' funds

 

61,721

61,721

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 16 October 2023
 

.........................................
Mr Ersin Sirer
Director

 

James Knight Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42-46 Station Road
Edgware
Middlesex
HA8 7AB
England

These financial statements were authorised for issue by the director on 16 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

James Knight Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Current

2023
£

2022
£

Other debtors

1,448

1,448

Gross amount due from customers for contract work

66,965

66,965

68,413

68,413

4

Cash and cash equivalents

2023
£

2022
£

Cash on hand

100

100

Cash at bank

24

24

124

124

5

Creditors

2023
£

2022
£

Due within one year

Other payables

480

480

Accruals

480

480

Directors current account

5,856

5,856

6,816

6,816

6

Share capital

7

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

 

James Knight Developments Ltd

Detailed Profit and Loss Account for the Year Ended 31 May 2023

2023
£

2022
£

Turnover (analysed below)

-

-

Administrative expenses

General administrative expenses (analysed below)

-

(2,538)

Finance charges (analysed below)

-

(1)

-

(2,539)

Operating loss

-

(2,539)

Loss before tax

-

(2,539)

 

James Knight Developments Ltd

Detailed Profit and Loss Account for the Year Ended 31 May 2023

2023
£

2022
£

   

General administrative expenses

Office admin expenses

-

(989)

Sundry expenses

-

(252)

Travel and subsistence

-

(817)

Accountancy fees

-

(480)

-

(2,538)

   

Finance charges

Bank charges

-

(1)