0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 351,072 351,037 35 35 351,072 xbrli:pure xbrli:shares iso4217:GBP SC586555 2023-01-01 2023-12-31 SC586555 2023-12-31 SC586555 2022-12-31 SC586555 2022-01-01 2022-12-31 SC586555 2022-12-31 SC586555 2021-12-31 SC586555 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 SC586555 bus:Director1 2023-01-01 2023-12-31 SC586555 core:WithinOneYear 2023-12-31 SC586555 core:WithinOneYear 2022-12-31 SC586555 core:ShareCapital 2023-12-31 SC586555 core:ShareCapital 2022-12-31 SC586555 core:SharePremium 2023-12-31 SC586555 core:SharePremium 2022-12-31 SC586555 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC586555 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 SC586555 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-12-31 SC586555 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 SC586555 core:Non-currentFinancialInstruments 2023-12-31 SC586555 core:Non-currentFinancialInstruments 2022-12-31 SC586555 bus:SmallEntities 2023-01-01 2023-12-31 SC586555 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC586555 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC586555 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC586555 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: SC586555
Knightbridge Property Holdings Limited
Filleted Unaudited Financial Statements
31 December 2023
Knightbridge Property Holdings Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Knightbridge Property Holdings Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Knightbridge Property Holdings Limited
Year ended 31 December 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 Knightbridge Property Holdings Limited for the year ended 31 December 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Knightbridge Property Holdings Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Knightbridge Property Holdings Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Knightbridge Property Holdings Limited and its director for our work or for this report.
It is your duty to ensure that Knightbridge Property Holdings 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 Knightbridge Property Holdings Limited. You consider that Knightbridge Property Holdings Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Knightbridge Property Holdings 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.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
31 January 2024
Knightbridge Property Holdings Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
4
35
351,072
Current assets
Debtors
5
349,830
Creditors: amounts falling due within one year
6
36
35
---------
----
Net current assets/(liabilities)
349,794
( 35)
---------
---------
Total assets less current liabilities
349,829
351,037
---------
---------
Capital and reserves
Called up share capital
40
40
Share premium account
350,997
350,997
Profit and loss account
( 1,208)
---------
---------
Shareholders funds
349,829
351,037
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 January 2024 , and are signed on behalf of the board by:
Mr R Townsley
Director
Company registration number: SC586555
Knightbridge Property Holdings Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2023
351,072
Disposals
( 351,037)
---------
At 31 December 2023
35
---------
Impairment
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
35
---------
At 31 December 2022
351,072
---------
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
349,830
---------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
36
35
----
----