Company registration number 11771250 (England and Wales)
KNC PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
KNC PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
1,303,354
1,303,354
Current assets
18,930
28,785
Creditors: amounts falling due within one year
(556,052)
(565,827)
Net current liabilities
(537,122)
(537,042)
Total assets less current liabilities
766,232
766,312
Creditors: amounts falling due after more than one year
(766,011)
(766,011)
Net assets
221
301
Capital and reserves
221
301
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
Included in creditors at year end is an amount of £539,886 (2023: £554,663) jointly due to the directors. No interest was charged on this loan.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
2
2
3
Security
The company had bank loans and overdrafts totalling £766,011 (2023: £766,011) which are secured by way of a fixed and floating charge over the assets of the company. The directors have also provided a personal guarantee in respect of this loan. Additionally, there is a floating charge in favour of directors.
KNC Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lynwood House, 373-375 Station Road, Harrow, Middlesex, HA1 2AW.
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
KNC PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2024
31 January 2024
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 3 April 2024 and are signed on its behalf by:
Mr K B Da Costa
Director
Company registration number 11771250 (England and Wales)