BrightAccountsProduction v1.0.0 v1.0.0 2022-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the business is that of developing building projects 29 July 2024 2 2 NI673644 2023-10-31 NI673644 2022-10-31 NI673644 2021-10-31 NI673644 2022-11-01 2023-10-31 NI673644 2021-11-01 2022-10-31 NI673644 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI673644 uk-curr:PoundSterling 2022-11-01 2023-10-31 NI673644 uk-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 NI673644 uk-bus:FullAccounts 2022-11-01 2023-10-31 NI673644 uk-bus:Director1 2022-11-01 2023-10-31 NI673644 uk-bus:Director2 2022-11-01 2023-10-31 NI673644 uk-bus:RegisteredOffice 2022-11-01 2023-10-31 NI673644 uk-bus:Agent1 2022-11-01 2023-10-31 NI673644 uk-core:ShareCapital 2023-10-31 NI673644 uk-core:ShareCapital 2022-10-31 NI673644 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI673644 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-10-31 NI673644 uk-bus:FRS102 2022-11-01 2023-10-31 NI673644 uk-core:WithinOneYear 2023-10-31 NI673644 uk-core:WithinOneYear 2022-10-31 NI673644 uk-core:ParentEntities 2022-11-01 2023-10-31 NI673644 2022-11-01 2023-10-31 NI673644 uk-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI673644
 
 
Knock Road Development Co Ltd
 
Unaudited Financial Statements
 
for the financial year ended 31 October 2023
Knock Road Development Co Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Damian Murray
Joseph Ogle
 
 
Company Registration Number NI673644
 
 
Registered Office and Business Address 36 Moor Road
Coalisland
Dungannon
Tyrone
BT71 4QB
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom



Knock Road Development Co Ltd
Company Registration Number: NI673644
STATEMENT OF FINANCIAL POSITION
as at 31 October 2023

2023 2022
Notes £ £
 
Current Assets
Receivables 4 - 109,500
Cash and cash equivalents 1 1
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1 109,501
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Payables: amounts falling due within one year 5 - (109,500)
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Net Current Assets 1 1
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Total Assets less Current Liabilities 1 1
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Equity
Called up share capital 1 1
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Equity attributable to owners of the company 1 1
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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 company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 29 July 2024 and signed on its behalf by
           
           
________________________________          
Damian Murray          
Director          
           
           
________________________________
Joseph Ogle
Director
           



Knock Road Development Co Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 October 2023

   
1. General Information
 
Knock Road Development Co Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI673644. The registered office of the company is 36 Moor Road, Coalisland, Dungannon, Tyrone, BT71 4QB which is also the principal place of business of the company. The principal activity of the business is that of developing building projects The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 October 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company does not operates a defined contribution pension scheme.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Directors 2 2
  ═════════ ═════════
       
4. Receivables 2023 2022
  £ £
 
Prepayments and accrued income - 109,500
  ═════════ ═════════
       
5. Payables 2023 2022
Amounts falling due within one year £ £
 
Amounts owed to group undertakings - 109,500
  ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2023.
       
7. Related party transactions
 
The company regards Geda Limited as its parent company.

As at 1st November 2022 Knock Road Development Co Ltd owed £109,500 to Geda Limited. During the financial year there was a net movement of £109,500. As at 31st October 2023 there was no balance owed between Knock Road Development Co Ltd and Geda Limited.
   
8. Parent company
 
The company regards Geda Limited as its parent company. The company‘s ultimate parent undertaking is Geda Limited. The address of Geda Limited is 36 Moor Road, Coalisland, Dungannon, BT71 4QB
 
   
9. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.