Registration number:
Knock Hall Limited
for the Period from 15 September 2023 to 31 March 2024
Knock Hall Limited
(Registration number: NI701855)
Balance Sheet as at 31 March 2024
Note |
2024 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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|
|
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net assets |
|
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Capital and reserves |
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Called up share capital |
300 |
|
Share premium reserve |
607,900 |
|
Retained earnings |
(8,605) |
|
Shareholders' funds |
599,595 |
For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Knock Hall Limited
(Registration number: NI701855)
Balance Sheet as at 31 March 2024
Approved and authorised by the
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Knock Hall Limited
Notes to the Unaudited Financial Statements for the Period from 15 September 2023 to 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in N Ireland.
The address of its registered office is:
These financial statements were authorised for issue by the
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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.
Going concern
The financial statements have been prepared on a going concern basis.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Knock Hall Limited
Notes to the Unaudited Financial Statements for the Period from 15 September 2023 to 31 March 2024
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.
Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Investments |
2024 |
|
Investments in subsidiaries |
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Knock Hall Limited
Notes to the Unaudited Financial Statements for the Period from 15 September 2023 to 31 March 2024
Subsidiaries |
£ |
Cost or valuation |
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Additions |
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Provision |
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Carrying amount |
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At 31 March 2024 |
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On 28th November 2023 the Company acquired 100% of the Ordinary Share Capital of St James's Lodge Limited
Debtors |
Current |
Note |
2024 |
Amounts owed by related parties |
|
|
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Knock Hall Limited
Notes to the Unaudited Financial Statements for the Period from 15 September 2023 to 31 March 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
|
Due within one year |
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Loans and borrowings |
|
Share capital |
Allotted, called up and fully paid shares
2024 |
||
No. |
£ |
|
|
|
300 |
Loans and borrowings |
Non-current loans and borrowings
2024 |
|
Bank borrowings |
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Other borrowings |
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|
Current loans and borrowings
2024 |
|
Bank borrowings |
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Related party transactions |
At the year end the Company owed the directors £399,800. No interest was charged on the amount outstanding.
At the year end the Company was owed £3,847 from subsidiary company St James's Lodge Limited.