Registered number
14222074
Knapp Homes Ltd
Filleted Accounts
31 March 2024
Knapp Homes Ltd
Company Information
Director
S P Knapp
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered number
14222074
Knapp Homes Ltd
Registered number: 14222074
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 423,600 -
Current assets
Debtors 4 1,200 77,175
Cash at bank and in hand 31,081 21,883
32,281 99,058
Net current assets 32,281 99,058
Total assets less current liabilities 455,881 99,058
Creditors: amounts falling due after more than one year 5 (365,772) (100,599)
Net assets/(liabilities) 90,109 (1,541)
Capital and reserves
Called up share capital 1 1
Revaluation reserve 6 105,000 -
Profit and loss account (14,892) (1,542)
Shareholder's funds 90,109 (1,541)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S P Knapp
Director
Approved by the board on 31 August 2024
Knapp Homes Ltd
Notes to the Accounts
for the period from 1 August 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Fixtures and fittings Total
£ £ £
Cost
Additions 315,000 4,498 319,498
Surplus on revaluation 105,000 - 105,000
At 31 March 2024 420,000 4,498 424,498
Depreciation
Charge for the period - 898 898
At 31 March 2024 - 898 898
Net book value
At 31 March 2024 420,000 3,600 423,600
4 Debtors 2024 2023
£ £
Other debtors 1,200 77,175
5 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loan 177,947 99,999
Mortgages 187,825 -
Other creditors - 600
365,772 100,599
6 Revaluation reserve 2024 2023
£ £
Gain on revaluation of land and buildings 105,000 -
At 31 March 2024 105,000 -
7 Controlling party
The company is controlled by the director.
8 Other information
Knapp Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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