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Registered number: 01742529










KNIGHTS VALLEY HOTELS LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023



 
KNIGHTS VALLEY HOTELS LIMITED
REGISTERED NUMBER: 01742529

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December 2023
30 December 2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
187,471
180,000

Cash at bank and in hand
 5 
-
7,651

  
187,471
187,651

Total assets less current liabilities
  
 
 
187,471
 
 
187,651

  

Net assets
  
187,471
187,651


Capital and reserves
  

Called up share capital 
 6 
175,000
175,000

Profit and loss account
  
12,471
12,651

  
187,471
187,651


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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A G McKenzie
Director

Date: 15 August 2024

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KNIGHTS VALLEY HOTELS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Knights Valley Hotels Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales. The address of the Company’s registered office is Buckingham House, West Street, Newbury, Berkshire, RG14 1BE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company has made a loss during the year. 
The parent company Stockford Limited has agreed to provide support and has confirmed to the Company that it will make available sufficient financial resources as required to enable the Company to meet its short term liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements.
In conclusion the directors consider that the Company will have adequate cash and other liquid resources to meet its commitments, and therefore the financial statements are appropriately prepared on a going concern basis.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


3.


Employees




The average monthly number of employees, including directors, during the period was 3 (2022 - 3).

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KNIGHTS VALLEY HOTELS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Debtors

31 December 2023
30 December 2022
£
£

Amounts owed by group undertakings
187,471
180,000


Amounts owed by group undertakings are non interest bearing and repayable on demand. 


5.


Cash and cash equivalents

31 December 2023
30 December 2022
£
£

Cash at bank and in hand
-
7,651



6.


Share capital

31 
December 2023
30 December 2022
£
£
Allotted, called up and fully paid



175,000 (2022 - 175,000) Ordinary shares of £1.00 each
175,000
175,000



7.


Related party transactions

The Company is exempt from disclosing related party transactions with other 100% owned members of the Group headed by Stockford Limited by virtue of FRS 102 section 33.1A.


8.


Controlling party

The Company considers Stockford Limited, a company incorporated in England and Wales, to be its ultimate parent company throughout the current and previous year. Stockford Limited is the parent of both the largest and smallest groups in which the results of the company are consolidated.  Copies of the group financial statements for Stockford Limited are available from its registered office: Buckingham House, West Street, Newbury, Berkshire, RG14 1BE.


9.


Auditor's information

The auditor's report on the financial statements for the period ended 31 December 2023 was unqualified.

The audit report was signed on 21 August 2024 by Jonathan Baillie BA (Hons) ACA FCCA (Senior statutory auditor) on behalf of James Cowper Kreston Audit.


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