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REGISTERED NUMBER: 13002228 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Knightswood Investments Limited

Knightswood Investments Limited (Registered number: 13002228)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knightswood Investments Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr S M Raza
Mr A R Sheikh





REGISTERED OFFICE: Reedham House
31 King Street West
Manchester
M3 2PJ





REGISTERED NUMBER: 13002228 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Knightswood Investments Limited (Registered number: 13002228)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,267 1,689
Investment property 5 470,000 444,375
471,267 446,064

CURRENT ASSETS
Stocks 6 140,485 79,415
Debtors 7 133,285 48,108
Cash at bank 53,618 191,348
327,388 318,871
CREDITORS
Amounts falling due within one year 8 483,356 485,671
NET CURRENT LIABILITIES (155,968 ) (166,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,299

279,264

CREDITORS
Amounts falling due after more than one
year

9

(287,488

)

(284,371

)

PROVISIONS FOR LIABILITIES (6,406 ) -
NET ASSETS/(LIABILITIES) 21,405 (5,107 )

CAPITAL AND RESERVES
Called up share capital 3 3
Non-Distributable reserves 10 19,219 -
Retained earnings 2,183 (5,110 )
21,405 (5,107 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

Knightswood Investments Limited (Registered number: 13002228)

Balance Sheet - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mr A R Sheikh - Director


Knightswood Investments Limited (Registered number: 13002228)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Knightswood Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company's financial statements for the year ended 30 November 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Knightswood Investments Limited (Registered number: 13002228)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022
and 30 November 2023 1,923
DEPRECIATION
At 1 December 2022 234
Charge for year 422
At 30 November 2023 656
NET BOOK VALUE
At 30 November 2023 1,267
At 30 November 2022 1,689

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 444,375
Revaluations 25,625
At 30 November 2023 470,000
NET BOOK VALUE
At 30 November 2023 470,000
At 30 November 2022 444,375

The directors consider that the market value of the investment property is not materially different to the amount shown in the financial statements at 30 November 2023.

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 25,625
Cost 444,375
470,000

If Investment Property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 444,375 444,375

Knightswood Investments Limited (Registered number: 13002228)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. STOCKS
2023 2022
£    £   
Stocks 140,485 79,415

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 133,285 48,108

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,733 11,849
Taxation and social security 778 -
Other creditors 473,845 473,822
483,356 485,671

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 287,488 284,371

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 252,556 236,976

10. RESERVES
Non-Distribu
reserves
£   
Revaluation 19,219

At 30 November 2023 19,219

11. RELATED PARTY DISCLOSURES

Included within other creditors are amounts owing to directors totalling £254,885 (2022: £354,885) and to shareholders totalling £454,882 (2022: £454,882). No interest is chargeable to the company on this balance.