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REGISTERED NUMBER: 04500503 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

YORK CITY KNIGHTS LIMITED

YORK CITY KNIGHTS LIMITED (REGISTERED NUMBER: 04500503)

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


YORK CITY KNIGHTS LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2023







DIRECTORS: Mr C R Goodchild
Mr N Gulliver





REGISTERED OFFICE: Equinox House
Clifton Park Avenue
York
YO30 5PA





REGISTERED NUMBER: 04500503 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

YORK CITY KNIGHTS LIMITED (REGISTERED NUMBER: 04500503)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 60,888 63,497
60,888 63,497

CURRENT ASSETS
Stocks 57,157 33,161
Debtors 6 1,162,990 167,446
Cash at bank and in hand 11,770 144,443
1,231,917 345,050
CREDITORS
Amounts falling due within one year 7 517,588 338,628
NET CURRENT ASSETS 714,329 6,422
TOTAL ASSETS LESS CURRENT LIABILITIES 775,217 69,919

CREDITORS
Amounts falling due after more than
one year

8

1,355,594

270,515
NET LIABILITIES (580,377 ) (200,596 )

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,000
Retained earnings 11 (590,377 ) (210,596 )
SHAREHOLDERS' FUNDS (580,377 ) (200,596 )

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.

YORK CITY KNIGHTS LIMITED (REGISTERED NUMBER: 04500503)

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 29 August 2024 and were signed on its behalf by:





Mr C R Goodchild - Director


YORK CITY KNIGHTS LIMITED (REGISTERED NUMBER: 04500503)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023


1. STATUTORY INFORMATION

York City Knights 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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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

Intangible assets
Computer software has been amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Plant and machinery - 33% on cost and 10% on cost

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.

YORK CITY KNIGHTS LIMITED (REGISTERED NUMBER: 04500503)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing thefinancial statements

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 7,000
AMORTISATION
At 1 December 2022
and 30 November 2023 7,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

YORK CITY KNIGHTS LIMITED (REGISTERED NUMBER: 04500503)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 33,701 40,737 74,438
Additions - 4,566 4,566
At 30 November 2023 33,701 45,303 79,004
DEPRECIATION
At 1 December 2022 1,071 9,870 10,941
Charge for year 674 6,501 7,175
At 30 November 2023 1,745 16,371 18,116
NET BOOK VALUE
At 30 November 2023 31,956 28,932 60,888
At 30 November 2022 32,630 30,867 63,497

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 990,671 99,131
Other debtors 87,319 68,315
1,077,990 167,446

Amounts falling due after more than one year:
Other debtors 85,000 -

Aggregate amounts 1,162,990 167,446

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 54,147 18,925
Trade creditors 356,581 105,353
Taxation and social security 50,000 74,578
Other creditors 56,860 139,772
517,588 338,628

YORK CITY KNIGHTS LIMITED (REGISTERED NUMBER: 04500503)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 215,796 249,515
Trade creditors 9,000 21,000
Amounts owed to group undertakings 810,798 -
Other creditors 320,000 -
1,355,594 270,515

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
In more than five years 1,375,000 1,375,000

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary 1 10,000 10,000

11. RESERVES
Retained
earnings
£   

At 1 December 2022 (210,596 )
Deficit for the year (379,781 )
At 30 November 2023 (590,377 )

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the reporting date, the balance due from the Directors was NIL (2022: £2,250).

13. RELATED PARTY DISCLOSURES

Included in other debtors is amounts due to the company included at £ Nil (2022: £11,385) due from York City Knights LLC & MYOL Capital LLC.

Included in other creditors is amounts due from the company of £810,798 (2022: NIL) due to York City Knights LLC