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REGISTERED NUMBER: 03751580 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

A & E McKnight Limited

A & E McKnight Limited (Registered number: 03751580)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & E McKnight Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A A McKnight
Mrs E S McKnight





SECRETARY: A A McKnight





REGISTERED OFFICE: 4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF





REGISTERED NUMBER: 03751580 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

A & E McKnight Limited (Registered number: 03751580)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 961,794 962,093

CURRENT ASSETS
Debtors 5 2,537 1,876
Cash at bank 143,840 108,486
146,377 110,362
CREDITORS
Amounts falling due within one year 6 127,041 120,943
NET CURRENT ASSETS/(LIABILITIES) 19,336 (10,581 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

981,130

951,512

PROVISIONS FOR LIABILITIES 155,482 155,482
NET ASSETS 825,648 796,030

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 466,443 466,443
Retained earnings 359,203 329,585
825,648 796,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

A & E McKnight Limited (Registered number: 03751580)

Balance Sheet - continued
30 April 2024


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 30 August 2024 and were signed on its behalf by:





A A McKnight - Director


A & E McKnight Limited (Registered number: 03751580)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

A & E McKnight 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents rents receivable.

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 - 10% on cost

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Investment and
properties fittings Totals
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 960,000 8,625 968,625
DEPRECIATION
At 1 May 2023 - 6,532 6,532
Charge for year - 299 299
At 30 April 2024 - 6,831 6,831
NET BOOK VALUE
At 30 April 2024 960,000 1,794 961,794
At 30 April 2023 960,000 2,093 962,093

A & E McKnight Limited (Registered number: 03751580)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

The directors are of the opinion that the carrying value of the investment properties (£960,000) is a reasonable estimate of the current market value at the balance sheet date, when taking into account the prevailing market conditions.

Cost or valuation at 30 April 2024 is represented by:

Investment
properties
£   
Valuation in 2007 174,856
Valuation in 2020 291,036
Valuation in 2022 36,036
Valuation in 2023 120,000
621,928

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTIES

'COST' ACCOUNT TOTAL
Cost/valuation b/f 960,000
960,000

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 8,625
8,625

CLIENT SCREEN TOTAL = -


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 828 795
Other debtors 1,709 1,081
2,537 1,876

A & E McKnight Limited (Registered number: 03751580)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 342 95
Taxation and social security 7,017 1,166
Other creditors 119,682 119,682
127,041 120,943

7. RESERVES
Fair
value
reserve
£   
At 1 May 2023
and 30 April 2024 466,443

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the following amounts to the directors:

E S McKnight - £60,838 (2023 - £60,838)
A A McKnight - £56,185 (2023 - £56,185)

The balances are unsecured, interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.