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Registered number: 09463290
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
COMPANY INFORMATION
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Unit 9 Dunchideock Barton
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
CONTENTS
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Statement of comprehensive income
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Statement of financial position
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Notes to the financial statements
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 AUGUST 2023
The Directors present their report and the financial statements for the year ended 31 August 2023. The prior period comparatives cover the year ended 31 August 2022.
The principal activity of the Company is development and provision of accommodation.
The Directors who served during the year and until the date of signing were:
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the Board and signed on its behalf.
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Unit 9 Dunchideock Barton
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Page 1
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 AUGUST 2023
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Interest receivable and similar income
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Interest payable and similar expenses
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Loss for the financial year
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There was no other comprehensive income for 2023 (2022:£NIL).
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The notes on pages 4 to 7 form part of these financial statements.
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Page 2
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER:09463290
STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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 were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 4 to 7 form part of these financial statements.
Page 3
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
Knightsbridge Property Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09463290 and registered office address is Unit 9 Dunchideock Barton, Dunchideock, Exeter, EX2 9UA. The principal activity of the Company is the development and provision of accomodation.
2.ACCOUNTING POLICIES
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BASIS OF PREPARATION OF FINANCIAL STATEMENTS
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and 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 following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis. The Company supplements its day to day working capital requirements through loans from the shareholders, who have committed to support the Company for the foreseeable future. On this basis the Directors consider it appropriate to prepare the financial statements on a going concern basis.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
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.
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CASH AND CASH EQUIVALENTS
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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.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 4
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
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The average monthly number of employees, including Directors, during the period was 0 (2022:0).
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Investments in Subsidiaries
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The Company holds investments in EPD Cornwall Street Ltd and EPD Cornwall Street 2 Ltd, both of which are 100% subsidiaries, with a registered address of Unit 9 Dunchideock Barton, Dunchideock, Exeter, England, EX2 9UA. The principal activity of both entities is the development and provision of accommodation.
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Page 5
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
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Long-term contract balances
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Long-term contract balances consist of costs to date less provision for losses.
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Amounts owed by group undertakings
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CASH AND CASH EQUIVALENTS
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Other taxation and social security
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Accruals and deferred income
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Page 6
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KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
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Amounts owed to group undertakings
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Analysis of the maturity of loans is given below:
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AMOUNTS FALLING DUE WITHIN ONE YEAR
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AMOUNTS FALLING DUE 2-5 YEARS
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AMOUNTS FALLING DUE AFTER MORE THAN 5 YEARS
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The immediate parents to the Company are Ethical Project Developments Limited and ETW Solar (HK) Limited, who both hold 50% of the Company's share capital. There is no ultimate controlling party.
Page 7
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