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Registered number: 09463290
















KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED


UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS


FOR THE PERIOD ENDED 31 AUGUST 2023

































KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED

 
COMPANY INFORMATION


DIRECTORS
N Criado-Perez 
T E R Kneen 




REGISTERED NUMBER
09463290



REGISTERED OFFICE
Unit 9 Dunchideock Barton
Dunchideock

Exeter

Devon

EX2 9UA






KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED


CONTENTS



Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Notes to the financial statements
4 - 7



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.

PRINCIPAL ACTIVITY

The principal activity of the Company is development and provision of accommodation.

DIRECTORS

The Directors who served during the year and until the date of signing were:

N Criado-Perez 
T E R Kneen 

SMALL COMPANIES NOTE

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.
 






N Criado-Perez
Director

Date: 30 August 2024

Unit 9 Dunchideock Barton
Dunchideock
Exeter
Devon
EX2 9UA

Page 1


KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED

 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 AUGUST 2023

2023
2022
Note
£
£

  

Administrative expenses
  
(9,735)
(9,296)

Operating loss
  
(9,735)
(9,296)

Interest receivable and similar income
  
89,663
51,061

Interest payable and similar expenses
  
(175,217)
(102,685)

Loss before tax
  
(95,289)
(60,920)

Loss for the financial year
  
(95,289)
(60,920)

There was no other comprehensive income for 2023 (2022:£NIL).

The notes on pages 4 to 7 form part of these financial statements.

Page 2


KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER:09463290

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
3
-

  
3
-

Current assets
  

Stocks
 5 
-
2,241,725

Debtors: amounts falling due within one year
 6 
3,109,980
832,357

Cash at bank and in hand
 7 
14,823
41,804

  
3,124,803
3,115,886

Creditors: amounts falling due within one year
 8 
(622,253)
(484,858)

Net current assets
  
 
 
2,502,550
 
 
2,631,028

Total assets less current liabilities
  
2,502,553
2,631,028

Creditors: amounts falling due after more than one year
 9 
(2,908,186)
(2,941,372)

  

Net liabilities
  
(405,633)
(310,344)


Capital and reserves
  

Called up share capital 
  
200,002
200,002

Profit and loss account
  
(605,635)
(510,346)

  
(405,633)
(310,344)


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: 


N Criado-Perez
Director
Date: 30 August 2024

The notes on pages 4 to 7 form part of these financial statements.
Page 3


KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED

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

1.


GENERAL INFORMATION

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

 
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 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:

 
2.2

GOING CONCERN

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.

 
2.3

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

FINANCE COSTS

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.

 
2.5

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

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.

 
2.7

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.

 
2.8

CREDITORS

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


KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED

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

3.


EMPLOYEES

The average monthly number of employees, including Directors, during the period was 0 (2022:0).






4.


FIXED ASSET INVESTMENTS





Investments in Subsidiaries

£





At 1 September 2022
-


Additions

3






NET BOOK VALUE



At 31 August 2023
3

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.

Page 5


KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED

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

5.


STOCKS

2023
2022
£
£

Long-term contract balances
-
2,241,725


Long-term contract balances consist of costs to date less provision for losses. 


6.


DEBTORS

2023
2022
£
£


Amounts owed by group undertakings
3,109,979
831,802

Other debtors
1
2

Tax recoverable
-
553

3,109,980
832,357



7.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
14,823
41,804



8.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
46,108
46,000

Trade creditors
4,159
-

Other taxation and social security
96,972
-

Other creditors
1,109
1,110

Accruals and deferred income
473,905
437,748

622,253
484,858


Page 6


KNIGHTSBRIDGE PROPERTY HOLDINGS LIMITED

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

9.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
1,637,076
2,647,822

Amounts owed to group undertakings
1,271,110
293,550

2,908,186
2,941,372



10.


LOANS


Analysis of the maturity of loans is given below:


2023
2022
£
£

AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans
46,108
46,000


AMOUNTS FALLING DUE 2-5 YEARS

Bank loans
1,623,825
2,647,822

AMOUNTS FALLING DUE AFTER MORE THAN 5 YEARS

Bank loans
13,251
-

1,683,184
2,693,822



11.


CONTROLLING PARTY

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