Acorah Software Products - Accounts Production 15.0.600 false true true false 14 March 2023 31 March 2024 31 March 2024 14729666 Christopher Stephens Clare Stephens Christopher Stephens iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14729666 2023-03-13 14729666 2024-03-31 14729666 2023-03-14 2024-03-31 14729666 frs-core:CurrentFinancialInstruments 2024-03-31 14729666 frs-core:ShareCapital 2024-03-31 14729666 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14729666 frs-bus:PrivateLimitedCompanyLtd 2023-03-14 2024-03-31 14729666 frs-bus:FilletedAccounts 2023-03-14 2024-03-31 14729666 frs-bus:SmallEntities 2023-03-14 2024-03-31 14729666 frs-bus:AuditExemptWithAccountantsReport 2023-03-14 2024-03-31 14729666 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-14 2024-03-31 14729666 frs-bus:OrdinaryShareClass1 2023-03-14 2024-03-31 14729666 frs-bus:OrdinaryShareClass1 2024-03-31 14729666 frs-core:CostValuation 2023-03-13 14729666 frs-core:AdditionsToInvestments 2024-03-31 14729666 frs-core:CostValuation 2024-03-31 14729666 frs-core:ProvisionsForImpairmentInvestments 2023-03-13 14729666 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 14729666 frs-bus:Director1 2023-03-14 2024-03-31 14729666 frs-bus:Director2 2023-03-14 2024-03-31 14729666 frs-bus:CompanySecretary1 2023-03-14 2024-03-31 14729666 frs-countries:EnglandWales 2023-03-14 2024-03-31
Registered number: 14729666
Knightswood Capital No.2 Limited
Unaudited Financial Statements
For the Period 14 March 2023 to 31 March 2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Unaudited Financial Statements
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Christopher Stephens
Clare Stephens
Secretary Christopher Stephens
Company Number 14729666
Registered Office 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Page 1
Page 2
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Knightswood Capital No.2 Limited For the Period 14 March 2023 to 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Knightswood Capital No.2 Limited For the Period 14 March 2023 to 31 March 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Knightswood Capital No.2 Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Knightswood Capital No.2 Limited and state those matters that we have agreed to state to the directors of Knightswood Capital No.2 Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Knightswood Capital No.2 Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Knightswood Capital No.2 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Knightswood Capital No.2 Limited . You consider that Knightswood Capital No.2 Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Knightswood Capital No.2 Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
04/09/2024
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
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Page 3
Statement of Financial Position
Registered number: 14729666
31 March 2024
Notes £ £
FIXED ASSETS
Investments 3 100
100
CURRENT ASSETS
Debtors 4 13,012
Cash at bank and in hand 21
13,033
Creditors: Amounts Falling Due Within One Year 5 (14,760 )
NET CURRENT ASSETS (LIABILITIES) (1,727 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,627 )
NET LIABILITIES (1,627 )
CAPITAL AND RESERVES
Called up share capital 6 20
Income Statement (1,647 )
SHAREHOLDERS' FUNDS (1,627)
Page 3
Page 4
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Christopher Stephens
Director
04/09/2024
The notes on pages 5 to 7 form part of these financial statements.
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Page 5
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2. Going Concern Disclosure
The company has full support from its Directors and therefore is deemed a going concern.
1.3. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
2
Page 5
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3. Investments
Subsidiaries
£
Cost
As at 14 March 2023 -
Additions 100
As at 31 March 2024 100
Provision
As at 14 March 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 100
As at 14 March 2023 -
4. Debtors
31 March 2024
£
Due within one year
Other debtors 20
Amounts owed by group undertakings 12,992
13,012
5. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other creditors 13,320
Accruals and deferred income 1,440
14,760
Page 6
Page 7
6. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 20
Value Number 31 March 2024
Allotted, called up and fully paid £ £
Ordinary Shares 1.00 20 20
7. Related Party Transactions
At the year end £13,320 was owed to Knightswood Capital Limited, a company in which both Christopher Stephens and Clare Stephens are directors. The balance is included within other creditors. 
8. General Information
Knightswood Capital No.2 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14729666 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
Page 7