Knight Rentals Limited 00586758 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 Software true 00586758 2023-01-01 2023-12-31 00586758 2023-12-31 00586758 core:CapitalRedemptionReserve 2023-12-31 00586758 core:OtherReservesSubtotal 2023-12-31 00586758 core:RetainedEarningsAccumulatedLosses 2023-12-31 00586758 core:ShareCapital 2023-12-31 00586758 core:CurrentFinancialInstruments 2023-12-31 00586758 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 00586758 core:LandBuildings 2023-12-31 00586758 bus:SmallEntities 2023-01-01 2023-12-31 00586758 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 00586758 bus:FullAccounts 2023-01-01 2023-12-31 00586758 bus:RegisteredOffice 2023-01-01 2023-12-31 00586758 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 00586758 bus:Director2 2023-01-01 2023-12-31 00586758 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00586758 bus:Agent1 2023-01-01 2023-12-31 00586758 countries:AllCountries 2023-01-01 2023-12-31 00586758 2022-12-31 00586758 core:LandBuildings 2022-12-31 00586758 2022-01-01 2022-12-31 00586758 2022-12-31 00586758 core:CapitalRedemptionReserve 2022-12-31 00586758 core:OtherReservesSubtotal 2022-12-31 00586758 core:RetainedEarningsAccumulatedLosses 2022-12-31 00586758 core:ShareCapital 2022-12-31 00586758 core:CurrentFinancialInstruments 2022-12-31 00586758 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 00586758 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 00586758

Knight Rentals Limited

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 December 2023

 

Knight Rentals Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 6

 

Knight Rentals Limited

Company Information

Directors

Mr M A Guthrie FCA

Mrs A C Sperling

Company secretary

Mr M A Guthrie FCA

Registered office

Willow Tree
21 High Street
Lindfield
West Sussex
RH16 2HJ

 

Bankers

Barclays Bank plc
9 The Bulwark
Brecon
Powys
LD3 7AF

Accountants

W J James & Co
Chartered Accountants
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Knight Rentals Limited

(Registration number: 00586758)

Balance Sheet
as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

225,000

225,000

Current assets

 

Debtors

5

67

59

Cash at bank and in hand

 

175,748

159,109

 

175,815

159,168

Creditors: Amounts falling due within one year

6

(15,119)

(11,815)

Net current assets

 

160,696

147,353

Total assets less current liabilities

 

385,696

372,353

Provisions for liabilities

(25,309)

(25,309)

Net assets

 

360,387

347,044

Capital and reserves

 

Called up share capital

40,000

40,000

Capital redemption reserve

20,000

20,000

Other reserves

174,744

174,744

Profit and loss account

125,643

112,300

Total equity

 

360,387

347,044

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Knight Rentals Limited

(Registration number: 00586758)

Balance Sheet
as at 31 December 2023

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 

.........................................

Mr M A Guthrie FCA

Company secretary and director

 

Knight Rentals Limited

Notes to the Financial Statements
for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Willow Tree
21 High Street
Lindfield
West Sussex
RH16 2HJ
UK

These financial statements were authorised for issue by the Board on 29 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

 

Knight Rentals Limited

Notes to the Financial Statements
for the Year Ended 31 December 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2023

225,000

225,000

At 31 December 2023

225,000

225,000

Depreciation

Carrying amount

At 31 December 2023

225,000

225,000

At 31 December 2022

225,000

225,000

Included within the net book value of land and buildings above is £225,000 (2022 - £225,000) in respect of freehold land and buildings.
 

5

Debtors

2023
£

2022
£

Trade debtors

67

59

67

59

 

Knight Rentals Limited

Notes to the Financial Statements
for the Year Ended 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

976

995

Accruals and deferred income

11,438

9,635

Other creditors

2,705

1,185

15,119

11,815