IRIS Accounts Production v24.2.0.383 13633622 director 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh136336222022-12-31136336222023-12-31136336222023-01-012023-12-31136336222021-09-20136336222021-09-212022-12-31136336222022-12-3113633622ns15:EnglandWales2023-01-012023-12-3113633622ns14:PoundSterling2023-01-012023-12-3113633622ns10:Director12023-01-012023-12-3113633622ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113633622ns10:SmallEntities2023-01-012023-12-3113633622ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113633622ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113633622ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113633622ns10:FullAccounts2023-01-012023-12-3113633622ns10:RegisteredOffice2023-01-012023-12-3113633622ns5:CurrentFinancialInstruments2023-12-3113633622ns5:CurrentFinancialInstruments2022-12-3113633622ns5:Non-currentFinancialInstruments2023-12-3113633622ns5:Non-currentFinancialInstruments2022-12-3113633622ns5:ShareCapital2023-12-3113633622ns5:ShareCapital2022-12-3113633622ns5:RetainedEarningsAccumulatedLosses2023-12-3113633622ns5:RetainedEarningsAccumulatedLosses2022-12-3113633622ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3113633622ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3113633622ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3113633622ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-3113633622ns5:Secured2023-12-3113633622ns5:Secured2022-12-31
REGISTERED NUMBER: 13633622 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2023

for

Knibb Gormezano Investments Limited

Knibb Gormezano Investments Limited (Registered number: 13633622)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Knibb Gormezano Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Woodrow





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 13633622 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Knibb Gormezano Investments Limited (Registered number: 13633622)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 358,591 358,591

CURRENT ASSETS
Debtors 5 496 5,926
Cash at bank 6,575 1,844
7,071 7,770
CREDITORS
Amounts falling due within one year 6 188,695 167,633
NET CURRENT LIABILITIES (181,624 ) (159,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,967

198,728

CREDITORS
Amounts falling due after more than one
year

7

204,750

204,750
NET LIABILITIES (27,783 ) (6,022 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (27,784 ) (6,023 )
(27,783 ) (6,022 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Knibb Gormezano Investments Limited (Registered number: 13633622)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





A Woodrow - Director


Knibb Gormezano Investments Limited (Registered number: 13633622)

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

1. STATUTORY INFORMATION

Knibb Gormezano Investments 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.

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 rent receivable from properties. Turnover is recognised in the period to which the rents relate.

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value are recognised in profit and loss then transferred to a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 358,591
NET BOOK VALUE
At 31 December 2023 358,591
At 31 December 2022 358,591

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 358,591

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 358,591 358,591
Aggregate depreciation (14,364 ) (7,182 )

Investment property was valued on a fair value basis on 31 December 2023 by the director .

Knibb Gormezano Investments Limited (Registered number: 13633622)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Director's current account - 5,926
Prepayments 496 -
496 5,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 -
Amounts owed to related party 186,765 165,953
Accruals and deferred income 1,929 1,680
188,695 167,633

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 204,750 204,750

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 204,750 204,750

The loan is secured against the property.