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REGISTERED NUMBER: 06898471 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PORTS OF KNIGHTSBRIDGE LIMITED

PORTS OF KNIGHTSBRIDGE LIMITED (REGISTERED NUMBER: 06898471)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PORTS OF KNIGHTSBRIDGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: L Keqin
L S Pow





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 06898471 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

PORTS OF KNIGHTSBRIDGE LIMITED (REGISTERED NUMBER: 06898471)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,074,070 1,310,981

CURRENT ASSETS
Stocks 5 388,156 403,624
Debtors 6 1,609,191 1,535,694
Cash at bank and in hand 276,239 293,083
2,273,586 2,232,401
CREDITORS
Amounts falling due within one year 7 12,891,220 12,012,474
NET CURRENT LIABILITIES (10,617,634 ) (9,780,073 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,543,564

)

(8,469,092

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (9,543,565 ) (8,469,093 )
SHAREHOLDERS' FUNDS (9,543,564 ) (8,469,092 )

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 directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:




L Keqin - Director


PORTS OF KNIGHTSBRIDGE LIMITED (REGISTERED NUMBER: 06898471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Ports of Knightsbridge 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TURNOVER
Turnover is recognised as the fair value of the consideration received or receivable for goods and
services provided from retail sale of clothing in specialised stores and is shown net of VAT and other
sales related taxes. The fair value of consideration takes into account trade discounts, settlement
discounts and volume rebates.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Fixtures and fittings - 20% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PORTS OF KNIGHTSBRIDGE LIMITED (REGISTERED NUMBER: 06898471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the
financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£ £ £
COST
At 1 January 2023
and 31 December 2023 4,416,879 270,241 4,687,120
DEPRECIATION
At 1 January 2023 3,186,235 189,904 3,376,139
Charge for year 220,844 16,067 236,911
At 31 December 2023 3,407,079 205,971 3,613,050
NET BOOK VALUE
At 31 December 2023 1,009,800 64,270 1,074,070
At 31 December 2022 1,230,644 80,337 1,310,981

5. STOCKS
2023 2022
as restated
£ £
Stocks 388,156 403,624

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Trade debtors 1,011,431 776,441
Other debtors 597,760 759,253
1,609,191 1,535,694

PORTS OF KNIGHTSBRIDGE LIMITED (REGISTERED NUMBER: 06898471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Trade creditors 6,047,871 4,365,334
Amounts owed to group undertakings 4,956,699 101,103
Taxation and social security 45,561 52,443
Other creditors 1,841,089 7,493,594
12,891,220 12,012,474

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£ £
1 Ordinary 1 1 1