Knights Foods Limited 03564732 mixed farming false 1 July 2022 03564732 2022-07-01 2023-06-30 03564732 2022-06-30 03564732 2023-06-30 03564732 2021-07-01 2022-06-30 03564732 2021-06-30 03564732 2022-06-30 03564732 frs102-bus:FRS102 2022-07-01 2023-06-30 03564732 frs102-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 03564732 frs102-bus:FullAccounts 2022-07-01 2023-06-30 03564732 frs102-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 03564732 frs102-core:CurrentFinancialInstruments 2023-06-30 03564732 frs102-core:CurrentFinancialInstruments 2022-06-30 03564732 frs102-core:Non-currentFinancialInstruments 2023-06-30 03564732 frs102-core:Non-currentFinancialInstruments 2022-06-30 03564732 frs102-core:ShareCapital 2023-06-30 03564732 frs102-core:ShareCapital 2022-06-30 03564732 frs102-core:RevaluationReserve 2023-06-30 03564732 frs102-core:RevaluationReserve 2022-06-30 03564732 frs102-core:OtherReservesSubtotal 2023-06-30 03564732 frs102-core:OtherReservesSubtotal 2022-06-30 03564732 frs102-core:RetainedEarningsAccumulatedLosses 2023-06-30 03564732 frs102-core:RetainedEarningsAccumulatedLosses 2022-06-30 03564732 frs102-bus:Director1 2022-07-01 2023-06-30 03564732 frs102-core:OfficeEquipment 2022-07-01 2023-06-30 03564732 frs102-core:Vehicles 2022-07-01 2023-06-30 03564732 frs102-core:PlantMachinery 2022-07-01 2023-06-30 03564732 frs102-core:LandBuildings 2022-06-30 03564732 frs102-core:OfficeEquipment 2022-06-30 03564732 frs102-core:OtherPropertyPlantEquipment 2022-06-30 03564732 frs102-core:Vehicles 2022-06-30 03564732 frs102-core:PlantMachinery 2022-06-30 03564732 frs102-core:LandBuildings 2022-07-01 2023-06-30 03564732 frs102-core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 03564732 frs102-core:LandBuildings 2023-06-30 03564732 frs102-core:OfficeEquipment 2023-06-30 03564732 frs102-core:OtherPropertyPlantEquipment 2023-06-30 03564732 frs102-core:Vehicles 2023-06-30 03564732 frs102-core:PlantMachinery 2023-06-30 03564732 frs102-core:LandBuildings 2022-06-30 03564732 frs102-core:OfficeEquipment 2022-06-30 03564732 frs102-core:OtherPropertyPlantEquipment 2022-06-30 03564732 frs102-core:Vehicles 2022-06-30 03564732 frs102-core:PlantMachinery 2022-06-30 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
03564732
Knights Foods Limited
Unaudited Accounts
for the year ended
30 June 2023

Knights Foods Limited
Statement of Comprehensive Income
for the year ended 30 June 2023

2023
£
2022
£
Profit (loss) after taxation 1,216,371 (132,018)
Comprehensive income (expense) attributable to owners of parent (332,507) 0
Total comprehensive income 883,864 (132,018)

Knights Foods Limited
Balance Sheet
as at 30 June 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 4 2,984,267 3,939,673
Investments 600,000 600,000
3,584,267 4,539,673
Current assets
Debtors 149,323 9,995
Cash at bank and in hand 45,781 167
195,104 10,162
Creditors: amounts falling due within one year (269,826) (156,594)
Net current assets / (liabilities) (74,722) (146,432)
Total assets less current liabilities 3,509,545 4,393,241
Creditors: amounts falling due after more than one year 5 (3,163,010) (3,899,538)
Provisions for liabilities (137,000) (137,000)
Total net assets (liabilities) 209,535 356,703
Capital and reserves
Called up share capital 390,260 390,260
Revaluation reserve 0 1,031,032
Other reserves 1,888,163 1,888,163
Profit and loss account (2,068,888) (2,952,752)
Shareholders' funds 209,535 356,703

Knights Foods Limited
Balance Sheet
as at 30 June 2023



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

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 30 June 2023 the company was entitled to exemption 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.

Signed on behalf of the board of directors

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

Mr P Knights

Director


Approved by the board on 2 September 2024

Company Number: 03564732 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

7 The Close
Norwich
Norfolk
NR1 4DJ
England

Knights Foods Limited
Notes to the Accounts
for the year ended 30 June 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Office equipment 25% Reducing Balance
Vehicles 25% Reducing Balance
Plant & machinery 15% Straight Line
2. Taxation
2023 2022
£ £
UK Corporation Tax 138,423 0
Tax on profit/(loss) on ordinary activities 138,423 0

3. Employees
2023 2022
Average number of employees during the period 2 2

Other employment information

There were 2 employees in the year ending 30.06.2023


4. Tangible fixed assets
Land & buildings Office equipment Other Vehicles Plant & machinery Total
Cost or valuation £ £ £ £ £ £
At 1 July 2022 3,907,418 1,978 0 32,000 55,671 3,997,067
Additions 0 0 398,318 33,000 0 431,318
Disposals (2,400,000) (0) (0) (0) (0) (2,400,000)
Revaluations 1,031,032 0 0 0 0 1,031,032
At 30 June 2023 2,538,450 1,978 398,318 65,000 55,671 3,059,417
Depreciation
At 1 July 2022 0 1,645 0 27,714 28,035 57,394
Charge for the period 0 83 0 9,322 8,351 17,756
At 30 June 2023 0 1,728 0 37,036 36,386 75,150
Net book value
At 30 June 2023 2,538,450 250 398,318 27,964 19,285 2,984,267
At 30 June 2022 3,907,418 333 0 4,286 27,636 3,939,673

5. Creditors: amounts falling due after one year
2023 2022
£ £
Bank Loans & overdrafts 50,000 779,905
Amounts owed to group undertakings and undertakings in which the company has a participating interest 713,637 720,260
Other 2,399,373 2,399,373
3,163,010 3,899,538

6. Related party disclosures

Controlling party
At 30th June 2023 £713,637 was owed to Knights Farms, a group company
At 30th June 2023 £1,464,165 was owed to Watton Produce Ltd, a company under the ultimate control of PW Knights
At 30 June 2023, £935,208 was due to Gooderstone Property Development Company
Limited. P W Knights is a shareholder and director of Gooderstone Property Development
Company Limited.