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REGISTERED NUMBER: 12684085 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Ryan Knight Developments Ltd

Ryan Knight Developments Ltd (Registered number: 12684085)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ryan Knight Developments Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs J Knight
R Knight





REGISTERED OFFICE: 6 Broomhill Park View
Hucknall
Nottinghamshire
NG15 7QQ





REGISTERED NUMBER: 12684085 (England and Wales)





ACCOUNTANTS: Smith Cookson
Chartered Accountants
4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT

Ryan Knight Developments Ltd (Registered number: 12684085)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,369 320,436
Investment property 5 497,296 -
500,665 320,436

CURRENT ASSETS
Debtors 6 15,541 15,798
Cash at bank 5,541 16,544
21,082 32,342
CREDITORS
Amounts falling due within one year 7 271,473 184,929
NET CURRENT LIABILITIES (250,391 ) (152,587 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,274

167,849

CREDITORS
Amounts falling due after more than one
year

8

(214,500

)

(214,500

)

PROVISIONS FOR LIABILITIES 9 (17,189 ) -
NET ASSETS/(LIABILITIES) 18,585 (46,651 )

RESERVES
Revaluation reserve 10 60,087 -
Retained earnings 10 (41,502 ) (46,651 )
18,585 (46,651 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Ryan Knight Developments Ltd (Registered number: 12684085)

Balance Sheet - continued
30 June 2024


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 25 October 2024 and were signed on its behalf by:





Mrs J Knight - Director


Ryan Knight Developments Ltd (Registered number: 12684085)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ryan Knight Developments Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Ryan Knight Developments Ltd (Registered number: 12684085)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 July 2023 316,013 6,531 322,544
Reclassification/transfer (316,013 ) - (316,013 )
At 30 June 2024 - 6,531 6,531
DEPRECIATION
At 1 July 2023 - 2,108 2,108
Charge for year - 1,054 1,054
At 30 June 2024 - 3,162 3,162
NET BOOK VALUE
At 30 June 2024 - 3,369 3,369
At 30 June 2023 316,013 4,423 320,436

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 104,239
Revaluations 77,044
Reclassification/transfer 316,013
At 30 June 2024 497,296
NET BOOK VALUE
At 30 June 2024 497,296

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 77,044
Cost 420,252
497,296

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 15,541 15,541
VAT - 257
15,541 15,798

Ryan Knight Developments Ltd (Registered number: 12684085)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 3,866 7,553
Directors' current accounts 266,287 177,376
Accruals and deferred income 1,320 -
271,473 184,929

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 214,500 214,500

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 17,189 -

Deferred
tax
£   
Accelerated capital allowances 232
Revaluation 16,957
Balance at 30 June 2024 17,189

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 (46,651 ) - (46,651 )
Profit for the year 65,236 65,236
Retained earnings (60,087 ) 60,087 -
At 30 June 2024 (41,502 ) 60,087 18,585