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REGISTERED NUMBER: 04925459 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

KNOWL HILL LIMITED

KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNOWL HILL LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr R Kensey
Mr C Foreman





SECRETARY: Mr R Kensey





REGISTERED OFFICE: 1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB





REGISTERED NUMBER: 04925459 (England and Wales)





ACCOUNTANTS: THB LLP
1 & 2 Studley Court Mews
Studley Court
Guildford Road
Chobham
Surrey
GU24 8EB

KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,118 182,464

CURRENT ASSETS
Stocks 5 1,960,000 1,800,000
Debtors 6 306,787 348,736
Cash at bank 1,276 4,230
2,268,063 2,152,966
CREDITORS
Amounts falling due within one year 7 3,243,974 3,103,929
NET CURRENT LIABILITIES (975,911 ) (950,963 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(796,793

)

(768,499

)

CREDITORS
Amounts falling due after more than one
year

8

37,317

24,167
NET LIABILITIES (834,110 ) (792,666 )

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 (834,113 ) (792,669 )
SHAREHOLDERS' FUNDS (834,110 ) (792,666 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459)

Balance Sheet - continued
31 January 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 29 October 2024 and were signed on its behalf by:




Mr R Kensey - Director



Mr C Foreman - Director


KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Knowl Hill 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.

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.

Plant and machinery - 20% (RB)
Fixtures & Fittings - 20% (SL)
Computer equipment - 33% (RB)
Motor vehicles - 25% (RB)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 1,761,306 23,967 72,089 5,831 1,863,193
Additions - - 49,857 - 49,857
At 31 January 2024 1,761,306 23,967 121,946 5,831 1,913,050
DEPRECIATION
At 1 February 2023 1,592,490 23,967 59,224 5,048 1,680,729
Charge for year 37,263 - 15,681 259 53,203
At 31 January 2024 1,629,753 23,967 74,905 5,307 1,733,932
NET BOOK VALUE
At 31 January 2024 131,553 - 47,041 524 179,118
At 31 January 2023 168,816 - 12,865 783 182,464

5. STOCKS
31/1/24 31/1/23
£    £   
Stock and work in progress 1,960,000 1,800,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 99,246 121,170
Inter Company- Stafford Golf 207,541 207,541
Other debtors - 844
Social security - 19,181
306,787 348,736

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Hire purchase contracts 19,843 -
Trade creditors 1,181,884 1,063,545
Social security and other taxes 23,798 -
VAT 7,591 7,589
Other creditors 782,378 686,831
Inter-Company KHSL 539,285 648,559
Bounce back loan less than 1yr 10,000 10,000
Directors' current accounts 673,132 681,482
Accrued expenses 6,063 5,923
3,243,974 3,103,929

KNOWL HILL LIMITED (REGISTERED NUMBER: 04925459)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Hire purchase contracts 23,150 -
Bounce back loan more than 1yr 14,167 24,167
37,317 24,167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
300 Ordinary £.01 3 3

10. RESERVES
Retained
earnings
£   

At 1 February 2023 (792,669 )
Deficit for the year (41,444 )
At 31 January 2024 (834,113 )

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the following amounts to its directors.
Mr C Foreman - £309,052 (2023 : £318,502)
Mr R Kensey - £364,081 (2023 : £362,981)

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr R Kensey, a director of the Company.