KNIGHT BROTHERS (AUTOMOBILES) LIMITED

Company Registration Number:
01253382 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

KNIGHT BROTHERS (AUTOMOBILES) LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

KNIGHT BROTHERS (AUTOMOBILES) LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 209 418
Investments: 4 1,110,000 1,110,000
Total fixed assets: 1,110,209 1,110,418
Current assets
Cash at bank and in hand: 4,777 17,788
Total current assets: 4,777 17,788
Creditors: amounts falling due within one year:   (23,373) (36,977)
Net current assets (liabilities): (18,596) (19,189)
Total assets less current liabilities: 1,091,613 1,091,229
Provision for liabilities: (116,316) (116,316)
Total net assets (liabilities): 975,297 974,913
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:5489,750489,750
Profit and loss account: 485,447 485,063
Shareholders funds: 975,297 974,913

The notes form part of these financial statements

KNIGHT BROTHERS (AUTOMOBILES) LIMITED

Balance sheet statements

For the year ending 31 January 2024 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 October 2024
and signed on behalf of the board by:

Name: B Knight
Status: Director

The notes form part of these financial statements

KNIGHT BROTHERS (AUTOMOBILES) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KNIGHT BROTHERS (AUTOMOBILES) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

KNIGHT BROTHERS (AUTOMOBILES) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 3,277
At 31 January 2024 3,277
Depreciation
At 01 February 2023 2,859
Charge for year 209
At 31 January 2024 3,068
Net book value
At 31 January 2024 209
At 31 January 2023 418

KNIGHT BROTHERS (AUTOMOBILES) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Fixed investments

Investment property comprises commercial properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 January 2017 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

KNIGHT BROTHERS (AUTOMOBILES) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Revaluation reserve

2024
£
Balance at 01 February 2023 489,750
Surplus or deficit after revaluation 0
Balance at 31 January 2024 489,750