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REGISTERED NUMBER: 03417739 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KNIGHT YOUNG CO LIMITED

KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


KNIGHT YOUNG CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs M Mandavia
Mr D K Mandavia
Mr A K Mandavia





SECRETARY: Mrs M Mandavia





REGISTERED OFFICE: Ground Floor, 23 Bellview Court
Hanworth Road
Hounslow
Middlesex
TW3 3TQ





REGISTERED NUMBER: 03417739 (England and Wales)





ACCOUNTANTS: Param & Company Ltd
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB

KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 404 1,214
Investment property 5 360,000 360,000
360,404 361,214

CURRENT ASSETS
Debtors 44,458 37,872
Cash at bank 21,465 24,909
65,923 62,781
CREDITORS
Amounts falling due within one year 23,135 28,495
NET CURRENT ASSETS 42,788 34,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,192

395,500

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 403,189 395,497
403,192 395,500

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024



The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





Mr D K Mandavia - Director


KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Knight Young Co 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 as modified by the revaluation of certain assets.

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% on cost

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 4,050
DEPRECIATION
At 1 April 2023 2,836
Charge for year 810
At 31 March 2024 3,646
NET BOOK VALUE
At 31 March 2024 404
At 31 March 2023 1,214

KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 360,000
NET BOOK VALUE
At 31 March 2024 360,000
At 31 March 2023 360,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 99,539
Cost 260,461
360,000