Company Registration No. 12331018 (England and Wales)
MORGAN KNIGHTS REAL ESTATE AGENCY LIMITED
Unaudited accounts
for the year ended 30 November 2023
MORGAN KNIGHTS REAL ESTATE AGENCY LIMITED
Unaudited accounts
Contents
MORGAN KNIGHTS REAL ESTATE AGENCY LIMITED
Company Information
for the year ended 30 November 2023
Director
Krzysztof WOJNICKI
Company Number
12331018 (England and Wales)
Registered Office
10 GLOBE ROAD
LONDON
E15 1RF
ENGLAND
Accountants
Tax Nest Accountants Ltd
Office 18
241E, High Street North
London
E12 6SJ
MORGAN KNIGHTS REAL ESTATE AGENCY LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
3,745
2,351
Cash at bank and in hand
2,395
579
Creditors: amounts falling due within one year
(5,861)
(1,318)
Net current liabilities
(3,466)
(739)
Total assets less current liabilities
279
1,612
Creditors: amounts falling due after more than one year
(8,500)
(11,900)
Net liabilities
(8,221)
(10,288)
Called up share capital
1
1
Profit and loss account
(8,222)
(10,289)
Shareholders' funds
(8,221)
(10,288)
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2024 and were signed on its behalf by
Krzysztof WOJNICKI
Director
Company Registration No. 12331018
MORGAN KNIGHTS REAL ESTATE AGENCY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
MORGAN KNIGHTS REAL ESTATE AGENCY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12331018. The registered office is 10 GLOBE ROAD, LONDON, E15 1RF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
3 Years Life Span
Fixtures & fittings
10% SLM
Computer equipment
10% SLM
Turnover from the rendering of property agency services is recognised based on the stage of completion of the service provided.
For services related to property sales, turnover is recognised at the point when a legally binding sale agreement is executed, and the agency’s performance obligations under the agreement are substantially fulfilled. For ongoing property management or rental services, turnover is recognised over the duration of the contract, in line with the services rendered, and measured by comparing the work performed to date against the total services agreed in the contract. If commission is contingent on the completion of a property transaction, turnover is recognised when the transaction is completed, and the commission becomes unconditional.
MORGAN KNIGHTS REAL ESTATE AGENCY LIMITED
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
2,934
1,367
1,245
5,546
At 30 November 2023
2,934
1,367
3,084
7,385
At 1 December 2022
2,934
137
124
3,195
Charge for the year
-
137
308
445
At 30 November 2023
2,934
274
432
3,640
At 30 November 2023
-
1,093
2,652
3,745
At 30 November 2022
-
1,230
1,121
2,351
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
100
-
Loans from directors
5,161
-
6
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).