Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse12023-02-23true 14684433 2023-02-22 14684433 2023-02-23 2024-03-31 14684433 1900-03-01 1900-03-01 14684433 2024-03-31 14684433 1900-03-01 14684433 c:Director1 2023-02-23 2024-03-31 14684433 c:RegisteredOffice 2023-02-23 2024-03-31 14684433 d:CurrentFinancialInstruments 2024-03-31 14684433 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14684433 d:ShareCapital 2023-02-23 2024-03-31 14684433 d:ShareCapital 2024-03-31 14684433 d:ShareCapital 1900-03-01 14684433 d:RetainedEarningsAccumulatedLosses 2023-02-23 2024-03-31 14684433 d:RetainedEarningsAccumulatedLosses 2024-03-31 14684433 d:RetainedEarningsAccumulatedLosses 1900-03-01 14684433 c:OrdinaryShareClass1 2023-02-23 2024-03-31 14684433 c:OrdinaryShareClass1 2024-03-31 14684433 c:FRS102 2023-02-23 2024-03-31 14684433 c:AuditExempt-NoAccountantsReport 2023-02-23 2024-03-31 14684433 c:FullAccounts 2023-02-23 2024-03-31 14684433 c:PrivateLimitedCompanyLtd 2023-02-23 2024-03-31 14684433 e:PoundSterling 2023-02-23 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14684433


 
 
 
 
 
 
 
 
KNIGHTCREST LIMITED
 FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

 
KNIGHTCREST LIMITED
 

COMPANY INFORMATION


Director
M.  Robertson 




Registered number
14684433



Registered office
216 Clive Road

London

SE21 8BS





 
KNIGHTCREST LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 5


 
KNIGHTCREST LIMITED
REGISTERED NUMBER: 14684433

BALANCE SHEET
AS AT 31 MARCH 2024

2024
Note
£

Current assets
  

Debtors
 4 
196,411

Cash at bank and in hand
  
301,520

  
497,931

Creditors: amounts falling due within one year
 5 
(363,167)

Net assets
  
 
 
134,764


Capital and reserves
  

Allotted, called up and fully paid share
capital
 6 
-

Profit and loss account
  
134,764

Equity shareholder's funds
  
134,764


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Director's Report and the Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 
22 November 2024.




M.  Robertson
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 1

 
KNIGHTCREST LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 23 February 2023
-
-
-


Comprehensive income for the period

Profit for the period
-
134,764
134,764

Shares issued during the period
-
-
-


At 31 March 2024
-
134,764
134,764

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KNIGHTCREST LIMITED
 

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

1.


General information

Knightcrest Limited (registered number: 14684433), having its registered office and principal place of business at 216 Clive Road, London, England, SE21 8BS, is a private limited company incorporated in England and Wales.
The Company was incorporated on 23 February 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in Section 1A.7 of Financial Reporting Standard 102 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 3

 
KNIGHTCREST LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period-end foreign currency monetary items are translated using the closing rate.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

 
2.9

Taxation

Tax is recognised in the Statement of Comprehensive Income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 4

 
KNIGHTCREST LIMITED
 

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

4.


Debtors

2024
£

Due within one year

Trade debtors
196,411



5.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
72,480

Corporation tax
41,830

Other taxation and social security
6,172

Other creditors
1,885

Accruals and deferred income
240,800

363,167



6.


Share capital

2024
£
Allotted, called up and fully paid


1 Ordinary share of £0.01
-

On incorporation, 1 Ordinary share was issued at par.



Page 5