Registered number
12344977
SINCKOT PROPERTIES (KNOT2) LIMITED
Filleted Accounts
31 December 2023
SINCKOT PROPERTIES (KNOT2) LIMITED
Registered number: 12344977
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 571,936 571,936
Current assets
Debtors 4 3,484 3,429
Cash at bank and in hand 4,324 1,214
7,808 4,643
Creditors: amounts falling due within one year 5 (411,408) (408,942)
Net current liabilities (403,600) (404,299)
Total assets less current liabilities 168,336 167,637
Creditors: amounts falling due after more than one year 6 (167,935) (167,935)
Net assets/(liabilities) 401 (298)
Capital and reserves
Called up share capital 200 200
Profit and loss account 201 (498)
Shareholders' funds 401 (298)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R K Chechani
Director
Approved by the board on 30 September 2024
SINCKOT PROPERTIES (KNOT2) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 18% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 571,936
At 31 December 2023 571,936
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 571,936
At 31 December 2022 571,936
4 Debtors 2023 2022
£ £
Trade debtors 3,174 2,162
Other debtors 310 1,267
3,484 3,429
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,625 6,612
Taxation and social security costs 47 349
Other creditors 406,736 401,981
411,408 408,942
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 167,935 167,935
7 Other information
SINCKOT PROPERTIES (KNOT2) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
211 Station Road
Harrow
Middlesex
HA1 2TP
SINCKOT PROPERTIES (KNOT2) LIMITED 12344977 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 R K Chechani No description of principal activity 12344977 2022-01-01 2022-12-31 12344977 core:WithinOneYear 2022-12-31 12344977 core:AfterOneYear 2022-12-31 12344977 core:ShareCapital 2022-12-31 12344977 core:RetainedEarningsAccumulatedLosses 2022-12-31 12344977 2023-01-01 2023-12-31 12344977 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12344977 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12344977 bus:Director40 2023-01-01 2023-12-31 12344977 2 2023-01-01 2023-12-31 12344977 countries:England 2023-01-01 2023-12-31 12344977 bus:FRS102 2023-01-01 2023-12-31 12344977 bus:FilletedAccounts 2023-01-01 2023-12-31 12344977 2023-12-31 12344977 core:WithinOneYear 2023-12-31 12344977 core:AfterOneYear 2023-12-31 12344977 core:ShareCapital 2023-12-31 12344977 core:RetainedEarningsAccumulatedLosses 2023-12-31 12344977 core:LandBuildings 2023-12-31 12344977 2022-12-31 12344977 core:LandBuildings 2022-12-31 iso4217:GBP xbrli:pure