Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity00truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01265371 2023-04-01 2024-03-31 01265371 2022-04-01 2023-03-31 01265371 2024-03-31 01265371 2023-03-31 01265371 c:Director1 2023-04-01 2024-03-31 01265371 d:FreeholdInvestmentProperty 2024-03-31 01265371 d:FreeholdInvestmentProperty 2023-03-31 01265371 d:CurrentFinancialInstruments 2024-03-31 01265371 d:CurrentFinancialInstruments 2023-03-31 01265371 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01265371 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01265371 d:ShareCapital 2024-03-31 01265371 d:ShareCapital 2023-03-31 01265371 d:RetainedEarningsAccumulatedLosses 2024-03-31 01265371 d:RetainedEarningsAccumulatedLosses 2023-03-31 01265371 c:FRS102 2023-04-01 2024-03-31 01265371 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01265371 c:FullAccounts 2023-04-01 2024-03-31 01265371 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01265371 d:OtherDeferredTax 2024-03-31 01265371 d:OtherDeferredTax 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 01265371









KNAPPERDALE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KNAPPERDALE LIMITED
REGISTERED NUMBER: 01265371

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
  
675,000
675,000

  
675,000
675,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,146
978

Bank & cash balances
  
61,311
42,316

  
62,457
43,294

Creditors: amounts falling due within one year
 6 
(31,160)
(22,731)

Net current assets
  
 
 
31,297
 
 
20,563

Total assets less current liabilities
  
706,297
695,563

Provisions for liabilities
  

Deferred tax
 7 
(103,550)
(103,550)

  
 
 
(103,550)
 
 
(103,550)

Net assets
  
602,747
592,013


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
602,647
591,913

  
602,747
592,013

Page 1

 
KNAPPERDALE LIMITED
REGISTERED NUMBER: 01265371
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 December 2024.




Miriam Margolyes
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 2

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

1.


General information

Knapperdale Limited is a private company limited by shares and is incorporated and domiciled in England. The address of its registered office is 124 Finchley Road, London, NW3 5JS.

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

Revenue

Revenue comprises rental income receivable during the year and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current selling prices for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
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. 

 
2.6

Creditors

Short term creditors are measured at the transaction price.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

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

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 4

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

4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
675,000



At 31 March 2024
675,000

The 2024 valuations were made by the director, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


Net surplus/(deficit) in movement properties
441,450
441,450

At 31 March 2024
441,450
441,450



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
130,000
130,000

130,000
130,000


5.


Debtors

2024
2023
£
£


Other debtors
1,012
869

Prepayments and accrued income
134
109

1,146
978


Page 5

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
2,417
-

Other creditors
24,223
20,731

Accruals and deferred income
4,520
2,000

31,160
22,731



7.


Deferred taxation




2024


£






At beginning of year
(103,550)



At end of year
(103,550)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Unrealised gains on revaluation of investment property
(103,550)
(103,550)

(103,550)
(103,550)

 
Page 6