Hustwick-Knight Limited 14069264 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is residential letting of investment property. Digita Accounts Production Advanced 6.30.9574.0 true 14069264 2023-05-01 2024-04-30 14069264 2024-04-30 14069264 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-04-30 14069264 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-04-30 14069264 core:RetainedEarningsAccumulatedLosses 2024-04-30 14069264 core:ShareCapital 2024-04-30 14069264 core:CurrentFinancialInstruments 2024-04-30 14069264 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14069264 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 14069264 bus:SmallEntities 2023-05-01 2024-04-30 14069264 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14069264 bus:FullAccounts 2023-05-01 2024-04-30 14069264 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14069264 bus:RegisteredOffice 2023-05-01 2024-04-30 14069264 bus:Director1 2023-05-01 2024-04-30 14069264 bus:Director2 2023-05-01 2024-04-30 14069264 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-05-01 2024-04-30 14069264 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-05-01 2024-04-30 14069264 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14069264 countries:EnglandWales 2023-05-01 2024-04-30 14069264 2023-04-30 14069264 2022-04-26 2023-04-30 14069264 2023-04-30 14069264 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-30 14069264 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-04-30 14069264 core:RetainedEarningsAccumulatedLosses 2023-04-30 14069264 core:ShareCapital 2023-04-30 14069264 core:CurrentFinancialInstruments 2023-04-30 14069264 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 14069264 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14069264

Hustwick-Knight Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Hustwick-Knight Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Hustwick-Knight Limited

(Registration number: 14069264)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

544,675

282,281

Current assets

 

Debtors

5

2,733

2,799

Cash at bank and in hand

 

8,952

75,500

 

11,685

78,299

Creditors: Amounts falling due within one year

6

(194,305)

(183,922)

Net current liabilities

 

(182,620)

(105,623)

Total assets less current liabilities

 

362,055

176,658

Creditors: Amounts falling due after more than one year

6

(387,162)

(200,031)

Net liabilities

 

(25,107)

(23,373)

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(25,207)

(23,473)

Shareholders' deficit

 

(25,107)

(23,373)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

E Childs
Director

J Childs
Director

 
     
 

Hustwick-Knight Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 Town Lane
Petersfield
GU32 2AF

2

Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
Notwithstanding the deficit of shareholders' funds, the directors consider that the company will recover this deficit in future years and therefore it is appropriate for the accounts to be prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants and letting agents for rent receivable and other associated letting fees in the ordinary course of the business.

Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

 

Hustwick-Knight Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

4

Investment property

2024
£

2023
£

At 1 May

282,281

-

Additions

262,394

282,281

At 30 April

544,675

282,281

The directors have reviewed the market value of the properties using current market data for similar properties in the same areas and consider that there is no significant change at the balance sheet date.

5

Debtors

2024
£

2023
£

Trade debtors

-

945

Prepayments

2,733

1,854

2,733

2,799

 

Hustwick-Knight Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Other creditors

8,429

1,425

Other loans

183,827

179,818

Accruals

2,049

2,679

194,305

183,922

Creditors: amounts falling due after more than one year

2024
£

2023
£

Bank loans

387,162

200,031

387,162

200,031

Creditors include bank loans, which are secured against investment properties, of £387,162 (2023 - £200,031) and is repayable, other than by instalments, after more than 5 years.

 

Hustwick-Knight Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A shares of £0.01 each

4,925

49.25

4,925

49.25

Ordinary B shares of £0.01 each

4,925

49.25

4,925

49.25

Ordinary C shares of £0.01 each

10

0.10

10

0.10

Ordinary D shares of £0.01 each

10

0.10

10

0.10

Ordinary E shares of £0.01 each

10

0.10

10

0.10

Ordinary F shares of £0.01 each

10

0.10

10

0.10

Ordinary G shares of £0.01 each

10

0.10

10

0.10

Ordinary H shares of £0.01 each

10

0.10

10

0.10

Ordinary I shares of £0.01 each

10

0.10

10

0.10

Ordinary J shares of £0.01 each

10

0.10

10

0.10

Ordinary K shares of £0.01 each

10

0.10

10

0.10

Ordinary L shares of £0.01 each

10

0.10

10

0.10

Ordinary M shares of £0.01 each

10

0.10

10

0.10

Ordinary N shares of £0.01 each

10

0.10

10

0.10

Ordinary O shares of £0.01 each

10

0.10

10

0.10

Ordinary P shares of £0.01 each

10

0.10

10

0.10

Ordinary Q shares of £0.01 each

10

0.10

10

0.10

 

10,000

100.00

10,000

100.00

8

Related party transactions

Directors’ loan

The directors provided the company with a loan on which no interest was charged.