0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 171,189 176,274 61,875 409,338 409,338 171,189 xbrli:pure xbrli:shares iso4217:GBP 12251867 2023-05-01 2024-04-30 12251867 2024-04-30 12251867 2023-04-30 12251867 2022-05-01 2023-04-30 12251867 2023-04-30 12251867 2022-04-30 12251867 bus:Director1 2023-05-01 2024-04-30 12251867 core:WithinOneYear 2024-04-30 12251867 core:WithinOneYear 2023-04-30 12251867 core:AfterOneYear 2024-04-30 12251867 core:AfterOneYear 2023-04-30 12251867 core:ShareCapital 2024-04-30 12251867 core:ShareCapital 2023-04-30 12251867 core:RetainedEarningsAccumulatedLosses 2024-04-30 12251867 core:RetainedEarningsAccumulatedLosses 2023-04-30 12251867 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 12251867 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-04-30 12251867 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-04-30 12251867 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 12251867 core:Non-currentFinancialInstruments 2024-04-30 12251867 core:Non-currentFinancialInstruments 2023-04-30 12251867 bus:SmallEntities 2023-05-01 2024-04-30 12251867 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12251867 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12251867 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12251867 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 12251867
KNAPMAN.COM LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 April 2024
KNAPMAN.COM LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
KNAPMAN.COM LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2024
2024
2023
Note
£
£
FIXED ASSETS
Investments
3
409,338
171,189
CURRENT ASSETS
Debtors
4
4,216
Cash at bank and in hand
2,942
2,282
--------
--------
2,942
6,498
CREDITORS: amounts falling due within one year
5
8,546
5,039
--------
--------
NET CURRENT (LIABILITIES)/ASSETS
( 5,604)
1,459
-----------
-----------
TOTAL ASSETS LESS CURRENT LIABILITIES
403,734
172,648
CREDITORS: amounts falling due after more than one year
6
434,456
257,857
-----------
-----------
NET LIABILITIES
( 30,722)
( 85,209)
-----------
-----------
KNAPMAN.COM LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2024
2024
2023
Note
£
£
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
( 30,723)
( 85,210)
----------
----------
SHAREHOLDERS DEFICIT
( 30,722)
( 85,209)
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 January 2025 , and are signed on behalf of the board by:
Mr T C Knapman
Director
Company registration number: 12251867
KNAPMAN.COM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 139 North Cray Road, Sidcup, Kent, DA14 5HE, United Kingdom.
2. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3. INVESTMENTS
Other investments
£
Cost
At 1 May 2023
171,189
Additions
176,274
Revaluations
61,875
-----------
At 30 April 2024
409,338
-----------
Impairment
At 1 May 2023 and 30 April 2024
-----------
Carrying amount
At 30 April 2024
409,338
-----------
At 30 April 2023
171,189
-----------
4. DEBTORS
2024
2023
£
£
Other debtors
4,216
-----
--------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Other creditors
8,546
5,039
--------
--------
6. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
434,456
257,857
-----------
-----------
7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director did not enter into any advances, credits or guarantees with the company.