Knightrose Property Care Limited 10658582 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the provision of maintenance services. Digita Accounts Production Advanced 6.30.9574.0 true true 10658582 2023-06-01 2024-05-31 10658582 2024-05-31 10658582 core:RetainedEarningsAccumulatedLosses 2024-05-31 10658582 core:ShareCapital 2024-05-31 10658582 core:CurrentFinancialInstruments 2024-05-31 10658582 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10658582 bus:SmallEntities 2023-06-01 2024-05-31 10658582 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10658582 bus:FilletedAccounts 2023-06-01 2024-05-31 10658582 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10658582 bus:RegisteredOffice 2023-06-01 2024-05-31 10658582 bus:Director1 2023-06-01 2024-05-31 10658582 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10658582 countries:EnglandWales 2023-06-01 2024-05-31 10658582 2022-06-01 2023-05-31 10658582 2023-05-31 10658582 core:RetainedEarningsAccumulatedLosses 2023-05-31 10658582 core:ShareCapital 2023-05-31 10658582 core:CurrentFinancialInstruments 2023-05-31 10658582 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 10658582

Knightrose Property Care Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Knightrose Property Care Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 4

 

Knightrose Property Care Limited

Company Information

Director

T D Whelan

Registered office

Leavesden Park
Suite 1
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

Accountants

Landmark Accountants Limited
Leavesden Park
5 Hercules Way
Watford
Hertfordshire
WD25 7GS

 

Knightrose Property Care Limited

(Registration number: 10658582)
Balance Sheet as at 31 May 2024

Note

2024

2023

   

£

£

£

£

Current assets

   

 

Debtors

4

 

100

 

100

Cash at bank and in hand

   

-

 

291

   

100

 

391

Creditors: Amounts falling due within one year

5

 

-

 

(3,838)

Net assets/(liabilities)

   

100

 

(3,447)

Capital and reserves

   

 

Called up share capital

100

 

100

 

Retained earnings

-

 

(3,547)

 

Shareholders' funds/(deficit)

   

100

 

(3,447)

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his 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.

Approved and authorised by the director on 31 January 2025
 

.........................................
T D Whelan
Director

 

Knightrose Property Care Limited

Notes to the Financial Statements for the Year Ended 31 May 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:
Leavesden Park
Suite 1
5 Hercules Way
Watford
Hertfordshire
WD25 7GS
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been presented in pound sterling and rounded to the nearest £1.

Going concern

Based on a review of the company forecasts and the continued financial support of the director, the director has an expectation that the company has adequate resources to continue in operational existence for the foreseeable future, meeting liabilities as they fall due for at least 12 months from the date of signing of the financial statements. The director therefore continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 according to the original terms of the receivables.

 

Knightrose Property Care Limited

Notes to the Financial Statements for the Year Ended 31 May 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments.
 Recognition and measurement
Basic financial instruments are recognised at amortised cost.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

2024
£

2023
£

Other debtors

100

100

100

100

5

Creditors

2024
£

2023
£

Due within one year

Other creditors

-

3,838