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REGISTERED NUMBER: 01112929 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

KNUWAY INVESTMENTS LIMITED

KNUWAY INVESTMENTS LIMITED (REGISTERED NUMBER: 01112929)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNUWAY INVESTMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTORS: J M Townsend
E L Wright





REGISTERED OFFICE: 25 Calder Avenue
Brookmans Park
Hatfield
Hertfordshire
AL9 7AH





REGISTERED NUMBER: 01112929 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

KNUWAY INVESTMENTS LIMITED (REGISTERED NUMBER: 01112929)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10,000 10,000
Investment property 5 740,000 740,000
750,000 750,000

CURRENT ASSETS
Debtors 6 498,607 478,116
Cash at bank 518 1,018
499,125 479,134
CREDITORS
Amounts falling due within one year 7 12,549 12,950
NET CURRENT ASSETS 486,576 466,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,236,576

1,216,184

PROVISIONS FOR LIABILITIES 30,003 30,003
NET ASSETS 1,206,573 1,186,181

CAPITAL AND RESERVES
Called up share capital 8 500,000 500,000
Fair value reserve 9 167,002 167,002
Retained earnings 539,571 519,179
SHAREHOLDERS' FUNDS 1,206,573 1,186,181

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KNUWAY INVESTMENTS LIMITED (REGISTERED NUMBER: 01112929)

BALANCE SHEET - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:





J M Townsend - Director


KNUWAY INVESTMENTS LIMITED (REGISTERED NUMBER: 01112929)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

Knuway Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Investments
Investments in subsidiaries and other participating interests held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 10,000
NET BOOK VALUE
At 31 May 2024 10,000
At 31 May 2023 10,000

Cost or valuation at 31 May 2024 is represented by:

Shares in
group
undertakings
£   
Cost 10,000

KNUWAY INVESTMENTS LIMITED (REGISTERED NUMBER: 01112929)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 740,000
NET BOOK VALUE
At 31 May 2024 740,000
At 31 May 2023 740,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 232,005
Valuation in 2023 (35,000 )
Cost 542,995
740,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 542,995 542,995

Investment property was valued on an open market basis on 31 May 2024 by the Directors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 496,889 476,398
Other debtors 1,718 1,718
498,607 478,116

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 10,000 10,000
KSM Creditor (1 ) -
Accrued expenses 2,550 2,950
12,549 12,950

KNUWAY INVESTMENTS LIMITED (REGISTERED NUMBER: 01112929)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500,000 Ordinary £1 500,000 500,000

9. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 167,002

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
J M Townsend
Balance outstanding at start of year - 5,711
Amounts repaid - (5,711 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

E L Wright
Balance outstanding at start of year - 5,711
Amounts repaid - (5,711 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. ULTIMATE CONTROLLING PARTY

The controlling party is Twoways Investments Ltd.

The ultimate controlling party is The Directors of Twoways Investments Ltd.