Registered number
11103929
Knj Homes Ltd
Filleted Accounts
31 December 2024
Knj Homes Ltd
Registered number: 11103929
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 315,001 315,001
Current assets
Debtors 4 57 114
Cash at bank and in hand 4,518 19,126
4,575 19,240
Creditors: amounts falling due within one year 5 (2,590) (2,297)
Net current assets 1,985 16,943
Total assets less current liabilities 316,986 331,944
Creditors: amounts falling due after more than one year 6 (253,659) (271,175)
Provisions for liabilities (10,108) (10,108)
Net assets 53,219 50,661
Capital and reserves
Called up share capital 200 200
Non distributable reserve 8 43,092 43,092
Profit and loss account 9,927 7,369
Shareholders' funds 53,219 50,661
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ravi Patel
Director
Approved by the board on 12 March 2025
Knj Homes Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets & investment property
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land. Investment property is measured at fair value with gains and losses recognised in profit and loss. Rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, are as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment property, land and buildings
£
Cost
At 1 January 2024 315,001
At 31 December 2024 315,001
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 315,001
At 31 December 2023 315,001
Freehold land and buildings: 2024 2023
£ £
Historical cost 261,801 261,801
Cumulative depreciation based on historical cost - -
261,801 261,801
The investment property asset was revalued during 2023, it had a market value of £315,000. It was revalued by the directors. The valuation was based on research into the market in 2023 and by looking at similar properties on the same road or nearby area. The 2024 valuation has remained at a similar value and no adjustment has been made in these accounts.
4 Debtors 2024 2023
£ £
Other debtors 57 114
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 600 756
Other creditors 1,990 1,541
2,590 2,297
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 190,362 192,162
Other creditors 63,297 79,013
253,659 271,175
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 190,362 192,162
The bank mortgage is secured against the freeehold property
8 Non distributable reserve 2024 2023
£ £
At 1 January 2024 43,092 43,092
At 31 December 2024 43,092 43,092
9 Other information
Knj Homes Ltd is a private company limited by shares and incorporated in England. Its registered office is:
39 Kenton Park Avenue
Harrow
Middlesex
HA3 8DS
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