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REGISTERED NUMBER: 02499282 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KNIGHTCROFT LIMITED

KNIGHTCROFT LIMITED (REGISTERED NUMBER: 02499282)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KNIGHTCROFT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G GREALIS
MRS A GREALIS





REGISTERED OFFICE: 27A Green Lane
Northwood
Middlesex
HA6 2PX





REGISTERED NUMBER: 02499282 (England and Wales)





ACCOUNTANTS: Shah and Shin
27A Green Lane
Northwood, Middlesex
HA6 2PX

KNIGHTCROFT LIMITED (REGISTERED NUMBER: 02499282)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,791 2,388
Investment property 5 5,081,287 5,081,287
5,083,078 5,083,675

CURRENT ASSETS
Debtors 6 663,110 383,110
Cash at bank 5,113 228,768
668,223 611,878
CREDITORS
Amounts falling due within one year 7 1,258,288 1,170,494
NET CURRENT LIABILITIES (590,065 ) (558,616 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,493,013

4,525,059

CREDITORS
Amounts falling due after more than one
year

8

(1,623,854

)

(1,740,007

)

PROVISIONS FOR LIABILITIES (363,225 ) (363,225 )
NET ASSETS 2,505,934 2,421,827

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings 2,455,934 2,371,827
2,505,934 2,421,827

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

KNIGHTCROFT LIMITED (REGISTERED NUMBER: 02499282)

BALANCE SHEET - continued
31 MARCH 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 20 February 2025 and were signed on its behalf by:





G GREALIS - Director


KNIGHTCROFT LIMITED (REGISTERED NUMBER: 02499282)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

KNIGHTCROFT 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and Machinery 25% per annum on reducing balance
Fixtures, Fittings and Equipment 25% per annam on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

KNIGHTCROFT LIMITED (REGISTERED NUMBER: 02499282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 165,879
DEPRECIATION
At 1 April 2023 163,491
Charge for year 597
At 31 March 2024 164,088
NET BOOK VALUE
At 31 March 2024 1,791
At 31 March 2023 2,388

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 5,081,287
NET BOOK VALUE
At 31 March 2024 5,081,287
At 31 March 2023 5,081,287

The directors consider that the investment properties represent the fair value as at 31 March 2024 based on the market conditions.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 663,110 383,110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 191,153 191,153
Trade creditors 24,587 24,588
Taxation and social security 57,307 31,869
Other creditors 985,241 922,884
1,258,288 1,170,494

KNIGHTCROFT LIMITED (REGISTERED NUMBER: 02499282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,623,854 1,740,007

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,815,007 1,931,160

The bank loan is secured on the investment properties owned by the company.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MRS A GREALIS.