Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-302023-10-01falseNo description of principal activity21falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC650086 2023-10-01 2024-09-30 SC650086 2022-10-01 2023-09-30 SC650086 2024-09-30 SC650086 2023-09-30 SC650086 c:Director1 2023-10-01 2024-09-30 SC650086 c:Director2 2023-10-01 2024-09-30 SC650086 c:Director2 2024-09-30 SC650086 c:RegisteredOffice 2023-10-01 2024-09-30 SC650086 d:FreeholdInvestmentProperty 2024-09-30 SC650086 d:FreeholdInvestmentProperty 2023-09-30 SC650086 d:CurrentFinancialInstruments 2024-09-30 SC650086 d:CurrentFinancialInstruments 2023-09-30 SC650086 d:ShareCapital 2024-09-30 SC650086 d:ShareCapital 2023-09-30 SC650086 d:SharePremium 2024-09-30 SC650086 d:SharePremium 2023-09-30 SC650086 d:CapitalRedemptionReserve 2024-09-30 SC650086 d:CapitalRedemptionReserve 2023-09-30 SC650086 d:RetainedEarningsAccumulatedLosses 2024-09-30 SC650086 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC650086 c:OrdinaryShareClass1 2023-10-01 2024-09-30 SC650086 c:OrdinaryShareClass1 2024-09-30 SC650086 c:OrdinaryShareClass1 2023-09-30 SC650086 c:OrdinaryShareClass2 2023-10-01 2024-09-30 SC650086 c:OrdinaryShareClass2 2024-09-30 SC650086 c:OrdinaryShareClass2 2023-09-30 SC650086 c:FRS102 2023-10-01 2024-09-30 SC650086 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC650086 c:FullAccounts 2023-10-01 2024-09-30 SC650086 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC650086 6 2023-10-01 2024-09-30 SC650086 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC650086










KNOCKHILL HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
KNOCKHILL HOLDINGS LIMITED
 

COMPANY INFORMATION


Directors
Mrs J Shedden 
Mr G Shedden (appointed 26 October 2023)




Registered number
SC650086



Registered office
Knockhill Racing Circuit
Dunfermline

Fife

KY12 9TF




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
KNOCKHILL HOLDINGS LIMITED
REGISTERED NUMBER: SC650086

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

As restated
2024
2023
£
£

Fixed assets
  

Investments
 4 
2,105,263
2,105,263

Investment property
 5 
640,000
640,000

  
2,745,263
2,745,263

Current assets
  

Debtors: amounts falling due within one year
 6 
215,500
265,500

Bank and cash balances
  
15,564
94,528

  
231,064
360,028

Total assets less current liabilities
  
 
 
2,976,327
 
 
3,105,291

  

Net assets
  
2,976,327
3,105,291


Capital and reserves
  

Called up share capital 
 8 
1,000,006
1,000,006

Share premium account
  
105,258
105,258

Capital redemption reserve
  
1,000,000
1,000,000

Profit and loss account
  
871,063
1,000,027

  
2,976,327
3,105,291

Page 1

 
KNOCKHILL HOLDINGS LIMITED
REGISTERED NUMBER: SC650086

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs J Shedden
Director

Date: 18 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KNOCKHILL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Knockhill Holdings Limited is a private company, limited by shares, incorporated in Scotland with registration number SC650086. The registered office is Knockhill Racing Circuit, Dunfermline, Fife, KY12 9TF. 
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 1).

Page 3

 
KNOCKHILL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
2,105,263



At 30 September 2024
2,105,263





5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
640,000



At 30 September 2024
640,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
165,500
265,500

Other debtors
50,000
-

215,500
265,500



7.


Related party transactions

Included within the amounts owed by group undertakings is a balance due from Knockhill Racing Circuit Limited, a subsidiary of the company, of £165,500 (2023 - £265,500). The balance is interest free and has no fixed term of repayment.
The company has granted a floating charge over the assets of the company in relation to group borrowings.

Page 4

 
KNOCKHILL HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



6 (2023 - 6) Ordinary shares of £1.00 each
6
6
1,000,000 (2023 - 1,000,000) Preference shares of £1.00 each
1,000,000
1,000,000

1,000,006

1,000,006



9.


Prior year adjustment

The prior year adjustment relates to the creation of a capital redemption reserve on the redemption of preference shares. One transfer took place in 2022 for £400,000 and this has been reflected in the opening reserves postion at 1 October 2022 and a further transfer took place in 2023 for £600,000. As a result, the retained earnings have reduced by £1,000,000 and a capital redemption reserve of £1,000,000 has been created.


Page 5