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COMPANY REGISTRATION NUMBER: 11963328
6 Knights Limited
Filleted Unaudited Financial Statements
30 April 2024
6 Knights Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
6 Knights Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
5,389,313
4,596,893
Current assets
Cash at bank and in hand
959,968
124,786
Creditors: amounts falling due within one year
6
4,331,808
3,297,512
------------
------------
Net current liabilities
3,371,840
3,172,726
------------
------------
Total assets less current liabilities
2,017,473
1,424,167
------------
------------
Net assets
2,017,473
1,424,167
------------
------------
Capital and reserves
Called up share capital
1
1
Profit and loss account
2,017,472
1,424,166
------------
------------
Shareholders funds
2,017,473
1,424,167
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 April 2025 , and are signed on behalf of the board by:
Mr A D Knight
Director
Company registration number: 11963328
6 Knights Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, United Kingdom, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Other loans includes an investment in a fund held at net asset value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year, including the director, amounted to 1 (2023: 1).
5. Investments
Other investments other than loans
Other loans
Total
£
£
£
Cost
At 1 May 2023
80,235
4,516,658
4,596,893
Additions
846,500
13,887
860,387
Disposals
( 264,413)
(264,413)
Revaluations
88,794
175,748
264,542
Other movements
( 68,096)
( 68,096)
------------
------------
------------
At 30 April 2024
1,015,529
4,373,784
5,389,313
------------
------------
------------
Impairment
At 1 May 2023 and 30 April 2024
------------
------------
------------
Carrying amount
At 30 April 2024
1,015,529
4,373,784
5,389,313
------------
------------
------------
At 30 April 2023
80,235
4,516,658
4,596,893
------------
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
116,264
90,012
Other creditors
4,215,544
3,207,500
------------
------------
4,331,808
3,297,512
------------
------------
7. Related party transactions
At the year end the company owed £4,213,044 (2023: £3,202,500) to the director.
8. Controlling party
The parent company is Wholly Grape Limited , a company incorporated in England and Wales (08462306), who own 100% of the share capital. The registered office address of Wholly Grape Limited is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN .