Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-06false2023-08-251falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15095954 2023-08-24 15095954 2023-08-25 2024-08-31 15095954 2022-09-01 2023-08-24 15095954 2024-08-31 15095954 c:Director1 2023-08-25 2024-08-31 15095954 d:CurrentFinancialInstruments 2024-08-31 15095954 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15095954 d:ShareCapital 2024-08-31 15095954 d:RetainedEarningsAccumulatedLosses 2024-08-31 15095954 c:FRS102 2023-08-25 2024-08-31 15095954 c:AuditExempt-NoAccountantsReport 2023-08-25 2024-08-31 15095954 c:FullAccounts 2023-08-25 2024-08-31 15095954 c:PrivateLimitedCompanyLtd 2023-08-25 2024-08-31 15095954 e:PoundSterling 2023-08-25 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 15095954









KNOWLS LANE DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 AUGUST 2024

 
KNOWLS LANE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 15095954

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
Note
£

  

Current assets
  

Stocks
  
595,209

  
595,209

Creditors: amounts falling due within one year
 4 
(635,929)

Net current (liabilities)/assets
  
 
 
(40,720)

Total assets less current liabilities
  
(40,720)

  

Net (liabilities)/assets
  
(40,720)


Capital and reserves
  

Called up share capital 
  
2

Profit and loss account
  
(40,722)

  
(40,720)


Page 1

 
KNOWLS LANE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 15095954
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income 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 on by: 6 May 2025.




L A Blitz
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
KNOWLS LANE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Knowls Lane Developments Limited is a private company limited by shares and incorporated in England & Wales (registered number 15095954). The registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH.

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

Going concern

The financial statements have been prepared on the going concern basis, notwithstanding net liabilities of £5,603, which the director believes to be appropriate for the following reasons. The
company is dependent for its working capital on funds provided to it by the director.
The director has indicated that for at least 12 months from the date of approval of these financial
statements, he will continue to make available such funds as are needed by the company.
The director considers that this should enable the Company to continue in operational existence for
the foreseeable future by meeting its liabilities as they fall due for payment. As with any company
placing reliance for financial support, the director acknowledges that there can be no certainty that
this support will continue although at the date of approval of these financial statements, he has no
reason to believe that it will not do so.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
KNOWLS LANE DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Creditors: Amounts falling due within one year

2024
£

Other creditors
632,929

Accruals and deferred income
3,000

635,929



5.


Related party transactions

Included within creditors is an amount of £632,929 due to the director. Interest has been charged at a rate of 8% per annum.

 
Page 4