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REGISTERED NUMBER: 00799596 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

M Knowles & Sons Limited

M Knowles & Sons Limited (Registered number: 00799596)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

M Knowles & Sons Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Miss C A Tuxford
Mrs J M Tuxford





SECRETARY: Mrs J M Tuxford





REGISTERED OFFICE: c/o Epperstone By Pass Garage
Lowdham
Nottingham
NG14 7BZ





REGISTERED NUMBER: 00799596 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

M Knowles & Sons Limited (Registered number: 00799596)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 797,601 641,820
Investment property 7 1,150,000 1,150,000
1,947,601 1,791,820

CURRENT ASSETS
Debtors 8 4,392 2,968
Cash at bank 23,349 21,633
27,741 24,601
CREDITORS
Amounts falling due within one year 9 (98,424 ) (93,902 )
NET CURRENT LIABILITIES (70,683 ) (69,301 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,876,918

1,722,519

PROVISIONS FOR LIABILITIES (172,703 ) (86,630 )
NET ASSETS 1,704,215 1,635,889

CAPITAL AND RESERVES
Called up share capital 10 6,000 6,000
Fair value reserve 11 847,863 593,575
Retained earnings 850,352 1,036,314
SHAREHOLDERS' FUNDS 1,704,215 1,635,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

M Knowles & Sons Limited (Registered number: 00799596)

Balance Sheet - continued
31 March 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:




Miss C A Tuxford - Director



Mrs J M Tuxford - Director


M Knowles & Sons Limited (Registered number: 00799596)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

M Knowles & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 - 15% on reducing balance

Investments
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.

Financial instruments
Financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.

Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

M Knowles & Sons Limited (Registered number: 00799596)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 23,101
DEPRECIATION
At 1 April 2024
and 31 March 2025 23,101
NET BOOK VALUE
At 31 March 2025 -

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2024 641,820
Additions 29,579
Disposals (2,078 )
Revaluations 128,280
At 31 March 2025 797,601
NET BOOK VALUE
At 31 March 2025 797,601
At 31 March 2024 641,820

Cost or valuation at 31 March 2025 is represented by:

Listed
investments
£   
Valuation in 2016 3,541
Valuation in 2017 72,213
Valuation in 2018 13,292
Valuation in 2019 (29,241 )
Valuation in 2020 (131,629 )
Valuation in 2021 168,475
Valuation in 2022 42,919
Valuation in 2023 (32,028 )
Valuation in 2024 104,539
Valuation in 2025 132,209
Cost 453,311
797,601

M Knowles & Sons Limited (Registered number: 00799596)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. FIXED ASSET INVESTMENTS - continued

If the listed investments had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 429,739 429,739

The listed investments were valued on an open market basis on 31 March 2025 by The London Stock Exchange .

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 1,150,000
NET BOOK VALUE
At 31 March 2025 1,150,000
At 31 March 2024 1,150,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2004 248,293
Valuation in 2006 (30,000 )
Valuation in 2024 461,912
Cost 469,795
1,150,000

Investment Property was valued on an open market basis on 31 March 2025 by the directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,450 -
Other debtors 2,942 2,968
4,392 2,968

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 2,134 1,232
Other creditors 96,290 92,670
98,424 93,902

M Knowles & Sons Limited (Registered number: 00799596)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
6,000 Ordinary £1 6,000 6,000

11. RESERVES
Fair
value
reserve
£   
At 1 April 2024 593,575
Transfer 254,288

At 31 March 2025 847,863

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M Knowles & Sons Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M Knowles & Sons Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of M Knowles & Sons Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M Knowles & Sons Limited and state those matters that we have agreed to state to the Board of Directors of M Knowles & Sons Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M Knowles & Sons Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M Knowles & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M Knowles & Sons Limited. You consider that M Knowles & Sons Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M Knowles & Sons Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


29 April 2025