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Registration number: NI701855

Knock Hall Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Knock Hall Limited

(Registration number: NI701855)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Investments

4

1,238,795

1,232,708

Current assets

 

Debtors

5

-

3,847

Cash at bank and in hand

 

9,850

9,950

 

9,850

13,797

Creditors: Amounts falling due within one year

6

(11,340)

(10,000)

Net current (liabilities)/assets

 

(1,490)

3,797

Total assets less current liabilities

 

1,237,305

1,236,505

Creditors: Amounts falling due after more than one year

6

(555,031)

(636,910)

Net assets

 

682,274

599,595

Capital and reserves

 

Called up share capital

7

300

300

Share premium reserve

607,900

607,900

Retained earnings

74,074

(8,605)

Shareholders' funds

 

682,274

599,595

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Knock Hall Limited

(Registration number: NI701855)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 1 May 2025 and signed on its behalf by:
 

.........................................
Mrs Mary McKenna
Director

.........................................
Frank McKenna
Director

 

Knock Hall Limited

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

1

General information

The company is a private company limited by share capital, incorporated in N Ireland.

The address of its registered office is: 95 Knock Road, Ballymoney, Co Antrim, BT53 6NQ.

These financial statements were authorised for issue by the Board on 1 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 and has not prepared Group accounts.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Knock Hall Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Investments

2025
£

2024
£

Investments in subsidiaries

1,238,795

1,232,708

 

Knock Hall Limited

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

Subsidiaries

£

Cost or valuation

Additions

1,238,795

Provision

Carrying amount

At 31 March 2025

1,238,795

At 31 March 2024

1,232,708


The Company owns 100% of the Ordinary Share Capital of St James's Lodge Limited. The investment is held at cost.

5

Debtors

Current

Note

2025
£

2024
£

Amounts owed by related parties

9

-

3,847

   

-

3,847

 

Knock Hall Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Amounts owed to group undertakings

9

1,340

-

 

11,340

10,000

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

300

300

300

300

       

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

155,231

237,110

Other borrowings

399,800

399,800

555,031

636,910

Current loans and borrowings

2025
£

2024
£

Bank borrowings

10,000

10,000

 

Knock Hall Limited

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

9

Related party transactions


At the year end the Company owed the directors £399,800 (2024: £399,800). No interest was charged on the amount outstanding.

At the year end the Company owed subsidiary Company St James's Lodge Limited £1,340 (2024: subsidiary owed Company £3,847).