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COMPANY REGISTRATION NUMBER: 07745703
THE KNIGHT HUB LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
THE KNIGHT HUB LTD
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
THE KNIGHT HUB LTD
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
£
Creditors: amounts falling due within one year
4
14,048
13,910
--------
--------
Net current liabilities
14,048
13,910
--------
--------
Total assets less current liabilities
( 14,048)
( 13,910)
Creditors: amounts falling due after more than one year
5
43,855
43,855
--------
--------
Net liabilities
( 57,903)
( 57,765)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 58,003)
( 57,865)
--------
--------
Shareholder deficit
( 57,903)
( 57,765)
--------
--------
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 31 August 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 member has 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 29 May 2025 , and are signed on behalf of the board by:
J. P. Knight
Director
Company registration number: 07745703
THE KNIGHT HUB LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 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 First Floor Offices, 13 Abbey Churchyard, Bath, BA1 1LY, England.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
4. Creditors: amounts falling due within one year
2024
2023
£
£
Bank overdraft and loans
6,032
6,025
Trade creditors
779
1,169
Social security and other taxes
4,096
2,683
Other creditors
3,141
4,033
--------
--------
14,048
13,910
--------
--------
5. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank overdraft and loans
43,855
43,855
--------
--------
6. Related party transactions
2024 2023
£ £
Director loan accounts 3,141 4,033
------- -------
No interest has been charged to the company in respect of the loan which is repayable on demand and classified within creditors.