| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| KNIGHT FAMILY INVESTMENTS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| KNIGHT FAMILY INVESTMENTS LIMITED |
| KNIGHT FAMILY INVESTMENTS LIMITED (REGISTERED NUMBER: 10094651) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| KNIGHT FAMILY INVESTMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Marlborough House |
| 298 Regents Park Road |
| London |
| N3 2SZ |
| KNIGHT FAMILY INVESTMENTS LIMITED (REGISTERED NUMBER: 10094651) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| KNIGHT FAMILY INVESTMENTS LIMITED (REGISTERED NUMBER: 10094651) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| KNIGHT FAMILY INVESTMENTS LIMITED (REGISTERED NUMBER: 10094651) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Knight Family Investments Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Intangible fixed assets and amortisation - other intangible |
| Other intangible assets are Trademarks measured at the cost of acquiring the trademark. Trademarks are not amortised. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Going concern |
| The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| KNIGHT FAMILY INVESTMENTS LIMITED (REGISTERED NUMBER: 10094651) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Investments - other b/fwd | 81 | 81 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade creditors |
| Corporation tax | ( |
) |
| Social security and other taxes |
| VAT | 47,404 | 85,385 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Amounts owed to group undertakings |
| KNIGHT FAMILY INVESTMENTS LIMITED (REGISTERED NUMBER: 10094651) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.24 | 31.12.23 |
| value: | £ | £ |
| Ordinary Share | £1 | 5,000 | 5,000 |
| Ordinary A Share | £1 | 1 | 1 |
| Ordinary B Share | £1 | 1 | 1 |
| Ordinary C Share | £1 | 1 | 1 |
| Ordinary D Share | £1 | 1 | 1 |
| 1 | Ordinary E Share | £1 | 1 | 1 |
| 1 | Ordinary F Share | £1 | 1 | 1 |
| 5,006 | 5,006 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 January 2024 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 December 2024 | ( |
) |
| 11. | RELATED PARTY DISCLOSURES |
| Included under current trade debtors are the following balances owed to the company by the related parties: |
| Amplified Label Services Limited: £611,996 (2023: £406,853) |
| Toolroom Academy Limited £1,310,522 (2023: £1,039,559) |
| Toolroom Productions Limited: £3,167,217 (2023: £2,087,870) |
| Included under other current debtors are amounts owed to the company by its shareholders and a related party: |
| K K Knight: £1,251 (2023: £1,251) |
| L D Knight: £1,251 (2023: £1,251) |
| M K Knight: £252 (2023: £252) |
| MK Music Limited: £1,000 (2023: £1000) |
| S M Knight: £1,251 (2023: £1,251) |
| Toolroom Academy Limited: £200,000 (2023: £200,000) |
| These loans are not secured, carry no interest and have no fixed terms of repayment. |
| Included under liabilities due in more than 1 year are loans owed by the company to a related party: |
| Toolroom Productions Limited: £5,216,206 (2023: £3,555,044) |
| This loan is not secured, carries no interest and has no fixed terms of repayment. |
| The ultimate controlling parties are the directors of the company by virtue of the 100% combined shareholding of the company. |