KNOLE PROPERTIES LIMITED

Company Registration Number:
00229956 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2024

Period of accounts

Start date: 01 October 2023

End date: 30 September 2024

KNOLE PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

KNOLE PROPERTIES LIMITED

Company Information

for the Period Ended 30 September 2024




Registered office: 6
High St
Crickhowell
Powys
NP8 1BW
Company Registration Number: 00229956 (England and Wales)

KNOLE PROPERTIES LIMITED

Balance sheet

As at 30 September 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 7,900 7,900
Tangible assets: 5 1,155,750 1,165,883
Total fixed assets: 1,163,650 1,173,783
Current assets
Debtors: 50,788 37,007
Cash at bank and in hand: 129,712 156,033
Total current assets: 180,500 193,040
Creditors: amounts falling due within one year: ( 43,006 ) ( 37,252 )
Net current assets (liabilities): 137,494 155,788
Total assets less current liabilities: 1,301,144 1,329,571
Provision for liabilities: ( 123,734 ) ( 126,234 )
Total net assets (liabilities): 1,177,410 1,203,337

The notes form part of these financial statements

KNOLE PROPERTIES LIMITED

Balance sheet continued

As at 30 September 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 6,155 6,155
Profit and loss account: 1,171,255 1,197,182
Shareholders funds: 1,177,410 1,203,337

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 June 2025
And Signed On Behalf Of The Board By:

Name: T G HORLEY
Status: Director

The notes form part of these financial statements

KNOLE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
    Fixtures & fittings - 15% on cost
    Plant & equipment - 33% on cost

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work in progress are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

KNOLE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

KNOLE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 3. Off balance sheet disclosure

    No

KNOLE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 October 2023 7,900
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 30 September 2024 7,900
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 30 September 2024 -
    Net book value
    Net book value at 30 September 2024 7,900
    Net book value at 30 September 2023 7,900

KNOLE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Tangible Assets

Total
Cost £
At 01 October 2023 1,190,201
Additions -
Disposals -
Revaluations (10,000)
Transfers -
At 30 September 2024 1,180,201
Depreciation
At 01 October 2023 24,318
Charge for year 133
On disposals -
Other adjustments -
At 30 September 2024 24,451
Net book value
At 30 September 2024 1,155,750
At 30 September 2023 1,165,883