| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| FOR |
| KNOWLES-BROWN PROPERTIES LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2024 |
| FOR |
| KNOWLES-BROWN PROPERTIES LIMITED |
| KNOWLES-BROWN PROPERTIES LIMITED (REGISTERED NUMBER: 06854340) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 November 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| KNOWLES-BROWN PROPERTIES LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 November 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 16 Davy Court |
| Castle Mound Way |
| Rugby, CV23 0UZ |
| Magma Audit LLP is part |
| Of the Dains Group |
| KNOWLES-BROWN PROPERTIES LIMITED (REGISTERED NUMBER: 06854340) |
| STATEMENT OF FINANCIAL POSITION |
| 30 November 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks | 4 |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| KNOWLES-BROWN PROPERTIES LIMITED (REGISTERED NUMBER: 06854340) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 November 2024 |
| 1. | STATUTORY INFORMATION |
| Knowles-Brown Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06854340 and the registered office address is Leylands, High Road, Soulbury, Bedfordshire, LU7 0BY. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements are prepared in sterling (£), which is the functional and presentational currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
| Going concern |
| At the year end the company had net liabilities of £200,142 (2023:£182,099). The directors have considered the company's ability to pay its long term liabilities and are confident that the long term projects the company has will enable it to pay its liabilities as the fall due. On this basis the director has prepared these financial statements on a going concern basis. |
| Turnover |
| Turnover is measured as the fair value of the consideration received or receivable and recognises the sale of properties upon completion. |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. |
| At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| (i) Financial assets |
| Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
| Such assets are subsequently carried at amortised cost using the effective interest rate method. |
| (ii) Financial liabilities |
| Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
| Cash and cash equivalents |
| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| KNOWLES-BROWN PROPERTIES LIMITED (REGISTERED NUMBER: 06854340) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 November 2024 |
| 4. | STOCKS |
| 2024 | 2023 |
| £ | £ |
| Work-in-progress |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans due in more than 5 years by instalments |
49,044 |
53,956 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Bank loans |
| Other loans |
| The company has listed property as security against these creditors. |
| 9. | RELATED PARTY DISCLOSURES |
| The company was owed £254,708 (2023:£258,697) by companies under common control at the balance sheet date. |
| Companies under common control were owed £470,435 (2023: £397,995) by the company at the balance sheet date. |