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REGISTERED NUMBER: 12158238 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

KNOWLES BROWN LTD

KNOWLES BROWN LTD (REGISTERED NUMBER: 12158238)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KNOWLES BROWN LTD

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTORS: L A Russel
T Russel
G P Freiberg





SECRETARY: L A Russel





REGISTERED OFFICE: Leylands
High Road
Soulbury
United Kingdom
LU7 0BY





REGISTERED NUMBER: 12158238 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

KNOWLES BROWN LTD (REGISTERED NUMBER: 12158238)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 - 380,000

CURRENT ASSETS
Debtors 5 316,314 114,258
Cash at bank and in hand 1,373 1,614
317,687 115,872
CREDITORS
Amounts falling due within one year 6 (101,299 ) (102,068 )
NET CURRENT ASSETS 216,388 13,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,388

393,804

CREDITORS
Amounts falling due after more than one
year

7

-

(192,097

)
NET ASSETS 216,388 201,707

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 216,385 201,704
216,388 201,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





G P Freiberg - Director


KNOWLES BROWN LTD (REGISTERED NUMBER: 12158238)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024


1. STATUTORY INFORMATION

Knowles Brown Ltd is a private company, limited by shares, registered in England and Wales. Its registered office address is Leylands, High Road, Soulbury, United Kingdom, LU7 0BY and the registered number is 12158238.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentational currency of the financial statements is the Pound Sterling (£) and figures are rounded to the nearest £1.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
(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.

Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it related to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current or deferred taxation assets and liabilities are not discounted.

(i) Current tax
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

(ii) Deferred tax
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

KNOWLES BROWN LTD (REGISTERED NUMBER: 12158238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 380,000
Disposals (380,000 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 380,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 316,314 114,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,042 -
Other creditors 98,257 102,068
101,299 102,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 192,097

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5 years by
instalments

-

192,097

8. SECURED DEBTS

On 3 March 2023, a fixed charge was registered over the assets of the company in relation to a mortgage provided by a lender.

KNOWLES BROWN LTD (REGISTERED NUMBER: 12158238)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


9. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £315,952 (2023: £114,202) by companies with common directors and shareholders. The loans are interest free and repayable upon demand.

At the balance sheet date the company owed £96,253 (2023: £100,240) to companies with common directors and shareholders. The loans are interest free and repayable upon demand.