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REGISTERED NUMBER: 06854340 (England and Wales)












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: G P Freiberg
T Russel
L A Russel





REGISTERED OFFICE: Leylands
High Road
Soulbury
Bedfordshire
LU7 0BY





REGISTERED NUMBER: 06854340 (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 PROPERTIES LIMITED (REGISTERED NUMBER: 06854340)

STATEMENT OF FINANCIAL POSITION
30 November 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 933,274 884,643
Debtors 5 254,708 262,676
Cash at bank 2,303 286
1,190,285 1,147,605
CREDITORS
Amounts falling due within one year 6 (1,281,931 ) (1,224,749 )
NET CURRENT LIABILITIES (91,646 ) (77,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(91,646

)

(77,144

)

CREDITORS
Amounts falling due after more than one
year

7

(108,496

)

(104,955

)
NET LIABILITIES (200,142 ) (182,099 )

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings (200,742 ) (182,699 )
SHAREHOLDERS' FUNDS (200,142 ) (182,099 )

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 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
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 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 3 (2023 - 3 ) .

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 933,274 884,643

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 254,708 262,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,852 11,454
Trade creditors 675 9,737
Taxation and social security 406 -
Other creditors 1,275,998 1,203,558
1,281,931 1,224,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 108,496 104,955

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 113,348 116,409
Other loans 805,000 805,000
918,348 921,409

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.