REGISTERED NUMBER: 11063595 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Knight Young Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S Sidhu

Mrs K Kaur

REGISTERED OFFICE:

1 Agincourt Villas

Uxbridge Road

Hillingdon

Middlesex

UB10 0NX

REGISTERED NUMBER:

11063595 (England and Wales)

ACCOUNTANTS:

SK Associates Ltd

1 Agincourt Villas

Uxbridge Road

Hillingdon

Middlesex

UB10 0NX

FIXED ASSETS

Intangible assets

4

85,411

91,661

Tangible assets

5

708,108

714,578

793,519

806,239

CURRENT ASSETS

Debtors

6

5,376

6,000

Prepayments and accrued income

52,221

50,487

Cash at bank and in hand

309,348

283,149

366,945

339,636

CREDITORS

Amounts falling due within one year

7

712,661

714,110

NET CURRENT LIABILITIES

(345,716

)

(374,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

447,803

431,765

CREDITORS

Amounts falling due after more than one year

8

(386,614

)

(396,969

)

PROVISIONS FOR LIABILITIES

(1,235

)

(1,235

)

NET ASSETS

59,954

33,561

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,854

33,461

59,954

33,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2025 and were signed on its behalf by:

J S Sidhu - Director

1.	STATUTORY INFORMATION

Knight Young Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

125,000

AMORTISATION

At 1 January 2024

33,339

Amortisation for year

6,250

At 31 December 2024

39,589

NET BOOK VALUE

At 31 December 2024

85,411

At 31 December 2023

91,661

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

666,430

75,000

26,479

21,808

789,717

Additions

-

-

-

3,949

3,949

At 31 December 2024

666,430

75,000

26,479

25,757

793,666

DEPRECIATION

At 1 January 2024

-

52,478

12,362

10,299

75,139

Charge for year

-

4,504

2,823

3,092

10,419

At 31 December 2024

-

56,982

15,185

13,391

85,558

NET BOOK VALUE

At 31 December 2024

666,430

18,018

11,294

12,366

708,108

At 31 December 2023

666,430

22,522

14,117

11,509

714,578

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

5,376

6,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

45,320

45,320

Trade creditors

4,295

950

Taxation and social security

44,703

29,639

Other creditors

618,343

638,201

712,661

714,110

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

386,614

396,969

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

J S Sidhu

Balance outstanding at start of year

90,903

42,334

Amounts advanced

-

48,569

Amounts repaid

(37,078

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

53,825

90,903

Mrs K Kaur

Balance outstanding at start of year

90,902

42,334

Amounts advanced

-

48,568

Amounts repaid

(37,077

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

53,825

90,902