Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01 The principal activity of the company continued to be that of property letting company.3 3 true false 11260536 2024-01-01 2024-12-31 11260536 2023-01-01 2023-12-31 11260536 2024-12-31 11260536 2023-12-31 11260536 1 2024-01-01 2024-12-31 11260536 d:Director1 2024-01-01 2024-12-31 11260536 c:FurnitureFittings 2024-01-01 2024-12-31 11260536 c:FurnitureFittings 2024-12-31 11260536 c:FurnitureFittings 2023-12-31 11260536 c:FurnitureFittings c:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 11260536 c:FreeholdInvestmentProperty 2024-01-01 2024-12-31 11260536 c:FreeholdInvestmentProperty 2024-12-31 11260536 c:FreeholdInvestmentProperty 2023-12-31 11260536 c:CurrentFinancialInstruments 2024-12-31 11260536 c:CurrentFinancialInstruments 2023-12-31 11260536 c:Non-currentFinancialInstruments 2024-12-31 11260536 c:Non-currentFinancialInstruments 2023-12-31 11260536 c:CurrentFinancialInstruments c:WithinOneYear 2024-12-31 11260536 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 11260536 c:Non-currentFinancialInstruments c:AfterOneYear 2024-12-31 11260536 c:Non-currentFinancialInstruments c:AfterOneYear 2023-12-31 11260536 c:ShareCapital 2024-12-31 11260536 c:ShareCapital 2023-12-31 11260536 c:RetainedEarningsAccumulatedLosses 2024-12-31 11260536 c:RetainedEarningsAccumulatedLosses 2023-12-31 11260536 c:AcceleratedTaxDepreciationDeferredTax 2024-12-31 11260536 c:AcceleratedTaxDepreciationDeferredTax 2023-12-31 11260536 d:FRS102 2024-01-01 2024-12-31 11260536 d:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 11260536 d:FullAccounts 2024-01-01 2024-12-31 11260536 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11260536 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 11260536 KNABLIM PROPERTIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
KNABLIM PROPERTIES LIMITED REGISTERED NUMBER: 11260536 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 3,394 |  | 1,681
Investment property | 5 |  | 3,399,579 |  | 2,808,574
|  |  | 3,402,973 |  | 2,810,255
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 88,188 |  | 108,129 |
Cash at bank and in hand |  | 334,988 |  | 69,309 |
|  | 423,176 |  | 177,438 |
Creditors: amounts falling due within one year | 7 | (1,265,417) |  | (1,225,882) |
Net current liabilities |  |  | (842,241) |  | (1,048,444)
Total assets less current liabilities |  |  | 2,560,732 |  | 1,761,811
Creditors: amounts falling due after more than one year | 8 |  | (1,971,225) |  | (1,310,187)
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (21,045) |  | (19,330) |
|  |  | (21,045) |  | (19,330)
Net assets |  |  | 568,462 |  | 432,294
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 568,362 |  | 432,194
|  |  | 568,462 |  | 432,294
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KNABLIM PROPERTIES LIMITED REGISTERED NUMBER: 11260536 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ Mr S R Milbank
Director
Date: 12 September 2025
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KNABLIM PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Knablim Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lindsey House, Brunel Way, Severalls Industrial Park, Colchester, Essex, CO4 9QX. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
| 2.3 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.
| 2.4 | Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
| 2.5 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision Page 3
KNABLIM PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | Financial instruments (continued)
for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial. Derecognition of financial instruments Derecognition of financial assets Financial assets are derecognised when their contractual right to future cash flow expire, or are Page 4
KNABLIM PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | Financial instruments (continued)
settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained. Derecognition of financial liabilities Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 5
KNABLIM PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 20% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
3. | Employees
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Wages and salaries | - | 6,293
|  | - | 6,293
| The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
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KNABLIM PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Tangible fixed assets
|  | Fixtures and fittings
|  | £
| Cost or valuation |
| At 1 January 2024 | 2,401
| Additions | 2,230
| At 31 December 2024 | 4,631
| Depreciation |
| At 1 January 2024 | 720
| Charge for the year on owned assets | 517
| At 31 December 2024 | 1,237
| Net book value |
| At 31 December 2024 | 3,394
| At 31 December 2023 | 1,681
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2024 | 2,808,574
| Additions at cost | 591,005
| At 31 December 2024 | 3,399,579
The 2024 valuations were made by the Directors, on an open market value for existing use basis.
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KNABLIM PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 43,619 | 90,096
| Other debtors | 44,569 | 18,033
|  | 88,188 | 108,129
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 127,783 | 87,652
| Trade creditors | 7,218 | 5,873
| Corporation tax | 43,662 | 40,549
| Other creditors | 1,086,754 | 1,091,808
|  | 1,265,417 | 1,225,882
| Bank loans are secured over the assets to which they relate.
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Other creditors | 1,971,225 | 1,310,187
|  | 1,971,225 | 1,310,187
| Other creditors relate to long term loans secured over the assets to which they relate. Amounts repayable more than five years from the balance sheet date equate to £1,347,702 (2023: £870,416). This is consists of three loans, repayable by monthly instalments, at interest rates of 2.75%, 2.84% and 1.95% above the base rate.
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KNABLIM PROPERTIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | (19,330)
| Charged to profit or loss | (1,715)
| At end of year | (21,045)
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | (21,045) | (19,330)
|  | (21,045) | (19,330)
10. | Post balance sheet events
Subsequent to the period end the Company repaid £1,310,741 of the liabilities owed at the balance sheet date, and the charges held by Lloyds in relation to these were released.
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