Company registration number 06030510 (England and Wales)
KNOCKLONG ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KNOCKLONG ESTATES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
KNOCKLONG ESTATES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,557,709
6,230,733
Investments
4
736,758
698,644
7,294,467
6,929,377
Current assets
Debtors
5
3,119,307
2,458,955
Cash at bank and in hand
344
194
3,119,651
2,459,149
Creditors: amounts falling due within one year
6
(5,453,292)
(4,714,263)
Net current liabilities
(2,333,641)
(2,255,114)
Total assets less current liabilities
4,960,826
4,674,263
Creditors: amounts falling due after more than one year
7
(2,866,816)
(2,765,269)
Net assets
2,094,010
1,908,994
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
2,094,009
1,908,993
Total equity
2,094,010
1,908,994
KNOCKLONG ESTATES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 September 2025 and are signed on its behalf by:
A Ryan
Director
Company registration number 06030510 (England and Wales)
KNOCKLONG ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Knocklong Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is Millars Three, Southmill Road, Bishop's Stortford, Hertfordshire, CM23 3DH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Properties
2% on the straight line basis
Office equipment
25% on the reducing balance basis
Furniture & fittings
25% on the reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

KNOCKLONG ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

KNOCKLONG ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

KNOCKLONG ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
0
0
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
7,006,091
390,803
7,396,894
Additions
488,286
8,540
496,826
At 31 December 2024
7,494,377
399,343
7,893,720
Depreciation and impairment
At 1 January 2024
873,641
292,520
1,166,161
Depreciation charged in the year
144,924
24,926
169,850
At 31 December 2024
1,018,565
317,446
1,336,011
Carrying amount
At 31 December 2024
6,475,812
81,897
6,557,709
At 31 December 2023
6,132,450
98,283
6,230,733
KNOCKLONG ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
495,000
495,000
Other investments other than loans
241,758
203,644
736,758
698,644
Movements in fixed asset investments
Shares in associates
Other investments
Total
£
£
£
Cost or valuation
At 1 January 2024
495,000
203,644
698,644
Additions
-
38,114
38,114
At 31 December 2024
495,000
241,758
736,758
Carrying amount
At 31 December 2024
495,000
241,758
736,758
At 31 December 2023
495,000
203,644
698,644
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Corporation tax recoverable
731,705
565,595
Amounts owed by group undertakings
332,450
332,450
Other debtors
2,055,152
1,560,910
3,119,307
2,458,955
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
406,000
420,000
Trade creditors
11,747
5,447
Amounts owed to group undertakings
3,903,676
3,421,372
Corporation tax
343,312
167,717
Other creditors
788,557
699,727
5,453,292
4,714,263

The bank loans and overdraft are secured by a fixed and floating charge over the assets of the company.

KNOCKLONG ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,536,816
2,435,269
Other creditors
330,000
330,000
2,866,816
2,765,269

The bank loans and overdraft are secured by a fixed and floating charge over the assets of the company.

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
1 Ordinary share of £1 each
1
1
1
1
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

During the year rent of £523,500 (2023: £506,000) and a management charge of £652,000 (2023: £547,000) was received from Fairmont Residential Limited, a fellow wholly owned subsidiary of AJR Holdings Limited.

Included in creditors is a balance of £3,903,676 (202 3: £3,421,372) due to Fairmont Residential Limited.

Included in other debtors is a balance of £332,450 (202 3: £332,450) due from AJR Holdings Limited.

10
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
Directors Loan
2.50
1,547,058
452,466
39,713
2,039,237
1,547,058
452,466
39,713
2,039,237
11
Parent company

The company is controlled by AJR Holdings Limited, a company registered in Jersey. AJR Holdings Limited is controlled by A Ryan by virtue of his majority shareholding.

2024-12-31 2024-01-01 false false false 12 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity A Ryan Ms D N Baurmann E Ryan 06030510 2024-01-01 2024-12-31 06030510 2024-12-31 06030510 2023-12-31 06030510 core:LandBuildings 2024-12-31 06030510 core:OtherPropertyPlantEquipment 2024-12-31 06030510 core:LandBuildings 2023-12-31 06030510 core:OtherPropertyPlantEquipment 2023-12-31 06030510 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06030510 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06030510 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 06030510 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 06030510 core:CurrentFinancialInstruments 2024-12-31 06030510 core:CurrentFinancialInstruments 2023-12-31 06030510 core:Non-currentFinancialInstruments 2024-12-31 06030510 core:Non-currentFinancialInstruments 2023-12-31 06030510 core:ShareCapital 2024-12-31 06030510 core:ShareCapital 2023-12-31 06030510 core:RetainedEarningsAccumulatedLosses 2024-12-31 06030510 core:RetainedEarningsAccumulatedLosses 2023-12-31 06030510 core:ShareCapitalOrdinaryShareClass1 2024-12-31 06030510 core:ShareCapitalOrdinaryShareClass1 2023-12-31 06030510 bus:Director1 2024-01-01 2024-12-31 06030510 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06030510 core:FurnitureFittings 2024-01-01 2024-12-31 06030510 core:ComputerEquipment 2024-01-01 2024-12-31 06030510 2023-01-01 2023-12-31 06030510 core:LandBuildings 2023-12-31 06030510 core:OtherPropertyPlantEquipment 2023-12-31 06030510 2023-12-31 06030510 core:LandBuildings 2024-01-01 2024-12-31 06030510 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 06030510 core:WithinOneYear 2024-12-31 06030510 core:WithinOneYear 2023-12-31 06030510 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06030510 bus:OrdinaryShareClass1 2024-12-31 06030510 bus:OrdinaryShareClass1 2023-12-31 06030510 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06030510 bus:FRS102 2024-01-01 2024-12-31 06030510 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06030510 bus:Director2 2024-01-01 2024-12-31 06030510 bus:CompanySecretary1 2024-01-01 2024-12-31 06030510 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06030510 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP