Knightstone Property Development Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 12371995

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		21,000		21,000

			21,000		21,000
CURRENT ASSETS
Debtors	5	22,198		100
Cash at bank and in hand		5,674		-

		27,872		100
Creditors: Amounts Falling Due Within One Year	6	(22,468 )		(500 )

NET CURRENT ASSETS (LIABILITIES)			5,404		(400 )

TOTAL ASSETS LESS CURRENT LIABILITIES			26,404		20,600

NET ASSETS			26,404		20,600

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			26,304		20,500

SHAREHOLDERS' FUNDS			26,404		20,600

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A J Scott

Director

23/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Knightstone Property Development Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12371995 . The registered office is Unit 200 Park Way, Worle, Weston-Super-Mare, England, BS22 6WA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is recognised for goods and services supplied in the normal course of business when it is probable that the economic benefits will flow to the company, the amount can be measured reliably, and when the significant risks and rewards of ownership or the stage of completion of services can be assessed with reasonable certainty.

2.3. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

2.4. Trade Debtors

Trade debtors are recognised at the transaction price and subsequently measured at amortised cost, less any provision for impairment. A provision for impairment is made when there is objective evidence that the company will not be able to collect the full amount due.

2.5. Trade Creditors

Trade creditors are recognised at the transaction price and subsequently measured at amortised cost. Amounts are classified as current liabilities unless the company has an unconditional right to defer settlement for at least twelve months after the reporting date.

2.6. Investments

Investments are recognised at cost less impairment, except where a reliable fair value is available, in which case they are measured at fair value with changes recognised in profit or loss. Income from investments is recognised in the profit and loss account when receivable.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Investments

	Associates
	£
Cost or Valuation
As at 1 January 2024	21,000

As at 31 December 2024	21,000

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	21,000

As at 1 January 2024	21,000

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Knightstone Property Development Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Details of undertakings

The company holds 24.81% (2023: 24.81%) of the ordinary share capital of Augmented Reality Creations Ltd, a company registered in England, which confers the same proportion of voting rights.

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	133	-
Other debtors	22,065	100

	22,198	100

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	9,905	-
Other creditors	12,120	500
Taxation and social security	443	-

	22,468	500

7. Share Capital

	2024	2023
	£	£
Called Up Share Capital not Paid	100	100

Amount of Allotted, Called Up Share Capital	100	100

8. Related Party Transactions

At 31 December 2024 the company owed £12,000 (2023: £nil) to Ascot Group Holdings Ltd and was owed £21,965 (2023: £nil) by Ascot Property Management Ltd. These companies are under common control.

The balances are unsecured, interest free and repayable on demand.

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