ETERNAL KNOT LTD


Directors	D Atkinson
	E Atkinson
	R Charlton


Company Secretary	E Atkinson


Registered Address	3 Whitebridge Avenue
	Leeds
	LS9 0EJ


Registered Number	11078401 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	4		30		30
Investment property	3		1,196,707		1,196,707
			1,196,737		1,196,737
Current assets
Debtors		16,181		13,247
Cash at bank and on hand		28,432		12,879
		44,613		26,126
Creditors amounts falling due within one year	5	(13,119)		(8,860)
Net current assets (liabilities)			31,494		17,266
Total assets less current liabilities			1,228,231		1,214,003
Creditors amounts falling due after one year	6		(870,656)		(900,736)
Net assets			357,575		313,267
Capital and reserves
Revaluation reserve			212,406		212,406
Profit and loss account			145,169		100,861
Shareholders' funds			357,575		313,267

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 15 May 2025, and are signed on its behalf by:

R Charlton
Director
Registered Company No. 11078401

ETERNAL KNOT LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from rendering of services
	Revenue from rentals is recognised by reference to the period of occupation.

	Dividend income
	Dividend income is recognised when the right to receive payment is established.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Investments
	Investments in subsidiaries are measured at cost less any accumulated impairment losses.

	Investment property
	Investment properties are not depreciated and are revalued regularly by the directors.

2.	Average number of employees
	The company has no employees, all administrative duties are carried out by the directors.


		2025		2024
	Average number of employees during the year	0		0

3.	Investment property


		£
	Fair value at 01 April 24	1,196,707
	At 31 March 25	1,196,707

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	30	30
At 31 March 25	30	30
Net book value
At 31 March 25	30	30
At 31 March 24	30	30

	Notes
	¹Investments in group undertakings and participating interests

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	6,827	1,844
Other creditors	941	941
Accrued liabilities and deferred income	5,351	6,075
Total	13,119	8,860

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	724,861	724,861
Other creditors	145,795	175,875
Total	870,656	900,736


	Other creditors represents amounts owed to shareholders. The shareholders have agreed that these amounts have no fixed repayment terms and have agreed that they will be classified as due after more than one year.