REGISTERED NUMBER: 10477678 (England and Wales)

Knowsley (Image Business Park) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

P B S Bewers

P Taylor

J P White

S Corner

Registered office:

4th Floor

49 St James's Street

London

SW1A 1AH

Registered number:

10477678 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Investment property

4

6,520,000

7,100,000

Current assets

Debtors

5

3,363,047

2,050,696

Cash at bank

192,499

299,361

3,555,546

2,350,057

Creditors

Amounts falling due within one year

6

2,518,443

5,103,758

Net current assets/(liabilities)

1,037,103

(2,753,701

)

Total assets less current liabilities

7,557,103

4,346,299

Creditors

Amounts falling due after more than one year

7

(2,981,570

)

(13,094

)

Provisions for liabilities

8

(1,033,241

)

(946,534

)

Net assets

3,542,292

3,386,671

Capital and reserves

Called up share capital

9

300

300

Retained earnings

10

3,541,992

3,386,371

Shareholders' funds

3,542,292

3,386,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

P B S Bewers - Director

1.	Statutory information

Knowsley (Image Business Park) 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 as modified by the revaluation of certain assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2024 - 1 ) .

4.	Investment property

Total

£

Fair value

At 1 April 2024

7,100,000

Additions

213,175

Disposals

(960,000

)

Revaluations

166,825

At 31 March 2025

6,520,000

Net book value

At 31 March 2025

6,520,000

At 31 March 2024

7,100,000

The directors believe the market value of the investment property as at 31 March 2025, on an open market basis, was £6,520,000 (2024: £7,100,000). The directors made their decision after seeking advise from agents, a commercial real estate services firm.

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

916,588

198,784

Other debtors

2,446,459

1,851,912

3,363,047

2,050,696

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

145,466

3,710,072

Trade creditors

496,200

20,847

Taxation and social security

246,472

54,027

Other creditors

1,630,305

1,318,812

2,518,443

5,103,758

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

2,981,570

13,094

Bank loan of £3,113,941 (2024 £3,699,891) from HSBC UK BANK PLC is secured by fixed and floating charges over all the property, or undertaking of the company.

8.	Provisions for liabilities

2025

2024

£

£

Deferred tax

1,033,241

946,534

Deferred tax

£

Balance at 1 April 2024

946,534

Provided during year

86,707

Balance at 31 March 2025

1,033,241

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary-A Shares

£1

100

100

100

Ordinary-B Shares

£1

100

100

100

Ordinary-C Shares

£1

100

100

300

300

10.

Reserves

Retained

earnings

£

At 1 April 2024

3,386,371

Profit for the year

155,621

At 31 March 2025

3,541,992

This include non-distributable reserve of £3,099,721 (2024: £2,839,604), which represents unrealised profit on the remeasurement of investment properties.