Bishop & Knight Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06798448

Bishop & Knight Estates Limited

Filleted Unaudited Financial Statements

For the year ended

31 January 2025

Bishop & Knight Estates Limited

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		6,000,001	6,000,001

Current assets

Debtors	5	1,199,859	1,204,359
Cash at bank and in hand		92,467	79,226
		------------	------------
		1,292,326	1,283,585

Creditors: amounts falling due within one year	6	1,599,599		1,589,160
		------------		------------
Net current liabilities			307,273	305,575
			------------	------------
Total assets less current liabilities			5,692,728	5,694,426

Creditors: amounts falling due after more than one year	7	2,873,306	2,893,446
		------------	------------
Net assets		2,819,422	2,800,980
		------------	------------

Capital and reserves

Called up share capital	2	2
Revaluation reserve	2,061,597	2,061,597
Profit and loss account	762,408	739,381
	------------	------------
Shareholders funds	2,824,007	2,800,980
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Bishop & Knight Estates Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

A Nicolas

Director

Company registration number: 06798448

Bishop & Knight Estates Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 February 2024 and 31 January 2025	6,000,001
	------------
Depreciation
At 1 February 2024 and 31 January 2025	–
	------------
Carrying amount
At 31 January 2025	6,000,001
	------------
At 31 January 2024	6,000,001
	------------

Tangible assets held at valuation

The freehold properties were valued by the directors on 31 January 2025, on an open market basis.

5. Debtors

	2025	2024
	£	£
Other debtors	1,199,859	1,204,359
	------------	------------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	28,585	24,001
Corporation tax	4,585	–
Other creditors	1,566,429	1,565,159
	------------	------------
	1,599,599	1,589,160
	------------	------------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,873,306	2,893,446
	------------	------------

The bank loans are capital and interest repayable in full by October 2029. Interest is charged at 2.50% above Bank of England rate. The loan is secured on some of the investment properties.

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£
K A Nicolas	( 777,750)	( 777,750)
A Nicolas	( 777,750)	( 777,750)
	------------	------------
	( 1,555,500)	( 1,555,500)
	------------	------------