ACCOUNTS - Final Accounts preparation

Registered number: 11972024

FIRST KNIGHT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2025

FIRST KNIGHT LIMITED

REGISTERED NUMBER: 11972024

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	-		151
Current asset investments	5	-		337,021
Cash at bank and in hand		16,004		653,658
		16,004		990,830
Creditors: amounts falling due within one year	6	(16,003)		(916,000)
Net current assets			1		74,830
Total assets less current liabilities			1		74,830

Net assets			1		74,830

Capital and reserves
Called up share capital	151	151
Other reserves	-	48,249
Profit and loss account	(150)	26,430
	1	74,830

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FIRST KNIGHT LIMITED

REGISTERED NUMBER: 11972024

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M S Thorley

Director

Date: 5 November 2025

The notes on pages 3 to 5 form part of these financial statements.

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FIRST KNIGHT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

First Knight Limited is a private company limited by shares and incorporated in England and Wales (Registered number 11972024). Its registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.
Accordingly the directors have continued to prepare the financial statements on the going concern basis.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Valuation of investments

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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FIRST KNIGHT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Dividends

Income from dividends is recognised when the entity's right to receive payment is established.

Employees

The average monthly number of employees, including directors, during the year was 0 (2024 - 2).

Debtors

					2025	2024
					£	£


Called up share capital not paid	-	151
	-	151

5.	Current asset investments
		2025	2024
		£	£

Unlisted investments	-	337,021
	-	337,021

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FIRST KNIGHT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	16,003	-
Other creditors	-	915,000
Accruals and deferred income	-	1,000
	16,003	916,000

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary A share of £1.00	1	1
50 (2024 - 50) Ordinary B shares of £1.00 each	50	50
50 (2024 - 50) Ordinary C shares of £1.00 each	50	50
50 (2024 - 50) Ordinary D shares of £1.00 each	50	50

	151	151

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