Hilary Knight Management Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05339914

HILARY KNIGHT MANAGEMENT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

HILARY KNIGHT MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		5,340		5,725

CURRENT ASSETS

Debtors	6	73,455	75,424
Cash at bank and in hand		39,491	27,564
		---------	---------
		112,946	102,988

CREDITORS: amounts falling due within one year	7	32,024		30,321
		---------		---------
NET CURRENT ASSETS			80,922		72,667
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			86,262		78,392
			--------		--------
NET ASSETS			86,262		78,392
			--------		--------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	86,162	78,292
	--------	--------
SHAREHOLDERS FUNDS	86,262	78,392
	--------	--------

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 income and retained earnings has not been delivered.

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

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

HILARY KNIGHT MANAGEMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 2025 , and are signed on behalf of the board by:

Mrs H J Knight Director

Company registration number: 05339914

HILARY KNIGHT MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 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 Grange Farm, Church Lane Old, Northampton, NN6 9QZ, United Kingdom.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property Improvements	-	10% straight line
Equipment	-	25% reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 1 ).

5. TANGIBLE ASSETS

	Long leasehold property	Equipment	Total
	£	£	£
Cost
At 1 April 2024	21,783	20,327	42,110
Additions	–	1,142	1,142
	--------	--------	--------
At 31 March 2025	21,783	21,469	43,252
	--------	--------	--------
Depreciation
At 1 April 2024	21,783	14,602	36,385
Charge for the year	–	1,527	1,527
	--------	--------	--------
At 31 March 2025	21,783	16,129	37,912
	--------	--------	--------
Carrying amount
At 31 March 2025	–	5,340	5,340
	--------	--------	--------
At 31 March 2024	–	5,725	5,725
	--------	--------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	2,040	35,407
Other debtors	71,415	40,017
	--------	--------
	73,455	75,424
	--------	--------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	27,165	23,581
Social security and other taxes	3,059	4,359
Other creditors	1,800	2,381
	--------	--------
	32,024	30,321
	--------	--------

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs H J Knight	7,972	54,716	( 24,000)	38,688
	-------	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs H J Knight	8,539	23,433	( 24,000)	7,972
	-------	--------	--------	-------