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REGISTERED NUMBER: 04138348 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

for

Knaresborough Investments Limited

Knaresborough Investments Limited (Registered number: 04138348)

Contents of the Financial Statements

for the Period 1 April 2024 to 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Knaresborough Investments Limited

Company Information

for the Period 1 April 2024 to 31 December 2024

| DIRECTORS: | D A Hodkin

| S N Parkin

| REGISTERED OFFICE: | Knaresborough Group

| 1 City West

| Gelderd Road

| Leeds

| LS12 6NJ

| REGISTERED NUMBER: | 04138348 (England and Wales)

Knaresborough Investments Limited (Registered number: 04138348)

Balance Sheet

31 December 2024

| 31/12/24 |  | 31/3/24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | - |  |

Investments | 5 | 139,965,678 |  | 114,664,951 |  |

139,965,678 |  | 114,664,951 |  |

CURRENT ASSETS

Debtors | 6 | 29,040,908 |  | 97,325,698 |  |

Investments | 7 | 34,900,798 |  | 7 |  |

Cash at bank and in hand | 15,373,172 |  | 19,070 |  |

79,314,878 |  | 97,344,775 |  |

CREDITORS

Amounts falling due within one year | 8 | (69,511,169 | ) | (57,143,737 | ) |

NET CURRENT ASSETS | 9,803,709 |  | 40,201,038 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 149,769,387 |  | 154,865,989 |  |

CAPITAL AND RESERVES

Called up share capital | 9,955 |  | 9,955 |  |

Revaluation reserve | 9 | (50,334 | ) | (50,333 | ) |

Fair value reserve | 9 | (5,173,475 | ) | (5,141,440 | ) |

Retained earnings | 154,983,241 |  | 160,047,807 |  |

SHAREHOLDERS' FUNDS | 149,769,387 |  | 154,865,989 |  |

Knaresborough Investments Limited (Registered number: 04138348)

Balance Sheet - continued

31 December 2024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2026 and were signed on its behalf by:

S N Parkin - Director

Knaresborough Investments Limited (Registered number: 04138348)

Notes to the Financial Statements

for the Period 1 April 2024 to 31 December 2024

1. | STATUTORY INFORMATION

| Knaresborough Investments 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.

| Preparation of consolidated financial statements

| The financial statements contain information about Knaresborough Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Investment income and other operating income

| The investment income and other operating income shown in the profit and loss account represents dividend income received in relation to investments made in listed securities during the year, and the realised gains from such investments.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Motor vehicles - 33% straight line

| Investments in subsidiaries and associates

| Investments in subsidiary and associate undertakings are recognised at cost.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 3 (2024 - 3 ) .

Knaresborough Investments Limited (Registered number: 04138348)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 31 December 2024

4. | TANGIBLE FIXED ASSETS

| Plant and

| machiner

| etc

£ |

| COST

| At 1 April 2024

| and 31 December 2024 | 14,550 |  |

| DEPRECIATION

| At 1 April 2024

| and 31 December 2024 | 14,550 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

5. | FIXED ASSET INVESTMENTS

| Share in |  | Interest |

| grp |  | in |  | Other |

| undertakings |  | associates |  | investments |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 April 2024 | 753,510 |  | 85,073,101 |  | 28,838,340 |  | 114,664,951 |  |

| Additions | - |  | (6,813,726 | ) | 32,146,488 |  | 25,332,762 |  |

| Revaluations | - |  | - |  | (32,035 | ) | (32,035 | ) |

| At 31 December 2024 | 753,510 |  | 78,259,375 |  | 60,952,793 |  | 139,965,678 |  |

| NET BOOK VALUE

| At 31 December 2024 | 753,510 |  | 78,259,375 |  | 60,952,793 |  | 139,965,678 |  |

| At 31 March 2024 | 753,510 |  | 85,073,101 |  | 28,838,340 |  | 114,664,951 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/3/24

£ | £ |

| Other debtors | 29,040,908 |  | 97,325,698 |  |

7. | CURRENT ASSET INVESTMENTS

| 31/12/24 |  | 31/3/24

£ | £ |

| Listed investments | 6 |  | 7 |  |

| Other | 34,900,792 |  | - |  |

34,900,798 |  | 7 |  |

Knaresborough Investments Limited (Registered number: 04138348)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 31 December 2024

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/12/24 |  | 31/3/24

£ | £ |

| Trade creditors | 559,457 |  | 537,113 |  |

| Amounts owed to group undertakings | 975,170 |  | 975,071 |  |

| Amounts owed to participating interests | 42,597,762 |  | 38,011,515 |  |

| Other creditors | 25,378,780 |  | 17,620,038 |  |

69,511,169 |  | 57,143,737 |  |

9. | RESERVES

| Fair |

| Revaluation |  | value |

| reserve |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | (50,333 | ) | (5,141,440 | ) | (5,191,773 | ) |

| Revaluation | (1 | ) | (32,035 | ) | (32,036 | ) |

| At 31 December 2024 | (50,334 | ) | (5,173,475 | ) | (5,223,809 | ) |