Registered number: 11260536
Knablim Properties Ltd
Unaudited
Financial Statements
Information For Filing With The Registrar
For the year ended 31 December 2025
Knablim Properties Limited
Company information
2
Statement of financial position
3
Notes to the financial statements
5
Company information
Directors
F Milbank
S Milbank
S T G Milbank
Registered number
11260536
Registered office
Lindsey House
Brunel Way
Severalls Industrial Park
Colchester
Essex
CO4 9QX
2
Knablim Properties Limited
Registered number: 11260536
Statement of financial position
As at 31 December 2025
Note
| 2025
£
| 2025
£
| 2024
£
| 2024
£
| ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Fixed assets
|
)
|
)
|
)
|
)
| ||||||
Tangible fixed assets
|
4
|
)
|
23,626
)
|
)
|
3,394
)
| |||||
Investment property
|
5
|
)
|
4,855,915
)
|
)
|
3,399,579
)
| |||||
)
|
4,879,541
)
|
)
|
3,402,973
)
| |||||||
Current assets
|
)
|
)
|
)
|
)
| ||||||
Debtors
|
6
|
136,706
)
|
)
|
88,188
)
|
)
| |||||
Cash at bank and in hand
|
203,633
)
|
)
|
334,988
)
|
)
| ||||||
340,339
)
|
)
|
423,176
)
|
)
| |||||||
Creditors: amounts falling due within one year
|
7
|
(2,171,771)
|
)
|
(1,265,417)
|
)
| |||||
Net current liabilities
|
)
|
(1,831,432)
|
)
|
(842,241)
| ||||||
Total assets less current liabilities
|
)
|
3,048,109
)
|
)
|
2,560,732
)
| ||||||
Creditors: amounts falling due after more than one year
|
8
|
)
|
(2,365,020)
|
)
|
(1,971,225)
| |||||
)
|
683,089
)
|
)
|
589,507
)
| |||||||
Provisions for liabilities
|
)
|
)
|
)
|
)
| ||||||
Deferred taxation
|
9
|
(38,520)
|
)
|
(21,045)
|
)
| |||||
)
|
(38,520)
|
)
|
(21,045)
| |||||||
Net assets
|
)
|
644,569
)
|
)
|
568,462
)
| ||||||
Capital and reserves
|
)
|
)
|
)
|
)
| ||||||
Called up share capital
|
)
|
100
)
|
)
|
100
)
| ||||||
Profit and loss account
|
)
|
644,469
)
|
)
|
568,362
)
| ||||||
Total capital and reserves
|
)
|
644,569
)
|
)
|
568,462
)
|
3
Knablim Properties Limited
Registered number: 11260536
Statement of financial position
As at 31 December 2025
For the year ending 31 December 2025, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the Company to obtain an audit 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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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 Single statement of comprehensive income in accordance with the 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:
| S Milbank | |
| Director | |
Date: 17 September 2026
4
Knablim Properties Limited
Notes to the financial statements
For the year ended 31 December 2025
1
General information
Knablim Properties Limited is a private company limited by shares and is incorporated in England & Wales. The address of its registered office is Lindsey House, Brunel Way,Severalls Industrial Park, Colchester, Essex.
The principal activity of the Company continued to be that of a property letting company.
2
Accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated.
2.1
Basis of preparation of financial statements
The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The Company's functional and presentational currency is the Pound Sterling.
2.2
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue trading for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3
Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.
2.4
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits with financial institutions repayable without penalty on notice of not more than 24 hours, other highly liquid investments that mature in no more than three months from the date of acquisition and bank overdrafts. Bank overdrafts, where applicable, are shown within 'Creditors: amounts due within one year'.
2.5
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
5
Knablim Properties Limited
Notes to the financial statements
For the year ended 31 December 2025
2
Accounting policies
2.6
Financial instruments
Financial assets
Financial assets are initially measured at transaction price, including transaction costs, and subsequently held at cost less accumulated impairment, or at amortised cost using the effective interest method in the case of debt instruments meeting the criteria for recognition as basic financial instruments.
At each reporting date, financial assets are assessed for objective evidence of impairment with any impairment loss recognised in profit or loss. An impairment loss is calculated as the difference between the carrying amount and the best estimate of the recoverable amount which is an approximation of its sale value at the balance sheet date or, for basic debt instruments, the present value of estimated cash flows discounted at the asset’s original effective interest rate.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Financial assets are derecognised when:
- the contractual rights to the cash flows from the asset expire or are settled; or
- substantially all the risks and rewards of the ownership of the asset are transferred to another party; or
- despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, unless the arrangement constitutes a financing transaction, are initially measured at transaction price, including transaction costs.
Loans from persons within a Director's group of close family members, when that group contains at least one shareholder in the Company, to the Company are also initially measured at transaction price.
A financial liability, where the arrangement constitutes a financing transaction, is initially measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument as determined at initial recognition adjusted for transaction costs.
Basic financial liabilities are subsequently carried at amortised cost, using the effective interest rate method.
Financial liabilities are derecognised when the liability is extinguished, either by way of the contractual obligation having been discharged, cancelled or expired.
6
Knablim Properties Limited
Notes to the financial statements
For the year ended 31 December 2025
2
Accounting policies
2.7
Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item recognised in other comprehensive income or directly in equity. In this case, the tax is 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 balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
2.8
Tangible fixed assets
Tangible fixed assets are initially recognised at cost. Cost includes the purchase price and any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is calculated to allocate the depreciable amount of tangible fixed assets to their residual values over their estimated useful lives on the following basis:
Fixtures and fittings - 20% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
3
Employees
The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
7
Knablim Properties Limited
Notes to the financial statements
For the year ended 31 December 2025
4
Tangible fixed assets
Fixtures and fittings
£
| Total
£
| |||
|---|---|---|---|---|
Cost
|
)
|
)
| ||
At 1 January 2025
|
4,631
)
|
4,631
)
| ||
Additions
|
22,992
)
|
22,992
)
| ||
At 31 December 2025
|
27,623
)
|
27,623
)
| ||
Depreciation and impairment
|
)
|
)
| ||
At 1 January 2025
|
(1,237)
|
(1,237)
| ||
Charge for the year on owned assets
|
(2,760)
|
(2,760)
| ||
At 31 December 2025
|
(3,997)
|
(3,997)
| ||
Net book value
|
)
|
)
| ||
At 31 December 2025
|
23,626
)
|
23,626
)
| ||
At 31 December 2024
|
3,394
)
|
3,394
)
|
5
Investment property
Freehold investment property
£
| Total
£
| |||
|---|---|---|---|---|
Valuation
|
)
|
)
| ||
At 1 January 2025
|
3,399,579
)
|
3,399,579
)
| ||
Additions
|
1,456,336
)
|
1,456,336
)
| ||
At 31 December 2025
|
4,855,915
)
|
4,855,915
)
|
The 2025 valuations were made by the Directors, on an open market value for existing use basis.
6
Debtors
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Due within one year
|
)
|
)
| ||
Debtors
|
99,311
)
|
43,619
)
| ||
Other debtors
|
37,395
)
|
44,569
)
| ||
136,706
)
|
88,188
)
|
8
Knablim Properties Limited
Notes to the financial statements
For the year ended 31 December 2025
7
Creditors: amounts falling due within one year
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Bank loans
|
116,860
)
|
127,783
)
| ||
Trade creditors
|
42,410
)
|
7,218
)
| ||
Corporation tax
|
8,368
)
|
43,662
)
| ||
Other creditors
|
2,004,133
)
|
1,086,754
)
| ||
2,171,771
)
|
1,265,417
)
|
Bank loans are secured over the assets to which they relate.
8
Creditors: amounts falling due after more than one year
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Bank loans
|
2,365,020
)
|
1,971,225
)
|
Other creditors relate to long term loans secured over the assets to which they relate. Amounts repayable more than five years from the balance sheet date equate to £1,941,235 (2024: £1,347,702). This consists of three loans, repayable by monthly instalments, at an interest rate of 1.95% above the base rate.
9
Deferred taxation
The deferred tax balance is made up as follows:
2025
£
| 2024
£
| |||
|---|---|---|---|---|
Accelerated capital allowances
|
(38,280)
|
(21,045)
| ||
Revaluations
|
(240)
|
-
)
| ||
(38,520)
|
(21,045)
|
2025
£
| ||
|---|---|---|
At 1 January 2025
|
(21,045)
| |
Charged to profit or loss
|
(17,475)
| |
At 31 December 2025
|
(38,520)
|
10
Transactions with directors
Other creditors include an interest free loan of £405,280 (2024: £405,280) from a director which is repayable on demand.
9