Richard Knowlton Associates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 09087959

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,516		1,911
Investment Properties	5		348,000		405,000

			349,516		406,911
CURRENT ASSETS
Debtors	6	9,662		7,565
Cash at bank and in hand		228,144		239,337

		237,806		246,902
Creditors: Amounts Falling Due Within One Year	7	(228,552 )		(245,951 )

NET CURRENT ASSETS (LIABILITIES)			9,254		951

TOTAL ASSETS LESS CURRENT LIABILITIES			358,770		407,862

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		-		(7,287 )

NET ASSETS			358,770		400,575

CAPITAL AND RESERVES
Called up share capital	9		2		2
Fair value reserve	10		(16,653 )		29,517
Profit and Loss Account			375,421		371,056

SHAREHOLDERS' FUNDS			358,770		400,575

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Richard Knowlton Associates Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Knowlton

Director

27 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Richard Knowlton Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09087959 . The registered office is Ground Floor, 10 Market Place, Devizes, Wiltshire, SN10 1HT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing balance
Computer Equipment	25% Reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Richard Knowlton Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 April 2025	2,633	956	3,589

As at 31 March 2026	2,633	956	3,589

Depreciation
As at 1 April 2025	949	729	1,678
Provided during the period	338	57	395

As at 31 March 2026	1,287	786	2,073

...CONTINUED

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Richard Knowlton Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	1,346	170	1,516

As at 1 April 2025	1,684	227	1,911

5. Investment Property

	2026
	£
Fair Value
As at 1 April 2025	405,000
Fair value adjustments	(57,000 )

As at 31 March 2026	348,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2026	2025
	£	£
Cost	368,559	368,559

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	4,763	6,249
Other debtors	1,281	1,316

	6,044	7,565
Due after more than one year
Other debtors	3,618	-

	9,662	7,565

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1,624	136
Other creditors	225,829	244,944
Taxation and social security	1,099	871

	228,552	245,951

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Richard Knowlton Associates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Accelerated capital allowances	288	363
Revaluation of investment property	(3,906)	6,924

Net deferred tax (asset) / liability	(3,618)	7,287

	2026	2025
	£	£
Other timing differences	-	7,287

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

10. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 April 2025	29,517	371,056
Loss for the year and total comprehensive income	-	(41,805 )

Transfer to/from Fair value reserve	-	46,170
Transfer to/from Profit & Loss Account	(46,170 )	-

As at 31 March 2026	(16,653 )	375,421

The non-distributable fair value reserve is used to transfer the revaluations of investment property, net of deferred tax provision, away from the profit and loss account.

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