Knight Young Co Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03417739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

KNIGHT YOUNG CO LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Mandavia

Mr D K Mandavia

Mr A K Mandavia

SECRETARY:

Mrs M Mandavia

REGISTERED OFFICE:

109 Kingsley Road

Hounslow

Middlesex

TW3 4AJ

REGISTERED NUMBER:

03417739 (England and Wales)

ACCOUNTANTS:

Param & Company Ltd

1st Floor

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

FIXED ASSETS

Tangible assets

4

2,024

2,834

Investment property

5

360,000

360,000

362,024

362,834

CURRENT ASSETS

Debtors

31,919

38,653

Cash at bank

13,516

19,448

45,435

58,101

CREDITORS

Amounts falling due within one year

16,905

26,400

NET CURRENT ASSETS

28,530

31,701

TOTAL ASSETS LESS CURRENT LIABILITIES

390,554

394,535

CREDITORS

Amounts falling due after more than one year

-

8,201

NET ASSETS

390,554

386,334

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

390,551

386,331

390,554

386,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2022 and were signed on its behalf by:

Mr D K Mandavia - Director

1.	STATUTORY INFORMATION

Knight Young Co 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 2 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

4,050

DEPRECIATION

At 1 April 2021

1,216

Charge for year

810

At 31 March 2022

2,026

NET BOOK VALUE

At 31 March 2022

2,024

At 31 March 2021

2,834

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2021

and 31 March 2022

360,000

NET BOOK VALUE

At 31 March 2022

360,000

At 31 March 2021

360,000

Fair value at 31 March 2022 is represented by:

£

Valuation in 2017

99,539

Cost

260,461

360,000

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2021 - £4,000) were paid to the directors .