Knight Kefford Limited 31/10/2022 iXBRL

KNIGHT KEFFORD LIMITED - Company Information

1 31/10/2022 2022-10-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2021-11-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 07407510 2021-11-01 2022-10-31 07407510 2022-10-31 07407510 2021-10-31 07407510 2020-11-01 2021-10-31 07407510 2021-10-31 07407510 2020-10-31 07407510 core:LandBuildings core:OwnedOrFreeholdAssets 2021-11-01 2022-10-31 07407510 core:FurnitureFittingsToolsEquipment 2021-11-01 2022-10-31 07407510 bus:RegisteredOffice 2021-11-01 2022-10-31 07407510 bus:LeadAgentIfApplicable 2021-11-01 2022-10-31 07407510 bus:Director1 2021-11-01 2022-10-31 07407510 bus:Director2 2021-11-01 2022-10-31 07407510 core:LandBuildings core:OwnedOrFreeholdAssets 2021-10-31 07407510 core:FurnitureFittingsToolsEquipment 2021-10-31 07407510 core:LandBuildings core:OwnedOrFreeholdAssets 2022-10-31 07407510 core:FurnitureFittingsToolsEquipment 2022-10-31 07407510 core:RetainedEarningsAccumulatedLosses 2020-11-01 2021-10-31 07407510 core:RetainedEarningsAccumulatedLosses 2021-11-01 2022-10-31 07407510 core:WithinOneYear 2022-10-31 07407510 core:WithinOneYear 2021-10-31 07407510 core:UKTax 2021-11-01 2022-10-31 07407510 core:UKTax 2020-11-01 2021-10-31 07407510 bus:AllOrdinaryShares 2021-11-01 2022-10-31 07407510 bus:AllOrdinaryShares 2020-11-01 2021-10-31 07407510 core:ShareCapital 2022-10-31 07407510 core:ShareCapital 2021-10-31 07407510 core:RetainedEarningsAccumulatedLosses 2022-10-31 07407510 core:RetainedEarningsAccumulatedLosses 2021-10-31 07407510 core:ShareCapital 2020-10-31 07407510 core:RetainedEarningsAccumulatedLosses 2020-10-31 07407510 core:AcceleratedTaxDepreciationDeferredTax 2022-10-31 07407510 core:AcceleratedTaxDepreciationDeferredTax 2021-10-31 07407510 core:LandBuildings core:OwnedOrFreeholdAssets 2021-10-31 07407510 core:FurnitureFittingsToolsEquipment 2021-10-31 07407510 core:DeferredTaxation 2021-10-31 07407510 core:DeferredTaxation 2022-10-31 07407510 core:DeferredTaxation 2021-11-01 2022-10-31 07407510 bus:Director1 2021-10-31 07407510 bus:Director1 2022-10-31 07407510 bus:Director1 2020-10-31 07407510 bus:Director1 2021-10-31 07407510 bus:Director1 2020-11-01 2021-10-31 07407510 bus:SmallEntities 2021-11-01 2022-10-31 07407510 bus:AuditExemptWithAccountantsReport 2021-11-01 2022-10-31 07407510 bus:FullAccounts 2021-11-01 2022-10-31 07407510 bus:SmallCompaniesRegimeForAccounts 2021-11-01 2022-10-31 07407510 bus:PrivateLimitedCompanyLtd 2021-11-01 2022-10-31 07407510 1 2021-11-01 2022-10-31

Company registration number: 07407510

Knight Kefford Limited

Trading as Knight Kefford Limited

Unaudited filleted financial statements

31 October 2022

Knight Kefford Limited

Contents

Directors and other information

Accountant's report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Knight Kefford Limited

Directors and other information


	Directors	R W George
		S M George


	Company number	07407510


	Registered office	Shernden Lane
		Marsh Green
		Edenbridge
		Kent
		TN8 5DF


	Accountant	Andrew Murphy
		Sovereign House
		82 West Street
		Rochford
		Essex
		SS4 1AS

Knight Kefford Limited

Chartered accountant's report to the board of directors on the preparation of the

unaudited statutory financial statements of Knight Kefford Limited

Year ended 31 October 2022

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Knight Kefford Limited for the year ended 31 October 2022 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Knight Kefford Limited, as a body, in accordance with the terms of my engagement letter dated 20 October 2010. My work has been undertaken solely to prepare for your approval the financial statements of Knight Kefford Limited and state those matters that we have agreed to state to the board of directors of Knight Kefford Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Knight Kefford Limited and its board of directors as a body for my work or for this report.

It is your duty to ensure that Knight Kefford Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Knight Kefford Limited. You consider that Knight Kefford Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Knight Kefford Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Andrew Murphy

Chartered Accountant

Sovereign House

82 West Street

Rochford

Essex

SS4 1AS

30 December 2022

Knight Kefford Limited

Statement of financial position

31 October 2022

		2022		2021
	Note	£	£	£	£

Fixed assets
Tangible assets	7	781,319		782,031
		_______		_______
			781,319		782,031

Current assets
Debtors	8	3,336		1
Cash at bank and in hand		31,541		386,794
		_______		_______
		34,877		386,795
Creditors: amounts falling due
within one year	9	( 203,585)		( 569,130)
		_______		_______
Net current liabilities			( 168,708)		( 182,335)
			_______		_______
Total assets less current liabilities			612,611		599,696


Provisions for liabilities	10		( 215)		( 350)

			_______		_______
Net assets			612,396		599,346
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			612,394		599,344
			_______		_______
Shareholders funds			612,396		599,346
			_______		_______

For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 30 December 2022 , and are signed on behalf of the board by:

R W George

Director

Company registration number: 07407510

Knight Kefford Limited

Statement of changes in equity

Year ended 31 October 2022

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 November 2020	2	549,840	549,842

Profit for the year		74,504	74,504
	_______	_______	_______
Total comprehensive income for the year	-	74,504	74,504

Dividends paid and payable		( 25,000)	( 25,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 25,000)	( 25,000)

	_______	_______	_______
At 31 October 2021 and 1 November 2021	2	599,342	599,344

Profit for the year		38,052	38,052
	_______	_______	_______
Total comprehensive income for the year	-	38,052	38,052

Dividends paid and payable		( 25,000)	( 25,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 25,000)	( 25,000)

	_______	_______	_______
At 31 October 2022	2	612,394	612,396
	_______	_______	_______

Knight Kefford Limited

Notes to the financial statements

Year ended 31 October 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Oast House, Shernden Lane, Marsh Green, Edenbridge, Kent, TN8 5DF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Freehold property	-	0 %	straight line
Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).

5. Tax on profit

Major components of tax expense

	2022	2021
	£	£
Current tax:
UK current tax expense	9,094	15,080
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 135)	160
	_______	_______
Tax on profit	8,959	15,240
	_______	_______

6. Dividends

Equity dividends

	2022	2021
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	25,000	25,000
	_______	_______

7. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 November 2021	780,189	4,271	784,460
Disposals	-	( 711)	( 711)
	_______	_______	_______
At 31 October 2022	780,189	3,560	783,749
	_______	_______	_______
Depreciation
At 1 November 2021	-	2,429	2,429
Charge for the year	-	712	712
Disposals	-	( 711)	( 711)
	_______	_______	_______
At 31 October 2022	-	2,430	2,430
	_______	_______	_______
Carrying amount
At 31 October 2022	780,189	1,130	781,319
	_______	_______	_______
At 31 October 2021	780,189	1,842	782,031
	_______	_______	_______

Given that none of the properties were acquired more than 10 years ago and that 71% of the property cost relates to property acquired within the last 6 years, the director does not consider that the value of the properties has changed significantly. No properties have been sold during the year.

8. Debtors

	2022	2021
	£	£
Trade debtors	2,901	1
Other debtors	435	-
	_______	_______
	3,336	1
	_______	_______

9. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	122	122
Corporation tax	9,094	15,080
Social security and other taxes	3,091	2,278
Other creditors	191,278	551,650
	_______	_______
	203,585	569,130
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1 November 2021	350	350
Unused amounts reversed	( 135)	( 135)
	_______	_______
At 31 October 2022	215	215
	_______	_______

11. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2022	2021
	£	£
Included in provisions (note 10)	215	350
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2022	2021
	£	£
Accelerated capital allowances	( 135)	160
	_______	_______

12. Directors advances, credits and guarantees

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

2022
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	R W George	( 516,016)	357,940	( 158,076)
		_______	_______	_______

2021
		Balance brought forward	Amounts repaid	Balance o/standing
		£	£	£
	R W George	( 686,421)	170,405	( 516,016)
		_______	_______	_______

13. Controlling party

Mr R. George is the controlling party of the company.