Knight Wolf Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 14157598 (England and Wales)

Financial Statements

for the Period

8 June 2022 to 31 January 2023

for

KNIGHT WOLF LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T B Wolfenden

Mrs J M Wolfenden

REGISTERED OFFICE:

Unit 2 Oakwood Enterprise Park

Rowden Lane

Ledburn

United Kingdom

LU7 0GR

REGISTERED NUMBER:

14157598 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investment property

4

209,739

CREDITORS

Amounts falling due within one year

5

211,561

NET CURRENT LIABILITIES

(211,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,822

)

CAPITAL AND RESERVES

Called up share capital

7

8

Retained earnings

(1,830

)

SHAREHOLDERS' FUNDS

(1,822

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2023 and were signed on its behalf by:

T B Wolfenden - Director

Mrs J M Wolfenden - Director

1.	STATUTORY INFORMATION

Knight Wolf Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

209,739

At 31 January 2023

209,739

NET BOOK VALUE

At 31 January 2023

209,739

Fair value at 31 January 2023 is represented by:

£

Cost

209,739

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts (see note 6)

150,995

Trade creditors

(1

)

Directors' current accounts

59,031

Accrued expenses

1,536

211,561

6.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due within one year or on demand:

Bank loans

150,995

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

A Ordinary

£1

1

1

B Ordinary

£1

1

2

C Ordinary

£1

2

2

D Ordinary

£1

2

2

E Ordinary

£1

2

8

The following shares were issued during the period for cash at par :

1 A Ordinary share of £1

1 B Ordinary share of £1

2 C Ordinary shares of £1

2 D Ordinary shares of £1

2 E Ordinary shares of £1

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £59,031 to the directors, The amount is interest free and repayable on demand.