REGISTERED NUMBER: 03751580 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

A & E MCKNIGHT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A A McKnight

E S McKnight

SECRETARY:

A A McKnight

REGISTERED OFFICE:

44 Springfield Road

Horsham

West Sussex

RH12 2PD

BUSINESS ADDRESS:

Grove Cottage

Church Road

Turners Hill

West Sussex

RH10 4PB

REGISTERED NUMBER:

03751580 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

44 Springfield Road

Horsham

West Sussex

RH12 2PD

BANKERS:

HSBC PLC

38 High Street

Dartford

Kent

DA1 1DG

FIXED ASSETS

Tangible assets

4

513,117

513,219

CURRENT ASSETS

Debtors

5

815

1,628

Cash at bank

227,297

201,102

228,112

202,730

CREDITORS

Amounts falling due within one year

6

289,323

285,368

NET CURRENT LIABILITIES

(61,211

)

(82,638

)

TOTAL ASSETS LESS CURRENT LIABILITIES

451,906

430,581

CAPITAL AND RESERVES

Called up share capital

7

2

2

Revaluation reserve

8

174,853

174,853

Retained earnings

8

277,051

255,726

SHAREHOLDERS' FUNDS

451,906

430,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 17 September 2018 and were signed on its behalf by:

A A McKnight - Director

1.	STATUTORY INFORMATION

A & E McKnight 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.

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

Turnover

Turnover represents rents receivable.

Tangible fixed assets

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

Fixtures and fittings

-

10% on cost

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only

on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Investment

and

properties

fittings

Totals

£

£

£

COST

At 1 May 2017

and 30 April 2018

512,928

5,942

518,870

DEPRECIATION

At 1 May 2017

-

5,651

5,651

Charge for year

-

102

102

At 30 April 2018

-

5,753

5,753

NET BOOK VALUE

At 30 April 2018

512,928

189

513,117

At 30 April 2017

512,928

291

513,219

The directors are of the opinion that the carrying value of the investment properties (£512,928) is a reasonable

estimate of the current market value at the balance sheet date, when taking into account the prevailing market

conditions.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

35

973

Other debtors

780

655

815

1,628

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

5,027

1,961

Other creditors

284,296

283,407

289,323

285,368

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2017

255,726

174,853

430,579

Profit for the year

21,325

21,325

At 30 April 2018

277,051

174,853

451,904

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the following amounts to the directors:

E S McKnight - £200,059 (2017 - £200,059)

A A McKnight - £81,852 (2017 - £81,852)

The loans are unsecured, interest free and not subject to any specific repayment terms.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.