The Knoll Care Partnership Limited 04728755 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of the operation of a residential care home. Digita Accounts Production Advanced 6.30.9574.0 true false true 04728755 2022-04-01 2023-03-31 04728755 2023-03-31 04728755 bus:Director4 1 2023-03-31 04728755 core:CurrentFinancialInstruments 2023-03-31 04728755 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04728755 core:FurnitureFittingsToolsEquipment 2023-03-31 04728755 core:MotorVehicles 2023-03-31 04728755 bus:SmallEntities 2022-04-01 2023-03-31 04728755 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04728755 bus:FullAccounts 2022-04-01 2023-03-31 04728755 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04728755 bus:RegisteredOffice 2022-04-01 2023-03-31 04728755 bus:Director1 2022-04-01 2023-03-31 04728755 bus:Director2 2022-04-01 2023-03-31 04728755 bus:Director4 2022-04-01 2023-03-31 04728755 bus:Director4 1 2022-04-01 2023-03-31 04728755 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04728755 core:FurnitureFittings 2022-04-01 2023-03-31 04728755 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 04728755 core:MotorVehicles 2022-04-01 2023-03-31 04728755 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 04728755 1 2022-04-01 2023-03-31 04728755 countries:England 2022-04-01 2023-03-31 04728755 2022-03-31 04728755 bus:Director4 1 2022-03-31 04728755 core:FurnitureFittingsToolsEquipment 2022-03-31 04728755 core:MotorVehicles 2022-03-31 04728755 2021-04-01 2022-03-31 04728755 2022-03-31 04728755 core:CurrentFinancialInstruments 2022-03-31 04728755 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 04728755 core:FurnitureFittingsToolsEquipment 2022-03-31 04728755 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04728755

The Knoll Care Partnership Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

The Knoll Care Partnership Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

The Knoll Care Partnership Limited

(Registration number: 04728755)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

91,794

104,735

Current assets

 

Stocks

5

3,452

2,845

Debtors

6

1,379,608

235,865

Cash at bank and in hand

 

139,404

793,447

 

1,522,464

1,032,157

Creditors: Amounts falling due within one year

7

(276,502)

(120,321)

Net current assets

 

1,245,962

911,836

Total assets less current liabilities

 

1,337,756

1,016,571

Provisions for liabilities

(22,490)

(26,184)

Net assets

 

1,315,266

990,387

Capital and reserves

 

Called up share capital

4

4

Retained earnings

1,315,262

990,383

Shareholders' funds

 

1,315,266

990,387

 

The Knoll Care Partnership Limited

(Registration number: 04728755)
Statement of Financial Position as at 31 March 2023

For the financial year ending 31 March 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 27 September 2023 and signed on its behalf by:
 

.........................................
Mr M J Callaghan
Director

.........................................
Mr A G Callaghan
Director

 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Bowfell House
2 Brook Road
Urmston
Manchester
M41 5RQ

These financial statements were authorised for issue by the Board on 27 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements for the year ended 31 March 2023 comply with FRS 102 Section 1A for small entities.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Due to the current unprecedented market and economic conditions in the U.K. and internationally, the expected impact of the COVID-19 pandemic on the company’s operations cannot be reasonably estimated. Revenue may fall as customers are hit by the pandemic, but expenses, will, likely, decrease as a result which will help to mitigate the impact on profits and the company has sufficient reserves in place to cover any deficit for at least 12 months from the date of approval of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are included in the profit and loss account on an accruals basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Property alterations

10% Straight line

Fixtures and fittings

10% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 69 (2022 - 68).

 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

190,241

32,383

222,624

Additions

779

-

779

At 31 March 2023

191,020

32,383

223,403

Depreciation

At 1 April 2022

106,757

11,132

117,889

Charge for the year

8,407

5,313

13,720

At 31 March 2023

115,164

16,445

131,609

Carrying amount

At 31 March 2023

75,856

15,938

91,794

At 31 March 2022

83,484

21,251

104,735

5

Stocks

2023
£

2022
£

Other inventories

3,452

2,845

6

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

45,809

51,721

Amounts owed by related parties

8

1,310,584

106,566

Other debtors

 

23,215

77,578

   

1,379,608

235,865

 

The Knoll Care Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

55,108

45,942

Taxation and social security

30,112

17,860

Accruals and deferred income

137,287

25,673

Other creditors

53,995

30,846

276,502

120,321

8

Related party transactions

Transactions with directors

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Mrs A J Callaghan

Amounts advanced

-

3,888

3,888

       
     

 

9

Parent and ultimate parent undertaking

The company's immediate parent is The Knoll Care Group Limited, incorporated in England .

  These financial statements are available upon request from Bowfell House, 2 Brook Road, Urmston, Manchester, M41 5RQ.