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REGISTERED NUMBER: 01426225 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

KNOLL AVENUE MANAGEMENT COMPANY LIMITED

KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


KNOLL AVENUE MANAGEMENT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 30th June 2023







DIRECTORS: Mrs S C Hunton
A Hunton
Mrs N M Scarth
J Philip





SECRETARY: P W Bigge





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 01426225 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225)

REPORT OF THE DIRECTORS
for the Year Ended 30th June 2023

The directors present their report with the financial statements of the company for the year ended 30th June 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st July 2022 to the date of this report.

Mrs S C Hunton
A Hunton
Mrs N M Scarth

Other changes in directors holding office are as follows:

J P Dooley - resigned 20th February 2023
J Philip - appointed 28th September 2022

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A Hunton - Director


14th February 2024

KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225)

INCOME STATEMENT
for the Year Ended 30th June 2023

30/6/23 30/6/22
£    £   

INCOME 21,247 19,725

Service charge expenditure 24,732 20,436
OPERATING DEFICIT (3,485 ) (711 )

Interest receivable and similar income 56 3
DEFICIT BEFORE TAXATION (3,429 ) (708 )

Tax on deficit - -
DEFICIT FOR THE FINANCIAL YEAR (3,429 ) (708 )

KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225)

BALANCE SHEET
30th June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 538 538

CURRENT ASSETS
Debtors 5 34,881 28,110

CREDITORS
Amounts falling due within one year 6 35,119 28,348
NET CURRENT LIABILITIES (238 ) (238 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

300

300

RESERVES
Income and expenditure account 7 300 300
300 300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 surplus or deficit 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14th February 2024 and were signed on its behalf by:





A Hunton - Director


KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Knoll Avenue Management Company Limited is a private company, limited by guarantee , 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.

Income
During the year the company received monies from lessees, as agent, in respect of service charges and related income, which are held on trust and do not constitute turnover.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Freehold property
No figure has been included in these accounts in respect of any value that could be placed on the freehold property known as Knoll Avenue, Darlington, County Durham. In the opinion of the directors, the freehold interest in the company based on net rental income is negligible, and the directors cannot envisage a situation where the company would dispose of the freehold interest in the property.

Presentation of the income statement
The presentation of the Income Statement on page 3 has been modified from the prescribed format for company accounts in order to provide more information to residents and other parties who may be interested in the expenditure incurred in the management of the property.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st July 2022
and 30th June 2023 538
NET BOOK VALUE
At 30th June 2023 538
At 30th June 2022 538

KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 1,190 1,418
Other debtors 33,691 26,692
34,881 28,110

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 6,131 1,133
Other creditors 28,988 27,215
35,119 28,348

7. RESERVES
Income
and
expenditure
account
£   

At 1st July 2022 300
Deficit for the year (3,429 )
Transfer from Service Charge
Account

3,429

At 30th June 2023 300

8. RELATED PARTY DISCLOSURES

The company is a mutual trading company and as such received income in the form of service charge from residents, some of whom are directors of the company. Service charges payable by the directors are on the same basis as for all the other residents. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

9. LIMIT OF MEMBERS' LIABILITY

The liability of the members of the company is limited by guarantee to £1 each.