Acorah Software Products - Accounts Production 14.5.601 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01002584 Mrs Ciara Aylett Mr David Martin Kann iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01002584 2023-03-31 01002584 2024-03-31 01002584 2023-04-01 2024-03-31 01002584 frs-core:CurrentFinancialInstruments 2024-03-31 01002584 frs-core:Non-currentFinancialInstruments 2024-03-31 01002584 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 01002584 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01002584 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 01002584 frs-core:OtherReservesSubtotal 2024-03-31 01002584 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01002584 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01002584 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01002584 frs-bus:SmallEntities 2023-04-01 2024-03-31 01002584 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01002584 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01002584 frs-bus:Director1 2023-04-01 2024-03-31 01002584 frs-bus:Director2 2023-04-01 2024-03-31 01002584 frs-core:CurrentFinancialInstruments 1 2024-03-31 01002584 frs-core:Non-currentFinancialInstruments 1 2024-03-31 01002584 frs-countries:EnglandWales 2023-04-01 2024-03-31 01002584 2022-03-31 01002584 2023-03-31 01002584 2022-04-01 2023-03-31 01002584 frs-core:CurrentFinancialInstruments 2023-03-31 01002584 frs-core:Non-currentFinancialInstruments 2023-03-31 01002584 frs-core:OtherReservesSubtotal 2023-03-31 01002584 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01002584 frs-core:CurrentFinancialInstruments 1 2023-03-31 01002584 frs-core:Non-currentFinancialInstruments 1 2023-03-31
Registered number: 01002584
Knoll Residents Association Limited(The)
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01002584
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,000 40,000
40,000 40,000
CURRENT ASSETS
Cash at bank and in hand 22,840 15,156
22,840 15,156
Creditors: Amounts Falling Due Within One Year 5 (7,333 ) (5,526 )
NET CURRENT ASSETS (LIABILITIES) 15,507 9,630
TOTAL ASSETS LESS CURRENT LIABILITIES 55,507 49,630
Creditors: Amounts Falling Due After More Than One Year 6 (39,800 ) (39,800 )
NET ASSETS 15,707 9,830
CAPITAL AND RESERVES
Other reserves 15,690 9,813
Profit and Loss Account 17 17
SHAREHOLDERS' FUNDS 15,707 9,830
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Martin Kann
Director
07/05/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Knoll Residents Association Limited(The) is a private company, limited by shares, incorporated in England & Wales, registered number 01002584 . The registered office is 36 Scotts Road, Bromley, England, BR1 3QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
3. Average Number of Employees
Average number of employees, including directors, during the year were 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 April 2023 40,000
As at 31 March 2024 40,000
Net Book Value
As at 31 March 2024 40,000
As at 1 April 2023 40,000
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 40 40
Accruals 973 973
Accruals and deferred income 6,300 4,450
Directors' loan accounts 20 63
7,333 5,526
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Sundry creditors 39,800 39,800
7. Share Capital
2024 2023
£ £
Page 4