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REGISTERED NUMBER: 02216789 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

THE KNOLL MANAGEMENT LIMITED

THE KNOLL MANAGEMENT LIMITED (REGISTERED NUMBER: 02216789)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE KNOLL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: D N James
A W Rodgers





SECRETARY: D N James





REGISTERED OFFICE: 9 High Street
Woburn Sands
MILTON KEYNES
Buckinghamshire
MK17 8RF





REGISTERED NUMBER: 02216789 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
MK17 8RF

THE KNOLL MANAGEMENT LIMITED (REGISTERED NUMBER: 02216789)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,999 124,999

CURRENT ASSETS
Debtors 5 19,187 29,459
Cash at bank 27,428 19,212
46,615 48,671
CREDITORS
Amounts falling due within one year 6 2,833 4,371
NET CURRENT ASSETS 43,782 44,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,781

169,299

CAPITAL AND RESERVES
Called up share capital 190 190
Freehold acquisition reserve 124,999 124,999
Property maintenance reserve 43,592 44,110
SHAREHOLDERS' FUNDS 168,781 169,299

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 KNOLL MANAGEMENT LIMITED (REGISTERED NUMBER: 02216789)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th May 2024 and were signed on its behalf by:




A W Rodgers - Director



D N James - Director


THE KNOLL MANAGEMENT LIMITED (REGISTERED NUMBER: 02216789)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

The Knoll Management 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.

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.

Taxation
No liability to UK corporation tax arose on ordinary activities for the period ended 31st December 2022 nor for the year ended 30th June 2021.

Under current tax regulations, the company is not liable to corporation tax on income generated from the services charges receivable.

The company would normally be liable to corporation tax on any other source of income, including bank interest. However, HMRC has granted a concession exempting the company from liability to tax a long as these sources of income remain relatively insignificant.

Maintenance fund
The reserves consist of a maintenance fund that is budgeted by the company, to equalise annually the cost to the property owners of anticipated cyclical maintenance of the property, particularly where this expenditure occurs less frequently than annually. The budget is calculated to cover routine costs as well as large non-regular repair and maintenance work, where these costs can be reasonably forseen and quantified The present level of the fund is sufficient to meet budgeted expenditure in the forthcoming year without being significantly reduced by the year end.

Service charges
Service charge monies received are held in trust at Cater Allen Private Bank under the title The Knoll Management Limited.

Freehold property
The company acquired the freehold title to the site occupied by the properties. Because the title was acquired on a 'not for investment' basis, the cost value stated in the financial statements,will not be annually reviewed unless the directors believe the value to have been permanently diminished.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st January 2023
and 31st December 2023 124,999
NET BOOK VALUE
At 31st December 2023 124,999
At 31st December 2022 124,999

THE KNOLL MANAGEMENT LIMITED (REGISTERED NUMBER: 02216789)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 19,187 29,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 2,833 4,371

7. RELATED PARTY DISCLOSURES

There is no controlling or ultimate controlling party. Each resident owns a property and by virtue of such ownership is entitled to hold a £10 share in the company.