Registration number:
The Knoll Care Group Limited
for the Period from 1 April 2023 to 30 September 2024
The Knoll Care Group Limited
Contents
Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
The Knoll Care Group Limited
(Registration number: 11092492)
Statement of Financial Position as at 30 September 2024
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2023 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Retained earnings |
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Shareholders' funds |
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The Knoll Care Group Limited
(Registration number: 11092492)
Statement of Financial Position as at 30 September 2024
For the financial period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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
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The Knoll Care Group Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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
At the statement of financial position date, the company had net current liabilities. The company is relying on the continuing support of its creditors and there is no indication that they will not continue to give financial support to the company for the foreseeable future and for a period not less than 12 months from the date of signing these financial statements.
On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be be necessary should this basis not continue to be appropriate.
Exemption from preparing group accounts
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.
The Knoll Care Group Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024
Prior period adjustment
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.
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 |
Land and buildings |
2% per annum straight line |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
The Knoll Care Group Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 April 2023 |
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At 30 September 2024 |
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Depreciation |
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At 1 April 2023 |
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Charge for the period |
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At 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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At 31 March 2023 |
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Included within the net book value of land and buildings above is £4,208,759 (2023 - £4,229,276) in respect of freehold land and buildings.
Investments |
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2023 |
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Investments in subsidiaries |
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Subsidiaries |
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Cost or valuation |
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At 1 April 2023 |
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Provision |
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Carrying amount |
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At 30 September 2024 |
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At 31 March 2023 |
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The Knoll Care Group Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024
Debtors |
Current |
2024 |
2023 |
Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
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2023 |
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Due after one year |
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Loans and borrowings |
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2023 |
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Due after more than five years |
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After more than five years by instalments |
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Creditors include bank loans which are secured of £2,063,767 (2023 - £2,197,479). The loan is secured by a charge dated 1 June 2018 on the freehold land known as 104 Bowfell Road, Urmston, Manchester, M41 5RR and a fixed and floating charge over the assets of the company in favour of Unity Trust Bank plc.
The Knoll Care Group Limited
Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024
Loans and borrowings |
Non-current loans and borrowings
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2023 |
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Bank borrowings |
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Current loans and borrowings
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2023 |
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Bank borrowings |
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