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Registration number: 11092492

The Knoll Care Group Limited

Unaudited Financial Statements

for the Period from 1 April 2023 to 30 September 2024

 

The Knoll Care Group Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

The Knoll Care Group Limited

(Registration number: 11092492)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,208,760

4,229,277

Investments

5

100,000

100,000

 

4,308,760

4,329,277

Current assets

 

Debtors

6

450,508

1,050,110

Cash at bank and in hand

 

30,652

291,290

 

481,160

1,341,400

Creditors: Amounts falling due within one year

7

(2,758,505)

(3,463,250)

Net current liabilities

 

(2,277,345)

(2,121,850)

Total assets less current liabilities

 

2,031,415

2,207,427

Creditors: Amounts falling due after more than one year

7

(2,027,173)

(2,178,302)

Net assets

 

4,242

29,125

Capital and reserves

 

Called up share capital

200

200

Share premium reserve

99,900

99,900

Retained earnings

(95,858)

(70,975)

Shareholders' funds

 

4,242

29,125

 

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:

The members have not required the company to obtain an audit of its accounts for the period 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 3 March 2025 and signed on its behalf by:
 

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

.........................................
Ms C L Callaghan
Director

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

.........................................
Mrs A J Callaghan
Director

     
 

The Knoll Care Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

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 3 March 2025.

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 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

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2023 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2023

4,277,115

4,277,115

At 30 September 2024

4,277,115

4,277,115

Depreciation

At 1 April 2023

47,838

47,838

Charge for the period

20,517

20,517

At 30 September 2024

68,355

68,355

Carrying amount

At 30 September 2024

4,208,760

4,208,760

At 31 March 2023

4,229,277

4,229,277

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.
 

5

Investments

2024
£

2023
£

Investments in subsidiaries

100,000

100,000

Subsidiaries

£

Cost or valuation

At 1 April 2023

100,000

Provision

Carrying amount

At 30 September 2024

100,000

At 31 March 2023

100,000

 

The Knoll Care Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 30 September 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

20,000

20,000

Prepayments

-

198

Other debtors

430,508

1,029,912

 

450,508

1,050,110

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

36,594

19,176

Amounts owed to group undertakings and undertakings in which the company has a participating interest

1,816,890

1,310,584

Taxation and social security

 

3,724

4,111

Accruals and deferred income

 

21,851

31,887

Other creditors

 

879,446

2,097,492

 

2,758,505

3,463,250

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

2,027,173

2,178,302

2024
£

2023
£

Due after more than five years

After more than five years by instalments

2,027,173

2,112,654

-

-

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

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,027,173

2,178,302

Current loans and borrowings

2024
£

2023
£

Bank borrowings

36,594

19,176