The Knoll Avenue Management Company Ltd - Limited company accounts 18.2
The Knoll Avenue Management Company Ltd - Limited company accounts 18.2
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2018 |
| 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 2018 |
| 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 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 2018 |
| The directors present their report with the financial statements of the company for the year ended 30th June 2018. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1st July 2017 to the date of this report. |
| Other changes in directors holding office are as follows: |
| 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: |
| KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225) |
| INCOME STATEMENT |
| for the Year Ended 30th June 2018 |
| 30/6/18 | 30/6/17 |
| Notes | £ | £ |
| INCOME |
| Service charge expenditure |
| OPERATING (DEFICIT)/SURPLUS | ( |
) |
| Interest receivable and similar income |
| (DEFICIT)/SURPLUS BEFORE TAXATION | ( |
) |
| Tax on (deficit)/surplus |
| (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
( |
) |
| KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225) |
| BALANCE SHEET |
| 30th June 2018 |
| 30/6/18 | 30/6/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Income and expenditure account | 6 |
| 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 were approved by the Board of Directors on |
| KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30th June 2018 |
| 1. | STATUTORY INFORMATION |
| Knoll Avenue Management Company Limited is a |
| 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 |
| 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 |
| Freehold property | - |
| 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. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST |
| At 1st July 2017 |
| and 30th June 2018 |
| NET BOOK VALUE |
| At 30th June 2018 |
| At 30th June 2017 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/6/18 | 30/6/17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| KNOLL AVENUE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 01426225) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30th June 2018 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30/6/18 | 30/6/17 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 6. | RESERVES |
| Income |
| and |
| expenditure |
| account |
| £ |
| At 1st July 2017 |
| Deficit for the year | ( |
) |
| Transfer from Service Charge Account | 251 |
| At 30th June 2018 |
| 7. | CONTINGENT LIABILITIES |
| The company had no contingent liabilities at 30th June 2018 (2017 - none). |
| 8. | CAPITAL COMMITMENTS |
| 30/6/18 | 30/6/17 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |
| 9. | 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. |
| 10. | LIMIT OF MEMBERS' LIABILITY |
| The liability of the members of the company is limited by guarantee to £1 each. |