IRIS Accounts Production
v17.3.0.1062
01426225
Board of Directors
1.7.16
30.6.17
30.6.17
the management and administration of the property known as Knoll Avenue, Darlington, County Durham.
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REGISTERED NUMBER:
01426225
(England and Wales)
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REPORT OF THE DIRECTORS AND
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2017
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KNOLL AVENUE MANAGEMENT COMPANY LIMITED
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Report of the Directors
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2
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Notes to the Financial Statements
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5
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REGISTERED OFFICE:
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Ossington Chambers
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REGISTERED NUMBER:
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01426225 (England and Wales)
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ACCOUNTANTS:
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Stephenson Nuttall & Co
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The directors present their report with the financial statements of the company for the year ended 30th June 2017. |
J G Chambers has held office during the whole of the period from 1st July 2016 to the date of this report.
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Other changes in directors holding office are as follows:
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J P Dooley - appointed 30th November 2016
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N Gibson - appointed 30th November 2016
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Mrs S C Hunton - appointed 30th November 2016
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A Hunton - appointed 30th November 2016
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
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Service charge expenditure
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25,090
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23,440
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|
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OPERATING SURPLUS/(DEFICIT)
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521
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(1,100
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) |
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Interest receivable and similar income
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5
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8
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|
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SURPLUS/(DEFICIT) BEFORE
TAXATION
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526
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(1,092
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) |
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Tax on surplus/(deficit)
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1
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2
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SURPLUS/(DEFICIT) FOR THE
FINANCIAL YEAR
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525
|
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(1,094
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) |
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Tangible assets
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3
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538
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538
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|
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Amounts falling due within one year
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5
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18,158
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13,415
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|
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NET CURRENT LIABILITIES
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(238
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) |
(238
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) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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300
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|
300
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|
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Income and expenditure account
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300
|
|
300
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The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for:
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(a)
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
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(b)
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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.
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The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
The financial statements were approved by the Board of Directors on
19th December 2017 and were signed on its behalf
by:
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Knoll Avenue Management Company Limited is a
private company, limited by guarantee , registered in England
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and Wales. The company's registered number and registered office address can be found on the Company
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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During the year the company received monies from lessees, as agent, in respect of service charges and related
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income, which are held on trust and do not constitute turnover.
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Freehold property
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-
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not provided |
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No figure has been included in these accounts in respect of any value that could be placed on the freehold
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property known as Knoll Avenue, Darlington, County Durham. In the opinion of the directors, the freehold
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interest in the company based on net rental income is negligible, and the directors cannot envisage a situation
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where the company would dispose of the freehold interest in the property.
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Presentation of the income statement
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The presentation of the Income Statement on page 3 has been modified from the prescribed format for company
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accounts in order to provide more information to residents and other parties who may be interested in the
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expenditure incurred in the management of the property.
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4.
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DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|
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Other debtors
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16,800
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12,766
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5.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Other creditors
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17,957
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12,896
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|
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6.
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CONTINGENT LIABILITIES
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The company had no contingent liabilities at 30th June 2017 (2016 - none).
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Contracted but not provided for in the
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8.
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RELATED PARTY DISCLOSURES
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The company is a mutual trading company and as such received income in the form of service charge from
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residents, some of whom are directors of the company. Service charges payable by the directors are on the same
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basis as for all the other residents. No other transactions with related parties were undertaken such as are
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required to be disclosed under FRS 102.
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9.
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LIMIT OF MEMBERS' LIABILITY
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The liability of the members of the company is limited by guarantee to £1 each.
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These financial statements are the first which the company has prepared in accordance with the provisions of
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Financial Reporting Standard 102 (FRS 102), including those of Section 1A relating to "Small Entities". The
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transition to FRS 102 has had no effect on any item included within the opening balance sheet of the comparative
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period at 1st July 2015, the income statement for the comparative period ended 30th June 2016 or the closing
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balance sheet of the comparative period at 30th June 2016.
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