IRIS Accounts Production
v19.1.0.735
01426225
Board of Directors
1.7.17
30.6.18
30.6.18
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 2018
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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 2018. |
The directors shown below have held office during the whole of the period from 1st July 2017 to the date of this report.
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Other changes in directors holding office are as follows:
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J G Chambers ceased to be a director after 30th June 2018 but prior to the date of this report.
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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 companies.
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Service charge expenditure
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22,785
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25,090
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|
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OPERATING (DEFICIT)/SURPLUS
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(303
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) |
521
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|
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Interest receivable and similar income
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52
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|
5
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|
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(DEFICIT)/SURPLUS BEFORE TAXATION
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(251
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) |
526
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|
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Tax on (deficit)/surplus
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-
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|
1
|
|
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(DEFICIT)/SURPLUS FOR THE FINANCIAL
YEAR
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(251
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) |
525
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|
|
Tangible assets
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3
|
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
|
22,897
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|
18,158
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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
|
300
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|
300
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|
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Income and expenditure account
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6
|
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 2018. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 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
17th January 2019 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 and
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|
Wales. The company's registered number and registered office address can be found on the Company Information page.
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Basis of preparing the financial statements
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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. |
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During the year the company received monies from lessees, as agent, in respect of service charges and related income,
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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 property known
|
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as Knoll Avenue, Darlington, County Durham. In the opinion of the directors, the freehold interest in the company based
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on net rental income is negligible, and the directors cannot envisage a situation where the company would dispose of the
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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 accounts in
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order to provide more information to residents and other parties who may be interested in the expenditure incurred in the
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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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21,874
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|
16,800
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|
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5.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|
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Other creditors
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22,722
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|
17,957
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|
|
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Deficit for the year
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(251
|
) |
|
|
Transfer from Service Charge
Account
|
251 |
|
|
7.
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CONTINGENT LIABILITIES
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The company had no contingent liabilities at 30th June 2018 (2017 - none).
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Contracted but not provided for in the
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9.
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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 residents, some
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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.
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10.
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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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