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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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THE KNOLL NURSING HOME LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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THE KNOLL NURSING HOME LIMITED |
THE KNOLL NURSING HOME LIMITED (REGISTERED NUMBER: 02670562) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 5 |
THE KNOLL NURSING HOME LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants and Tax Advisors |
4th & 5th Floor |
14-15 Lower Grosvenor Place |
London |
SW1W 0EX |
THE KNOLL NURSING HOME LIMITED (REGISTERED NUMBER: 02670562) |
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BALANCE SHEET |
31 MARCH 2017 |
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31.3.17 | 31.3.16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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SHAREHOLDERS' FUNDS |
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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 profit or loss 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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In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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THE KNOLL NURSING HOME LIMITED (REGISTERED NUMBER: 02670562) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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The Knoll Nursing Home Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with applicable United Kingdom accounting |
standards, including Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard |
applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. |
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At the reporting date, the company was non-trading and is not considered to be a going concern and the |
financial statements have been prepared on a basis other than going concern. No adjustments were necessary |
to the amounts at which the assets and liabilities are included in these financial statements. |
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All transactions and balances are stated in Sterling. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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Significant judgements and estimates |
In preparing these financial statements, the company has made judgements, estimates and assumptions that |
effect the application of accounting policies and the reported amounts of assets, liabilities, income and |
expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed |
on an ongoing basis. Revision to estimates are recognised prospectively. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except |
to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Basic financial instruments |
a) Debtors |
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured |
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the |
effective interest method, less any impairment. |
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b) Creditors |
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, |
are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost |
using the effective interest method. |
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c) Cash at bank and in hand |
Cash and cash equivalents comprise cash balances and call deposits and petty cash. |
THE KNOLL NURSING HOME LIMITED (REGISTERED NUMBER: 02670562) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.17 | 31.3.16 |
£ | £ |
Amounts owed by group undertaking |
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4. | ULTIMATE CONTROLLING PARTY |
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The company is a wholly owned subsidiary company of ADL plc (a company incorporated in England and |
Wales). ADL plc prepares consolidated financial statements and can be obtained from ADL plc's registered |
office. The directors consider these accounts to be both the smallest and largest group of undertakings for which |
group accounts are prepared. |
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At the reporting date, in the directors' opinion, Mr W J Davies was the ultimate controlling party. There has been |
no change between the reporting date and date of approval of the financial statements. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
THE KNOLL NURSING HOME LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and |
the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
accounts of the The Knoll Nursing Home Limited for the year ended 31 March 2016 from the company's accounting |
records and from information and explanations you have given us. |
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As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical |
and other professional requirements which are detailed at: |
www.icaew.com/en/members/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of The Knoll Nursing Home Limited, as a body, in accordance with |
the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of |
The Knoll Nursing Home Limited and state those matters that we have agreed to state to the Board of Directors of The |
Knoll Nursing Home Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the |
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Knoll Nursing Home |
Limited and its Board of Directors as a body for our work or for this report. |
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It is your duty to ensure that The Knoll Nursing Home Limited has kept adequate accounting records and to prepare |
statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Knoll Nursing |
Home Limited. You consider that The Knoll Nursing Home Limited is exempt from the statutory audit requirement for the |
year. |
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We have not been instructed to carry out an audit or a review of the accounts of The Knoll Nursing Home Limited. For |
this reason, we have not verified the accuracy or completeness of the accounting records or information and |
explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. |
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Chartered Accountants and Tax Advisors |
4th & 5th Floor |
14-15 Lower Grosvenor Place |
London |
SW1W 0EX |
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