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Financial Statements |
Contents |
Page |
Members' report |
1 |
Statement of comprehensive income |
3 |
Statement of financial position |
4 |
Reconciliation of members' interests |
6 |
Notes to the financial statements |
8 |
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Members' Report |
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Designated Member |
Registered office: |
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Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
Turnover |
– |
(
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Other operating expenses |
|
– |
---- |
---- |
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Operating loss |
(
|
(
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Fair value adjustment other fixed asset investments |
(
|
– |
Other interest receivable and similar income |
|
|
-------- |
---- |
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Loss for the financial year before members' remuneration and profit shares available for discretionary division among members |
(38,908) |
(40) |
-------- |
---- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Investments |
4 |
|
– |
Debtors |
5 |
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Cash at bank and in hand |
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--------- |
--------- |
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--------- |
--------- |
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Net current assets |
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------------ |
--------- |
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Total assets less current liabilities |
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------------ |
--------- |
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Other amounts |
6 |
386,628 |
489,500 |
Members' capital classified as equity |
888,487 |
100,000 |
Other reserves |
(42,027) |
– |
------------ |
--------- |
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1,233,088 |
589,500 |
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------------ |
--------- |
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Loans and other debts due to members |
6 |
386,628 |
489,500 |
Members' other interests |
846,460 |
100,000 |
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------------ |
--------- |
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1,233,088 |
589,500 |
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------------ |
--------- |
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Statement of Financial Position (continued) |
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Designated Member |
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Reconciliation of Members' Interests |
Members' other interests |
Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests |
||||
Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Balance at 1st April 2022 |
100,000 |
– |
100,000 |
489,499 |
489,499 |
589,499 |
Loss for the financial year available for discretionary division among members |
(38,908) |
(38,908) |
(38,908) |
|||
--------- |
-------- |
--------- |
--------- |
--------- |
--------- |
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Members' interests after loss for the year |
100,000 |
(38,908) |
61,092 |
489,499 |
489,499 |
550,591 |
Other division of profits |
(3,119) |
(3,119) |
3,119 |
3,119 |
– |
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Introduced by members |
788,487 |
788,487 |
– |
– |
788,487 |
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Drawings |
(105,990) |
(105,990) |
(105,990) |
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Other movements |
– |
– |
– |
– |
– |
– |
--------- |
-------- |
--------- |
--------- |
--------- |
------------ |
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Balance at 31st March 2023 |
888,487 |
(42,027) |
846,460 |
386,628 |
386,628 |
1,233,088 |
--------- |
-------- |
--------- |
--------- |
--------- |
------------ |
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Reconciliation of Members' Interests (continued) |
Members' other interests |
Loans and other debts due to members less any amounts due from members in debtors |
Total members' interests |
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Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2022 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1st April 2021 |
81,665 |
– |
81,665 |
1,405,540 |
1,405,540 |
1,487,205 |
Loss for the financial year available for discretionary division among members |
(40) |
(40) |
(40) |
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-------- |
---- |
-------- |
------------ |
------------ |
------------ |
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Members' interests after loss for the year |
81,665 |
(40) |
81,625 |
1,405,540 |
1,405,540 |
1,487,165 |
Other division of profits |
40 |
40 |
(40) |
(40) |
– |
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Introduced by members |
– |
– |
– |
– |
– |
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Drawings |
(897,665) |
(897,665) |
(897,665) |
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Other movements |
18,335 |
– |
18,335 |
(18,335) |
(18,335) |
– |
--------- |
---- |
--------- |
------------ |
------------ |
------------ |
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Balance at 31st March 2022 |
100,000 |
– |
100,000 |
489,500 |
489,500 |
589,500 |
--------- |
---- |
--------- |
------------ |
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Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
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Notes to the Financial Statements (continued) |
4. |
Investments |
Other investments |
|
£ |
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Cost |
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At 1st April 2022 |
– |
Additions |
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Disposals |
(
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Revaluations |
(
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------------ |
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At 31st March 2023 |
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------------ |
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Impairment |
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At 1st April 2022 and 31st March 2023 |
– |
------------ |
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Carrying amount |
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At 31st March 2023 |
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------------ |
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At 31st March 2022 |
– |
------------ |
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Other investments |
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£ |
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At 31st March 2023 |
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Aggregate cost |
791,599 |
Aggregate depreciation |
– |
--------- |
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Carrying value |
791,599 |
--------- |
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At 31st March 2022 |
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Aggregate cost |
– |
Aggregate depreciation |
– |
---- |
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Carrying value |
– |
---- |
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5. |
Debtors |
2023 |
2022 |
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£ |
£ |
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Other debtors |
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--------- |
--------- |
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6. |
Loans and other debts due to members |
2023 |
2022 |
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£ |
£ |
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Amounts owed to members in respect of profits |
386,628 |
489,500 |
--------- |
--------- |
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7. |
Related party transactions |