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Financial Statements |
Contents |
Page |
Members' report |
1 |
Statement of income and retained earnings |
2 |
Statement of financial position |
3 |
Reconciliation of members' interests |
5 |
Notes to the financial statements |
7 |
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Members' Report |
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Designated Member |
Registered office: |
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United Kingdom |
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Statement of Income and Retained Earnings |
2024 |
2023 |
|
Note |
£ |
£ |
Turnover |
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--------- |
--------- |
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Gross profit |
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Distribution costs |
– |
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Administrative expenses |
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|
--------- |
--------- |
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Operating loss |
(
|
(
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Other interest receivable and similar income |
|
|
--------- |
--------- |
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Profit/(loss) for the financial year before members' remuneration and profit shares available for discretionary division among members |
3,040 |
(8,579) |
--------- |
--------- |
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Statement of Financial Position |
2024 |
2023 |
|
Note |
£ |
£ |
Debtors |
5 |
– |
|
Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
6 |
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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 |
7 |
190,279 |
102,896 |
Members' capital classified as equity |
10,000 |
10,000 |
Other reserves |
– |
– |
--------- |
--------- |
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200,279 |
112,896 |
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--------- |
--------- |
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Loans and other debts due to members |
7 |
190,279 |
102,896 |
Members' other interests |
10,000 |
10,000 |
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--------- |
--------- |
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200,279 |
112,896 |
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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 2024 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Balance at 1 April 2023 |
10,000 |
– |
10,000 |
187,239 |
187,239 |
197,239 |
Profit for the financial year available for discretionary division among members |
3,040 |
3,040 |
3,040 |
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-------- |
------- |
-------- |
--------- |
--------- |
--------- |
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Members' interests after profit for the year |
10,000 |
3,040 |
13,040 |
187,239 |
187,239 |
200,279 |
Other division of profits |
(3,040) |
(3,040) |
3,040 |
3,040 |
– |
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-------- |
------- |
-------- |
--------- |
--------- |
--------- |
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Balance at 31 March 2024 |
10,000 |
– |
10,000 |
190,279 |
190,279 |
200,279 |
-------- |
------- |
-------- |
--------- |
--------- |
--------- |
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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 |
||||
Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2023 |
|
£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 April 2022 |
10,000 |
– |
10,000 |
111,475 |
111,475 |
121,475 |
Loss for the financial year available for discretionary division among members |
(8,579) |
(8,579) |
(8,579) |
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-------- |
------- |
-------- |
--------- |
--------- |
--------- |
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Members' interests after loss for the year |
10,000 |
(8,579) |
1,421 |
111,475 |
111,475 |
112,896 |
Other division of profits |
8,579 |
8,579 |
(8,579) |
(8,579) |
– |
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-------- |
------- |
-------- |
--------- |
--------- |
--------- |
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Balance at 31 March 2023 |
10,000 |
– |
10,000 |
102,896 |
102,896 |
112,896 |
-------- |
------- |
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--------- |
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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) |
Fixtures and fittings |
- |
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Equipment |
- |
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4. |
Tangible assets |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
|
500 |
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------- |
---- |
-------- |
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Depreciation |
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At 1 April 2023 and 31 March 2024 |
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500 |
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------- |
---- |
-------- |
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Carrying amount |
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At 31 March 2024 |
– |
– |
– |
------- |
---- |
-------- |
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At 31 March 2023 |
– |
– |
– |
------- |
---- |
-------- |
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5. |
Debtors |
2024 |
2023 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
– |
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---- |
-------- |
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– |
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---- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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– |
--------- |
-------- |
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--------- |
-------- |
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7. |
Loans and other debts due to members |
2024 |
2023 |
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£ |
£ |
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Amounts owed to members in respect of profits |
105,935 |
102,896 |
Other amounts |
84,344 |
– |
--------- |
--------- |
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190,279 |
102,896 |
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--------- |
--------- |
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