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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Director's report |
2 |
Independent auditor's report to the member |
4 |
Statement of income and retained earnings |
8 |
Statement of financial position |
9 |
Statement of cash flows |
10 |
Notes to the financial statements |
11 |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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Director |
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Registered office: |
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Independent Auditor's Report to the Member of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & statutory auditor |
Lyndhurst |
1-3 Cranmer Street |
Long Eaton |
Nottingham |
NG10 1NJ |
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Statement of Income and Retained Earnings |
2023 |
2022 |
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Note |
£ |
£ |
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Turnover |
4 |
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------- |
------- |
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Gross profit |
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Administrative expenses |
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------- |
------- |
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Operating profit/(loss) |
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(
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Income from shares in group undertakings |
6 |
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Other interest receivable and similar income |
7 |
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– |
------------ |
------------ |
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Profit before taxation |
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Tax on profit |
8 |
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– |
------------ |
------------ |
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Profit for the financial year and total comprehensive income |
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------------ |
------------ |
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Dividends paid and payable |
9 |
(
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(
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Retained earnings at the start of the year |
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------------ |
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Retained earnings at the end of the year |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Tangible assets |
10 |
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Investments |
11 |
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Debtors |
12 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
13 |
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Net current assets |
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Total assets less current liabilities |
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------------ |
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Net assets |
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Called up share capital |
14 |
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Profit and loss account |
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------------ |
------------ |
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Shareholder funds |
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------------ |
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Director |
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Statement of Cash Flows |
2023 |
2022 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Income from shares in group undertakings |
(
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(
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Other interest receivable and similar income |
(
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– |
Tax on profit |
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– |
Accrued expenses |
– |
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Changes in: |
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Trade and other debtors |
(
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(
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------------ |
------------ |
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Cash generated from operations |
(
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(
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Interest received |
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– |
------------ |
--------- |
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Net cash used in operating activities |
(
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(
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------------ |
--------- |
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Purchase of tangible assets |
– |
(
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Dividends received |
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------------ |
------------ |
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Net cash from investing activities |
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------------ |
------------ |
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Proceeds from loans from group undertakings |
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(
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Dividends paid |
(
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(
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------------ |
------------ |
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Net cash from/(used in) financing activities |
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(
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
1,649,774 |
1,077,330 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
2023 |
2022 |
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£ |
£ |
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Other significant types of revenue - desc in a/c |
8,710 |
– |
------- |
---- |
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2023 |
2022 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
|
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------- |
------- |
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2023 |
2022 |
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£ |
£ |
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Dividends from group undertakings |
1,500,000 |
2,092,846 |
------------ |
------------ |
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2023 |
2022 |
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£ |
£ |
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Other interest receivable and similar income |
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– |
------- |
---- |
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2023 |
2022 |
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£ |
£ |
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UK current tax expense |
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– |
---- |
---- |
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Tax on profit |
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– |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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------------ |
------------ |
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Profit on ordinary activities by rate of tax |
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– |
Effect of revenue exempt from tax |
(
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– |
Other tax adjustment to increase/(decrease) tax liability - desc in a/cs |
(1,060) |
– |
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Tax on profit |
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– |
------------ |
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2023 |
2022 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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--------- |
--------- |
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Land and buildings |
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£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
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--------- |
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Depreciation |
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At 1 January 2023 and 31 December 2023 |
– |
--------- |
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Carrying amount |
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At 31 December 2023 |
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--------- |
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At 31 December 2022 |
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--------- |
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Shares in group undertakings |
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£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
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Impairment |
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At 1 January 2023 and 31 December 2023 |
– |
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Carrying amount |
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At 31 December 2023 |
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------------ |
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At 31 December 2022 |
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2023 |
2022 |
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£ |
£ |
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Amounts owed by group undertakings |
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Director's loan account |
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Other debtors |
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– |
------------ |
--------- |
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--------- |
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2023 |
2022 |
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£ |
£ |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
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– |
Other creditors |
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------------ |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
---- |
---- |
---- |
---- |
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At 1 Jan 2023 |
Cash flows |
At 31 Dec 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(908,842) |
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Debt due within one year |
(900,000) |
(616,976) |
(1,516,976) |
------------ |
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(
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(
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2023 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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--------- |
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2022 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
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– |
– |
– |
– |
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---- |
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Notes to the Financial Statements (continued) |