Company registration number:
05959591
WayPoint Change Limited
Unaudited filleted financial statements
for the year ended
31 December 2023
WayPoint Change Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
WayPoint Change Limited
Directors and other information
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Directors |
N P D Winks |
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A P Pearson |
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Secretary |
A P Pearson |
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Company number |
05959591 |
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Registered office |
Lancaster House, 8 Landsgate |
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Pedmore |
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Stourbridge |
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West Midlands |
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DY8 2SD |
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Business address |
Lancaster House, 8 Landsgate |
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Pedmore |
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Stourbridge |
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West Midlands |
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DY8 2SD |
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WayPoint Change Limited
Statement of financial position
31 December 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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4 |
- |
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- |
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Tangible assets |
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5 |
13,189 |
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35,799 |
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Investments |
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6 |
620,000 |
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750,650 |
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_______ |
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_______ |
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633,189 |
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786,449 |
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Current assets |
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Debtors |
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7 |
38,405 |
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43,457 |
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Cash at bank and in hand |
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51,773 |
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27,241 |
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_______ |
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_______ |
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90,178 |
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70,698 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
93,531) |
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(
68,337) |
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_______ |
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_______ |
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Net current (liabilities)/assets |
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(
3,353) |
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2,361 |
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_______ |
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_______ |
Total assets less current liabilities |
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629,836 |
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788,810 |
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Provisions for liabilities |
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(
3,297) |
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(
8,950) |
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_______ |
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_______ |
Net assets |
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626,539 |
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779,860 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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9 |
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500 |
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500 |
Profit and loss account |
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626,039 |
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779,360 |
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_______ |
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_______ |
Shareholders funds |
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626,539 |
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779,860 |
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_______ |
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_______ |
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 August 2024
, and are signed on behalf of the board by:
A P Pearson
Director
Company registration number:
05959591
WayPoint Change Limited
Statement of changes in equity
Year ended 31 December 2023
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 January 2022 |
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500 |
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912,449 |
912,949 |
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Profit for the year |
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161,686 |
161,686 |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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161,686 |
161,686 |
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Dividends paid and payable |
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(
294,775) |
(
294,775) |
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_______ |
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_______ |
_______ |
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Total investments by and distributions to owners |
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- |
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(
294,775) |
(
294,775) |
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_______ |
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_______ |
_______ |
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At 31 December 2022 and 1 January 2023 |
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500 |
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779,360 |
779,860 |
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Profit for the year |
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46,187 |
46,187 |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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46,187 |
46,187 |
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Dividends paid and payable |
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(
199,508) |
(
199,508) |
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_______ |
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_______ |
_______ |
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Total investments by and distributions to owners |
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- |
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(
199,508) |
(
199,508) |
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_______ |
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_______ |
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At 31 December 2023 |
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500 |
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626,039 |
626,539 |
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_______ |
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_______ |
_______ |
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WayPoint Change Limited
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lancaster House, 8 Landsgate, Pedmore, Stourbridge, West Midlands, DY8 2SD.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover represents the amounts due for consultancy services to third parties during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Motor vehicles |
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4 years straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates
.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and loans from related parties.Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
4.
Intangible assets
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Goodwill |
Total |
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£ |
£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
922,202 |
922,202 |
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_______ |
_______ |
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Amortisation |
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At 1 January 2023 and 31 December 2023 |
922,202 |
922,202 |
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_______ |
_______ |
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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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7.
Debtors
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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38,405 |
25,193 |
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Other debtors |
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- |
18,264 |
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_______ |
_______ |
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38,405 |
43,457 |
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_______ |
_______ |
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In 2023 Other debtors included a loan of £nil (2022 - £15,264) to a director which was repaid after the year end.
8.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
|
364 |
9,420 |
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Corporation tax |
|
59,610 |
42,726 |
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Social security and other taxes |
|
19,565 |
15,327 |
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Other creditors |
|
13,992 |
864 |
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_______ |
_______ |
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93,531 |
68,337 |
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_______ |
_______ |
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In 2023 other creditors include £11,648 loans from directors (2022 - £864).
9.
Called up share capital
Issued, called up and fully paid
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2023 |
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2022 |
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No |
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£ |
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No |
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£ |
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Ordinary A shares of £
1.00 each |
|
125 |
|
125 |
|
125 |
|
125 |
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Ordinary B shares of £
1.00 each |
|
125 |
|
125 |
|
125 |
|
125 |
|
Ordinary C shares of £
1.00 each |
|
125 |
|
125 |
|
125 |
|
125 |
|
Ordinary D shares of £
1.00 each |
|
125 |
|
125 |
|
125 |
|
125 |
|
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
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|
500 |
|
500 |
|
500 |
|
500 |
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_______ |
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_______ |
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_______ |
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_______ |
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