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For the year ended |
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Financial Statements |
Contents |
Pages |
Statement of financial position |
1 to 2 |
Notes to the financial statements |
3 to 7 |
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Statement of Financial Position |
2023 |
2022 |
||
Note |
£ |
£ |
£ |
Tangible assets |
5 |
|
|
|
Debtors |
6 |
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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 |
7 |
(
|
(
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|
--------- |
--------- |
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Net current liabilities |
(
|
(
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||
--------- |
--------- |
|||
Total assets less current liabilities |
|
|
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Taxation including deferred tax |
8 |
(
|
(
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Called up share capital |
11 |
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Other reserve |
12 |
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Profit and loss account |
12 |
(
|
(
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--------- |
--------- |
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Shareholders funds |
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--------- |
--------- |
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Statement of Financial Position (continued) |
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Notes to the Financial Statements |
Fixtures and fittings |
- |
25% straight line.
|
|
2023 |
2022 |
|
£ |
£ |
|
UK current tax expense |
|
|
Origination and reversal of timing differences |
(
|
– |
-------- |
------- |
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Taxation on ordinary activities |
(
|
|
-------- |
------- |
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2023 |
2022 |
|
£ |
£ |
|
(Loss)/profit on ordinary activities before taxation |
(
|
|
-------- |
-------- |
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(Loss)/profit on ordinary activities by rate of tax |
(
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|
Effect of expenses not deductible for tax purposes |
|
– |
Effect of capital allowances and depreciation |
– |
|
Effect of revenue exempt from tax |
(
|
– |
Effect of different UK tax rates on some earnings |
88 |
– |
Tax adjustment for expenses not allowed for tax |
– |
57 |
-------- |
-------- |
|
Tax on (loss)/profit |
(
|
|
-------- |
-------- |
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Freehold investment property |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 January 2023 and 31 December 2023 |
|
|
|
--------- |
-------- |
------------ |
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Depreciation |
|||
At 1 January 2023 |
– |
|
|
Fair value adjustment |
45,000
|
– |
45,000
|
--------- |
-------- |
------------ |
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At 31 December 2023 |
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--------- |
-------- |
------------ |
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Carrying amount |
|||
At 31 December 2023 |
|
– |
|
--------- |
-------- |
------------ |
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At 31 December 2022 |
|
– |
|
--------- |
-------- |
------------ |
|
£ |
|
At 1 January 2023 |
|
Fair value adjustments |
(
|
--------- |
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At 31 December 2023 |
|
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Other debtors |
|
|
---- |
---- |
|
2023 |
2022 |
|
£ |
£ |
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Amounts due to parent company |
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Accruals and deferred income |
|
|
Corporation tax |
|
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--------- |
--------- |
|
|
|
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--------- |
--------- |
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Deferred tax (note 9) |
|
£ |
|
At 1 January 2023 |
|
Charge against provision |
(
|
-------- |
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At 31 December 2023 |
|
-------- |
|
2023 |
2022 |
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£ |
£ |
|
Included in provisions (note 8) |
|
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-------- |
-------- |
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2023 |
2022 |
|
£ |
£ |
|
Fair value adjustment of investment property |
|
|
-------- |
-------- |
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Other reserve |
Profit and loss account |
Total |
|
£ |
£ |
£ |
|
Year ended 31 December 2023 |
|||
Transfer of fair value movements on investment property to other reserves |
(33,750)
|
33,750
|
– |
-------- |
-------- |
---- |
|
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
200,000 |
|
200,000 |
--------- |
--------- |
--------- |
--------- |
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Notes to the Financial Statements (continued) |
Relationship | Transaction Type | 2023 | 2022 | |
£ | £ | |||
Parent company | Amount due to/(from) | 504,673 | 523,644 | |