|
|
|
|
Financial Statements |
Contents |
Page |
Members' report |
1 |
Statement of comprehensive income |
2 |
Statement of financial position |
3 |
Reconciliation of members' interests |
5 |
Notes to the financial statements |
7 |
|
Members' Report |
|
|
|
|
Registered office: |
|
|
|
|
|
Statement of Comprehensive Income |
2023 |
2022 |
|
Note |
£ |
£ |
Turnover |
|
|
Fair value adjustment investment property |
|
(
|
|
Other operating expenses |
|
|
|
--------- |
--------- |
||
Operating (loss)/profit |
4 |
(
|
|
Interest payable and similar expenses |
|
|
--------- |
--------- |
|
(Loss)/profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
(483,114) |
785,109 |
--------- |
--------- |
|
|
Statement of Financial Position |
2023 |
2022 |
|
Note |
£ |
£ |
Tangible assets |
5 |
|
|
Investments |
6 |
|
|
------------ |
------------ |
||
|
|
||
Debtors |
7 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
--------- |
||
|
|
||
Creditors: amounts falling due within one year |
8 |
|
|
--------- |
--------- |
||
Net current assets |
|
|
|
------------ |
------------ |
||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
9 |
|
|
------------ |
------------ |
||
Net assets |
|
|
|
------------ |
------------ |
||
Other amounts |
10 |
464,743 |
323,137 |
Members' capital classified as equity |
4,249,247 |
4,229,247 |
Other reserves |
(2,708,651) |
(2,023,931) |
------------ |
------------ |
|
2,005,339 |
2,528,453 |
|
------------ |
------------ |
|
Loans and other debts due to members |
10 |
464,743 |
323,137 |
Members' other interests |
1,540,596 |
2,205,316 |
|
------------ |
------------ |
||
2,005,339 |
2,528,453 |
||
------------ |
------------ |
||
|
Statement of Financial Position (continued) |
|
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 1 January 2023 |
4,229,247 |
(2,023,931) |
2,205,316 |
323,137 |
323,137 |
2,528,453 |
Loss for the financial year available for discretionary division among members |
(483,114) |
(483,114) |
(483,114) |
|||
------------ |
------------ |
------------ |
--------- |
--------- |
------------ |
|
Members' interests after loss for the year |
4,229,247 |
(2,507,045) |
1,722,202 |
323,137 |
323,137 |
2,045,339 |
Other division of profits |
(201,606) |
(201,606) |
201,606 |
201,606 |
– |
|
Introduced by members |
20,000 |
20,000 |
– |
– |
20,000 |
|
Drawings |
(60,000) |
(60,000) |
(60,000) |
|||
------------ |
------------ |
------------ |
--------- |
--------- |
------------ |
|
Balance at 31 December 2023 |
4,249,247 |
(2,708,651) |
1,540,596 |
464,743 |
464,743 |
2,005,339 |
------------ |
------------ |
------------ |
--------- |
--------- |
------------ |
|
|
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 2022 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Balance at 1 January 2022 |
4,212,247 |
(2,652,759) |
1,559,488 |
251,856 |
251,856 |
1,811,344 |
Profit for the financial year available for discretionary division among members |
785,109 |
785,109 |
785,109 |
|||
------------ |
------------ |
------------ |
--------- |
--------- |
------------ |
|
Members' interests after profit for the year |
4,212,247 |
(1,867,650) |
2,344,597 |
251,856 |
251,856 |
2,596,453 |
Other division of profits |
(156,281) |
(156,281) |
156,281 |
156,281 |
– |
|
Introduced by members |
17,000 |
17,000 |
– |
– |
17,000 |
|
Drawings |
(85,000) |
(85,000) |
(85,000) |
|||
------------ |
------------ |
------------ |
--------- |
--------- |
------------ |
|
Balance at 31 December 2022 |
4,229,247 |
(2,023,931) |
2,205,316 |
323,137 |
323,137 |
2,528,453 |
------------ |
------------ |
------------ |
--------- |
--------- |
------------ |
|
|
Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
|
Notes to the Financial Statements (continued) |
Equipment |
- |
|
|
4. |
Operating (loss)/profit |
2023 |
2022 |
|
£ |
£ |
|
Fair value adjustments to investment property |
|
(
|
--------- |
--------- |
|
5. |
Tangible assets |
Freehold property |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost or valuation |
|||
At 1 January 2023 |
|
|
|
Additions |
|
– |
|
Revaluations |
(
|
– |
(
|
------------ |
------- |
------------ |
|
At 31 December 2023 |
|
|
|
------------ |
------- |
------------ |
|
Depreciation |
|||
At 1 January 2023 |
– |
|
|
Charge for the year |
– |
|
|
------------ |
------- |
------------ |
|
At 31 December 2023 |
– |
|
|
------------ |
------- |
------------ |
|
Carrying amount |
|||
At 31 December 2023 |
|
|
|
------------ |
------- |
------------ |
|
At 31 December 2022 |
|
|
|
------------ |
------- |
------------ |
|
Freehold property |
|
£ |
|
At 31 December 2023 |
|
Aggregate cost |
7,108,650 |
Aggregate depreciation |
– |
------------ |
|
Carrying value |
|
------------ |
|
At 31 December 2022 |
|
Aggregate cost |
7,088,930 |
Aggregate depreciation |
– |
------------ |
|
Carrying value |
|
------------ |
|
6. |
Investments |
Other investments other than loans |
|
£ |
|
Cost |
|
At 1 January 2023 and 31 December 2023 |
|
---- |
|
Impairment |
|
At 1 January 2023 and 31 December 2023 |
– |
---- |
|
Carrying amount |
|
At 31 December 2023 |
|
---- |
|
At 31 December 2022 |
|
---- |
|
7. |
Debtors |
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Trade creditors |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Other creditors |
|
|
------------ |
------------ |
|
10. |
Loans and other debts due to members |
2023 |
2022 |
|
£ |
£ |
|
Amounts owed to members in respect of profits |
464,743 |
323,137 |
--------- |
--------- |
|
11. |
Charges on assets |
12. |
Controlling party |