|
|
|
|
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/gain on disposal |
(
|
|
|
Other operating expenses |
|
|
|
------------ |
------------ |
||
Operating profit |
4 |
|
|
Other interest receivable and similar income |
|
|
Interest payable and similar expenses |
|
|
------------ |
------------ |
|
Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
399,325 |
463,814 |
------------ |
------------ |
|
|
Statement of Financial Position |
2023 |
2022 |
|
Note |
£ |
£ |
Tangible assets |
5 |
|
|
Debtors |
6 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
------------ |
||
|
|
||
Creditors: amounts falling due within one year |
7 |
|
|
--------- |
------------ |
||
Net current assets |
|
|
|
------------- |
------------- |
||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
|
------------- |
------------- |
||
Net assets |
|
|
|
------------- |
------------- |
||
Other amounts |
10 |
2,005,410 |
2,137,636 |
Members' capital classified as equity |
3,659,999 |
3,659,999 |
Other reserves |
781,458 |
706,123 |
------------ |
------------ |
|
6,446,867 |
6,503,758 |
|
------------ |
------------ |
|
Loans and other debts due to members |
10 |
2,005,410 |
2,137,636 |
Members' other interests |
4,441,457 |
4,366,122 |
|
------------ |
------------ |
||
6,446,867 |
6,503,758 |
||
------------ |
------------ |
||
|
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 1st January 2023 |
3,659,999 |
706,123 |
4,366,122 |
2,137,636 |
2,137,636 |
6,503,758 |
Profit for the financial year available for discretionary division among members |
399,325 |
399,325 |
399,325 |
|||
------------ |
------------ |
------------ |
------------ |
------------ |
------------ |
|
Members' interests after profit for the year |
3,659,999 |
1,105,448 |
4,765,447 |
2,137,636 |
2,137,636 |
6,903,083 |
Other division of profits |
(323,990) |
(323,990) |
323,990 |
323,990 |
– |
|
Drawings |
(456,216) |
(456,216) |
(456,216) |
|||
------------ |
------------ |
------------ |
------------ |
------------ |
------------ |
|
Balance at 31st December 2023 |
3,659,999 |
781,458 |
4,441,457 |
2,005,410 |
2,005,410 |
6,446,867 |
------------ |
------------ |
------------ |
------------ |
------------ |
------------ |
|
|
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 1st January 2022 |
3,659,999 |
742,142 |
4,402,141 |
2,289,319 |
2,289,319 |
6,691,460 |
Profit for the financial year available for discretionary division among members |
463,814 |
463,814 |
463,814 |
|||
------------ |
------------ |
------------ |
------------ |
------------ |
------------ |
|
Members' interests after profit for the year |
3,659,999 |
1,205,956 |
4,865,955 |
2,289,319 |
2,289,319 |
7,155,274 |
Other division of profits |
(499,833) |
(499,833) |
499,833 |
499,833 |
– |
|
Drawings |
(651,516) |
(651,516) |
(651,516) |
|||
------------ |
------------ |
------------ |
------------ |
------------ |
------------ |
|
Balance at 31st December 2022 |
3,659,999 |
706,123 |
4,366,122 |
2,137,636 |
2,137,636 |
6,503,758 |
------------ |
------------ |
------------ |
------------ |
------------ |
------------ |
|
|
Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
|
Notes to the Financial Statements (continued) |
4. |
Operating profit |
2023 |
2022 |
|
£ |
£ |
|
Fair value adjustments to investment property |
(
|
|
-------- |
-------- |
|
5. |
Tangible assets |
Freehold property |
|
£ |
|
Cost |
|
At 1st January 2023 and 31st December 2023 |
|
------------- |
|
Depreciation |
|
At 1st January 2023 and 31st December 2023 |
– |
------------- |
|
Carrying amount |
|
At 31st December 2023 |
|
------------- |
|
At 31st December 2022 |
|
------------- |
|
Freehold property |
|
£ |
|
At 31st December 2023 |
|
Aggregate cost |
11,427,390 |
Aggregate depreciation |
– |
------------- |
|
Carrying value |
|
------------- |
|
At 31st December 2022 |
|
Aggregate cost |
11,502,725 |
Aggregate depreciation |
– |
------------- |
|
Carrying value |
|
------------- |
|
6. |
Debtors |
2023 |
2022 |
|
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2023 |
2022 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
------------ |
------------ |
|
9. |
Financial instruments |
10. |
Loans and other debts due to members |
2023 |
2022 |
|
£ |
£ |
|
Amounts owed to members in respect of profits |
2,005,410 |
2,137,636 |
------------ |
------------ |
|
11. |
Controlling party |