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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 |
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Members' Report |
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Designated Member |
Registered office: |
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Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
Turnover |
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Fair value adjustment investment property |
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(
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Other operating expenses |
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--------- |
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Operating (loss)/profit |
4 |
(
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Interest payable and similar expenses |
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--------- |
--------- |
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(Loss)/profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
(288,550) |
272,744 |
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--------- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
5 |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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Total assets less current liabilities |
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Net assets |
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Other amounts |
8 |
566,950 |
515,500 |
Members' capital classified as equity |
2,405,440 |
2,405,440 |
Other reserves |
(1,132,966) |
(712,966) |
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1,839,424 |
2,207,974 |
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Loans and other debts due to members |
8 |
566,950 |
515,500 |
Members' other interests |
1,272,474 |
1,692,474 |
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1,839,424 |
2,207,974 |
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Statement of Financial Position (continued) |
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Designated Member |
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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 |
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Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2023 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 January 2023 |
2,405,440 |
(712,966) |
1,692,474 |
515,500 |
515,500 |
2,207,974 |
Loss for the financial year available for discretionary division among members |
(288,550) |
(288,550) |
(288,550) |
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Members' interests after loss for the year |
2,405,440 |
(1,001,516) |
1,403,924 |
515,500 |
515,500 |
1,919,424 |
Other division of profits |
(131,450) |
(131,450) |
131,450 |
131,450 |
– |
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Drawings |
(80,000) |
(80,000) |
(80,000) |
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Balance at 31 December 2023 |
2,405,440 |
(1,132,966) |
1,272,474 |
566,950 |
566,950 |
1,839,424 |
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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 |
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Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2022 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 January 2022 |
2,405,440 |
(775,426) |
1,630,014 |
380,217 |
380,217 |
2,010,231 |
Profit for the financial year available for discretionary division among members |
272,744 |
272,744 |
272,744 |
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Members' interests after profit for the year |
2,405,440 |
(502,682) |
1,902,758 |
380,217 |
380,217 |
2,282,975 |
Other division of profits |
(210,284) |
(210,284) |
210,284 |
210,284 |
– |
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Drawings |
(75,001) |
(75,001) |
(75,001) |
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Balance at 31 December 2022 |
2,405,440 |
(712,966) |
1,692,474 |
515,500 |
515,500 |
2,207,974 |
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Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
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Notes to the Financial Statements (continued) |
4. |
Operating (loss)/profit |
2023 |
2022 |
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£ |
£ |
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Fair value adjustments to investment property |
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(
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-------- |
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5. |
Tangible assets |
Freehold property |
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£ |
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Cost or valuation |
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At 1 January 2023 |
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Revaluations |
(
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At 31 December 2023 |
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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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At 31 December 2022 |
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Freehold property |
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£ |
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At 31 December 2023 |
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Aggregate cost |
5,382,967 |
Aggregate depreciation |
– |
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Carrying value |
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At 31 December 2022 |
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Aggregate cost |
5,382,967 |
Aggregate depreciation |
– |
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Carrying value |
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6. |
Debtors |
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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8. |
Loans and other debts due to members |
2023 |
2022 |
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£ |
£ |
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Amounts owed to members in respect of profits |
566,950 |
515,500 |
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9. |
Charges on assets |