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Financial Statements |
Contents |
Page |
Members' report |
1 |
Statement of comprehensive income |
3 |
Statement of financial position |
4 |
Reconciliation of members' interests |
5 |
Notes to the financial statements |
7 |
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Members' Report |
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Registered office: |
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Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
Other operating expenses |
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---- |
---- |
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Operating loss |
(
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(
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Income and fair value adjustment from interest in group undertaking |
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--------- |
--------- |
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Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
398,412 |
462,895 |
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--------- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Investments |
4 |
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Creditors: amounts falling due within one year |
5 |
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---- |
------- |
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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 |
7 |
3,163,375 |
3,295,300 |
Members' capital classified as equity |
3,660,000 |
3,660,000 |
Other reserves |
(377,330) |
(452,665) |
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6,446,045 |
6,502,635 |
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Loans and other debts due to members |
7 |
3,163,375 |
3,295,300 |
Members' other interests |
3,282,670 |
3,207,335 |
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6,446,045 |
6,502,635 |
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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 1st January 2023 |
3,660,000 |
(452,665) |
3,207,335 |
3,295,300 |
3,295,300 |
6,502,635 |
Profit for the financial year available for discretionary division among members |
398,412 |
398,412 |
398,412 |
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Members' interests after profit for the year |
3,660,000 |
(54,253) |
3,605,747 |
3,295,300 |
3,295,300 |
6,901,047 |
Other division of profits |
(323,077) |
(323,077) |
323,077 |
323,077 |
– |
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Drawings |
(455,002) |
(455,002) |
(455,002) |
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Balance at 31st December 2023 |
3,660,000 |
(377,330) |
3,282,670 |
3,163,375 |
3,163,375 |
6,446,045 |
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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 1st January 2022 |
3,660,000 |
(416,646) |
3,243,354 |
3,446,385 |
3,446,385 |
6,689,739 |
Profit for the financial year available for discretionary division among members |
462,895 |
462,895 |
462,895 |
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Members' interests after profit for the year |
3,660,000 |
46,249 |
3,706,249 |
3,446,385 |
3,446,385 |
7,152,634 |
Other division of profits |
(498,914) |
(498,914) |
498,914 |
498,914 |
– |
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Drawings |
(649,999) |
(649,999) |
(649,999) |
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Balance at 31st December 2022 |
3,660,000 |
(452,665) |
3,207,335 |
3,295,300 |
3,295,300 |
6,502,635 |
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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. |
Investments |
Interest in LLP |
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£ |
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Cost |
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At 1st January 2023 |
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Additions |
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Disposals |
(
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Revaluations |
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At 31st December 2023 |
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Impairment |
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At 1st January 2023 and 31st December 2023 |
– |
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Carrying amount |
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At 31st December 2023 |
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At 31st December 2022 |
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Interest in LLP |
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£ |
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At 31st December 2023 |
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Aggregate cost |
6,824,200 |
Aggregate depreciation |
– |
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Carrying value |
6,824,200 |
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At 31st December 2022 |
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Aggregate cost |
6,956,425 |
Aggregate depreciation |
– |
------------ |
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Carrying value |
6,956,425 |
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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Other creditors |
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---- |
------- |
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6. |
Financial instruments |
7. |
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 |
3,163,375 |
3,295,300 |
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8. |
Controlling party |