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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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Registered office: |
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Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
Profit share and fair value adjustment from investments |
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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 |
298,124 |
281,447 |
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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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Debtors |
5 |
|
– |
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current assets |
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Total assets less current liabilities |
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Other amounts |
8 |
2,557,932 |
2,767,024 |
Members' capital classified as equity |
5,199,852 |
5,199,852 |
Other reserves |
(813,947) |
(886,721) |
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6,943,837 |
7,080,155 |
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Loans and other debts due to members |
8 |
2,557,932 |
2,767,024 |
Members' other interests |
4,385,905 |
4,313,131 |
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6,943,837 |
7,080,155 |
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Statement of Financial Position (continued) |
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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 |
5,199,852 |
(886,721) |
4,313,131 |
2,767,024 |
2,767,024 |
7,080,155 |
Profit for the financial year available for discretionary division among members |
298,124 |
298,124 |
298,124 |
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Members' interests after profit for the year |
5,199,852 |
(588,597) |
4,611,255 |
2,767,024 |
2,767,024 |
7,378,279 |
Other division of profits |
(225,350) |
(225,350) |
225,350 |
225,350 |
– |
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Repayments of capital |
– |
– |
– |
– |
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Drawings |
(434,442) |
(434,442) |
(434,442) |
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Balance at 31st December 2023 |
5,199,852 |
(813,947) |
4,385,905 |
2,557,932 |
2,557,932 |
6,943,837 |
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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 |
12,141,919 |
(851,927) |
11,289,992 |
3,078,683 |
3,078,683 |
14,368,675 |
Profit for the financial year available for discretionary division among members |
281,447 |
281,447 |
281,447 |
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Members' interests after profit for the year |
12,141,919 |
(570,480) |
11,571,439 |
3,078,683 |
3,078,683 |
14,650,122 |
Other division of profits |
(316,241) |
(316,241) |
316,241 |
316,241 |
– |
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Repayments of capital |
(6,942,067) |
(6,942,067) |
– |
(6,942,067) |
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Drawings |
(627,900) |
(627,900) |
(627,900) |
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Balance at 31st December 2022 |
5,199,852 |
(886,721) |
4,313,131 |
2,767,024 |
2,767,024 |
7,080,155 |
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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 |
Interests in LLPS |
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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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Interests in LLPS |
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£ |
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At 31st December 2023 |
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Aggregate cost |
7,648,827 |
Aggregate depreciation |
– |
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Carrying value |
7,648,827 |
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At 31st December 2022 |
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Aggregate cost |
7,863,007 |
Aggregate depreciation |
– |
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Carrying value |
7,863,007 |
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5. |
Debtors |
2023 |
2022 |
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£ |
£ |
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Other debtors |
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– |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Other creditors |
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7. |
Financial instruments |
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 |
2,557,932 |
2,767,024 |
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