The Northern Light Cinema Ltd |
Trial balance |
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Current year |
Comparative |
Enter debits as + and credits as - [assets and expenses are debits] |
£ |
£ |
|
PROFIT AND LOSS ACCOUNT |
Turnover |
Sales |
-24,905 |
|
-108,560 |
Cost of sales |
Purchases |
1,905 |
|
43,761 |
|
Decrease/increase in stocks |
|
Subcontractor costs |
|
Direct labour |
24,422 |
|
Carriage |
|
Discounts allowed |
|
Commissions payable |
|
Other direct costs |
Distribution costs |
Distribution costs |
Employee costs |
Wages and salaries |
|
Directors' salaries |
|
Pensions |
|
Bonuses |
|
Employer's NI |
|
Temporary staff and recruitment |
|
Staff training and welfare |
|
Travel and subsistence |
115 |
|
Motor expenses |
|
Entertaining |
Premises costs |
Rent |
10,800 |
|
Rates |
|
Service charges |
|
Light and heat |
10,520 |
|
8,895 |
|
Cleaning |
323 |
|
1,384 |
|
Use of home |
General admin |
Telephone and fax |
|
Postage |
|
Postage, printing and stationery |
159 |
|
646 |
|
Computer and internet |
453 |
|
1,050 |
|
Fines and penalties |
|
Subscriptions |
114 |
|
806 |
|
Bank charges |
84 |
|
152 |
|
Insurance |
271 |
|
Equipment expensed |
82 |
|
228 |
|
Equipment hire |
1,500 |
|
Card processing |
500 |
|
4,819 |
|
Repairs and maintenance |
259 |
|
2,055 |
|
Depreciation |
913 |
|
1,074 |
|
Amortisation of goodwill |
|
Bad debts |
|
Sundry expenses |
1,579 |
Legal and professional costs |
Audit fees |
|
Accountancy fees |
350 |
|
475 |
|
Bookkeeping fees |
513 |
|
2,050 |
|
Consultancy fees |
|
Management fees |
7,771 |
|
Advertising and PR |
630 |
|
Other legal and professional |
17,766 |
Other operating income |
Other operating income |
-2,667 |
P/l on disposal |
Land and buildings |
|
Plant & machinery |
50,036 |
|
Investments |
Gain/loss on revaluation |
Fixed asset investments |
|
Current asset investments - listed |
|
Current asset investments - unlisted |
Income from investments |
Income from investments |
Interest receivable |
Interest receivable |
-31 |
Interest payable |
Interest payable |
391 |
|
518 |
|
Non-equity dividends |
Taxation |
Corporation tax |
2 |
|
-2,809 |
|
Corporation tax - prior year adjustments |
|
Deferred tax |
|
|
|
|
Retained (profit)/loss |
903 |
|
59,496 |
|
BALANCE SHEET |
Intangible FA |
Cost - b/fwd |
1,067 |
|
Cost - additions |
|
Cost - disposals |
-1,067 |
|
Amortisation - b/fwd |
|
Amortisation - provided in year |
|
Amortisation - disposals |
Improvements to property |
Cost - b/fwd |
3,917 |
|
Cost - additions |
|
Cost - revaluation |
|
Cost - disposals |
-3,917 |
|
Depn - b/fwd |
-2,589 |
|
Depn - charge for the year |
|
Depn - revaluation |
|
Depn - disposals |
2,589 |
Fixtures, fittings and equipment |
Cost - b/fwd |
11,560 |
|
83,763 |
|
Cost - additions |
4,590 |
|
Cost - disposals |
-76,792 |
|
Depn - b/fwd |
-5,577 |
|
-47,896 |
|
Depn - provided in year |
-913 |
|
-1,126 |
|
Depn - disposals |
43,444 |
Motor vehicles |
Cost - b/fwd |
|
Cost - additions |
|
Cost - disposals |
|
Depn - b/fwd |
|
Depn - provided in year |
|
Depn - disposals |
Investments in subsidiaries |
B/fwd |
|
Additions |
|
Revaluation |
|
Disposals |
Other investments - listed |
B/fwd |
|
Additions |
|
Revaluation |
|
Disposals |
Other investments - unlisted |
B/fwd |
|
Additions |
|
Revaluation |
|
Disposals |
Stocks |
Stocks |
Debtors |
Trade debtors |
2,178 |
|
Due from group undertakings |
|
Other debtors |
8,012 |
|
4,559 |
Current asset investments |
Listed |
|
Unlisted |
Cash at bank |
Cash at bank |
126 |
|
14,705 |
Creditors less than 1yr |
Bank loans and overdrafts |
|
Bank loans |
-2,870 |
|
-3,909 |
|
Finance lease and HP contracts |
|
Trade creditors |
|
Due to group undertakings |
|
Corporation tax |
-2 |
|
Other taxes and social security |
-3,053 |
|
-4,339 |
|
Proposed dividends |
|
Accrued preference dividends |
|
Non-equity preference shares |
|
Other creditors |
-1,797 |
|
-8,827 |
Creditors greater than 1yr |
Bank loans |
-10,046 |
|
-14,008 |
|
Finance lease and HP contracts |
|
Trade creditors |
|
Due to group undertakings |
|
Non-equity preference shares |
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Other creditors |
Deferred tax |
B/fwd |
|
Charged to the p/l account |
|
Charged to other comprehensive income |
Share capital |
B/fwd |
-1 |
|
-1 |
|
Shares issued |
|
Shares redeemed |
Share premium |
B/fwd |
|
On shares issued |
|
Expenses of issue |
Revaluation reserve |
B/fwd |
|
Gain on revaluation of land and buildings |
|
Deferred taxation arising on the revaluation of land and buildings |
Profit and loss account |
B/fwd |
3,658 |
|
-55,837 |
|
Equity dividends |
|
|
|
|
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Totals (all should be zero) |
0 |
|
0 |
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The Northern Light Cinema Ltd |
Data not obtained from trial balance |
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Enter data in the white spaces Enter numbers as + unless indicated |
Current year |
Comparative |
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Units (eg £ or £000) |
£ |
include a trailing space |
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Company registration number |
08323994 |
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Date |
Approval date of the accounts by the board |
13.03.24 |
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Date |
Date of signing on the audit/accountants report |
13.03.24 |
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Date of engagement letter (required for |
Date |
CA and ACCA reports) |
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Person signing directors' report: |
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Name of director |
Esther Patterson |
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Or, name of secretary |
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Name of director signing balance sheet |
Esther Patterson |
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Address of registered office: |
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Address line 1 |
The Malthouse |
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Address line 2 |
13 North End |
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City or town |
Wirksworth |
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County or region |
Derbyshire |
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Postcode |
DE4 4FG |
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Name of senior statutory auditor |
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Name of auditors/accountants |
Hazel Accountancy Services |
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Type of firm (eg Chartered Accountants) |
Accountants |
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Address of auditors/accountants |
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Address line 1 |
1 Manor Cottages |
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Address line 2 |
Little Longstone |
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City or town |
Bakewell |
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County or region |
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Postcode |
DE45 1NN |
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Prior year adjustments (+ for a gain; - for a loss) |
£ |
|
Correction of prior year errors |
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Effect of retrospective changes in accounting policies |
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More info on prior year adjustments |
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Number |
Number |
Average number of persons employed by the company |
- |
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8 |
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Freehold land & buildings if |
revalued amounts shown in trial balance: |
£ |
£ |
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historical cost |
|
cumulative depreciation based on cost |
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Historical cost of fixed asset investments |
£ |
£ |
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Investments in subsidiaries |
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Other investments |
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£ |
£ |
Amounts due after more than one year included in debtors |
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Amounts included in creditors falling due for payment |
after more than five years: |
£ |
£ |
Payable otherwise than by installment |
Payable by installment |
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£ |
£ |
Secured bank loans included in creditors |
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Capital commitments: |
£ |
£ |
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contracted |
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Total future payments due under non-cancellable |
£ |
£ |
operating leases |
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The Northern Light Cinema Ltd |
Registered number: |
08323994 |
Balance Sheet |
as at 31 December 2023 |
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Notes |
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|
2023 |
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|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
5,070 |
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|
5,983 |
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Current assets |
Debtors |
4 |
|
8,012 |
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|
6,737 |
Cash at bank and in hand |
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|
126 |
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14,705 |
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|
|
8,138 |
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|
21,442 |
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Creditors: amounts falling due within one year |
5 |
|
(7,722) |
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|
(17,075) |
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Net current assets |
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|
416 |
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|
4,367 |
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Total assets less current liabilities |
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|
5,486 |
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|
10,350 |
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Creditors: amounts falling due after more than one year |
6 |
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(10,046) |
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(14,008) |
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Net liabilities |
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(4,560) |
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(3,658) |
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Capital and reserves |
Called up share capital |
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1 |
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1 |
Profit and loss account |
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(4,561) |
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(3,659) |
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Shareholders' funds |
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(4,560) |
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(3,658) |
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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Esther Patterson |
Director |
Approved by the board on 13.03.24 |
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The Northern Light Cinema Ltd |
Notes to the Accounts |
for the year ended 31 December 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Fixtures, fittings, tools and equipment |
15% reducing balance |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
|
Cost |
|
At 1 January 2023 |
11,560 |
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At 31 December 2023 |
11,560 |
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Depreciation |
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At 1 January 2023 |
5,577 |
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Charge for the year |
913 |
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At 31 December 2023 |
6,490 |
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Net book value |
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At 31 December 2023 |
5,070 |
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At 31 December 2022 |
5,983 |
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4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
- |
|
2,178 |
|
Other debtors |
8,012 |
|
4,559 |
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|
|
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|
8,012 |
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6,737 |
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5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans and overdrafts |
2,870 |
|
3,909 |
|
Other taxes and social security costs |
3,053 |
|
4,339 |
|
Other creditors |
1,797 |
|
8,827 |
|
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|
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|
7,722 |
|
17,075 |
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6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
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Bank loans |
10,046 |
|
14,008 |
|
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7 |
Controlling party |
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The controlling party is Mrs E Patterson |
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8 |
Other information |
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The Northern Light Cinema Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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The Malthouse |
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13 North End |
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9 |
Transactions with the director |
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The director, Mrs E Patterson, has a loan account with the company, she owed the company £3453 |
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at 31.12.2023 |
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Amount owing |
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Maximum |
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2023 |
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2022 |
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in year |
£ |
£ |
£ |
|
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3,453 |
|
8,297 |
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8,297 |