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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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Other external charges |
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Fair value adjustment/(gain)/loss on disposal/depreciation |
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(
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Other operating expenses |
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--------- |
--------- |
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Operating profit |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
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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 |
219,752 |
245,968 |
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--------- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
4 |
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Debtors |
5 |
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Cash at bank and in hand |
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--------- |
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Creditors: amounts falling due within one year |
6 |
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Net current (liabilities)/assets |
(
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
– |
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Net assets |
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Other amounts |
– |
– |
Members' capital classified as equity |
2,127,101 |
2,153,349 |
Other reserves |
1,323,118 |
1,323,118 |
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3,450,219 |
3,476,467 |
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Loans and other debts due to members |
– |
– |
Members' other interests |
3,450,219 |
3,476,467 |
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3,450,219 |
3,476,467 |
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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 |
||||
Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2023 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 26 December 2022 |
2,153,349 |
1,323,118 |
3,476,467 |
– |
– |
3,476,467 |
Profit for the financial year available for discretionary division among members |
219,752 |
219,752 |
219,752 |
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---- |
---- |
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Members' interests after profit for the year |
2,153,349 |
1,542,870 |
3,696,219 |
– |
– |
3,696,219 |
Other division of profits |
(219,752) |
(219,752) |
219,752 |
219,752 |
– |
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Introduced by members |
(6,562) |
(6,562) |
– |
– |
(6,562) |
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Repayments of capital |
(19,686) |
(19,686) |
– |
(19,686) |
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Drawings |
(219,752) |
(219,752) |
(219,752) |
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Balance at 25 December 2023 |
2,127,101 |
1,323,118 |
3,450,219 |
– |
– |
3,450,219 |
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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 26 December 2021 |
2,298,071 |
1,169,427 |
3,467,498 |
– |
– |
3,467,498 |
Profit for the financial year available for discretionary division among members |
245,968 |
245,968 |
245,968 |
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Members' interests after profit for the year |
2,298,071 |
1,415,395 |
3,713,466 |
– |
– |
3,713,466 |
Other division of profits |
(92,277) |
(92,277) |
92,277 |
92,277 |
– |
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Introduced by members |
– |
– |
– |
– |
– |
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Repayments of capital |
(144,722) |
(144,722) |
– |
(144,722) |
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Drawings |
(92,277) |
(92,277) |
(92,277) |
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Balance at 25 December 2022 |
2,153,349 |
1,323,118 |
3,476,467 |
– |
– |
3,476,467 |
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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) |
Equipment |
- |
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4. |
Tangible assets |
Freehold property |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 26 December 2022 and 25 December 2023 |
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Depreciation |
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At 26 December 2022 |
– |
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Charge for the year |
– |
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-------- |
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At 25 December 2023 |
– |
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Carrying amount |
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At 25 December 2023 |
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At 25 December 2022 |
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Freehold property |
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£ |
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At 25 December 2023 |
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Aggregate cost |
5,806,641 |
Aggregate depreciation |
– |
------------ |
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Carrying value |
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At 25 December 2022 |
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Aggregate cost |
5,806,641 |
Aggregate depreciation |
– |
------------ |
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Carrying value |
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5. |
Debtors |
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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– |
Other debtors |
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-------- |
-------- |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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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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------------ |
--------- |
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------------ |
--------- |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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---- |
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8. |
Charges on assets |