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Financial Statements |
Contents |
Page |
Members' report |
1 |
Chartered accountants report to the members on the preparation of the unaudited statutory financial statements |
2 |
Statement of comprehensive income |
3 |
Statement of financial position |
4 |
Reconciliation of members' interests |
6 |
Notes to the financial statements |
8 |
Members detailed schedules |
14 |
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Members' Report |
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Designated Member |
Designated Member |
Registered office: |
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Chartered Accountants Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of
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Statement of Comprehensive Income |
2023 |
2022 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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-------- |
-------- |
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Gross profit |
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Administrative expenses |
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-------- |
-------- |
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Operating (loss)/profit |
6 |
(
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Other interest receivable and similar income |
7 |
(
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Interest payable and similar expenses |
8 |
– |
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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 |
(17,871) |
3,063 |
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-------- |
-------- |
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Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Tangible assets |
9 |
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Work in progress |
10 |
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Debtors |
11 |
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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 |
12 |
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-------- |
--------- |
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Net current assets |
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-------- |
-------- |
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Total assets less current liabilities |
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-------- |
-------- |
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Net assets |
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-------- |
-------- |
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Other amounts |
13 |
41,084 |
58,531 |
-------- |
-------- |
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Other reserves, including the fair value reserve |
– |
– |
-------- |
-------- |
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41,084 |
58,531 |
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-------- |
-------- |
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Loans and other debts due to members |
13 |
41,084 |
58,531 |
Members' other interests |
– |
– |
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-------- |
-------- |
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41,084 |
58,531 |
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-------- |
-------- |
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Statement of Financial Position (continued) |
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Designated Member |
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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Other reserves, including the fair value reserve |
Total |
Other amounts |
Total |
Total 2023 |
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£ |
£ |
£ |
£ |
£ |
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Balance at 1 January 2023 |
– |
– |
58,531 |
58,531 |
58,531 |
Loss for the financial year available for discretionary division among members |
(17,871) |
(17,871) |
(17,871) |
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-------- |
-------- |
-------- |
-------- |
-------- |
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Members' interests after loss for the year |
(17,871) |
(17,871) |
58,531 |
58,531 |
40,660 |
Other division of profits |
17,871 |
17,871 |
(17,871) |
(17,871) |
– |
Introduced by members |
– |
23,500 |
23,500 |
23,500 |
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Reclassifications |
– |
– |
– |
– |
– |
Members' drawings |
– |
– |
(31,199) |
(31,199) |
(31,199) |
Other movements |
– |
– |
8,123 |
8,123 |
8,123 |
-------- |
-------- |
-------- |
-------- |
-------- |
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Balance at 31 December 2023 |
– |
– |
41,084 |
41,084 |
41,084 |
-------- |
-------- |
-------- |
-------- |
-------- |
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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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Other reserves, including the fair value reserve |
Total |
Other amounts |
Total |
Total 2022 |
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£ |
£ |
£ |
£ |
£ |
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Balance at 1 January 2022 |
– |
– |
107,019 |
107,019 |
107,019 |
Profit for the financial year available for discretionary division among members |
3,063 |
3,063 |
3,063 |
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------- |
------- |
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Members' interests after profit for the year |
3,063 |
3,063 |
107,019 |
107,019 |
110,082 |
Other division of profits |
(3,063) |
(3,063) |
3,063 |
3,063 |
– |
Introduced by members |
– |
4,419 |
4,419 |
4,419 |
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Reclassifications |
– |
– |
(18,631) |
(18,631) |
(18,631) |
Members' drawings |
– |
– |
(42,184) |
(42,184) |
(42,184) |
Other movements |
– |
– |
4,845 |
4,845 |
4,845 |
------- |
------- |
--------- |
--------- |
--------- |
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Balance at 31 December 2022 |
– |
– |
58,531 |
58,531 |
58,531 |
------- |
------- |
--------- |
--------- |
--------- |
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Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
Leasehold properties |
- |
12 years straight line
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Plant and machinery |
- |
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Fixtures, fittings and equipment |
- |
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4. |
Turnover |
2023 |
2022 |
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£ |
£ |
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Rendering of services |
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-------- |
-------- |
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5. |
Staff costs |
2023 |
2022 |
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No. |
No. |
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Administrative |
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---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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-------- |
-------- |
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6. |
Operating (loss)/profit |
2023 |
2022 |
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£ |
£ |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets |
– |
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Impairment of trade debtors |
2,385 |
5,535 |
------- |
------- |
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7. |
Other interest receivable and similar income |
2023 |
2022 |
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£ |
£ |
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Interest on cash and cash equivalents |
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Other interest receivable and similar income |
(
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---- |
---- |
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(
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---- |
---- |
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8. |
Interest payable and similar expenses |
2023 |
2022 |
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£ |
£ |
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Other interest payable and similar charges |
– |
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---- |
------- |
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9. |
Tangible assets |
Long leasehold property |
Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
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-------- |
-------- |
-------- |
-------- |
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At 31 December 2023 |
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-------- |
-------- |
-------- |
-------- |
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Carrying amount |
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At 31 December 2023 |
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-------- |
-------- |
-------- |
-------- |
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At 31 December 2022 |
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-------- |
-------- |
-------- |
-------- |
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10. |
Work in progress |
2023 |
2022 |
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£ |
£ |
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Work in progress |
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-------- |
-------- |
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11. |
Debtors |
2023 |
2022 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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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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Payments received on account |
– |
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Trade creditors |
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Accruals and deferred income |
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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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13. |
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 |
41,084 |
58,531 |
-------- |
-------- |
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Management Information |
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Members Detailed Schedules |
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Total |
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£ |
£ |
£ |
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Balance at 1 January 2023 |
25,124 |
33,407 |
58,531 |
Capital introduced by members |
– |
23,500 |
23,500 |
Other movements |
3,151 |
4,972 |
8,123 |
Members Drawings |
(15,599) |
(15,600) |
(31,199) |
Discretionary allocation of profits |
(8,936) |
(8,935) |
(17,871) |
-------- |
-------- |
-------- |
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Balance at 31 December 2023 |
3,740 |
37,344 |
41,084 |
-------- |
-------- |
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