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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 |
6 |
Notes to the financial statements |
8 |
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Members' Report |
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Designated Member |
Registered office: |
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Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£ |
£ |
Turnover |
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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 profit |
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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 |
134,940 |
146,880 |
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Statement of Financial Position |
2024 |
2023 |
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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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-------- |
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Net current 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 |
8 |
1,489,315 |
1,354,375 |
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Other reserves |
– |
– |
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1,489,315 |
1,354,375 |
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Loans and other debts due to members |
8 |
1,489,315 |
1,354,375 |
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Members' other interests |
– |
– |
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1,489,315 |
1,354,375 |
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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 |
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Other reserves |
Total |
Other amounts |
Total |
Total 2024 |
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£ |
£ |
£ |
£ |
£ |
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Balance at 1 April 2023 |
– |
– |
1,354,375 |
1,354,375 |
1,354,375 |
Profit for the financial year available for discretionary division among members |
134,940 |
134,940 |
134,940 |
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Members' interests after profit for the year |
134,940 |
134,940 |
1,354,375 |
1,354,375 |
1,489,315 |
Other division of profits |
(134,940) |
(134,940) |
134,940 |
134,940 |
– |
Drawings |
– |
– |
– |
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Balance at 31 March 2024 |
– |
– |
1,489,315 |
1,489,315 |
1,489,315 |
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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 |
Total |
Other amounts |
Total |
Total 2023 |
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£ |
£ |
£ |
£ |
£ |
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Balance at 1 April 2022 |
– |
– |
1,264,775 |
1,264,775 |
1,264,775 |
Profit for the financial year available for discretionary division among members |
146,880 |
146,880 |
146,880 |
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Members' interests after profit for the year |
146,880 |
146,880 |
1,264,775 |
1,264,775 |
1,411,655 |
Other division of profits |
(146,880) |
(146,880) |
146,880 |
146,880 |
– |
Drawings |
(57,280) |
(57,280) |
(57,280) |
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Balance at 31 March 2023 |
– |
– |
1,354,375 |
1,354,375 |
1,354,375 |
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Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
4. |
Tangible assets |
Land and buildings |
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£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
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Depreciation |
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At 1 April 2023 and 31 March 2024 |
– |
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Carrying amount |
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At 31 March 2024 |
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At 31 March 2023 |
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5. |
Debtors |
2024 |
2023 |
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£ |
£ |
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Trade debtors |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Other creditors |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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8. |
Loans and other debts due to members |
2024 |
2023 |
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£ |
£ |
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Amounts owed to members in respect of profits |
1,489,315 |
1,354,375 |
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