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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 |
Designated Member |
Registered office: |
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Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£ |
£ |
Turnover |
– |
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Cost of sales |
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-------- |
------------- |
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Gross loss |
(
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(
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Administrative expenses |
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Other operating income |
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-------- |
--------- |
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Operating loss |
(
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(
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Other interest receivable and similar income |
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-------- |
--------- |
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Loss for the financial year before members' remuneration and profit shares available for discretionary division among members |
(37,029) |
(1,252) |
-------- |
--------- |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Debtors |
4 |
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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 |
5 |
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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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Other amounts |
– |
– |
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Members' capital classified as equity |
2,929,481 |
2,929,481 |
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Other reserves |
– |
– |
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2,929,481 |
2,929,481 |
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------------ |
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Amounts due from members |
(2,793,109) |
(2,745,299) |
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Loans and other debts due to members |
– |
– |
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Members' other interests |
2,929,481 |
2,929,481 |
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136,372 |
184,182 |
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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 |
||||
Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2024 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 February 2023 |
2,929,481 |
– |
2,929,481 |
(2,745,299) |
(2,745,299) |
184,182 |
Loss for the financial year available for discretionary division among members |
(37,029) |
(37,029) |
(37,029) |
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-------- |
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--------- |
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Members' interests after loss for the year |
2,929,481 |
(37,029) |
2,892,452 |
(2,745,299) |
(2,745,299) |
147,153 |
Other division of profits |
37,029 |
37,029 |
(37,029) |
(37,029) |
– |
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Introduced by members |
– |
– |
– |
– |
– |
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Repayments of capital |
– |
– |
– |
– |
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Drawings |
(10,781) |
(10,781) |
(10,781) |
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Other movements |
– |
– |
– |
– |
– |
– |
------------ |
-------- |
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Balance at 31 January 2024 |
2,929,481 |
– |
2,929,481 |
(2,793,109) |
(2,793,109) |
136,372 |
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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 2023 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 February 2022 |
5,834,207 |
– |
5,834,207 |
(2,383,319) |
(2,383,319) |
3,450,888 |
Loss for the financial year available for discretionary division among members |
(1,252) |
(1,252) |
(1,252) |
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------- |
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Members' interests after loss for the year |
5,834,207 |
(1,252) |
5,832,955 |
(2,383,319) |
(2,383,319) |
3,449,636 |
Other division of profits |
1,252 |
1,252 |
(1,252) |
(1,252) |
– |
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Introduced by members |
– |
– |
– |
– |
– |
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Repayments of capital |
(3,044,126) |
(3,044,126) |
– |
(3,044,126) |
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Drawings |
(360,728) |
(360,728) |
(360,728) |
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Other movements |
139,400 |
– |
139,400 |
– |
– |
139,400 |
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Balance at 31 January 2023 |
2,929,481 |
– |
2,929,481 |
(2,745,299) |
(2,745,299) |
184,182 |
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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. |
Debtors |
2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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Other creditors |
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-------- |
--------- |
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6. |
Prior period errors |
7. |
Related party transactions |