Page | |
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Balance Sheet | 1 |
Notes to the Financial Statements | 2—6 |
2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 1,671,207 | 848,516 | |||
Director
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Computer Equipment |
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Computer Equipment | |
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£ | |
Cost | |
As at 1 January 2023 |
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Additions |
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Disposals |
( |
As at 31 December 2023 |
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Depreciation | |
As at 1 January 2023 |
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Provided during the period |
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Disposals |
( |
As at 31 December 2023 |
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Net Book Value | |
As at 31 December 2023 |
|
As at 1 January 2023 |
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2023 | 2022 | ||
---|---|---|---|
£ | £ | ||
Due within one year | |||
Trade debtors |
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Amounts owed by group undertakings | 4,309,397 | 2,018,575 | |
Other debtors | 61,722 | 47,508 | |
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2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Amounts owed to group undertakings |
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Other creditors | 3,335,852 | 2,986,836 | |
Taxation and social security |
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Key assumptions
|
2023
%
|
2022
%
|
2021
%
|
Discount rate
|
4.50
|
4.80
|
1.95
|
Expected rate of increase of pensions in payment
|
3.30
|
3.40
|
3.35
|
2023
£
|
2022
£
|
2021
£
|
|
Present value of defined benefit obligations
|
(1,452,000)
|
(2,200,000)
|
(3,473,000)
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Fair value of plan assets
|
3,659,000
|
3,671,000
|
3,681,000
|
Net defined benefit in scheme
|
2,207,000
|
1,471,000
|
208,000
|
Movements in the present value of defined benefit obligations
|
2023
£
|
2022
£
|
2021
£
|
Liabilities at 1 January 2023
|
(2,200,000)
|
(3,473,000)
|
(3,615,000)
|
Net interest expense
|
(103,000)
|
(66,000)
|
(51,000)
|
Benefits paid
|
108,000
|
170,000
|
193,000
|
Actuarial gain/(loss)
|
743,000
|
1,169,000
|
0
|
At 31 December 2023
|
(1,452,000)
|
(2,200,000)
|
(3,473,000)
|
Movements in the fair value of plan assets
|
2023
£
|
2022
£
|
2021
£
|
Fair value of assets at 1 January 2023
|
3,671,000
|
3,681,000
|
3,637,000
|
Administration expenses
|
(4,000)
|
(3,000)
|
(3,000)
|
Interest income
|
174,000
|
70,000
|
51,000
|
Return on plan assets (excluding amounts included in net interest)
|
(74,000)
|
93,000
|
189,000
|
Benefits paid
|
(108,000)
|
(170,000)
|
(193,000)
|
At 31 December 2023
|
3,659,000
|
3,671,000
|
3,681,000
|
Life Expectancy
|
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Male
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Female
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Age 65
|
Age 65 in 20 years
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Age 65
|
Age 65 in 20 years
|
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103% S3PM/FA with CMI_2022 improvements subject to a 1.25% p.a. long-term rate
|
86.2
|
87.4
|
88.6
|
90.1
|
103% S3PM/FA with CMI_2022 improvements subject to a 1.25% p.a. long-term rate
|
86.8
|
88.1
|
89.2
|
90.6
|
843 Finchley Road
London
NW11 8NA
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