STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
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FOR THE PERIOD ENDED |
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ABRIDGED FINANCIAL STATEMENTS |
Contents |
Page |
Designated members and professional advisers |
1 |
Members' report |
2 |
Abridged statement of income and retained earnings |
4 |
Abridged statement of financial position |
5 |
Reconciliation of members' interests |
7 |
Notes to the abridged financial statements |
9 |
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DESIGNATED MEMBERS AND PROFESSIONAL ADVISERS |
Designated members |
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Registered office |
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Accountants |
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Accountants and Registered Auditors |
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Lifford Hall |
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Lifford Lane |
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Kings Norton |
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Birmingham |
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B30 3JN |
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MEMBERS' REPORT |
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Designated Member |
Registered office: |
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ABRIDGED STATEMENT OF INCOME AND RETAINED EARNINGS |
Period from |
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Year to |
1 Jan 22 to |
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28 Feb 24 |
28 Feb 23 |
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Note |
£ |
£ |
Gross profit |
– |
– |
Administrative expenses |
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Operating loss |
4 |
(
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(
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Interest payable and similar expenses |
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Loss for the financial period before members' remuneration and profit shares available for discretionary division among members |
(2,365) |
(2,871) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2024 |
2023 |
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Note |
£ |
£ |
£ |
£ |
Tangible assets |
5 |
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Debtors |
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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 |
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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 |
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Net assets |
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Other amounts |
6 |
155,879 |
158,244 |
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Other reserves |
– |
– |
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155,879 |
158,244 |
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Loans and other debts due to members |
6 |
155,879 |
158,244 |
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Members' other interests |
– |
– |
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155,879 |
158,244 |
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ABRIDGED 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 March 2023 |
– |
– |
158,244 |
158,244 |
158,244 |
Loss for the financial period available for discretionary division among members |
(2,365) |
(2,365) |
(2,365) |
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Members' interests after loss for the period |
(2,365) |
(2,365) |
158,244 |
158,244 |
155,879 |
Other division of profits |
2,365 |
2,365 |
(2,365) |
(2,365) |
– |
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Balance at 28 February 2024 |
– |
– |
155,879 |
155,879 |
155,879 |
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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 January 2022 |
– |
– |
161,115 |
161,115 |
161,115 |
Loss for the financial period available for discretionary division among members |
(2,871) |
(2,871) |
(2,871) |
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Members' interests after loss for the period |
(2,871) |
(2,871) |
161,115 |
161,115 |
158,244 |
Other division of profits |
2,871 |
2,871 |
(2,871) |
(2,871) |
– |
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Balance at 28 February 2023 |
– |
– |
158,244 |
158,244 |
158,244 |
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
Fixtures and fittings |
- |
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4. |
Operating loss |
Period from |
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Year to |
1 Jan 22 to |
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28 Feb 24 |
28 Feb 23 |
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£ |
£ |
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Depreciation of tangible assets |
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5. |
Tangible assets |
£ |
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Cost |
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At 1 March 2023 and 28 February 2024 |
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Depreciation |
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At 1 March 2023 |
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Charge for the period |
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At 28 February 2024 |
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Carrying amount |
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At 28 February 2024 |
136,195 |
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At 28 February 2023 |
136,203 |
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6. |
Loans and other debts due to members |
2024 |
2023 |
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£ |
£ |
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Loans from members |
40,850 |
40,850 |
Amounts owed to members in respect of profits |
115,029 |
117,394 |
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155,879 |
158,244 |
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