|
|
|
|
Financial Statements |
Contents |
Page |
Designated members and professional advisers |
1 |
Members' report |
2 |
Statement of comprehensive income |
4 |
Statement of financial position |
5 |
Reconciliation of members' interests |
7 |
Notes to the financial statements |
9 |
|
Designated Members and Professional Advisers |
Designated members |
|
|
|
|
|
Registered office |
|
|
|
|
|
U.K. |
|
|
|
|
Members' Report |
|
|
|
|
|
|
Registered office: |
|
|
|
U.K. |
|
|
Statement of Comprehensive Income |
Period from |
||
Year to |
6 Apr 22 to |
|
31 Mar 24 |
31 Mar 23 |
|
Note |
£ |
£ |
Turnover |
|
|
--------- |
--------- |
|
Gross profit |
|
|
Administrative expenses |
|
|
Fair value adjustment - investment property |
(360,000) |
235,000
|
--------- |
--------- |
|
Operating profit/(loss) |
|
(
|
Interest payable and similar expenses |
|
|
--------- |
--------- |
|
Profit/(loss) for the financial year before members' remuneration and profit shares available for discretionary division among members |
394,674 |
(186,738) |
--------- |
--------- |
|
|
Statement of Financial Position |
2024 |
2023 |
|
Note |
£ |
£ |
Tangible assets |
4 |
|
|
Debtors |
5 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
------------ |
||
|
|
||
Creditors: amounts falling due within one year |
6 |
|
|
--------- |
------------ |
||
Net current assets |
|
|
|
------------ |
------------ |
||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
|
------------ |
------------ |
||
Net assets |
|
|
|
------------ |
------------ |
||
Other amounts |
8 |
1,389,966 |
980,726 |
Other reserves |
1,551,965 |
1,551,965 |
------------ |
------------ |
|
2,941,931 |
2,532,691 |
|
------------ |
------------ |
|
Amounts due from members |
(486,208) |
(931,672) |
|
Loans and other debts due to members |
8 |
1,389,966 |
980,726 |
Members' other interests |
1,551,965 |
1,551,965 |
|
------------ |
------------ |
||
2,455,723 |
1,601,019 |
||
------------ |
------------ |
||
|
Statement of Financial Position (continued) |
|
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 |
|||
Other reserves |
Total |
Other amounts |
Total |
Total 2024 |
|
£ |
£ |
£ |
£ |
£ |
|
Amounts due to members |
995,292 |
995,292 |
|||
Amounts due from members |
(946,208) |
(946,208) |
|||
--------- |
--------- |
||||
Balance at 1 April 2023 |
1,551,965 |
1,551,965 |
49,084 |
49,084 |
1,601,049 |
Profit for the financial year available for discretionary division among members |
394,674 |
394,674 |
394,674 |
||
------------ |
------------ |
--------- |
--------- |
------------ |
|
Members' interests after profit for the year |
1,946,639 |
1,946,639 |
49,084 |
49,084 |
1,995,723 |
Other division of profits |
(394,674) |
(394,674) |
394,674 |
394,674 |
– |
Introduced by members |
– |
460,000 |
460,000 |
460,000 |
|
Repayments of debt |
– |
– |
– |
||
------------ |
------------ |
||||
Amounts due to members |
1,389,966 |
1,389,966 |
|||
Amounts due from members |
(486,208) |
(486,208) |
|||
------------ |
------------ |
------------ |
------------ |
------------ |
|
Balance at 31 March 2024 |
1,551,965 |
1,551,965 |
903,758 |
903,758 |
2,455,723 |
------------ |
------------ |
------------ |
------------ |
------------ |
|
|
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 |
|||
Other reserves |
Total |
Other amounts |
Total |
Total 2023 |
|
£ |
£ |
£ |
£ |
£ |
|
Amounts due to members |
995,292 |
995,292 |
|||
Amounts due from members |
(269,500) |
(269,500) |
|||
--------- |
--------- |
||||
Balance at 6 April 2022 |
1,551,965 |
1,551,965 |
725,792 |
725,792 |
2,277,757 |
Loss for the financial period available for discretionary division among members |
(186,738) |
(186,738) |
(186,738) |
||
------------ |
------------ |
--------- |
--------- |
------------ |
|
Members' interests after loss for the period |
1,365,227 |
1,365,227 |
725,792 |
725,792 |
2,091,019 |
Other division of profits |
186,738 |
186,738 |
(186,738) |
(186,738) |
– |
Introduced by members |
– |
– |
– |
– |
|
Repayments of debt |
(490,000) |
(490,000) |
(490,000) |
||
--------- |
--------- |
||||
Amounts due to members |
980,726 |
980,726 |
|||
Amounts due from members |
(931,672) |
(931,672) |
|||
------------ |
------------ |
--------- |
--------- |
------------ |
|
Balance at 31 March 2023 |
1,551,965 |
1,551,965 |
49,054 |
49,054 |
1,601,019 |
------------ |
------------ |
--------- |
--------- |
------------ |
|
|
Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
4. |
Tangible assets |
Freehold property |
|
£ |
|
Cost or valuation |
|
At 1 April 2023 |
|
Revaluations |
|
------------ |
|
At 31 March 2024 |
|
------------ |
|
Depreciation |
|
At 1 April 2023 and 31 March 2024 |
– |
------------ |
|
Carrying amount |
|
At 31 March 2024 |
|
------------ |
|
At 31 March 2023 |
|
------------ |
|
5. |
Debtors |
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
– |
|
Amounts due from members |
486,208 |
931,672 |
Other debtors |
|
|
--------- |
------------ |
|
|
|
|
--------- |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Accruals and deferred income |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
------------ |
------------ |
|
8. |
Loans and other debts due to members |
2024 |
2023 |
|
£ |
£ |
|
Amounts owed to members in respect of profits |
1,389,966 |
980,726 |
------------ |
--------- |
|
9. |
Fair value reserve |
2024 |
2023 |
|
£ |
£ |
|
------------ |
------------ |
|
At start and end of year |
1,551,965 |
1,551,965 |
------------ |
------------ |
|