|
|
|
|
Statement of Financial Position |
2024 |
2023 |
|
(restated) |
||
Note |
£ |
£ |
Tangible assets |
4 |
|
|
Debtors |
5 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
--------- |
||
|
|
||
Creditors: amounts falling due within one year |
6 |
|
|
------------ |
------------ |
||
Net current liabilities |
|
|
|
------------ |
------------ |
||
Total assets less current liabilities |
|
|
|
------------ |
------------ |
||
Net assets |
|
|
|
------------ |
------------ |
||
Other amounts |
7 |
2,514,468 |
2,046,005 |
------------ |
------------ |
||
Other reserves |
– |
– |
------------ |
------------ |
|
2,514,468 |
2,046,005 |
|
------------ |
------------ |
|
Loans and other debts due to members |
7 |
2,514,468 |
2,046,005 |
Members' other interests |
– |
– |
|
------------ |
------------ |
||
2,514,468 |
2,046,005 |
||
------------ |
------------ |
||
|
Statement of Financial Position (continued) |
|
|
Designated Member |
Designated Member |
|
Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
Plant and machinery |
- |
|
|
Fixtures and fittings |
- |
|
|
4. |
Tangible assets |
Investment property |
Plant and machinery |
Fixtures and fittings |
Total |
|
£ |
£ |
£ |
£ |
|
Cost or valuation |
||||
At 1 February 2023 (as restated) |
|
– |
|
|
Additions |
– |
|
– |
|
Revaluations |
|
– |
– |
|
------------ |
-------- |
--------- |
------------ |
|
At 31 January 2024 |
|
|
|
|
------------ |
-------- |
--------- |
------------ |
|
Depreciation |
||||
At 1 February 2023 |
– |
– |
|
|
Charge for the year |
– |
|
|
|
------------ |
-------- |
--------- |
------------ |
|
At 31 January 2024 |
– |
|
|
|
------------ |
-------- |
--------- |
------------ |
|
Carrying amount |
||||
At 31 January 2024 |
|
|
– |
|
------------ |
-------- |
--------- |
------------ |
|
At 31 January 2023 |
|
– |
|
|
------------ |
-------- |
--------- |
------------ |
|
Investment property |
|
£ |
|
At 31 January 2024 |
|
Aggregate cost |
5,120,596 |
Aggregate depreciation |
(602,813) |
------------ |
|
Carrying value |
|
------------ |
|
At 31 January 2023 |
|
Aggregate cost |
5,120,596 |
Aggregate depreciation |
(501,001) |
------------ |
|
Carrying value |
|
------------ |
|
5. |
Debtors |
2024 |
2023 |
|
(restated) |
||
£ |
£ |
|
Trade debtors |
|
– |
Other debtors |
|
|
-------- |
--------- |
|
|
|
|
-------- |
--------- |
|
2024 |
2023 |
|
(restated) |
||
£ |
£ |
|
Bank loans and overdrafts |
|
|
Accruals and deferred income |
|
|
Other creditors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
7. |
Loans and other debts due to members |
2024 |
2023 |
|
(restated) |
||
£ |
£ |
|
Amounts owed to members in respect of profits |
2,514,468 |
2,046,005 |
------------ |
------------ |
|
8. |
Charges on assets |
9. |
Related party transactions |
10. |
Commitments, guarantees and contingencies |
11. |
Transition to FRS 102 |
As previously stated |
Effect of transition |
FRS102 (as restated) |
||
£ |
£ |
£ |
||
Fixed assets |
4,611,827 |
398,589 |
5,010,416 |
|
Current assets |
660,602 |
660,602 |
||
Creditors: amounts falling due within one year |
(4,141,448) |
(4,141,448) |
||
Net current liabilities |
(3,480,846) |
(3,480,846) |
||
Total assets less current liabilities |
1,130,981 |
398,589 |
1,529,570 |
|
Net assets |
1,130,981 |
398,589 |
1,529,570 |
|
Loans and other debts due to members |
(1,130,981) |
(398,589) |
(1,529,570) |
|
As previously stated |
Effect of transition |
FRS102 (as restated) |
||
£ |
£ |
£ |
||
Fixed assets |
4,620,595 |
748,642 |
5,369,237 |
|
Current assets |
590,628 |
590,628 |
||
Creditors: amounts falling due within one year |
(3,913,860) |
(3,913,860) |
||
Net current liabilities |
(3,323,232) |
(3,323,232) |
||
Total assets less current liabilities |
1,297,363 |
748,642 |
2,046,005 |
|
Net assets |
1,297,363 |
748,642 |
2,046,005 |
|
Loans and other debts due to members |
(1,297,363) |
(748,642) |
(2,046,005) |
|