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Financial Statements |
Contents |
Page |
Members' report |
1 |
Statement of comprehensive income |
2 |
Statement of financial position |
3 |
Reconciliation of members' interests |
5 |
Notes to the financial statements |
7 |
Members detailed schedules |
11 |
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Members' Report |
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Designated Member |
Registered office: |
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Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£ |
£ |
Administrative expenses |
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Other operating income |
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--------- |
--------- |
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Operating profit |
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--------- |
--------- |
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Profit for the financial year before members' remuneration and profit shares available for discretionary division among members |
230,988 |
212,069 |
--------- |
--------- |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
4 |
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Debtors |
5 |
– |
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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 |
6 |
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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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------------ |
------------ |
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Other amounts |
7 |
96,947 |
17,401 |
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Members' capital classified as equity |
6,781,461 |
6,780,091 |
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Other reserves |
– |
– |
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------------ |
------------ |
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6,878,408 |
6,797,492 |
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------------ |
------------ |
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Amounts due from members |
– |
(144) |
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Loans and other debts due to members |
7 |
96,947 |
17,401 |
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Members' other interests |
6,781,461 |
6,780,091 |
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------------ |
------------ |
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6,878,408 |
6,797,348 |
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------------ |
------------ |
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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 |
||||
Members' capital (classified as equity) |
Other reserves |
Total |
Other amounts |
Total |
Total 2024 |
|
£ |
£ |
£ |
£ |
£ |
£ |
|
Amounts due to members |
17,401 |
17,401 |
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Amounts due from members |
(144) |
(144) |
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-------- |
-------- |
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Balance at 1 April 2023 |
6,780,091 |
– |
6,780,091 |
17,257 |
17,257 |
6,797,348 |
Profit for the financial year available for discretionary division among members |
230,988 |
230,988 |
230,988 |
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------------ |
--------- |
------------ |
-------- |
-------- |
------------ |
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Members' interests after profit for the year |
6,780,091 |
230,988 |
7,011,079 |
17,257 |
17,257 |
7,028,336 |
Other division of profits |
(230,988) |
(230,988) |
230,988 |
230,988 |
– |
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Introduced by members |
3,778,626 |
3,778,626 |
– |
– |
3,778,626 |
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Drawings |
(3,928,554) |
(3,928,554) |
(3,928,554) |
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Reclassifications |
– |
– |
– |
– |
– |
– |
Other movements |
(3,777,256) |
– |
(3,777,256) |
3,777,256 |
3,777,256 |
– |
------------ |
------------ |
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Amounts due to members |
96,947 |
96,947 |
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Amounts due from members |
– |
– |
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------------ |
--------- |
------------ |
------------ |
------------ |
------------ |
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Balance at 31 March 2024 |
6,781,461 |
– |
6,781,461 |
96,947 |
96,947 |
6,878,408 |
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--------- |
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------------ |
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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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Amounts due to members |
– |
– |
||||
Amounts due from members |
– |
– |
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---- |
---- |
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Balance at 1 April 2022 |
6,779,500 |
– |
6,779,500 |
– |
– |
6,779,500 |
Profit for the financial year available for discretionary division among members |
212,069 |
212,069 |
212,069 |
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------------ |
--------- |
------------ |
---- |
---- |
------------ |
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Members' interests after profit for the year |
6,779,500 |
212,069 |
6,991,569 |
– |
– |
6,991,569 |
Other division of profits |
(212,069) |
(212,069) |
212,069 |
212,069 |
– |
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Introduced by members |
198,875 |
198,875 |
13,840 |
13,840 |
212,715 |
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Drawings |
(406,936) |
(406,936) |
(406,936) |
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Reclassifications |
– |
– |
– |
198,284 |
198,284 |
198,284 |
Other movements |
(198,284) |
– |
(198,284) |
– |
– |
(198,284) |
--------- |
--------- |
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Amounts due to members |
17,401 |
17,401 |
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Amounts due from members |
(144) |
(144) |
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------------ |
--------- |
------------ |
--------- |
--------- |
------------ |
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Balance at 31 March 2023 |
6,780,091 |
– |
6,780,091 |
17,257 |
17,257 |
6,797,348 |
------------ |
--------- |
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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. |
Tangible assets |
Land and buildings |
|
£ |
|
Cost |
|
At 1 April 2023 and 31 March 2024 |
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------------ |
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Depreciation |
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At 1 April 2023 and 31 March 2024 |
– |
------------ |
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Carrying amount |
|
At 31 March 2024 |
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------------ |
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At 31 March 2023 |
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------------ |
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5. |
Debtors |
2024 |
2023 |
|
£ |
£ |
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Other debtors |
– |
|
---- |
---- |
|
2024 |
2023 |
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£ |
£ |
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Other creditors |
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-------- |
-------- |
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7. |
Loans and other debts due to members |
2024 |
2023 |
|
£ |
£ |
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Amounts owed to members in respect of profits |
96,947 |
17,401 |
-------- |
-------- |
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Management Information |
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Members Detailed Schedules |
Canprop 1 Limited |
Launcelot Investments UK Limited |
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Total |
|
£ |
£ |
£ |
£ |
£ |
|
Balance at 1 April 2023 |
3,220,261 |
3,128,945 |
260,806 |
170,079 |
6,780,091 |
Capital introduced by members |
– |
3,778,626 |
– |
– |
3,778,626 |
Reclassifications |
556,995 |
(521,626) |
(21,444) |
(13,925) |
– |
Other movements |
(3,777,256) |
– |
– |
– |
(3,777,256) |
------------ |
------------ |
--------- |
--------- |
------------ |
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Balance at 31 March 2024 |
– |
6,385,945 |
239,362 |
156,154 |
6,781,461 |
------------ |
------------ |
--------- |
--------- |
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Canprop 1 Limited |
Launcelot Investments UK Limited |
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Total |
|
£ |
£ |
£ |
£ |
£ |
|
Balance at 1 April 2023 |
8,477 |
8,213 |
711 |
(144) |
17,257 |
Other movements |
3,777,256 |
– |
– |
– |
3,777,256 |
Discretionary allocation of profits |
– |
216,320 |
8,893 |
5,775 |
230,988 |
Drawings |
(3,785,733) |
(133,306) |
(5,767) |
(3,748) |
(3,928,554) |
------------ |
--------- |
------- |
------- |
------------ |
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Balance at 31 March 2024 |
– |
91,227 |
3,837 |
1,883 |
96,947 |
------------ |
--------- |
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------- |
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