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Financial Statements |
Contents |
Page |
Designated members and professional advisers |
1 |
Members' report |
2 |
Chartered accountant's report to the members on the preparation of the unaudited statutory financial statements |
3 |
Statement of comprehensive income |
4 |
Statement of financial position |
5 |
Reconciliation of members' interests |
6 |
Notes to the financial statements |
8 |
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Designated Members and Professional Advisers |
Designated members |
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Registered office |
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England |
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Accountants |
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Chartered accountants |
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Warnford Court |
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29 Throgmorton Street |
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London |
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EC2N 2AT |
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Members' Report |
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Designated Member |
Designated Member |
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Chartered Accountant's Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of
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Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£ |
£ |
Administrative expenses |
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--------- |
-------- |
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Operating loss |
4 |
(
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(
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--------- |
-------- |
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Loss for the financial year before members' remuneration and profit shares available for discretionary division among members |
(120,214) |
(67,186) |
--------- |
-------- |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Tangible assets |
6 |
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Debtors |
7 |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Other amounts |
9 |
4,537,817 |
4,658,031 |
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Members' capital classified as equity |
100 |
100 |
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Other reserves, including the fair value reserve |
– |
– |
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4,537,917 |
4,658,131 |
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Loans and other debts due to members |
9 |
4,537,817 |
4,658,031 |
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Members' other interests |
100 |
100 |
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4,537,917 |
4,658,131 |
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Designated Member |
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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Members' capital (classified as equity) |
Other reserves, including the fair value reserve |
Total |
Other amounts |
Total |
Total 2024 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 January 2024 |
100 |
– |
100 |
4,658,031 |
4,658,031 |
4,658,131 |
Loss for the financial year available for discretionary division among members |
(120,214) |
(120,214) |
(120,214) |
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---- |
--------- |
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Members' interests after loss for the year |
100 |
(120,214) |
(120,114) |
4,658,031 |
4,658,031 |
4,537,917 |
Other division of profits |
120,214 |
120,214 |
(120,214) |
(120,214) |
– |
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---- |
--------- |
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Balance at 31 December 2024 |
100 |
– |
100 |
4,537,817 |
4,537,817 |
4,537,917 |
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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, including the fair value reserve |
Total |
Other amounts |
Total |
Total 2023 |
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£ |
£ |
£ |
£ |
£ |
£ |
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Balance at 1 January 2023 |
100 |
– |
100 |
4,725,217 |
4,725,217 |
4,725,317 |
Loss for the financial year available for discretionary division among members |
(67,186) |
(67,186) |
(67,186) |
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Members' interests after loss for the year |
100 |
(67,186) |
(67,086) |
4,725,217 |
4,725,217 |
4,658,131 |
Other division of profits |
67,186 |
67,186 |
(67,186) |
(67,186) |
– |
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---- |
-------- |
-------- |
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------------ |
------------ |
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Balance at 31 December 2023 |
100 |
– |
100 |
4,658,031 |
4,658,031 |
4,658,131 |
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-------- |
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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. |
Operating loss |
2024 |
2023 |
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£ |
£ |
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Foreign exchange differences |
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--------- |
-------- |
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5. |
Information in relation to members |
2024 |
2023 |
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No. |
No. |
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Average number of members |
2 |
2 |
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6. |
Tangible assets |
Land and buildings |
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£ |
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Cost |
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At 1 January 2024 and 31 December 2024 |
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Depreciation |
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At 1 January 2024 and 31 December 2024 |
– |
------------ |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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7. |
Debtors |
2024 |
2023 |
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£ |
£ |
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Other debtors |
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2024 |
2023 |
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£ |
£ |
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Other creditors |
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-------- |
-------- |
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9. |
Loans and other debts due to members |
2024 |
2023 |
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£ |
£ |
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Amounts owed to members in respect of profits |
4,537,817 |
4,658,031 |
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10. |
Transition to FRS 102 |
11. |
Other spare note 99 heading |