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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 |
Chartered accountant's report to the members on the preparation of the unaudited statutory financial statements |
13 |
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Members' Report |
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Designated Member |
Registered office: |
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London |
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Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£ |
£ |
Turnover |
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------------ |
------------ |
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Gross profit |
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Administrative expenses |
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------------ |
------------ |
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Operating profit |
5 |
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Other interest receivable and similar income |
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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 |
2,097,138 |
1,188,417 |
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------------ |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
Intangible assets |
6 |
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Tangible assets |
7 |
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--------- |
--------- |
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Work in progress |
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Debtors |
8 |
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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 |
9 |
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Net current assets/(liabilities) |
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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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Other amounts |
10 |
430,351 |
227,633 |
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Other reserves |
– |
– |
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--------- |
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430,351 |
227,633 |
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Loans and other debts due to members |
10 |
430,351 |
227,633 |
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Members' other interests |
– |
– |
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--------- |
--------- |
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430,351 |
227,633 |
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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 |
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Other reserves |
Total |
Other amounts |
Total |
Total 2024 |
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£ |
£ |
£ |
£ |
£ |
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Balance at 1 April 2023 |
– |
– |
227,634 |
227,634 |
227,634 |
Profit for the financial year available for discretionary division among members |
2,097,138 |
2,097,138 |
2,097,138 |
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Members' interests after profit for the year |
2,097,138 |
2,097,138 |
227,634 |
227,634 |
2,324,772 |
Other division of profits |
(2,097,138) |
(2,097,138) |
2,097,138 |
2,097,138 |
– |
Drawings |
(1,894,421) |
(1,894,421) |
(1,894,421) |
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Balance at 31 March 2024 |
– |
– |
430,351 |
430,351 |
430,351 |
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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 April 2022 |
– |
– |
132,451 |
132,451 |
132,451 |
Profit for the financial year available for discretionary division among members |
1,188,417 |
1,188,417 |
1,188,417 |
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Members' interests after profit for the year |
1,188,417 |
1,188,417 |
132,451 |
132,451 |
1,320,868 |
Other division of profits |
(1,188,417) |
(1,188,417) |
1,188,417 |
1,188,417 |
– |
Drawings |
(1,093,235) |
(1,093,235) |
(1,093,235) |
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Balance at 31 March 2023 |
– |
– |
227,633 |
227,633 |
227,633 |
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Notes to the Financial Statements |
1. |
General information |
2. |
Statement of compliance |
3. |
Accounting policies |
Goodwill |
- |
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Fixtures, fitings and equipment |
- |
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Motor cars |
- |
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Computer equipment |
- |
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4. |
Employee numbers |
5. |
Operating profit |
2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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-------- |
-------- |
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6. |
Intangible assets |
Goodwill |
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£ |
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Cost |
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At 1 April 2023 and 31 March 2024 |
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Amortisation |
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At 1 April 2023 |
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Charge for the year |
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At 31 March 2024 |
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Carrying amount |
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At 31 March 2024 |
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--------- |
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At 31 March 2023 |
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7. |
Tangible assets |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2023 |
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Additions |
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– |
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------- |
-------- |
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At 31 March 2024 |
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------- |
-------- |
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Depreciation |
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At 1 April 2023 |
– |
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Charge for the year |
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------- |
-------- |
--------- |
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At 31 March 2024 |
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------- |
-------- |
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Carrying amount |
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At 31 March 2024 |
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------- |
-------- |
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--------- |
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At 31 March 2023 |
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------- |
-------- |
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8. |
Debtors |
2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Social security and other taxes |
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Other creditors |
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------------ |
------------ |
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10. |
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 |
430,351 |
227,633 |
--------- |
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Management Information |
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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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