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Financial Statements |
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Contents |
Pages |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Directors' report |
3 to 4 |
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Directors' responsibilities statement |
5 |
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Independent auditor's report to the members |
6 to 9 |
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Income statement |
10 |
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Statement of comprehensive income |
11 |
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Statement of financial position |
12 |
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Statement of changes in equity |
13 |
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Statement of cash flows |
14 |
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Notes to the financial statements |
15 to 22 |
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Officers and Professional Advisers |
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The board of directors |
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Company secretary |
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Registered office |
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Auditor |
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Chartered Accountants & Statutory Auditor |
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Omega Court |
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364-366 Cemetery Road |
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Sheffield |
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S11 8FT |
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Bankers |
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1 High Street |
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Sheffield |
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South Yorkshire |
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S1 2GA |
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Strategic Report |
| 2024 | 2023 | ||
| £ | £ | ||
| Turnover | 7,209,954 | 7,283,367 | |
| Gross profit | 1,102,190 | 997,687 | |
| Operating loss | 476,851 | 681,774 | |
| Administrative costs | 1,901,847 | 1,956,961 | |
| Loss before tax | 473,362 | 680,149 | |
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Company Secretary |
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Registered office: |
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Directors' Report |
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Company Secretary |
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Registered office: |
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Directors' Responsibilities Statement |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered Accountants & Statutory Auditor |
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Omega Court |
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364-366 Cemetery Road |
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Sheffield |
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S11 8FT |
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Income Statement |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Other operating income |
5 |
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Operating loss |
6 |
(
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(
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Other interest receivable and similar income |
9 |
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----------- |
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Loss before taxation |
(
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(
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Tax on loss |
10 |
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--------- |
--------- |
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Loss for the financial year |
(
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(
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--------- |
--------- |
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Statement of Comprehensive Income |
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2024 |
2023 |
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£ |
£ |
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Loss for the financial year |
(
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(
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--------- |
--------- |
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Other comprehensive income for the year |
– |
– |
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--------- |
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Total comprehensive income for the year |
(
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(
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--------- |
--------- |
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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
11 |
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Stocks |
12 |
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Debtors |
13 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
14 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
15 |
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Provisions |
16 |
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Net assets |
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Called up share capital |
19 |
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Revaluation reserve |
20 |
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Profit and loss account |
20 |
(
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Shareholders funds |
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Chairman |
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Statement of Changes in Equity |
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Called up share capital |
Revaluation reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 October 2022 |
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Loss for the year |
(
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(
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Other comprehensive income for the year: |
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Reclassification from revaluation reserve to profit and loss account |
– |
(
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– |
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Total comprehensive income for the year |
– |
(
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(
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(
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At 30 September 2023 |
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Loss for the year |
(
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(
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Other comprehensive income for the year: |
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Reclassification from revaluation reserve to profit and loss account |
– |
(
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– |
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------ |
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----------- |
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Total comprehensive income for the year |
– |
(
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(
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(
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------ |
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At 30 September 2024 |
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(
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------ |
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Statement of Cash Flows |
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2024 |
2023 |
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£ |
£ |
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Loss for the financial year |
(
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(
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Adjustments for: |
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Depreciation of tangible assets |
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Other interest receivable and similar income |
(
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(
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Tax on loss |
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Accrued expenses |
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Changes in: |
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Stocks |
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Trade and other debtors |
(
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(
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Trade and other creditors |
(
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--------- |
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Cash generated from operations |
(
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(
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Interest received |
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--------- |
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Net cash used in operating activities |
(
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(
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Purchase of tangible assets |
(
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(
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--------- |
--------- |
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Net cash used in investing activities |
(
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(
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--------- |
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Proceeds from loans from group undertakings |
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--------- |
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Net cash from financing activities |
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--------- |
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of year |
522,147 |
498,932 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
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Long leasehold property |
- |
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Fixtures, fittings and equipment |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Provision of bar and restaurant services |
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Racing income and associated revenues |
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----------- |
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2024 |
2023 |
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£ |
£ |
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Rental income |
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Grant amortisation |
4,568
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4,240
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--------- |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Operating lease rentals |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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Other non-audit services |
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------- |
------- |
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2024 |
2023 |
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No. |
No. |
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Operating staff |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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----------- |
----------- |
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----------- |
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2024 |
2023 |
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£ |
£ |
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Corporation tax interest receivable |
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------ |
------ |
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2024 |
2023 |
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£ |
£ |
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Origination and reversal of timing differences |
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------- |
--------- |
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Tax on loss |
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------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Loss on ordinary activities before taxation |
(
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(
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--------- |
--------- |
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Loss on ordinary activities by rate of tax |
(
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(
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Adjustment to tax charge in respect of prior periods |
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– |
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Effect of expenses not deductible for tax purposes |
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Effect of depreciation on ineligible assets |
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Group relief |
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Effect of change in the main rate of corporation tax |
– |
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--------- |
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Tax on loss |
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Land and buildings |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 October 2023 |
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Additions |
– |
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– |
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------------ |
----------- |
--------- |
------------ |
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At 30 September 2024 |
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Depreciation |
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At 1 October 2023 |
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Charge for the year |
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At 30 September 2024 |
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------------ |
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Carrying amount |
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At 30 September 2024 |
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------------ |
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At 30 September 2023 |
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------------ |
----------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Raw materials and consumables |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Corporation tax repayable |
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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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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Social security and other taxes |
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----------- |
----------- |
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----------- |
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2024 |
2023 |
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£ |
£ |
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Accruals and deferred income |
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------- |
------- |
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Deferred tax (note 17) |
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£ |
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At 1 October 2023 |
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Additions |
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----------- |
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At 30 September 2024 |
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----------- |
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2024 |
2023 |
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£ |
£ |
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Included in provisions (note 16) |
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----------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Accelerated capital allowances |
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Revaluation of tangible assets |
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----------- |
--------- |
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1,053,000 |
977,000 |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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9,006 |
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9,006 |
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------ |
------ |
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------ |
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At 1 Oct 2023 |
Cash flows |
At 30 Sep 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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(2,521) |
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Debt due within one year |
(7,968,730) |
(345,124) |
(8,313,854) |
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----------- |
--------- |
----------- |
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(
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(
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(
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----------- |
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
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Later than 5 years |
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--------- |
------- |
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--------- |
------- |
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