Registration number:
Dunard Holdings Limited
for the Year Ended 30 November 2024
Dunard Holdings Limited
Contents
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Company Information |
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Director's Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Dunard Holdings Limited
Company Information
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Director |
Mr Neil Morrison |
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Registered office |
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Accountants |
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Dunard Holdings Limited
Director's Report for the Year Ended 30 November 2024
The director presents his report and the financial statements for the year ended 30 November 2024.
Director of the company
The director who held office during the year was as follows:
Principal activity
The principal activity of the company is a holding company
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Dunard Holdings Limited
for the Year Ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dunard Holdings Limited for the year ended 30 November 2024 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Dunard Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dunard Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Dunard Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dunard Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Dunard Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dunard Holdings Limited. You consider that Dunard Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dunard Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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1 Aldersyde
Taynuilt
Argyll
PA35 1AG
Dunard Holdings Limited
Profit and Loss Account for the Year Ended 30 November 2024
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Note |
2024 |
2023 |
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Turnover |
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Gross profit |
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Administrative expenses |
- |
( |
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Operating profit |
75,000 |
64,500 |
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Profit before tax |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Dunard Holdings Limited
Statement of Comprehensive Income for the Year Ended 30 November 2024
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2024 |
2023 |
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Profit for the year |
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Total comprehensive income for the year |
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Dunard Holdings Limited
(Registration number: SC714547)
Balance Sheet as at 30 November 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
138,900 |
63,900 |
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Shareholders' funds |
139,000 |
64,000 |
For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Dunard Holdings Limited
Statement of Changes in Equity for the Year Ended 30 November 2024
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Share capital |
Retained earnings |
Total |
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At 1 December 2023 |
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Profit for the year |
- |
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At 30 November 2024 |
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Share capital |
Retained earnings |
Total |
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At 1 December 2022 |
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( |
( |
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Profit for the year |
- |
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At 30 November 2023 |
100 |
63,900 |
64,000 |
Dunard Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Dunard Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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Investments in associates |
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Dunard Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Subsidiaries |
£ |
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Cost or valuation |
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At 1 December 2023 |
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Additions |
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At 30 November 2024 |
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Provision |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Associates |
£ |
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Cost |
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At 1 December 2023 |
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Provision |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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Benleva Hotel
Scotland |
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MacGochans, Ledaig
Scotland |
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Dunard Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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9 Erray Road, Tobermory
Scotland |
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Lochside Hotel, 20 Shore Street
Scotland |
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Lochside Hotel, 20 Shore Street
Scotland |
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5 Eas Brae Apartments
Scotland |
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Associates |
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Benleva Hotel
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Ordinary |
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Scotland |
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1 Railway Pier
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Ordinary |
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Scotland |
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1 The Pier
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Ordinary |
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Scotland |
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Subsidiary undertakings |
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Benleva Hotel Trading Ltd The principal activity of Benleva Hotel Trading Ltd is |
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MacGochans Ltd The principal activity of MacGochans Ltd is |
Dunard Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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The Rocks Property Holdings Ltd The principal activity of The Rocks Property Holdings Ltd is |
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Lochside Hotel Ltd The principal activity of Lochside Hotel Ltd is |
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Lochside Hotel Trading Ltd The principal activity of Lochside Hotel Trading Ltd is |
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Roslyn House Trading Ltd The principal activity of Roslyn House Trading Ltd is |
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Associates |
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Benleva Hotel Ltd The principal activity of Benleva Hotel Ltd is |
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Ben Nevis Bar Trading Company Ltd The principal activity of Ben Nevis Bar Trading Company Ltd is |
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Ben Nevis Bar Ltd The principal activity of Ben Nevis Bar Ltd is |
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Debtors |
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Current |
Note |
2024 |
2023 |
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Amounts owed by related parties |
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Dunard Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Trade creditors |
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Other creditors |
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Creditors: amounts falling due after more than one year
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2024 |
2023 |
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Due after one year |
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Other financial liabilities |
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Related party transactions |
Summary of transactions with subsidiaries
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Loans to related parties
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2024 |
Subsidiary |
Total |
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At start of period |
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Advanced |
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At end of period |
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Dunard Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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2023 |
Subsidiary |
Total |
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Advanced |
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At end of period |
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Loans from related parties
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2024 |
Subsidiary |
Total |
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At start of period |
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Repaid |
( |
( |
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At end of period |
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2023 |
Subsidiary |
Total |
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Advanced |
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At end of period |
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