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Financial Statements |
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Contents |
Page |
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Members' report |
1 |
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Chartered accountant's report to the members on the preparation of the unaudited statutory financial statements |
2 |
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Statement of comprehensive income |
3 |
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Statement of financial position |
4 |
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Reconciliation of members' interests |
6 |
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Notes to the financial statements |
8 |
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Members' Report |
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Designated Member |
Designated Member |
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Registered office: |
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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 |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
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Cost of sales |
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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 |
4 |
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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 |
54,829 |
38,738 |
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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 |
5 |
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Debtors |
6 |
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– |
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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 |
7 |
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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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Other amounts |
8 |
6,403 |
12,372 |
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Other reserves |
– |
– |
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6,403 |
12,372 |
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-------- |
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Loans and other debts due to members |
8 |
6,403 |
12,372 |
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Members' other interests |
– |
– |
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------- |
-------- |
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6,403 |
12,372 |
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------- |
-------- |
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Statement of Financial Position (continued) |
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Designated Member |
Designated Member |
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Reconciliation of Members' Interests |
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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 December 2023 |
– |
– |
12,372 |
12,372 |
12,372 |
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Members remuneration charged as an expense |
(60,798) |
(60,798) |
(60,798) |
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Profit for the financial year available for discretionary division among members |
54,829 |
54,829 |
54,829 |
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Members' interests after profit for the year |
54,829 |
54,829 |
(48,426) |
(48,426) |
6,403 |
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Other division of profits |
(54,829) |
(54,829) |
54,829 |
54,829 |
– |
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-------- |
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------- |
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Balance at 30 November 2024 |
– |
– |
6,403 |
6,403 |
6,403 |
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Reconciliation of Members' Interests (continued) |
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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 December 2022 |
– |
– |
15,362 |
15,362 |
15,362 |
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Members remuneration charged as an expense |
(41,728) |
(41,728) |
(41,728) |
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Profit for the financial year available for discretionary division among members |
38,738 |
38,738 |
38,738 |
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Members' interests after profit for the year |
38,738 |
38,738 |
(26,366) |
(26,366) |
12,372 |
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Other division of profits |
(38,738) |
(38,738) |
38,738 |
38,738 |
– |
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Balance at 30 November 2023 |
– |
– |
12,372 |
12,372 |
12,372 |
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Notes to the Financial Statements |
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1. |
General information |
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2. |
Statement of compliance |
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3. |
Accounting policies |
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- |
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4. |
Operating profit |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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---- |
---- |
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5. |
Tangible assets |
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Fixtures and fittings |
Total |
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£ |
£ |
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Cost |
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At 1 December 2023 and 30 November 2024 |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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------- |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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------- |
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At 30 November 2023 |
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6. |
Debtors |
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2024 |
2023 |
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£ |
£ |
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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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---- |
---- |
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8. |
Loans and other debts due to members |
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2024 |
2023 |
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£ |
£ |
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Loans from members |
– |
1,710 |
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Amounts owed to members in respect of profits |
6,403 |
10,662 |
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------- |
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6,403 |
12,372 |
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