Registration number:
Shakespeare Spit Roast Limited
for the Year Ended 30 November 2024
Shakespeare Spit Roast 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 |
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Detailed Profit and Loss Account |
Shakespeare Spit Roast Limited
Company Information
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Director |
Mr S Harrison |
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Registered office |
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Accountants |
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Shakespeare Spit Roast 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 catering.
Going concern
The financial statements have been prepared on a going concern basis with the Director having given due consideration to the potential impact of Brexit. He has concluded that neither the Company's ability to trade nor the value of its assets will be significantly impaired.
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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Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Shakespeare Spit Roast 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 Shakespeare Spit Roast Limited for the year ended 30 November 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
It is your duty to ensure that Shakespeare Spit Roast 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 Shakespeare Spit Roast Limited. You consider that Shakespeare Spit Roast 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 Shakespeare Spit Roast 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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8 Hagley Road
Stourbridge
West Midlands
DY8 1PS
Shakespeare Spit Roast 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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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
6,395 |
29,077 |
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Other interest receivable and similar income |
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Profit before tax |
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Tax on profit |
( |
( |
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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.
Shakespeare Spit Roast 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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Shakespeare Spit Roast Limited
(Registration number: 07432173)
Balance Sheet as at 30 November 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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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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Provisions for liabilities |
( |
( |
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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 |
19,671 |
33,452 |
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Shareholders' funds |
19,771 |
33,552 |
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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• |
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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 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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Shakespeare Spit Roast 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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Dividends |
- |
( |
( |
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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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Profit for the year |
- |
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Dividends |
- |
( |
( |
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At 30 November 2023 |
100 |
33,452 |
33,552 |
Shakespeare Spit Roast Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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General information |
The company is a private company limited by share capital, incorporated in Other.
The address of its registered office is:
England
The principal place of business is:
6 Thomas Bland Road
Stratford upon Avon
Warwickshire
CV37 0TX
England
These financial statements were authorised for issue by the
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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 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Going concern
The financial statements have been prepared on a going concern basis with the Director having given due consideration to the potential impact of Brexit. He has concluded that neither the Company's ability to trade nor the value of its assets will be significantly impaired.
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.
Shakespeare Spit Roast Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
Government grants
Government revenue grants are recognised in the period in which they are received and shown as other operating income. Any related expenses are recognised in the same period as the said income although they are not offset but disclosed separately within the financial statements.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
15% reducing balance |
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Motor vehicles |
15% reducing balance |
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.
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.
Shakespeare Spit Roast Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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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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Profit before tax |
Arrived at after charging/(crediting)
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2024 |
2023 |
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Depreciation expense |
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Shakespeare Spit Roast Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Tangible assets |
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Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 December 2023 |
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At 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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At 30 November 2024 |
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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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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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Taxation and social security |
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Other creditors |
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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 |
Shakespeare Spit Roast Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024
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Related party transactions |
Key management personnel
At the year end the Company owed key management £1,256. These monies are repayable on demand and have been advanced on an unsecured interest free basis.
Shakespeare Spit Roast Limited
Detailed Profit and Loss Account for the Year Ended 30 November 2024
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2024 |
2023 |
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Turnover (analysed below) |
40,705 |
82,807 |
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Cost of sales (analysed below) |
(16,822) |
(27,295) |
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Gross profit |
23,883 |
55,512 |
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Gross profit (%) |
58.67% |
67.04% |
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Administrative expenses |
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Employment costs (analysed below) |
(10,296) |
(16,476) |
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Establishment costs (analysed below) |
(1,401) |
(2,889) |
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General administrative expenses (analysed below) |
(5,220) |
(6,407) |
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Finance charges (analysed below) |
(126) |
(126) |
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Depreciation costs (analysed below) |
(445) |
(537) |
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(17,488) |
(26,435) |
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Operating profit |
6,395 |
29,077 |
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Other interest receivable and similar income (analysed below) |
16 |
42 |
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Profit before tax |
6,411 |
29,119 |
Shakespeare Spit Roast Limited
Detailed Profit and Loss Account for the Year Ended 30 November 2024
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2024 |
2023 |
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Turnover |
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Sale of goods, UK |
40,705 |
82,807 |
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Cost of sales |
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Purchases |
(15,622) |
(24,321) |
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Direct costs |
(1,200) |
(962) |
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Hire of plant and machinery (Spot hire) |
- |
(2,012) |
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(16,822) |
(27,295) |
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Employment costs |
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Directors remuneration |
(9,096) |
(9,096) |
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Casual wages |
(900) |
(7,060) |
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Staff welfare |
(300) |
(320) |
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(10,296) |
(16,476) |
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Establishment costs |
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Use of home as office |
(509) |
(590) |
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Equipment repairs and renewals |
(892) |
(2,299) |
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(1,401) |
(2,889) |
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General administrative expenses |
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Telephone and fax |
(841) |
(898) |
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Printing, postage and stationery |
(362) |
(72) |
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Sundry expenses |
(66) |
(61) |
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Motor expenses |
(1,968) |
(3,431) |
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Advertising |
(600) |
(665) |
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Accountancy fees |
(1,144) |
(1,110) |
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Professional indemnity insurance |
(239) |
(170) |
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(5,220) |
(6,407) |
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Finance charges |
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Bank charges |
(126) |
(126) |
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Depreciation costs |
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Depreciation of plant and machinery (owned) |
(349) |
(409) |
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Depreciation of motor vehicles (owned) |
(96) |
(128) |
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(445) |
(537) |
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Other interest receivable and similar income |
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Other interest receivable |
16 |
42 |