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Financial Statements
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Contents
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Page
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Officers and professional advisers
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1
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Directors' report
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2
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Independent auditor's report to the members
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4
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Income statement
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8
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Statement of financial position
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9
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Statement of changes in equity
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10
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Statement of cash flows
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11
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Notes to the financial statements
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12
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Officers and Professional Advisers
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The board of directors
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Registered office
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England
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Auditor
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Chartered accountants & statutory auditor
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Second Floor, Riverside Offices
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26 St George's Quay
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Lancaster
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LA1 1RD
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Bankers
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1 Merchant's Drive
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Parkhouse
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Carlisle
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Cumbria
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CA3 0JW
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Directors' Report
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Director
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Registered office:
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England
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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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Second Floor, Riverside Offices
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26 St George's Quay
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Lancaster
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LA1 1RD
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Income Statement
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2022
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2021
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Note
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£
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£
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Turnover
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4
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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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---------
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Operating profit
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5
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Income from other fixed asset investments
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8
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---------
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---------
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Profit before taxation
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Tax on profit
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9
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---------
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--------
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Profit for the financial year
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---------
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--------
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Statement of Financial Position
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2022
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2021
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Note
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£
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£
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Investments
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12
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Debtors
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13
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Cash at bank and in hand
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---------
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---------
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Creditors: amounts falling due within one year
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14
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---------
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---------
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Net current assets
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---------
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---------
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Total assets less current liabilities
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Provisions
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15
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---------
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---------
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Net assets
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---------
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---------
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Called up share capital
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16
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Profit and loss account
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---------
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Shareholders funds
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---------
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---------
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Director
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Statement of Changes in Equity
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Called up share capital
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Profit and loss account
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Total
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£
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£
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£
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At 1 November 2020
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Profit for the year
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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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Dividends paid and payable
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10
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–
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(
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(
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--------
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Total investments by and distributions to owners
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–
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(
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(
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At 31 October 2021
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Profit for the year
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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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Dividends paid and payable
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10
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–
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(
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(
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----
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Total investments by and distributions to owners
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–
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(
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(
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--------
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---------
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---------
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At 31 October 2022
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--------
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Statement of Cash Flows
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2022
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2021
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£
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£
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Profit for the financial year
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Adjustments for:
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Depreciation of tangible assets
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–
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Income from other fixed asset investments
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(
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(
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Tax on profit
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Changes in:
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Trade and other debtors
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(
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(
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Trade and other creditors
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Provisions and employee benefits
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(
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---------
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--------
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Cash generated from operations
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Tax paid
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(
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(
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--------
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--------
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Net cash from operating activities
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--------
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--------
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Proceeds from sale of other investments
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–
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Dividends received
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–
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---------
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--------
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Net cash from investing activities
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---------
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--------
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Dividends paid
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(
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(
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---------
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--------
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Net cash used in financing activities
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(
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(
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---------
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Net increase in cash and cash equivalents
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Cash and cash equivalents at beginning of year
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310,226
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257,876
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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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Fixtures and fittings
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-
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2022
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2021
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£
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£
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Rendering of services
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------------
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2022
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2021
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£
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£
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Depreciation of tangible assets
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–
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----
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----
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2022
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2021
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£
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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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-------
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2022
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2021
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No.
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No.
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Number of other staff - directors
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----
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----
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2022
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2021
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£
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£
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Dividends from other fixed asset investments
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–
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62,917
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Gain/(loss) on disposal of other fixed asset investments
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249,685
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–
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---------
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--------
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--------
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2022
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2021
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£
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£
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UK current tax expense
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-------
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-------
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Tax on profit
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-------
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-------
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2022
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2021
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£
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£
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Profit on ordinary activities before taxation
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---------
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Profit on ordinary activities by rate of tax
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Effect of expenses not deductible for tax purposes
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–
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Effect of capital allowances and depreciation
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(
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(
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Effect of revenue exempt from tax
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(
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(
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---------
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Tax on profit
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2022
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2021
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£
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£
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
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---------
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Fixtures and fittings
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£
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Cost
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At 1 November 2021 and 31 October 2022
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-------
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Depreciation
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At 1 November 2021 and 31 October 2022
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-------
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Carrying amount
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At 31 October 2022
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–
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-------
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At 31 October 2021
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–
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-------
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Other investments other than loans
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£
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Cost
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At 1 November 2021
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Disposals
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(
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----
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At 31 October 2022
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----
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Impairment
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At 1 November 2021 and 31 October 2022
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–
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----
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Carrying amount
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At 31 October 2022
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----
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At 31 October 2021
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----
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2022
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2021
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£
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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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--------
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--------
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2022
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2021
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£
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£
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Accruals and deferred income
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Corporation tax
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Social security and other taxes
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Other creditors
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---------
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---------
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---------
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Other provisions
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£
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At 1 November 2021
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Additions
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-------
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At 31 October 2022
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-------
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2022
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2021
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No.
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£
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No.
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£
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22,000
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22,000
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22
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22
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100
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100
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100
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100
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--------
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--------
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--------
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--------
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--------
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--------
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--------
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--------
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At 1 Nov 2021
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Cash flows
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At 31 Oct 2022
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£
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£
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£
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Cash at bank and in hand
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11,519
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---------
|
--------
|
---------
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Notes to the Financial Statements (continued)
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