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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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Report to the board of directors on the preparation of the unaudited statutory financial statements
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3
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Statement of comprehensive income
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4
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Statement of financial position
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5
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Statement of changes in equity
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7
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Notes to the financial statements
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8
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Detailed income statement
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13
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Notes to the detailed income statement
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14
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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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Accountants
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Accountants
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781-783 Harrow Rod
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Sudbury Town
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Wembley
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Middlesex
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HA0 2LP
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Bankers
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32 Oxford Street
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London
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W1R 2BS
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Directors' Report
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Director
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Director
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Director
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Company Secretary
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Registered office:
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Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Statement of Comprehensive Income
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2017
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2016
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Note
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£
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£
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Turnover
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----
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--------
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Gross profit
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Administrative expenses
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Other operating income
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4
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–
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--------
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--------
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Operating loss
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5
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Other interest receivable and similar income
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7
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–
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Interest payable and similar expenses
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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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–
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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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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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-------
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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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Statement of Financial Position
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2017
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2016
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Note
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£
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£
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£
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Tangible assets
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9
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–
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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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10
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---------
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--------
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Net current assets/(liabilities)
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(
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---------
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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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11
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–
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---------
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Net assets
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Called up share capital
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Revaluation reserve
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–
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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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Statement of Financial Position (continued)
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Director
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Director
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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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Revaluation reserve
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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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£
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At 1 April 2015
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Profit 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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At 31 March 2016
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Profit for the year
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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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(
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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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Dividends paid and payable
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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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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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---------
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At 31 March 2017
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–
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----
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----
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Notes to the Financial Statements
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2017
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2016
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£
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£
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Other operating income
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–
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--------
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----
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2017
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2016
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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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2017
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2016
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£
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£
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Interest on cash and cash equivalents
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–
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----
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----
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2017
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2016
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£
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£
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Interest on banks loans and overdrafts
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-------
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-------
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Land and buildings
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£
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Cost
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At 1 April 2016
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Disposals
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(
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---------
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At 31 March 2017
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–
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Depreciation
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At 1 April 2016
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Disposals
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(
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---------
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At 31 March 2017
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–
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Carrying amount
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At 31 March 2017
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–
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---------
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At 31 March 2016
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---------
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2017
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2016
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£
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£
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Trade creditors
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–
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Corporation tax
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Other creditors
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-------
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--------
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-------
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--------
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2017
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2016
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£
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£
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Other creditors
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–
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----
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1 April 2015
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31 March 2016
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As previously stated
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Effect of transition
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FRS 102 (as restated)
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As previously stated
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Effect of transition
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FRS 102 (as restated)
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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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Fixed assets
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–
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–
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Current assets
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–
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(
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9,664
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Creditors: amounts falling due within one year
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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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---------
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Net current assets/(liabilities)
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(
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–
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(
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(168,462)
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(22,524)
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---------
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----
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Total assets less current liabilities
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–
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475,235
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621,173
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Creditors: amounts falling due after more than one year
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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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---------
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Net assets
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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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---------
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----
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---------
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---------
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---------
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Capital and reserves
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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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Management Information
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Detailed Income Statement
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2017
|
2016
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£
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£
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Turnover
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----
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--------
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Gross profit
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Administrative expenses
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15,115
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22,523
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Other operating income
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22,815
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–
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--------
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--------
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Operating loss
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Other interest receivable and similar income
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–
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7
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Interest payable and similar expenses
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(2,728)
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(9,505)
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-------
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-------
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Profit before taxation
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-------
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-------
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Notes to the Detailed Income Statement
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2017
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2016
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£
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£
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Directors fees
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12,000
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12,000
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Rates and water
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–
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241
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Insurance
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–
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455
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Repairs and maintenance (allowable)
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213
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583
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Management & letting fees
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–
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2,322
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Travel and subsistence
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–
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235
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Computer Expenses
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250
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250
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Printing postage and stationery
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29
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–
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Legal and professional fees (allowable)
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1,440
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1,760
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Book-keeping
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350
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1,440
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Accountancy fees
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700
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960
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Wear & Tear 10% on furnished lettings
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–
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2,069
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Bank charges
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133
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208
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--------
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--------
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15,115
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22,523
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--------
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--------
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Other operating income
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22,815
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–
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--------
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----
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Interest on cash and cash equivalents
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–
|
7
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----
|
----
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Interest on bank loans and overdrafts
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2,728
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9,505
|
-------
|
-------
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