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Financial Statements
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Contents
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Pages
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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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Chartered Accountants 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 Income and Retained Earnings
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4
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Statement of Financial Position
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5
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Notes to the Financial Statements
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6 to 8
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Detailed Income Statement
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10
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Notes to the Detailed Income Statement
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11
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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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Accountants
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Chartered Accountants
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Martlet House
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E1, Yeoman Gate
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Yeoman Way
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Worthing
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West Sussex
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BN13 3QZ
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Directors' Report
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Director
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Statement of Income and Retained Earnings
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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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Administrative expenses
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Other operating income
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Operating Profit
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Interest payable and similar expenses
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4
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Profit Before Taxation
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Tax on profit
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5
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Profit for the Financial Year and Total Comprehensive Income
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Retained Earnings at the Start of the Year
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Retained Earnings at the End of the Year
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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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£
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Tangible assets
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6
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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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7
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(
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(
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Net Current 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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8
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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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Profit and loss account
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9
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Members Funds
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Director
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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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Interest on banks loans and overdrafts
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Other interest payable and similar charges
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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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UK current tax expense
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-------
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Tax on profit
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Land and buildings
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£
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Cost
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At 1 Apr 2016 and 31 Mar 2017
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Depreciation
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At 1 Apr 2016 and 31 Mar 2017
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–
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Carrying amount
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At 31st March 2017
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2017
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2016
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£
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£
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Bank loans and overdrafts
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Corporation tax
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Other creditors
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2017
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2016
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£
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£
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Bank loans and overdrafts
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Management Information
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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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Administrative expenses
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1,162
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1,363
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Other Operating Income
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68,950
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40,250
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Operating Profit
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Interest payable and similar expenses
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(16,740)
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(19,392)
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Profit Before Taxation
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51,048
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19,495
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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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Insurance
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149
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–
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Sundry expenses
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13
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13
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Accountancy fees
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1,000
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1,350
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1,162
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1,363
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Rent receivable
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68,950
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40,250
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Interest on bank loans and overdrafts
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16,739
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19,392
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Other interest payable and similar charges
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1
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–
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16,740
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19,392
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