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Financial Statements
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Contents
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Pages
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Designated members and professional advisers
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1
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Report to the members on the preparation of the unaudited statutory financial statements
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2
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Statement of financial position
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3 to 4
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Reconciliation of members' interests
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5 to 6
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Notes to the financial statements
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7 to 11
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Designated Members and Professional Advisers
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Designated members
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Registered office
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England
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Accountants
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Chartered accountant
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Warwick & Coventry
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Report to the Members on the Preparation of the Unaudited Statutory Financial Statements of
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Statement of Financial Position
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2016
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2015
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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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5
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Debtors
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6
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Cash at bank and in hand
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--------
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--------
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Prepayments and accrued income
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Creditors: amounts falling due within one year
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7
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--------
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Net current assets
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Total assets less current liabilities
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Accruals and deferred income
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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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Other amounts
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8
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128,413
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204,047
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Members' capital classified as equity
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65,000
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65,000
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Other reserves
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–
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–
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--------
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193,413
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269,047
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--------
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--------
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Amounts due from members
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–
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(51,214)
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Loans and other debts due to members
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8
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128,413
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204,047
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Members' other interests
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65,000
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65,000
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--------
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--------
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193,413
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217,833
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--------
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--------
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Statement of Financial Position (continued)
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Designated Member
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Reconciliation of Members' Interests
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Members' other interests
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Loans and other debts due to members less any amounts due from members in debtors
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Total members' interests
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Members' capital (classified as equity)
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Other reserves
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Total
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Other amounts
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Total
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Total 2016
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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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Amounts due to members
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204,047
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204,047
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Amounts due from members
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(51,214)
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(51,214)
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Balance at 1 January 2016
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65,000
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–
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65,000
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152,833
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152,833
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217,833
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Profit for the financial year available for discretionary division among members
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152,076
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152,076
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152,076
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-------
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--------
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--------
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--------
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Members' interests after profit for the year
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65,000
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152,076
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217,076
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152,833
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152,833
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369,909
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Other division of profits
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(152,076)
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(152,076)
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152,076
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152,076
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–
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Introduced by members
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–
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–
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205,474
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205,474
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205,474
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Drawings
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(381,970)
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(381,970)
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(381,970)
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Amounts due to members
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128,413
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128,413
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Amounts due from members
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–
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–
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-------
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Balance at 31 December 2016
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65,000
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–
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65,000
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128,413
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128,413
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193,413
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-------
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Reconciliation of Members' Interests (continued)
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Members' other interests
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Loans and other debts due to members less any amounts due from members in debtors
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Total members' interests
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Members' capital (classified as equity)
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Other reserves
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Total
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Other amounts
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Total
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Total 2015
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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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Amounts due to members
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206,651
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206,651
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Amounts due from members
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(21,212)
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(21,212)
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Balance at 1 January 2015
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65,000
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–
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65,000
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185,439
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185,439
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250,439
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Profit for the financial year available for discretionary division among members
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108,971
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108,971
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108,971
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-------
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Members' interests after profit for the year
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65,000
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108,971
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173,971
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185,439
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185,439
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359,410
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Other division of profits
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(108,971)
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(108,971)
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108,971
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108,971
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–
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Introduced by members
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–
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–
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–
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–
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–
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Drawings
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(141,577)
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(141,577)
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(141,577)
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Amounts due to members
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204,047
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204,047
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Amounts due from members
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(51,214)
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(51,214)
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Balance at 31 December 2015
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65,000
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–
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65,000
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152,833
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152,833
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217,833
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-------
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Notes to the Financial Statements
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1.
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General information
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2.
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Statement of compliance
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3.
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Accounting policies
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Notes to the Financial Statements (continued)
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Freehold Property
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-
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Fixtures & Fittings
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-
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Motor Vehicles
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-
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Equipment
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-
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4.
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Employee numbers
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5.
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Tangible assets
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Land and buildings
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Fixtures and fittings
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Motor vehicles
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Equipment
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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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£
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Cost
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At 1 January 2016
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Additions
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–
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–
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–
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------
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At 31 December 2016
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------
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-------
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Depreciation
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At 1 January 2016
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Charge for the 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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At 31 December 2016
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------
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-------
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Carrying amount
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At 31 December 2016
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–
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------
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-------
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-------
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At 31 December 2015
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–
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------
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-------
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-------
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--------
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6.
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Debtors
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2016
|
2015
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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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2016
|
2015
|
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£
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£
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Bank loans and overdrafts
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–
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Trade creditors
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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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--------
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8.
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Loans and other debts due to members
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2016
|
2015
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£
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£
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Amounts owed to members in respect of profits
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128,413
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204,047
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--------
|
--------
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9.
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Related party transactions
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10.
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Transition to FRS 102
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