Statement of Consent to Prepare Abridged Financial Statements
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Abridged Financial Statements
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Contents
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Page
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Members' report
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1
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Abridged statement of financial position
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2
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Reconciliation of members' interests
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4
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Notes to the abridged financial statements
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6
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Members' Report
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Designated Member
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Abridged 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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Debtors
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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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------------
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------------
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Net current liabilities
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(
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(
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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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---------
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Other amounts
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5
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4,424
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4,424
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Members' capital classified as equity
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175,264
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175,264
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Other reserves
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–
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–
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---------
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---------
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179,688
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179,688
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---------
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---------
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Amounts due from members
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(1,301,087)
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(1,361,992)
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Loans and other debts due to members
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5
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4,424
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4,424
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Members' other interests
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175,264
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175,264
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------------
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------------
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(1,121,399)
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(1,182,304)
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Abridged 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 2017
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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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4,424
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4,424
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Amounts due from members
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(1,204,360)
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(1,204,360)
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Balance at 1 May 2016
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175,264
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–
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175,264
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(1,199,936)
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(1,199,936)
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(1,024,672)
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Profit for the financial year available for discretionary division among members
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198,333
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198,333
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198,333
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---------
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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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175,264
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198,333
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373,597
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(1,199,936)
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(1,199,936)
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(826,339)
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Other division of profits
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(198,333)
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(198,333)
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198,333
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198,333
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–
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Drawings
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(135,671)
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(135,671)
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(135,671)
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Previous years drawings
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–
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–
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–
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(159,389)
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(159,389)
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(159,389)
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Amounts due to members
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4,424
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4,424
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Amounts due from members
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(1,301,087)
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(1,301,087)
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---------
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---------
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---------
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Balance at 30 April 2017
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175,264
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–
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175,264
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(1,296,663)
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(1,296,663)
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(1,121,399)
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---------
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---------
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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 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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4,424
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4,424
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Amounts due from members
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(871,249)
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(871,249)
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---------
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Balance at 1 May 2015
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175,264
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–
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175,264
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(866,825)
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(866,825)
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(691,561)
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Profit for the financial year available for discretionary division among members
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3,849
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3,849
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3,849
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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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175,264
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3,849
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179,113
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(866,825)
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(866,825)
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(687,712)
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Other division of profits
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(3,849)
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(3,849)
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3,849
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3,849
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–
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Drawings
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(155,479)
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(155,479)
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(155,479)
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Previous years drawings
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–
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–
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–
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(339,113)
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(339,113)
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(339,113)
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---------
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Amounts due to members
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4,424
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4,424
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Amounts due from members
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(1,361,992)
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(1,361,992)
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---------
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-------
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Balance at 30 April 2016
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175,264
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–
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175,264
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(1,357,568)
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(1,357,568)
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(1,182,304)
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---------
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-------
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Notes to the Abridged 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 Abridged Financial Statements (continued)
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Equipment
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-
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4.
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Tangible assets
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£
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Cost
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At 1 May 2016 and 30 April 2017
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-------
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Depreciation
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At 1 May 2016 and 30 April 2017
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-------
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Carrying amount
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At 30 April 2017
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–
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-------
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5.
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Loans and other debts due to members
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2017
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2016
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£
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£
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Other amounts
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4,424
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4,424
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-------
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-------
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