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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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Statement of comprehensive income
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2
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Statement of financial position
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3
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Reconciliation of members' interests
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5
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Notes to the financial statements
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7
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Members' Report
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Registered office:
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Statement of Comprehensive Income
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2021
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2020
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Note
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£
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£
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Other operating expenses
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----
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----
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Operating loss
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(
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(
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Income from interest in group undertaking
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(
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--------
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---------
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(Loss)/profit for the financial year before members' remuneration and profit shares available for discretionary division among members
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(73,678)
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123,383
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--------
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---------
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Statement of Financial Position
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2021
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2020
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Note
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£
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£
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Investments
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4
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Creditors: amounts falling due within one year
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5
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-------
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-------
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Net current liabilities
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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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Net assets
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---------
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Other amounts
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7
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–
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337,647
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Members' capital classified as equity
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726,816
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1,118,994
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Other reserves
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–
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500,847
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---------
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726,816
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1,957,488
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---------
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Loans and other debts due to members
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7
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–
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337,647
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Members' other interests
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726,816
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1,619,841
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---------
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726,816
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1,957,488
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Statement of Financial Position (continued)
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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 2021
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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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Balance at 1st January 2021
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1,118,994
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500,847
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1,619,841
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337,647
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337,647
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1,957,488
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Loss for the financial year available for discretionary division among members
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(73,678)
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(73,678)
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(73,678)
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------------
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Members' interests after loss for the year
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1,118,994
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427,169
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1,546,163
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337,647
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337,647
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1,883,810
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Other division of profits
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73,678
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73,678
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(73,678)
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(73,678)
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–
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Introduced by members
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81,000
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81,000
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–
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–
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81,000
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Repayments of capital
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(473,178)
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(473,178)
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–
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(473,178)
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Drawings
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(764,816)
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(764,816)
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(764,816)
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Reclassifications
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–
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(500,847)
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(500,847)
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500,847
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500,847
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–
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Balance at 31st December 2021
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726,816
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–
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726,816
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–
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–
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726,816
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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 2020
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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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Balance at 1st January 2020
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1,098,994
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350,847
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1,449,841
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389,264
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389,264
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1,839,105
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Profit for the financial year available for discretionary division among members
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123,383
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123,383
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123,383
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Members' interests after profit for the year
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1,098,994
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474,230
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1,573,224
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389,264
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389,264
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1,962,488
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Other division of profits
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26,617
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26,617
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(26,617)
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(26,617)
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–
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Introduced by members
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20,000
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20,000
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–
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–
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20,000
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Repayments of capital
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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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(25,000)
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(25,000)
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(25,000)
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Reclassifications
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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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Balance at 31st December 2020
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1,118,994
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500,847
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1,619,841
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337,647
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337,647
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1,957,488
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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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4.
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Investments
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Interest in LLP
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£
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Cost
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At 1st January 2021
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Additions
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Disposals
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(
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------------
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At 31st December 2021
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Impairment
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At 1st January 2021 and 31st December 2021
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–
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Carrying amount
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At 31st December 2021
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------------
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At 31st December 2020
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Interest in LLP
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£
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At 31st December 2021
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Aggregate cost
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727,941
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Aggregate depreciation
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–
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---------
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Carrying value
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727,941
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At 31st December 2020
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Aggregate cost
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1,617,767
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Aggregate depreciation
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–
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------------
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Carrying value
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1,617,767
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2021
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2020
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£
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£
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Trade creditors
|
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Other creditors
|
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-------
|
-------
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-------
|
-------
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6.
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Financial instruments
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7.
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Loans and other debts due to members
|
2021
|
2020
|
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£
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£
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Amounts owed to members in respect of profits
|
–
|
337,647
|
----
|
---------
|
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8.
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Controlling party
|