|
|
|
|
Financial Statements
|
Contents
|
Page
|
Members' report
|
1
|
Statement of comprehensive income
|
2
|
Statement of financial position
|
3
|
Reconciliation of members' interests
|
5
|
Notes to the financial statements
|
7
|
|
Members' Report
|
|
|
|
|
Registered office:
|
|
|
|
|
|
Statement of Comprehensive Income
|
2021
|
2020
|
|
Note
|
£
|
£
|
Turnover
|
|
|
Loss on disposal/Fair value adjustment investment property
|
|
(
|
|
Other operating expenses
|
|
|
|
--------
|
---------
|
||
Operating (loss)/profit
|
4
|
(
|
|
Other interest receivable and similar income
|
|
|
Interest payable and similar expenses
|
|
|
--------
|
---------
|
|
(Loss)/profit for the financial year before members' remuneration and profit shares available for discretionary division among members
|
(72,761)
|
124,299
|
--------
|
---------
|
|
|
Statement of Financial Position
|
2021
|
2020
|
|
Note
|
£
|
£
|
Tangible assets
|
5
|
–
|
|
Debtors
|
6
|
|
|
Cash at bank and in hand
|
|
|
|
-------------
|
-------------
|
||
|
|
||
Creditors: amounts falling due within one year
|
7
|
|
|
-------------
|
-------------
|
||
Net current assets
|
|
|
|
-------------
|
-------------
|
||
Total assets less current liabilities
|
|
|
|
Creditors: amounts falling due after more than one year
|
8
|
|
|
-------------
|
-------------
|
||
Net assets
|
|
|
|
-------------
|
-------------
|
||
Other amounts
|
10
|
–
|
339,909
|
Members' capital classified as equity
|
727,941
|
1,118,703
|
Other reserves
|
–
|
500,000
|
---------
|
------------
|
|
727,941
|
1,958,612
|
|
---------
|
------------
|
|
Loans and other debts due to members
|
10
|
–
|
339,909
|
Members' other interests
|
727,941
|
1,618,703
|
|
---------
|
------------
|
||
727,941
|
1,958,612
|
||
---------
|
------------
|
||
|
Statement of Financial Position (continued)
|
|
Reconciliation of Members' Interests
|
Members' other interests
|
Loans and other debts due to members less any amounts due from members in debtors
|
Total members' interests
|
||||
Members' capital (classified as equity)
|
Other reserves
|
Total
|
Other amounts
|
Total
|
Total 2021
|
|
£
|
£
|
£
|
£
|
£
|
£
|
|
Balance at 1st January 2021
|
1,118,703
|
500,000
|
1,618,703
|
339,909
|
339,909
|
1,958,612
|
Loss for the financial year available for discretionary division among members
|
(72,761)
|
(72,761)
|
(72,761)
|
|||
------------
|
---------
|
------------
|
---------
|
---------
|
------------
|
|
Members' interests after loss for the year
|
1,118,703
|
427,239
|
1,545,942
|
339,909
|
339,909
|
1,885,851
|
Other division of profits
|
72,761
|
72,761
|
(72,761)
|
(72,761)
|
–
|
|
Introduced by members
|
81,000
|
81,000
|
–
|
–
|
81,000
|
|
Repayments of capital
|
(471,762)
|
(471,762)
|
–
|
(471,762)
|
||
Drawings
|
(767,148)
|
(767,148)
|
(767,148)
|
|||
Reclassifications
|
–
|
(500,000)
|
(500,000)
|
500,000
|
500,000
|
–
|
------------
|
---------
|
------------
|
---------
|
---------
|
------------
|
|
Balance at 31st December 2021
|
727,941
|
–
|
727,941
|
–
|
–
|
727,941
|
------------
|
---------
|
------------
|
---------
|
---------
|
------------
|
|
|
Reconciliation of Members' Interests (continued)
|
Members' other interests
|
Loans and other debts due to members less any amounts due from members in debtors
|
Total members' interests
|
||||
Members' capital (classified as equity)
|
Other reserves
|
Total
|
Other amounts
|
Total
|
Total 2020
|
|
£
|
£
|
£
|
£
|
£
|
£
|
|
Balance at 1st January 2020
|
1,098,703
|
350,000
|
1,448,703
|
391,826
|
391,826
|
1,840,529
|
Profit for the financial year available for discretionary division among members
|
124,299
|
124,299
|
124,299
|
|||
------------
|
---------
|
------------
|
---------
|
---------
|
------------
|
|
Members' interests after profit for the year
|
1,098,703
|
474,299
|
1,573,002
|
391,826
|
391,826
|
1,964,828
|
Other division of profits
|
25,701
|
25,701
|
(25,701)
|
(25,701)
|
–
|
|
Introduced by members
|
20,000
|
20,000
|
–
|
–
|
20,000
|
|
Repayments of capital
|
–
|
–
|
–
|
–
|
||
Drawings
|
(26,216)
|
(26,216)
|
(26,216)
|
|||
Reclassifications
|
–
|
–
|
–
|
–
|
–
|
–
|
------------
|
---------
|
------------
|
---------
|
---------
|
------------
|
|
Balance at 31st December 2020
|
1,118,703
|
500,000
|
1,618,703
|
339,909
|
339,909
|
1,958,612
|
------------
|
---------
|
------------
|
---------
|
---------
|
------------
|
|
|
Notes to the Financial Statements
|
1.
|
General information
|
2.
|
Statement of compliance
|
3.
|
Accounting policies
|
|
Notes to the Financial Statements (continued)
|
4.
|
Operating profit
|
2021
|
2020
|
|
£
|
£
|
|
Fair value adjustments to investment property
|
–
|
(
|
----
|
---------
|
|
5.
|
Tangible assets
|
Freehold property
|
|
£
|
|
Cost
|
|
At 1st January 2021
|
|
Disposals
|
(
|
------------
|
|
At 31st December 2021
|
–
|
------------
|
|
Depreciation
|
|
At 1st January 2021 and 31st December 2021
|
–
|
------------
|
|
Carrying amount
|
|
At 31st December 2021
|
–
|
------------
|
|
At 31st December 2020
|
|
------------
|
|
Freehold property
|
|
£
|
|
At 31st December 2021
|
|
Aggregate cost
|
–
|
Aggregate depreciation
|
–
|
----
|
|
Carrying value
|
–
|
----
|
|
At 31st December 2020
|
|
Aggregate cost
|
3,499,154
|
Aggregate depreciation
|
–
|
------------
|
|
Carrying value
|
|
------------
|
|
6.
|
Debtors
|
2021
|
2020
|
|
£
|
£
|
|
Trade debtors
|
|
–
|
Other debtors
|
|
|
-------------
|
-------------
|
|
|
|
|
-------------
|
-------------
|
|
2021
|
2020
|
|
£
|
£
|
|
Other debtors
|
|
|
-------------
|
-------------
|
|
2021
|
2020
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
Trade creditors
|
|
|
Social security and other taxes
|
–
|
|
Other creditors
|
|
|
---------
|
------------
|
|
|
|
|
---------
|
------------
|
|
2021
|
2020
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
|
-------------
|
-------------
|
|
9.
|
Financial instruments
|
10.
|
Loans and other debts due to members
|
2021
|
2020
|
|
£
|
£
|
|
Amounts owed to members in respect of profits
|
–
|
339,909
|
----
|
---------
|
|
11.
|
Controlling party
|