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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Director |
Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Hallswelle House |
1 Hallswelle Road |
London |
NW11 0DH |
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Statement of Comprehensive Income |
2019 |
2018 |
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Note |
£ |
£ |
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Rents receivable |
4 |
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Property outgoings |
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Gross profit |
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Administrative expenses |
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Operating profit |
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Other interest receivable and similar income |
7 |
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Interest payable and similar expenses |
8 |
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Profit before taxation |
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Tax on profit |
9 |
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Profit for the financial year |
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Revaluation of tangible assets |
(
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– |
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Total comprehensive income for the year |
(
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Tangible assets |
10 |
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Debtors |
11 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
12 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
13 |
– |
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Net assets |
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Called up share capital |
14 |
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Revaluation reserve |
15 |
(
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– |
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Profit and loss account |
15 |
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Shareholders funds |
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Director |
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Statement of Cash Flows |
2019 |
2018 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Tax on profit |
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Changes in: |
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Trade and other debtors |
(
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(
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Trade and other creditors |
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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
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Tax (paid)/received |
(
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Net cash from operating activities |
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Proceeds from borrowings |
(
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(
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Proceeds from loans from group undertakings |
– |
(
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Net cash used in financing activities |
(
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(
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
685,865 |
772,748 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
2019 |
2018 |
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£ |
£ |
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Rents receivable |
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2019 |
2018 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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– |
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2019 |
2018 |
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No. |
No. |
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Administrative staff |
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Management staff |
2 |
2 |
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2019 |
2018 |
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£ |
£ |
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Wages and salaries |
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2019 |
2018 |
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£ |
£ |
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Interest on cash and cash equivalents |
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2019 |
2018 |
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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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2019 |
2018 |
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£ |
£ |
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UK current tax expense |
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Tax on profit |
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2019 |
2018 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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Profit on ordinary activities by rate of tax |
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Land and buildings |
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£ |
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Cost or valuation |
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At 1 August 2018 |
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Revaluations |
(
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At 31 July 2019 |
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Depreciation |
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At 1 August 2018 and 31 July 2019 |
– |
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Carrying amount |
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At 31 July 2019 |
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At 31 July 2018 |
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2019 |
2018 |
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£ |
£ |
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Loan debtors |
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Other debtors |
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2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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Amounts due to related undertakings |
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2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
– |
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2019 |
2018 |
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No. |
£ |
No. |
£ |
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100 |
100 |
100 |
100 |
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2019 |
2018 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
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