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Directors' Report |
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Director |
Registered office: |
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Statement of Income and Retained Earnings |
2023 |
2022 |
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Note |
£ |
£ |
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Rents receivable |
4 |
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Property outgoings |
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--------- |
--------- |
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Gross profit |
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Administrative expenses |
|
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--------- |
--------- |
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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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--------- |
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Profit before taxation |
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Tax on profit |
9 |
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--------- |
--------- |
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Profit for the financial year and total comprehensive income |
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--------- |
--------- |
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Statement of Financial Position |
2023 |
2022 |
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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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------------ |
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Creditors: amounts falling due within one year |
12 |
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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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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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Statement of Financial Position (continued) |
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Director |
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Statement of Cash Flows |
2023 |
2022 |
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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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– |
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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(
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--------- |
--------- |
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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 |
(
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(
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--------- |
--------- |
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Net cash from/(used in) operating activities |
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(
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--------- |
--------- |
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Proceeds from borrowings |
(
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(
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--------- |
--------- |
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Net cash used in financing activities |
(
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(
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--------- |
--------- |
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Net increase/(decrease) in cash and cash equivalents |
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(
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Cash and cash equivalents at beginning of year |
874,035 |
1,054,401 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
2023 |
2022 |
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£ |
£ |
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Rents receivable |
355,556 |
385,185 |
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2023 |
2022 |
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No. |
No. |
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Administrative staff |
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Management staff |
2 |
1 |
---- |
---- |
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---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Wages and salaries |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Remuneration |
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– |
------- |
---- |
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2023 |
2022 |
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£ |
£ |
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Interest on bank deposits |
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– |
---- |
---- |
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2023 |
2022 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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Interest on overdue tax |
1,493 |
134 |
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-------- |
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2023 |
2022 |
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£ |
£ |
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UK current tax expense |
|
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-------- |
-------- |
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Tax on profit |
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-------- |
-------- |
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2023 |
2022 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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--------- |
--------- |
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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 |
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At 1 August 2022 and 31 July 2023 |
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Depreciation |
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At 1 August 2022 and 31 July 2023 |
– |
------------ |
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Carrying amount |
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At 31 July 2023 |
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At 31 July 2022 |
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2023 |
2022 |
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£ |
£ |
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Loan debtors |
166,295 |
166,295 |
Other debtors |
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2023 |
2022 |
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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 |
3,151,548 |
3,114,146 |
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
100 |
100 |
100 |
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---- |
---- |
---- |
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2023 |
2022 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
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---- |
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At 1 Aug 2022 |
Cash flows |
At 31 Jul 2023 |
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£ |
£ |
£ |
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Cash at bank and in hand |
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8,179 |
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Debt due within one year |
(169,565) |
(805) |
(170,370) |
Debt due after one year |
(1,666,946) |
145,382 |
(1,521,564) |
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(
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(
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