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|**CONTENTS**|**PAGES**|
|---|---|
|**ACCOUNTANTS' REPORT**||
|Trading Account|2|
|BALANCE SHEET|3|
|NOTES TO THE ACCOUNTS|4|






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||**2023**|||**2022**||
|---|---|---|---|---|---|
||**£**|**£**|**£**||£|
|Investment Income||**8,148**|||5,552|
|Investment Income 2 (Gain)||**29,014**||||
|Other monies recovered from residents||**1,200**||||
|||**38,362**|||_5.552_|
|Loss on investments|||||20.977|
|GROSS PROFIT/LOSS||`38,362`|||`(15.425)`|
|Wkly Management Chgs (Rent Payments)|**122,913**||98.429|||
|Electric Contributions from Tenants|**7,398**||5.786|||
|||**`130,311`**|||`104,215`|
|||**`168,673`**|||`88,790`|
|OVERHEADS||||||
|Trustees Management Payments|**12,322**||`11.400`|||
|Property Repairs and maintenance|**56,612**||`41.412`|||
|Rates - Ground and Water|6,577||`4.562`|||
|Property Management Charge|**11,701**||`10.005`|||
|British Gas and Total Energies|**25,032**||`17.837`|||
|Insurance|**2,161**||`2.236`|||
|Stationery and printing|**66**|||||
|Tel - CCTV Monitoring|**`292`**||260|||
|Licences|**`53`**||38|||
|Replacable white goods|**`725`**||668|||
|Accountancy|**`400`**||400|||
|Professional fees - Nelsons|**`9,402`**||9.844|||
|Bank charges|**`14`**|||||
|Sundries|**`333`**||`(2)`|||
|||**`125,690`**|||`98,660`|
|**NET PROFIT/LOSS**||**42,983**|||(9,870)|







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||2023||||2022||
|---|---|---|---|---|---|---|
||£|£|£|||£|
|Fixed Assets||2,834,000||||2,834,000|
|||||9|||
|Current Assets|||||||
|Bank current account|`46,757`||71,932||||
|M&G Investments 3388|`378,315`||338,519||||
|M&G Invesnnenis 3387 - 3389|`20,487`||20,143||||
|Brewin Dolphin Investments|`217,050`||188,177||||
||662,609||618,771||||
|Current Liabilities|||||||
|Trade creditors|855||||||
|Revalaarion account Cullen Court|2,561,000||2,561,000||||
||2,561,855||2,561,000||||
|Net Current Liabilities||(1,899,246)||||(1,942,229)|
|Net Assets||934,754||||891,771|
|Financed by :|||||||
|Capital account|||||||
|Brought forward||`891,771`||||901,641|
|Profit for the year||`42,983`|||||
|||934,754||||`901,641`|
|Loss for the year||||||`9,870`|
|||934,754||||891,771|







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|**FIXED ASSETS**|||
|---|---|---|
||2023|2022|
|**ASSETS AT COST**|£|£|
|Cost|||
|17 Rockwood Crescent|**85,000**|85.000|
|12 Derwent Drive|**188,000**|188.000|
|As at 31 December 2023|273,000|273,(K)0|



||Freehold|
|---|---|
||Property|
||£|
|Brought Forward|2,561,000|
|and 31 December 2023||
|**SUMMARY**||



|**SUMMARY**|||
|---|---|---|
||2023|2022|
||£|£|
|NET BOOK AMOUNTS|||
|Assets at cost|273,000|273.000|
|Cullen Court Properties|2,561,000|2.561.000|
||**2,834,000**||
|||2,834,()(X)|