Logic 35

A large bottle contains a collection of coins. When you examine the contents you are amazed to discover that there are an equal number of each type of denomination: 1p, 2p, 5p, 10p, 20p, 50p, £1, and £2. Even more remarkable is that if you remove one coin there will be an exact amount in pounds.

What is the smallest amount, in pounds, that could be in the bottle?