LAND OF FIRE GOLD GRAINS CIC

Company Registration Number:
12309676 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2021

Period of accounts

Start date: 1 December 2020

End date: 30 November 2021

LAND OF FIRE GOLD GRAINS CIC

Contents of the Financial Statements

for the Period Ended 30 November 2021

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LAND OF FIRE GOLD GRAINS CIC

Profit And Loss Account

for the Period Ended 30 November 2021

2021 13 months to 30 November 2020


£

£
Turnover: 3,330 2,950
Cost of sales: ( 580 ) ( 928 )
Gross profit(or loss): 2,750 2,022
Distribution costs: ( 870 ) ( 734 )
Administrative expenses: ( 1,075 ) ( 904 )
Other operating income: 0 0
Operating profit(or loss): 805 384
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 805 384
Tax: 0 0
Profit(or loss) for the financial year: 805 384

LAND OF FIRE GOLD GRAINS CIC

Balance sheet

As at 30 November 2021

Notes 2021 13 months to 30 November 2020


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 410 410
Tangible assets: 4 1,700 1,800
Investments: 5 970 970
Total fixed assets: 3,080 3,180
Current assets
Stocks: 6 150 540
Debtors:   0 0
Cash at bank and in hand: 100 200
Investments: 7 600 3,000
Total current assets: 850 3,740
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 8 0 ( 250 )
Net current assets (liabilities): 850 3,490
Total assets less current liabilities: 3,930 6,670
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,930 6,670
Capital and reserves
Called up share capital: 2,850 4,900
Share premium account: 0 0
Other reserves: 930 1,540
Profit and loss account: 150 230
Total Shareholders' funds: 3,930 6,670

The notes form part of these financial statements

LAND OF FIRE GOLD GRAINS CIC

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 August 2022
and signed on behalf of the board by:

Name: MARBELY VANESSA BAEZ HERNANDEZ
Status: Director

The notes form part of these financial statements

LAND OF FIRE GOLD GRAINS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LAND OF FIRE GOLD GRAINS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 2. Employees

    2021 13 months to 30 November 2020
    Average number of employees during the period 1 1

LAND OF FIRE GOLD GRAINS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 December 2020 410 0 410
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 230 230
At 30 November 2021 410 230 640
Amortisation
At 1 December 2020 0 0 0
Charge for year 230 0 230
On disposals 0 0 0
Other adjustments 0 0
At 30 November 2021 230 0 230
Net book value
At 30 November 2021 180 230 410
At 30 November 2020 410 0 410

LAND OF FIRE GOLD GRAINS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2020 800 0 0 0 1,000 1,800
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0
At 30 November 2021 800 0 0 0 1,000 1,800
Depreciation
At 1 December 2020 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 100 0 0 0 0 100
At 30 November 2021 100 0 0 0 0 100
Net book value
At 30 November 2021 700 0 0 0 1,000 1,700
At 30 November 2020 800 0 0 0 1,000 1,800

LAND OF FIRE GOLD GRAINS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Fixed assets investments note

970

LAND OF FIRE GOLD GRAINS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Stocks

2021 13 months to 30 November 2020
£ £
Stocks 150 540
Total 150 540

LAND OF FIRE GOLD GRAINS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2021

7. Current assets investments note

150

LAND OF FIRE GOLD GRAINS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2021

8. Creditors: amounts falling due within one year note

2021 13 months to 30 November 2020
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 250
Total 0 250

COMMUNITY INTEREST ANNUAL REPORT

LAND OF FIRE GOLD GRAINS CIC

Company Number: 12309676 (England and Wales)

Year Ending: 30 November 2021

Company activities and impact

LFGG has been involved in this financial year with the local Community in Brighton, especially in the Social Sector working with families and children by investing in the Children Club financial budget and Church. At the same time investing financially in Social Media to improve the publicity and funds of charities in Nicaragua, Senegal, and Peru.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 August 2022

And signed on behalf of the board by:
Name: MARBELY VANESSA BAEZ HERNANDEZ
Status: Director