YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
SC674217 (Scotland)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,278 1,598
Total fixed assets: 1,278 1,598
Current assets
Debtors: 4 7,018 1,214
Cash at bank and in hand: 665 381
Total current assets: 7,683 1,595
Creditors: amounts falling due within one year: 5 ( 3,415 ) ( 1,517 )
Net current assets (liabilities): 4,268 78
Total assets less current liabilities: 5,546 1,676
Total net assets (liabilities): 5,546 1,676
Members' funds
Profit and loss account: 5,546 1,676
Total members' funds: 5,546 1,676

The notes form part of these financial statements

YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 September 2023 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 October 2023
and signed on behalf of the board by:

Name: Zara Christine Grant
Status: Director

The notes form part of these financial statements

YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 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

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts

    Tangible fixed assets depreciation policy

    Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation and any provision for impairment Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets less their estimated residual value, over their expected useful lives on the following basis Computer Equipment 20% Reducing Balance

YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 1,997 1,997
Additions
Disposals
Revaluations
Transfers
At 30 September 2023 1,997 1,997
Depreciation
At 1 October 2022 399 399
Charge for year 320 320
On disposals
Other adjustments
At 30 September 2023 719 719
Net book value
At 30 September 2023 1,278 1,278
At 30 September 2022 1,598 1,598

YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Debtors

2023 2022
£ £
Trade debtors 7,018 1,214
Total 7,018 1,214

YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 1,797 912
Taxation and social security 983 18
Accruals and deferred income 527 479
Other creditors 108 108
Total 3,415 1,517

COMMUNITY INTEREST ANNUAL REPORT

YOUR LOVE RARA COMMUNITY INTEREST COMPANY

Company Number: SC674217 (Scotland)

Year Ending: 30 September 2023

Company activities and impact

Your Love Rara Community interest has supported 32 young people throughout the year within our volunteer program aged 12-25 years offering training, social skills and supporting teens mental health and wellbeing by creating workshops and events to support personal development and growth. In total we have completed 8 free sensory sessions under 5 years old, with over 120 young families using the service to support our social program the families range from low income, social anxiety, single parents these sessions help support young families to reconnect. We have achieved 85 social events working with local schools and charities able to offer 60% discount to them to support social inclusion.

Consultation with stakeholders

Consultation with stakeholders/volunteers after review and new premises main focus is to create a community cafe to generate more income to hold future events and workshops including a youth club .

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
23 October 2023

And signed on behalf of the board by:
Name: Zara Christine Grant
Status: Director