CAERBLADON CIC

Company limited by guarantee

Company Registration Number:
13949414 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 2 March 2022

End date: 31 March 2023

CAERBLADON CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

CAERBLADON CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The principal activity of the company during the period was a retail shop selling artist materials; exhibition and sales of artist work primarily focused on the local artist community; events and activities to enhance the knowledge and enjoyment of the visual arts.



Directors

The director shown below has held office during the period of
23 January 2023 to 31 March 2023

Andrea Cruz


The directors shown below have held office during the whole of the period from
2 March 2022 to 31 March 2023

David Drake
Karen Drake


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 October 2023

And signed on behalf of the board by:
Name: David Drake
Status: Director

CAERBLADON CIC

Profit And Loss Account

for the Period Ended 31 March 2023

13 months to 31 March 2023


£
Turnover: 32,064
Cost of sales: ( 8,593 )
Gross profit(or loss): 23,471
Distribution costs: 0
Administrative expenses: ( 28,318 )
Other operating income: 0
Operating profit(or loss): (4,847)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (4,847)
Tax: 0
Profit(or loss) for the financial year: (4,847)

CAERBLADON CIC

Balance sheet

As at 31 March 2023

Notes 13 months to 31 March 2023


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 1,858
Investments:   0
Total fixed assets: 1,858
Current assets
Stocks: 4 3,350
Debtors:   0
Cash at bank and in hand: 9,165
Investments:   0
Total current assets: 12,515
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 5 ( 619 )
Net current assets (liabilities): 11,896
Total assets less current liabilities: 13,754
Creditors: amounts falling due after more than one year: 6 ( 11,853 )
Provision for liabilities: 0
Accruals and deferred income: ( 6,748 )
Total net assets (liabilities): (4,847)
Members' funds
Profit and loss account: (4,847)
Total members' funds: ( 4,847)

The notes form part of these financial statements

CAERBLADON CIC

Balance sheet statements

For the year ending 31 March 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.

This report was approved by the board of directors on 3 October 2023
and signed on behalf of the board by:

Name: David Drake
Status: Director

The notes form part of these financial statements

CAERBLADON CIC

Notes to the Financial Statements

for the Period Ended 31 March 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 trade discounts including grants received.

    Tangible fixed assets depreciation policy

    Tangible fixed assets 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: Computers and Fixtures & Fittings straight line over 3 years

    Other accounting policies

    Going concern basis. Although the statement of financial position shows liabilities, the company has loans from Directors and the company would have net assets if these loans were excluded. The Directors have confirmed that they will not seek repayment of these loans until the company has adequate reserves to do so. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.Restricted Grants: Restricted grants received are credited to deferred income. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred. Stocks: Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

CAERBLADON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    13 months to 31 March 2023
    Average number of employees during the period 1

CAERBLADON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,787 1,001 2,788
Disposals
Revaluations
Transfers
At 31 March 2023 1,787 1,001 2,788
Depreciation
Charge for year 596 334 930
On disposals
Other adjustments
At 31 March 2023 596 334 930
Net book value
At 31 March 2023 1,191 667 1,858

CAERBLADON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

13 months to 31 March 2023
£
Stocks 3,350
Payments on account 0
Total 3,350

CAERBLADON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

13 months to 31 March 2023
£
Trade creditors 619
Total 619

CAERBLADON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due after more than one year note

13 months to 31 March 2023
£
Other creditors 11,853
Total 11,853

Directors loan

CAERBLADON CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Set up and cashflow loan from founding directors
£
Balance at
Advances or credits made: 13,800
Advances or credits repaid: 1,947
Balance at 31 March 2023 11,853

COMMUNITY INTEREST ANNUAL REPORT

CAERBLADON CIC

Company Number: 13949414 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

The company runs a retail shop called Caerbladon and an art exhibition space in the centre of Malmesbury, with a particular emphasis on selling materials for artists and makers and artworks, prints and cards by local artists.Caerblaon also runs events, activities and works in partnership with other local cultural venues to deliver cultural projects in Malmesbury.The business started to operate in March 2022. During the financial year 2022-2023, the company's activities have benefited the community in the following waysWe have created a new destination store filling a gap in the market in MalmesburyWe have exhibited the works of 78 artists in 10 exhibitions across 5 venues We have developed partnerships with 9 local organisations We created 10 new activities and events

Consultation with stakeholders

The company’s stakeholders are residents of and visitors to Malmesbury. and local artists in Malmesbury and in the surrounding area or North Wiltshire and South Cotswolds. The directors of the company have lived in Malmesbury for a number of years and developed the business model for the shop and gallery based on their experience of talking to residents and through consultation commencing May 2021 prior to starting the business. In December 2022 we formally consulted with stakeholders and sought feedback on our activities to date which enabled us to plan our programme for 2023 calendar year.We hold a visitors’ book in the gallery to receive feedback from audience and customers, and we request artist feedback after all activities. Partnerships have been developed enabling joint activities and projects and sharing resources, including with the library, Abbey and secondary school.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £4,000.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 October 2023

And signed on behalf of the board by:
Name: David Drake
Status: Director