MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
11735789 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2022

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

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The company's principal activity during the year continued to be cultural education.



Directors

The director shown below has held office during the whole of the period from
1 January 2022 to 31 December 2022

Mack Mackenzie


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
26 October 2023

And signed on behalf of the board by:
Name: Mack Mackenzie
Status: Director

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 0 0
Cost of sales: 0 ( 37,814 )
Gross profit(or loss): 0 (37,814)
Distribution costs: 0 0
Administrative expenses: ( 1,353 ) 0
Other operating income: 0 0
Operating profit(or loss): (1,353) (37,814)
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 4 ) 0
Profit(or loss) before tax: (1,357) (37,814)
Tax: 0 0
Profit(or loss) for the financial year: (1,357) (37,814)

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 750 938
Investments:   0 0
Total fixed assets: 750 938
Current assets
Stocks:   0 0
Debtors: 4 11,296 11,296
Cash at bank and in hand: 0 2
Investments:   0 0
Total current assets: 11,296 11,298
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 6,217 ) ( 5,050 )
Net current assets (liabilities): 5,079 6,248
Total assets less current liabilities: 5,829 7,186
Creditors: amounts falling due after more than one year: 6 ( 45,000 ) ( 45,000 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (39,171) (37,814)
Members' funds
Profit and loss account: (39,171) ( 37,814)
Total members' funds: ( 39,171) (37,814)

The notes form part of these financial statements

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 2022 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 26 October 2023
and signed on behalf of the board by:

Name: Mack Mackenzie
Status: Director

The notes form part of these financial statements

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulativeimpairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,at rates calculated to write off the cost, less estimated residual value, of each asset evenly over itsexpected useful life, as follows:Plant and machinery over 5 years

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 0 0

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 938 938
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 December 2022 938 938
Depreciation
At 1 January 2022 0 0
Charge for year 188 188
On disposals 0 0
Other adjustments 0 0
At 31 December 2022 188 188
Net book value
At 31 December 2022 750 750
At 31 December 2021 938 938

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 11,296 11,296
Total 11,296 11,296
Debtors due after more than one year: 0 0

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 5,050 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 324 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 843 5,050
Total 6,217 5,050

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

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

2022 2021
£ £
Bank loans and overdrafts 45,000 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 45,000
Total 45,000 45,000

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Loans to directors

Name of director receiving advance or credit: Mack Mackenzie
Description of the transaction:
Loan for privately funded expenses.
£
Balance at 31 December 2021
Advances or credits made: 844
Advances or credits repaid:
Balance at 31 December 2022 844

COMMUNITY INTEREST ANNUAL REPORT

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Company Number: 11735789 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

The community had benefited to the services and non statutory support throughout the financial year using donations and community fund. We have supported the community through foods bank, clothing donations and information related to mental health amongst young people.

Consultation with stakeholders

The trustees, volunteers and community support staff from MCGLOBAL COMMUNITIES LINK devoted their time and energy on voluntary basis to support the members of community, young people and vulnerable individuals by means of goodwill and gesture. All services provided by Mc global communities Link is free of charge.

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
26 October 2023

And signed on behalf of the board by:
Name: Mack Mackenzie
Status: Director