LAW INCUBATOR CIC

Company limited by guarantee

Company Registration Number:
13861762 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 20 January 2022

End date: 31 March 2023

LAW INCUBATOR CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Profit and loss
Balance sheet
Additional notes
Community Interest Report

LAW INCUBATOR CIC

Profit And Loss Account

for the Period Ended 31 March 2023

14 months to 31 March 2023


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

LAW INCUBATOR CIC

Balance sheet

As at 31 March 2023

Notes 14 months to 31 March 2023


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 0
Investments:   0
Total current assets: 0
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 0
Total assets less current liabilities: 0
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

LAW INCUBATOR 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 15 November 2023
and signed on behalf of the board by:

Name: Jane Dennehy
Status: Director

The notes form part of these financial statements

LAW INCUBATOR 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

LAW INCUBATOR CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    14 months to 31 March 2023
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

LAW INCUBATOR CIC

Company Number: 13861762 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

The Law Incubator during its first year has been consulting with the legal sector and legal educators to assess the challenges and issues being faced by young people as they transition from education to practice.We have been building networks and communities of practice to examine the most effective opportunities for the Law Incubator to undertake.We have worked with IFATE and are chairing and leading on the development of a barrister apprenticeship. This has included working with legal regulators on an occupational standard which has been submitted in October 2023 and educators on how an apprenticeship would be delivered. This work has been voluntary.It has taken longer than anticipated to shift the Law Incubator from being a CIC to a CIC that is trading. This is expected to change as of January 2024 when paid work will begin.

Consultation with stakeholders

The stakeholders include barristers chambers, Crown Prosecution Service, Bar Standards Board, Legal Services Board, legal educators, individual barristers and Bar Council.The barrister apprenticeship has been the central focus of the consultation and has enabled wider conversations about issues on a regional and national basis particularly with the criminal bar where there is a shortage of barristers.The collective of stakeholders is growing and the Law Incubator has been instrumental in leading the discussions and bringing stakeholders together.

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
15 November 2023

And signed on behalf of the board by:
Name: Jane Dennehy
Status: Director