EXTEND VENTURES CIC

Company Registration Number:
12660944 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 1 July 2022

End date: 30 June 2023

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Contents of the Financial Statements

for the Period Ended 30 June 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Directors' report period ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal activities of the company

Data processing, hosting and related activities



Directors

The directors shown below have held office during the whole of the period from
1 July 2022 to 30 June 2023

Kekeli Anthony
Patricia Keiko Hamzahee
Erika Elaine Brodnock
Tom Modupe Adeyoola


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
23 October 2023

And signed on behalf of the board by:
Name: Kekeli Anthony
Status: Director

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Balance sheet

As at 30 June 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 15,139 2,340
Cash at bank and in hand: 72,325 61,890
Total current assets: 87,464 64,230
Creditors: amounts falling due within one year: 4 ( 54,903 ) ( 35,269 )
Net current assets (liabilities): 32,561 28,961
Total assets less current liabilities: 32,561 28,961
Accruals and deferred income: ( 4,079 ) ( 479 )
Total net assets (liabilities): 28,482 28,482
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 28,478 28,478
Total Shareholders' funds: 28,482 28,482

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 June 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: Kekeli Anthony
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 June 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.

    Other accounting policies

    Going ConcernThe financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

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Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

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Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Debtors

2023 2022
£ £
Other debtors 15,139 2,340
Total 15,139 2,340

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Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 5,013 2,804
Accruals and deferred income 49,890 32,465
Total 54,903 35,269

COMMUNITY INTEREST ANNUAL REPORT

EXTEND VENTURES CIC

Company Number: 12660944 (England and Wales)

Year Ending: 30 June 2023

Company activities and impact

Extend Ventures is a research organisation commited to providing data on teh availability of funding for minority entrepreneurs.Over the last year we have produced reports for the following organisations:- Atomico- Innovate UKThese reports have helped the organisations determine the demographics to which they award funding in order to change their evaluation methods.

Consultation with stakeholders

Erika Brodnock (Director) was consulted as a research director. She was responsible for leading the research efforts that produced the reports detailed above.

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: Kekeli Anthony
Status: Director