WERENT BORN RICH C.I.C.

Company Registration Number:
11735090 (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

WERENT BORN RICH C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

WERENT BORN RICH C.I.C.

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 0 736
Total fixed assets: 0 736
Current assets
Debtors: 4 86 86
Cash at bank and in hand: 4 177
Total current assets: 90 263
Creditors: amounts falling due within one year: 5 ( 9,313 ) ( 6,577 )
Net current assets (liabilities): (9,223) (6,314)
Total assets less current liabilities: (9,223) ( 5,578)
Creditors: amounts falling due after more than one year: 6 ( 16,838 ) ( 18,999 )
Accruals and deferred income: ( 902 ) ( 504 )
Total net assets (liabilities): (26,963) (25,081)
Capital and reserves
Called up share capital: 4 4
Profit and loss account: (26,967 ) (25,085 )
Total Shareholders' funds: ( 26,963 ) (25,081)

The notes form part of these financial statements

WERENT BORN RICH C.I.C.

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.

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 1 March 2024
and signed on behalf of the board by:

Name: Nabila Nakigozi
Status: Director

The notes form part of these financial statements

WERENT BORN RICH C.I.C.

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

    Turnover policy

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

WERENT BORN RICH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 2 3

WERENT BORN RICH C.I.C.

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 0 440 0 710 0 1,150
Additions 0 0 0 0 0 0
Disposals 0 ( 440 ) 0 ( 710 ) 0 ( 1,150 )
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2022 0 0 0 0 0 0
Depreciation
At 1 January 2022 0 158 0 256 0 414
Charge for year 0 0 0 0 0 0
On disposals 0 ( 158 ) 0 ( 256 ) 0 ( 414 )
Other adjustments 0 0 0 0 0 0
At 31 December 2022 0 0 0 0 0 0
Net book value
At 31 December 2022 0 0 0 0 0 0
At 31 December 2021 0 282 0 454 0 736

WERENT BORN RICH C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Other debtors 86 86
Total 86 86

WERENT BORN RICH C.I.C.

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 16 0
Accruals and deferred income 0 1,006
Other creditors 9,297 5,571
Total 9,313 6,577

WERENT BORN RICH C.I.C.

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 16,838 18,999
Total 16,838 18,999

COMMUNITY INTEREST ANNUAL REPORT

WERENT BORN RICH C.I.C.

Company Number: 11735090 (England and Wales)

Year Ending: 31 December 2022

Company activities and impact

The organisation has not been active for this year due to health issues faced by the director and the co-founder.

Consultation with stakeholders

All meetings were zoom meetings due to health concerns. Due to not having any employees, the decision was made for the organisation to pause in order for the director and the co-founder to focus on their health.Nabila NakigoziFauzan Ssebaggala

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
1 March 2024

And signed on behalf of the board by:
Name: Nabila Nakigozi
Status: Director