UDAMON CIC

Company Registration Number:
12956282 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

UDAMON CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

UDAMON CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 68,760 12,236
Cost of sales: ( 2,074 ) ( 325 )
Gross profit(or loss): 66,686 11,911
Administrative expenses: ( 49,193 ) ( 12,686 )
Operating profit(or loss): 17,493 (775)
Profit(or loss) before tax: 17,493 (775)
Tax: ( 2,049 )
Profit(or loss) for the financial year: 15,444 (775)

UDAMON CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 7,343 1,229
Total fixed assets: 7,343 1,229
Current assets
Debtors: 4 340
Cash at bank and in hand: 16,331 304
Total current assets: 16,331 644
Creditors: amounts falling due within one year: 5 ( 7,337 ) ( 980 )
Net current assets (liabilities): 8,994 (336)
Total assets less current liabilities: 16,337 893
Total net assets (liabilities): 16,337 893
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 16,336 892
Total Shareholders' funds: 16,337 893

The notes form part of these financial statements

UDAMON CIC

Balance sheet statements

For the year ending 31 October 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 6 February 2024
and signed on behalf of the board by:

Name: Henry Langdon
Status: Director

The notes form part of these financial statements

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their useful economic lives:Plant & Machinery 5 years straight lineFixtures & Fittings 5 years straight lineOffice Equipment 3 years straight line

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 0 329 0 1,189 0 1,518
Additions 3,704 395 3,299 7,398
Disposals
Revaluations
Transfers
At 31 October 2023 0 4,033 395 4,488 0 8,916
Depreciation
At 1 November 2022 89 0 200 289
Charge for year 233 13 1,038 1,284
On disposals
Other adjustments
At 31 October 2023 322 13 1,238 1,573
Net book value
At 31 October 2023 0 3,711 382 3,250 0 7,343
At 31 October 2022 0 240 0 989 0 1,229

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 340
Total   340

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 5,438 385
Accruals and deferred income 836 595
Other creditors 1,063
Total 7,337 980

COMMUNITY INTEREST ANNUAL REPORT

UDAMON CIC

Company Number: 12956282 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Our mission is to inspire and develop early talent to bring their full potential to a fast-changing world of work – regardless of their starting point.We achieve this through bespoke meta-skills focussed learning experiences that boost early talent engagement, impact, and agency. Alongside delivering 1-to-1 coaching and workshops we have also been providing 2 scalable e-learning and hybrid learning programmes. Firstly, the Edge Skills Programme, which is a customisable hybrid learning programme that enables young professionals to own their development across the meta-skills needed to thrive in Industry 5.0: creative problem-solving, self-management, resilience, adaptability, communication, and more. Secondly, the What Path? Programme, which is a customisable hybrid learning programme that empowers young people to take greater ownership of their professional potential and areas for development, increasing their engagement and impact. Finally, this year we have also been designing and delivered a bespoke career readiness programme for a London based university, spearheading the instructional design and end-to-end content creation of the offering. Please find a selection of testimonials on how Udamon’s offering has benefitted the community:"Exactly the kind of guidance, training and support we want to give everyone but are too stretched to do ourselves." – Richard, GOTOCO“The Edge Skills programme has revealed a lot of important characteristics and skills I could work on to better myself to make me an asset to any company.” Franka, 22“Shortly after the programme started I was moved into more of a leadership role, which is totally new to me, and I don’t think I’d have adapted as well as I have without this.” – Jared, 22

Consultation with stakeholders

Our key stakeholders are the young people who benefit from our programmes and the organisations who purchase our services on their behalf. Feedback on what could be improved and developed is requested from all young people and partner organisation who utilise our programmes. Firstly, the feedback received generally asked for our learning experiences to be more interactive and to provide more opportunities for our learners to have more in-person interactions now that the COVID-19 pandemic restrictions and concerns have subsided. This feedback is being actioned wherever possible, with a number of in-person workshops being delivered across several locations this year. We plan to continue to build in more in-person interactions for future cohorts.Additionally, during the financial year to which this report relates too, our stakeholders requested greater input in the instructional design and content creation of our programmes to ensure they are more acutely addressing their particular needs, context, and aspirations. This has resulted in the offering of more bespoke and customisable learning journeys during the latter half of this reporting year, and we hope to continue to build on this new approach to ensure our learning programmes are as relevant and impactful for our stakeholders.

Directors' remuneration

The appointed director received a salary during the year in reflection of his contribution to the company. The total received was £33,001.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 February 2024

And signed on behalf of the board by:
Name: Henry Langdon
Status: Director