CRICKET ARENA CIC

Company limited by guarantee

Company Registration Number:
14549024 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 19 December 2022

End date: 31 December 2023

CRICKET ARENA CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

CRICKET ARENA CIC

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

Sporting activities.



Directors

The directors shown below have held office during the whole of the period from
19 December 2022 to 31 December 2023

Waqar Mohammad Arshad
Hamzah Hussain


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 May 2024

And signed on behalf of the board by:
Name: Waqar Mohammad Arshad
Status: Director

CRICKET ARENA CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023


£
Turnover: 50,971
Gross profit(or loss): 50,971
Administrative expenses: ( 32,838 )
Operating profit(or loss): 18,133
Profit(or loss) before tax: 18,133
Profit(or loss) for the financial year: 18,133

CRICKET ARENA CIC

Balance sheet

As at 31 December 2023

Notes 2023


£
Fixed assets
Tangible assets: 3 9,642
Total fixed assets: 9,642
Current assets
Cash at bank and in hand: 9,446
Total current assets: 9,446
Creditors: amounts falling due within one year: 4 ( 955 )
Net current assets (liabilities): 8,491
Total assets less current liabilities: 18,133
Total net assets (liabilities): 18,133
Members' funds
Profit and loss account: 18,133
Total members' funds: 18,133

The notes form part of these financial statements

CRICKET ARENA CIC

Balance sheet statements

For the year ending 31 December 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 26 May 2024
and signed on behalf of the board by:

Name: Waqar Mohammad Arshad
Status: Director

The notes form part of these financial statements

CRICKET ARENA CIC

Notes to the Financial Statements

for the Period Ended 31 December 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over theirexpected useful lives on the following basis:Plant and Machinery 10 Reducing Balance

CRICKET ARENA CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023
    Average number of employees during the period 3

CRICKET ARENA CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 10,150 10,150
Disposals
Revaluations
Transfers
At 31 December 2023 10,150 10,150
Depreciation
Charge for year 508 508
On disposals
Other adjustments
At 31 December 2023 508 508
Net book value
At 31 December 2023 9,642 9,642

CRICKET ARENA CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023
£
Accruals and deferred income 955
Total 955

COMMUNITY INTEREST ANNUAL REPORT

CRICKET ARENA CIC

Company Number: 14549024 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Cricket Arena CIC's activities have significantly benefited the community by reducing youth violence and crime through structured sports programmes, fostering inclusivity and social cohesion, and promoting personal growth among participants. Initiatives like the Indoor Leagues and Youth Cricket Series have engaged over 300 participants, including vulnerable groups such as asylum seekers, helping them integrate into the community. Additionally, the organisation has promoted health and well-being through regular sports sessions and enhanced cultural understanding and unity via community engagement events, all of which have contributed to a safer, healthier, and more connected community.

Consultation with stakeholders

Cricket Arena CIC has regularly consulted with key stakeholders throughout the financial year. Engaging with community members, youth participants, funding bodies, and local cultural and youth organisations has been essential in shaping our programmes to effectively meet community needs. By incorporating feedback and collaborating with these groups, we have ensured that our activities are inclusive, culturally relevant, and aligned with broader social objectives, thereby enhancing our impact and building stronger trust and engagement within the community.

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 May 2024

And signed on behalf of the board by:
Name: Waqar Mohammad Arshad
Status: Director