UK LATIN COMMUNITY CIC

Company limited by guarantee

Company Registration Number:
12992683 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

UK LATIN COMMUNITY CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

UK LATIN COMMUNITY CIC

Directors' report period ended 30 November 2023

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

Additional information

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected toprepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom AccountingStandards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that theygive a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparingthese accounts, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company'stransactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensurethat the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company andhence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

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

INOCENTE, Zahari Wendoline
DE STEFANIS, Monica
LOPEZ SUQUILLO, Dario Roberto


Secretary LOPEZ SUQUILLO, Dario Roberto

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
25 June 2024

And signed on behalf of the board by:
Name: INOCENTE, Zahari Wendoline
Status: Director

UK LATIN COMMUNITY CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 21,662 2,048
Cost of sales: ( 157,770 ) ( 49,226 )
Gross profit(or loss): (136,108) (47,178)
Administrative expenses: ( 22,323 ) ( 20,643 )
Other operating income: 159,962 66,834
Operating profit(or loss): 1,531 (987)
Profit(or loss) before tax: 1,531 (987)
Tax: ( 507 ) ( 231 )
Profit(or loss) for the financial year: 1,024 (1,218)

UK LATIN COMMUNITY CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 761 1,141
Total fixed assets: 761 1,141
Current assets
Cash at bank and in hand: 36,045 10,576
Total current assets: 36,045 10,576
Net current assets (liabilities): 36,045 10,576
Total assets less current liabilities: 36,806 11,717
Creditors: amounts falling due after more than one year: 4 ( 37,000 ) ( 12,935 )
Total net assets (liabilities): (194) (1,218)
Members' funds
Profit and loss account: (194) ( 1,218)
Total members' funds: ( 194) (1,218)

The notes form part of these financial statements

UK LATIN COMMUNITY CIC

Balance sheet statements

For the year ending 30 November 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 25 June 2024
and signed on behalf of the board by:

Name: INOCENTE, Zahari Wendoline
Status: Director

The notes form part of these financial statements

UK LATIN COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 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 estimated useful lives:Plant & machinery 20% Straight line

    Other accounting policies

    The principal accounting policies adopted in the preparation of the financial statements are set out below and have remainedunchanged from the previous year, and also have been consistently applied within the same accounts.

UK LATIN COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 1

UK LATIN COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 0 1,901 1,901
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 0 1,901 1,901
Depreciation
At 1 December 2022 760 760
Charge for year 380 380
On disposals
Other adjustments
At 30 November 2023 1,140 1,140
Net book value
At 30 November 2023 0 761 761
At 30 November 2022 0 1,141 1,141

UK LATIN COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 37,000 12,935
Total 37,000 12,935

COMMUNITY INTEREST ANNUAL REPORT

UK LATIN COMMUNITY CIC

Company Number: 12992683 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

The company provides the summer clubs activities for kids in London. The purpose of these summer clubs is engaging children in educational and vocational activities for entertainment and developing their personal skills. The type of activities are recreational, educational like sports, arts, physical activities, team games, workshops, theme days and many more for various age groups. All the activities are strictly supervised and performed in a safe and friendly environment.The summer clubs have a significant impact on both children and parents in terms of:Children development in terms of physical, mental, social skillsLearning OpportunitiesSocial Interactions which helps in strong bonding and community development.For parents its a one of the best option to engage their children during summer break and give them a peace of mind that their children are in good hands knowing that properly supervised and engaged in healthy activities.Participating in these events is a memorable experience and leave a positive impact on children's mind due a diversity of activities and learning experience which they can not get in a conventional school.

Consultation with stakeholders

The main stakeholders are Parents/visitors and members of the club. The stakeholders are residents of London. The directors are living in this community for a numbers of years and know the community requirements very well. They developed this business model with consultation of different stakeholders to improve the children mental and physical health which would have a long lasting impact.Also, we've a questionnaire and feedback forms ready for parents for any complaints/ suggestions to improve the facilities or any other issues. Their feedback is essential for better services.

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
25 June 2024

And signed on behalf of the board by:
Name: INOCENTE, Zahari Wendoline
Status: Director