HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS CIC

Company limited by guarantee

Company Registration Number:
11683104 (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

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS 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

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS 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

Principal activities of the company

The principal activity of the company is is provision of martial arts training.



Directors

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

Mrs Caroline Martin
Mr Rami Taghouti


The director shown below has held office during the period of
1 December 2022 to 21 December 2022

Miss Kelly Sutherland


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
22 August 2024

And signed on behalf of the board by:
Name: Mrs Caroline Martin
Status: Director

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS CIC

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 15,103 6,380
Gross profit(or loss): 15,103 6,380
Administrative expenses: ( 21,838 ) ( 12,694 )
Operating profit(or loss): (6,735) (6,314)
Profit(or loss) before tax: (6,735) (6,314)
Profit(or loss) for the financial year: (6,735) (6,314)

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS CIC

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 0 17,643
Total fixed assets: 0 17,643
Current assets
Debtors: 4 0 200
Cash at bank and in hand: 9,674 534
Total current assets: 9,674 734
Creditors: amounts falling due within one year: 5 ( 24,029 ) ( 25,997 )
Net current assets (liabilities): (14,355) (25,263)
Total assets less current liabilities: (14,355) ( 7,620)
Total net assets (liabilities): (14,355) (7,620)
Members' funds
Profit and loss account: (14,355) ( 7,620)
Total members' funds: ( 14,355) (7,620)

The notes form part of these financial statements

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS 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 22 August 2024
and signed on behalf of the board by:

Name: Mrs Caroline Martin
Status: Director

The notes form part of these financial statements

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

    Other accounting policies

    Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. Other grants Other grants are recognised on the same basis as government grants unless otherwise specified. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS 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 2

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS 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 22,810 22,810
Additions
Disposals ( 22,810 ) ( 22,810 )
Revaluations
Transfers
At 30 November 2023 0 0
Depreciation
At 1 December 2022 5,167 5,167
Charge for year
On disposals ( 5,167 ) ( 5,167 )
Other adjustments
At 30 November 2023 0 0
Net book value
At 30 November 2023 0 0
At 30 November 2022 17,643 17,643

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 0 200
Total 0 200

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 13,987 4,789
Other creditors 10,042 21,208
Total 24,029 25,997

COMMUNITY INTEREST ANNUAL REPORT

HAMMA YOUTH ACADEMY OF SPORT AND MARTIAL ARTS CIC

Company Number: 11683104 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

The aim of the company is to engage with large numbers of young people to improve their health and mental health & wellbeing whilst decreasing Anti-Social behaviour and promoting education services to those most at risk of social exclusion and employment. They achieve this aim through making martial arts and other fitness and relation training available to these groups of people in their local area. They work alongside different service users to cohort the young people and signpost them to the sessions. This year has been especially difficult, the cost of living crisis has affected the community and HAMMA deeply, funding has been harder to get and as such we are looking to close down the CIC.

Consultation with stakeholders

The stakeholders of the company are mostly young people from the St Helens area, and their families. The programs run by HAMMA are mostly focused on helping young people, but through helping these young people there are wider ranging positive effects. The various classes, training, and sessions that HAMMA offer benefit all young people at-tending by improving their mental well-being and physical fitness. This has become harder for HAMMA to provide due to financial hardship and difficulty obtaining further grants.

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
22 August 2024

And signed on behalf of the board by:
Name: Caroline Martin
Status: Director