MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
11735789 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

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

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

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

Directors

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

Mack Chris Mackenzie
Yollande Nabangaba Safi


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
17 September 2024

And signed on behalf of the board by:
Name: Mack Chris Mackenzie
Status: Director

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Administrative expenses: ( 303 ) ( 1,353 )
Operating profit(or loss): (303) (1,353)
Profit(or loss) before tax: (303) (1,353)
Profit(or loss) for the financial year: (303) (1,353)

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 562 750
Total fixed assets: 562 750
Current assets
Debtors: 4 10,453 10,453
Cash at bank and in hand: 2 2
Total current assets: 10,455 10,455
Creditors: amounts falling due within one year: 5 ( 5,487 ) ( 5,372 )
Net current assets (liabilities): 4,968 5,083
Total assets less current liabilities: 5,530 5,833
Creditors: amounts falling due after more than one year: 6 ( 45,000 ) ( 45,000 )
Total net assets (liabilities): (39,470) (39,167)
Members' funds
Profit and loss account: (39,470) ( 39,167)
Total members' funds: ( 39,470) (39,167)

The notes form part of these financial statements

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

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 17 September 2024
and signed on behalf of the board by:

Name: Mack Chris Mackenzie
Status: Director

The notes form part of these financial statements

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

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

    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 their expected useful lives on the following basis:

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

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 £ £ £ £ £ £
At 1 January 2023 1,585 1,585
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 1,585 1,585
Depreciation
At 1 January 2023 835 835
Charge for year 188 188
On disposals
Other adjustments
At 31 December 2023 1,023 1,023
Net book value
At 31 December 2023 562 562
At 31 December 2022 750 750

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 10,453 10,453
Total 10,453 10,453

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 5,000 5,000
Trade creditors 322 322
Accruals and deferred income 165 50
Total 5,487 5,372

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023 2022
£ £
Bank loans and overdrafts 45,000 45,000
Total 45,000 45,000

COMMUNITY INTEREST ANNUAL REPORT

MCGLOBAL COMMUNITIES LINK LTD COMMUNITY INTEREST COMPANY

Company Number: 11735789 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

There have been no activities in the financial year

Consultation with stakeholders

No consultation with stakeholders

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
17 September 2024

And signed on behalf of the board by:
Name: Mack Chris Mackenzie
Status: Director