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Company limited by guarantee

Company Registration Number:
13255591 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

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Contents of the Financial Statements

for the Period Ended 31 March 2024

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

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Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The company's principal activity during the year was that of education, sports and performing arts facilities.



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Batuala Alexander Beraud
Joujou Oseki Bola


The director shown below has held office during the period of
1 January 2024 to 31 March 2024

Franci Viviana Restrepo Beraud


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
18 September 2024

And signed on behalf of the board by:
Name: Batuala Alexander Beraud
Status: Director

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Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 6,382 49,496
Cost of sales: ( 21,699 ) ( 3,468 )
Gross profit(or loss): (15,317) 46,028
Administrative expenses: ( 110,145 ) ( 40,043 )
Other operating income: 112,767 20,282
Operating profit(or loss): (12,695) 26,267
Profit(or loss) before tax: (12,695) 26,267
Tax: 3,441 ( 4,068 )
Profit(or loss) for the financial year: (9,254) 22,199

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Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 8,946 3,532
Total fixed assets: 8,946 3,532
Current assets
Debtors: 4 189 2,494
Cash at bank and in hand: 36,237 26,431
Total current assets: 36,426 28,925
Creditors: amounts falling due within one year: 5 ( 31,376 ) ( 1,457 )
Net current assets (liabilities): 5,050 27,468
Total assets less current liabilities: 13,996 31,000
Accruals and deferred income: 0 ( 7,750 )
Total net assets (liabilities): 13,996 23,250
Members' funds
Profit and loss account: 13,996 23,250
Total members' funds: 13,996 23,250

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 March 2024 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 18 September 2024
and signed on behalf of the board by:

Name: Batuala Alexander Beraud
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

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Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 7 4

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Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 4,415 4,415
Additions 7,650 7,650
Disposals
Revaluations
Transfers
At 31 March 2024 12,065 12,065
Depreciation
At 1 April 2023 883 883
Charge for year 2,236 2,236
On disposals
Other adjustments
At 31 March 2024 3,119 3,119
Net book value
At 31 March 2024 8,946 8,946
At 31 March 2023 3,532 3,532

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Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 400
Other debtors 189 2,094
Total 189 2,494

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Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 31,109
Other creditors 267 1,457
Total 31,376 1,457

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 13255591 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Provide a free multipurpose creative studio, mentoring opportunities, workshops and free therapy for underserved creatives aged 18-25

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £7,278.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
18 September 2024

And signed on behalf of the board by:
Name: Batuala Alexander Beraud
Status: Director