for the Period Ended 31 December 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2023
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 January 2023
to
31 December 2023
The director shown below has held office during the period of
22 August 2023
to
31 December 2023
Secretary
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
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(
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Gross profit(or loss): |
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Distribution costs: |
(
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(
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
(
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(
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2023 | 2022 | |
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£ |
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 3 |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: | 4 |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 6 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 7 |
(
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(
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Provision for liabilities: |
(
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(
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Share premium account: |
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Other reserves: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 December 2023
2023 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers |
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At 31 December 2023 |
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Depreciation | ||||||
At 1 January 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 December 2023 |
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Net book value | ||||||
At 31 December 2023 |
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At 31 December 2022 |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Stocks |
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Total |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Bank loans and overdrafts |
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Other creditors |
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Total |
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The Object of the Swan Clewer Community Interest Company is to carry on activities which benefit the community and in particular to purchase the freehold of the Swan, Mill Lane, Clewer and renovate and refurbish it to reopen as a community pub and provide a space for indoor and outdoor community events. The Company has continued to achieve with the provision of a venue providing vocational education for 16+ year old students (the Green Room College, part of the Green Room Foundation) as well as the pub operations providing food and drink options and meeting space for over 20 different interest groups from the community of Clewer and Windsor, including the Windsor Cycle Hub (an independent charity). Highlights of 2023 included: a. Operating Profit of £34,000 in line with expectations b. Additional community financing received of £39,000 c. Sustained levels of trading d. Continued inclusion in the Good Beer Guide for 2024 e. A further repayment of the mortgage to mitigate increased interest rate rises f. Community engagement with special events and varying food offers.
Key stakeholders are: a. The Green Room Foundation and Windsor & Eton Brewing Company Ltd as ‘A’ Shareholders b. 120 Investors who have £262,000 in ‘B’ Shares, including 4 who increased their investment with effect on 1 January 2024 c. 142 Loanees in 2019, of whom 28 made a further Loan to the Company in 2023 d. 27 Loanees in 2023. In addition, all customers are welcome to be a Friend of The Swan with a weekly email communication being sent to over 1,200 subscribers and are represented by a Friends of The Swan committee who hold regular and diverse events to assist fundraising for the continued refurbishment and renovation of the buildings. The Board of Directors, including representation of the ‘A’ Shareholders and a Community Director, meets monthly. 9 ‘B’ Shareholders, holding 35.8% of the ‘B’ Shares met formally in June 2023 and informally in December 2023. A general meeting open to all shareholders was held in October 2023, with 6 Open Forum meetings during 2023 open to all stakeholders.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
10 September 2024
And signed on behalf of the board by:
Name: George William Calvert
Status: Director