EXTEND VENTURES CIC

Company Registration Number:
12660944 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

EXTEND VENTURES CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

EXTEND VENTURES CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

Data processing, hosting and related activities



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Kekeli Anthony
Tom Modupe Adeyoola
Erika Elaine Brodnock
Patricia Keiko Hamzahee


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
4 October 2024

And signed on behalf of the board by:
Name: Kekeli Anthony
Status: Director

EXTEND VENTURES CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,036 0
Total fixed assets: 1,036 0
Current assets
Debtors: 4 15,139
Cash at bank and in hand: 32,228 72,325
Total current assets: 32,228 87,464
Creditors: amounts falling due within one year: 5 ( 4,418 ) ( 54,903 )
Net current assets (liabilities): 27,810 32,561
Total assets less current liabilities: 28,846 32,561
Accruals and deferred income: ( 479 ) ( 4,079 )
Total net assets (liabilities): 28,367 28,482
Capital and reserves
Called up share capital: 4 4
Profit and loss account: 28,363 28,478
Total Shareholders' funds: 28,367 28,482

The notes form part of these financial statements

EXTEND VENTURES CIC

Balance sheet statements

For the year ending 30 June 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 4 October 2024
and signed on behalf of the board by:

Name: Kekeli Anthony
Status: Director

The notes form part of these financial statements

EXTEND VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 June 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Other accounting policies

    Going Concern The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. Website cost Planning and operating costs for the company's website are charged to the profit and loss account as incurred.

EXTEND VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 5

EXTEND VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 0 0
Additions 1,151 1,151
Disposals
Revaluations
Transfers
At 30 June 2024 1,151 1,151
Depreciation
At 1 July 2023 0 0
Charge for year 115 115
On disposals
Other adjustments
At 30 June 2024 115 115
Net book value
At 30 June 2024 1,036 1,036
At 30 June 2023 0 0

EXTEND VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Other debtors 15,139
Total   15,139

EXTEND VENTURES CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 783 5,013
Accruals and deferred income 1,174 49,890
Other creditors 2,461
Total 4,418 54,903

COMMUNITY INTEREST ANNUAL REPORT

EXTEND VENTURES CIC

Company Number: 12660944 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

Extend Ventures is a research organisation committed to providing data on the availability of funding for minority entrepreneurs. Over the last year we have produced reports for the following organisations: - Atomico - Innovate UK These reports have helped the organisations determine the demographics to which they award funding in order to change their evaluation methods.

Consultation with stakeholders

Erika Brodnock (Director) was consulted as a research director. She was responsible for leading the research efforts that produced the reports detailed above.

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
4 October 2024

And signed on behalf of the board by:
Name: Kekeli ANTHONY
Status: Director