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REGISTERED NUMBER: 08860521 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Diverse Leaders Network Limited

Diverse Leaders Network Limited (Registered number: 08860521)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Diverse Leaders Network Limited (Registered number: 08860521)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
Current assets
Cash at bank 30,754 13,624

Creditors
Amounts falling due within one year 5 24,076 5,149
Net current assets 6,678 8,475
Total assets less current liabilities 6,678 8,475

Creditors
Amounts falling due after more than
one year

6

3,239

4,735
Net assets 3,439 3,740

Reserves
Income and expenditure account 3,439 3,740
Members' funds 3,439 3,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Diverse Leaders Network Limited (Registered number: 08860521)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





Mrs G Ogunyemi - Director


Diverse Leaders Network Limited (Registered number: 08860521)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. Statutory information

Diverse Leaders Network Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08860521

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

3. Employees and directors

The average number of employees during the year was 3 (2023 - 4 ) .

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 February 2023
and 31 January 2024 321
Depreciation
At 1 February 2023
and 31 January 2024 321
Net book value
At 31 January 2024 -
At 31 January 2023 -

Diverse Leaders Network Limited (Registered number: 08860521)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 1,496 1,459
Corporation tax 2,791 284
Social security and other taxes 1,010 -
Other creditors 15,133 18
Directors' current accounts 1,996 1,738
Accrued expenses 1,650 1,650
24,076 5,149

6. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 1,534 1,496
Bank loans - 2-5 years 1,705 3,239
3,239 4,735

7. Ultimate controlling party

The company is controlled by the directors.

8. Limited by guarantee

The company is limited by Guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.