HURRICANES CHEERLEADING CIC

Company limited by guarantee

Company Registration Number:
13154717 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

HURRICANES CHEERLEADING CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

HURRICANES CHEERLEADING CIC

Directors' report period ended 31 January 2024

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

Directors

The director shown below has held office during the whole of the period from
1 February 2023 to 31 January 2024

Lyndsey Broadhurst


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 October 2024

And signed on behalf of the board by:
Name: Lyndsey Broadhurst
Status: Director

HURRICANES CHEERLEADING CIC

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 35,058 32,628
Cost of sales: ( 16,296 ) ( 11,026 )
Gross profit(or loss): 18,762 21,602
Administrative expenses: ( 16,063 ) ( 21,567 )
Operating profit(or loss): 2,699 35
Interest payable and similar charges: ( 285 ) ( 285 )
Profit(or loss) before tax: 2,414 (250)
Profit(or loss) for the financial year: 2,414 (250)

HURRICANES CHEERLEADING CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,308 2,885
Total fixed assets: 2,308 2,885
Current assets
Cash at bank and in hand: 589 690
Total current assets: 589 690
Creditors: amounts falling due within one year: 4 ( 2,947 ) ( 2,484 )
Net current assets (liabilities): (2,358) (1,794)
Total assets less current liabilities: (50) 1,091
Creditors: amounts falling due after more than one year: 5 ( 876 ) ( 4,431 )
Total net assets (liabilities): (926) (3,340)
Members' funds
Profit and loss account: (926) ( 3,340)
Total members' funds: ( 926) (3,340)

The notes form part of these financial statements

HURRICANES CHEERLEADING CIC

Balance sheet statements

For the year ending 31 January 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 October 2024
and signed on behalf of the board by:

Name: Lyndsey Broadhurst
Status: Director

The notes form part of these financial statements

HURRICANES CHEERLEADING CIC

Notes to the Financial Statements

for the Period Ended 31 January 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 is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures & Fittings: 20% Reducing Balance

HURRICANES CHEERLEADING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

HURRICANES CHEERLEADING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 4,508 4,508
Additions
Disposals
Revaluations
Transfers
At 31 January 2024 4,508 4,508
Depreciation
At 1 February 2023 1,623 1,623
Charge for year 577 577
On disposals
Other adjustments
At 31 January 2024 2,200 2,200
Net book value
At 31 January 2024 2,308 2,308
At 31 January 2023 2,885 2,885

HURRICANES CHEERLEADING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,777 2,484
Other creditors 1,170
Total 2,947 2,484

HURRICANES CHEERLEADING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

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

2024 2023
£ £
Bank loans and overdrafts 876 4,431
Total 876 4,431

COMMUNITY INTEREST ANNUAL REPORT

HURRICANES CHEERLEADING CIC

Company Number: 13154717 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Provide and run Cheerleading classes for all from the age of 3 years up to adults. Building key skills within the members of our team to build their strength and confidence in the sport of cheerleading and attend competitions to showcase their skills within the competition environment and in the presence of their peers. Raise awareness within the community of cheerleading and our club and the ways in which we operate to benefit not only our own members families but also other local charities by holding fundraising events and being part of community events such as carnivals and charity fund days on behalf of other community charities within our local area.

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
29 October 2024

And signed on behalf of the board by:
Name: Lyndsey Broadhurst
Status: Director