NEW MARGATE CIC

Company limited by guarantee

Company Registration Number:
08754924 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

NEW MARGATE CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

NEW MARGATE CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Administrative expenses: ( 6,076 ) ( 7,534 )
Operating profit(or loss): (6,076) (7,534)
Interest payable and similar charges: ( 150 ) ( 212 )
Profit(or loss) before tax: (6,226) (7,746)
Profit(or loss) for the financial year: (6,226) (7,746)

NEW MARGATE CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 22,382 27,978
Total fixed assets: 22,382 27,978
Current assets
Cash at bank and in hand: 3 11
Total current assets: 3 11
Creditors: amounts falling due within one year: 4 ( 14,447 ) ( 13,825 )
Net current assets (liabilities): (14,444) (13,814)
Total assets less current liabilities: 7,938 14,164
Total net assets (liabilities): 7,938 14,164
Members' funds
Profit and loss account: 7,938 14,164
Total members' funds: 7,938 14,164

The notes form part of these financial statements

NEW MARGATE CIC

Balance sheet statements

For the year ending 31 October 2023 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 30 October 2024
and signed on behalf of the board by:

Name: Eli A Thompson
Status: Director

The notes form part of these financial statements

NEW MARGATE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

NEW MARGATE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

NEW MARGATE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 46,373 46,373
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 46,373 46,373
Depreciation
At 1 November 2022 18,395 18,395
Charge for year 5,596 5,596
On disposals
Other adjustments
At 31 October 2023 23,991 23,991
Net book value
At 31 October 2023 22,382 22,382
At 31 October 2022 27,978 27,978

NEW MARGATE CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 5,144 7,274
Other creditors 9,303 6,551
Total 14,447 13,825

COMMUNITY INTEREST ANNUAL REPORT

NEW MARGATE CIC

Company Number: 08754924 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The Company was not active in this financial year.

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
30 October 2024

And signed on behalf of the board by:
Name: THOMPSON, Eli Anthony
Status: Director