LITERATURE MUST FALL CIC

Company limited by guarantee

Company Registration Number:
12485512 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

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Contents of the Financial Statements

for the Period Ended 29 February 2024

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

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Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 29 February 2024

Kavita Bhanot


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 November 2024

And signed on behalf of the board by:
Name: Kavita Bhanot
Status: Director

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Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 26,211 3,631
Cost of sales: ( 20,608 ) ( 2,738 )
Gross profit(or loss): 5,603 893
Administrative expenses: ( 6,056 ) ( 893 )
Operating profit(or loss): (453) 0
Profit(or loss) before tax: (453) 0
Profit(or loss) for the financial year: (453) 0

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Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 22 7,443
Total current assets: 22 7,443
Creditors: amounts falling due within one year: 3 ( 690 ) ( 1,830 )
Net current assets (liabilities): (668) 5,613
Total assets less current liabilities: (668) 5,613
Creditors: amounts falling due after more than one year: 4 ( 601 ) ( 6,429 )
Total net assets (liabilities): (1,269) (816)
Members' funds
Profit and loss account: (1,269) ( 816)
Total members' funds: ( 1,269) (816)

The notes form part of these financial statements

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Balance sheet statements

For the year ending 29 February 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 19 November 2024
and signed on behalf of the board by:

Name: Kavita Bhanot
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 29 February 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, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.

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Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

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Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 450 480
Other creditors 240 1,350
Total 690 1,830

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Notes to the Financial Statements

for the Period Ended 29 February 2024

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

2024 2023
£ £
Other creditors 601 6,429
Total 601 6,429

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 12485512 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

In this accounting period, we continued to develop our website as well as social media – esp twitter and instagram. I have developed Jaag as an offshoot of Literature Must Fall CIC. We held a Panjabi & Pahari-Pothwari Language and Literature festival in May 2023 in Birmingham for which we received funding from the National Centre of Writing and the Arts Council. The festival, which was inter-generational and brought different communities togther, was in a college and library in Handsworth. 300 - 400 people attended, from Handsworth, across Birmingham and the UK. During this period, we also organised a monthly reading group in Handsworth and two discussion events and a screening.

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
15 November 2024

And signed on behalf of the board by:
Name: Kavita Bhanot
Status: Director