YOUTH PRODUCTION NETWORK CIC

Company limited by guarantee

Company Registration Number:
10012134 (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

YOUTH PRODUCTION NETWORK CIC

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

YOUTH PRODUCTION NETWORK CIC

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

Principal activities of the company

The company's principal activity during the year continued to be other education not elsewhere classified.



Directors

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

R Haughey


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
29 November 2024

And signed on behalf of the board by:
Name: R Haughey
Status: Director

YOUTH PRODUCTION NETWORK CIC

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 10,590 12,731
Cost of sales: ( 4,623 ) ( 3,564 )
Gross profit(or loss): 5,967 9,167
Administrative expenses: 5,380 ( 28,410 )
Operating profit(or loss): 11,347 (19,243)
Interest receivable and similar income: 3
Interest payable and similar charges: ( 2 )
Profit(or loss) before tax: 11,348 (19,243)
Tax: 231
Profit(or loss) for the financial year: 11,348 (19,012)

YOUTH PRODUCTION NETWORK CIC

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 86
Cash at bank and in hand: 440
Total current assets: 440 86
Creditors: amounts falling due within one year: 4 ( 6,592 ) ( 17,586 )
Net current assets (liabilities): (6,152) (17,500)
Total assets less current liabilities: (6,152) ( 17,500)
Total net assets (liabilities): (6,152) (17,500)
Members' funds
Profit and loss account: (6,152) ( 17,500)
Total members' funds: ( 6,152) (17,500)

The notes form part of these financial statements

YOUTH PRODUCTION NETWORK CIC

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 29 November 2024
and signed on behalf of the board by:

Name: R Haughey
Status: Director

The notes form part of these financial statements

YOUTH PRODUCTION NETWORK CIC

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows Freehold buildings - over 50 years Leasehold land and buildings - over the lease term Plant and machinery - over 5 years Fixtures, fittings, tools and equipment - over 5 years

    Other accounting policies

    Accounts also include policies for Debtors, Creditors, Taxation, Provisions and Leased Assets

YOUTH PRODUCTION NETWORK CIC

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

YOUTH PRODUCTION NETWORK CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Debtors

2024 2023
£ £
Trade debtors 86
Total   86

YOUTH PRODUCTION NETWORK CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 447 11,510
Taxation and social security 251
Other creditors 6,145 5,825
Total 6,592 17,586

COMMUNITY INTEREST ANNUAL REPORT

YOUTH PRODUCTION NETWORK CIC

Company Number: 10012134 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The Youth Production Network CIC provides onsite work experience training for young people in live event production. YPN also provides a worldwide network for young people to connect and learn about other youth communities with similar interests and practices. YPN welcomes all young people, and especially supports those without the resources or experiences, that would normally not be open to these opportunities. These opportunities give young people experience and help to further their skills and develop their career.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

All expenses and transactions for the YPN CIC Director are laid out within the accounts. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 November 2024

And signed on behalf of the board by:
Name: R Haughey
Status: Director