SHARKS BASKETBALL TRUST C.I.C.

Company limited by guarantee

Company Registration Number:
08304459 (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

SHARKS BASKETBALL TRUST C.I.C.

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

SHARKS BASKETBALL TRUST C.I.C.

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 directors shown below have held office during the whole of the period from
1 March 2023 to 29 February 2024

Sarah Backovic
Sharks Basketball Limited


The director shown below has held office during the period of
17 April 2023 to 29 February 2024

Thomas Oliver Dobson


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

David Robert Codman


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
30 November 2024

And signed on behalf of the board by:
Name: Sarah Backovic
Status: Director

SHARKS BASKETBALL TRUST C.I.C.

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 114,038 53,159
Cost of sales: ( 2,226 ) ( 1,400 )
Gross profit(or loss): 111,812 51,759
Administrative expenses: ( 114,179 ) ( 65,806 )
Operating profit(or loss): (2,367) (14,047)
Profit(or loss) before tax: (2,367) (14,047)
Profit(or loss) for the financial year: (2,367) (14,047)

SHARKS BASKETBALL TRUST C.I.C.

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 891 5
Total current assets: 891 5
Creditors: amounts falling due within one year: 3 ( 12,567 ) ( 9,314 )
Net current assets (liabilities): (11,676) (9,309)
Total assets less current liabilities: (11,676) ( 9,309)
Total net assets (liabilities): (11,676) (9,309)
Members' funds
Profit and loss account: (11,676) ( 9,309)
Total members' funds: ( 11,676) (9,309)

The notes form part of these financial statements

SHARKS BASKETBALL TRUST C.I.C.

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

Name: Sarah Backovic
Status: Director

The notes form part of these financial statements

SHARKS BASKETBALL TRUST C.I.C.

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

SHARKS BASKETBALL TRUST C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 10 5

SHARKS BASKETBALL TRUST C.I.C.

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 615
Taxation and social security 598 1,098
Accruals and deferred income 625 625
Other creditors 11,344 6,976
Total 12,567 9,314

COMMUNITY INTEREST ANNUAL REPORT

SHARKS BASKETBALL TRUST C.I.C.

Company Number: 08304459 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The Sharks CIC developed a series of engagement opportunities targeting pupils and schools that wished to maintain their links with basketball and the Sharks. Much of our activities were linked to the Government’s education recovery scheme.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £6,000 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
30 November 2024

And signed on behalf of the board by:
Name: Sarah Backovic
Status: Director