RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
05996296 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Directors' report period ended 31 March 2024

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

Principal activities of the company

The company was incorporated on 13th November 2006 to raise funds for Birmingham Women’s and Children's Hospital Charity.

Political and charitable donations

Profits are donated to Birmingham Women's and Children's Hospital Charity



Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Hugh Reynolds
Birmingham Women's and Children's Hospital Charity


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
25 September 2024

And signed on behalf of the board by:
Name: Hugh Reynolds
Status: Director

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 121,398 111,480
Cost of sales: ( 92,339 ) ( 85,969 )
Gross profit(or loss): 29,059 25,511
Administrative expenses: ( 16,133 ) ( 17,056 )
Other operating income: 0 0
Operating profit(or loss): 12,926 8,455
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 2,717 ) ( 2,289 )
Profit(or loss) before tax: 10,209 6,166
Tax: 0 0
Profit(or loss) for the financial year: 10,209 6,166

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 3 21,390 23,896
Debtors: 4 14,330 12,753
Cash at bank and in hand: 7,867 11,691
Investments:   0 0
Total current assets: 43,587 48,340
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 43,587 ) ( 48,340 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 March 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 25 September 2024
and signed on behalf of the board by:

Name: Hugh Reynolds
Status: Director

The notes form part of these financial statements

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 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

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Stocks

2024 2023
£ £
Stocks 21,390 23,896
Payments on account 0 0
Total 21,390 23,896

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 14,330 12,753
Prepayments and accrued income 0 0
Other debtors 0 0
Total 14,330 12,753
Debtors due after more than one year: 0 0

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 660 5,472
Taxation and social security 0 6,701
Accruals and deferred income 0 0
Other creditors 42,927 36,167
Total 43,587 48,340

COMMUNITY INTEREST ANNUAL REPORT

RED BALLOON TRADING COMMUNITY INTEREST COMPANY

Company Number: 05996296 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company's object is to carry on activities which benefit the community and in particular (without limitation) to carry on any trade or business with the intention of generating a profit for Birmingham Women's and Children's Hospital Charity. The company runs a Charity Hub at Birmingham Children's Hospital which includes the selling of charity branded items. The funds raised via the Hub have benefited the community for example with the purchase of medical equipment with the aim to provide "world/best class" services, alongside therapeutic support and provision of services to directly benefit families and patients.

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
25 September 2024

And signed on behalf of the board by:
Name: Hugh Reynolds
Status: Director