MEANWHILE SPACE C.I.C

Company Registration Number:
06971768 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

MEANWHILE SPACE C.I.C

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

MEANWHILE SPACE C.I.C

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The supply of consultancy and project management services which benefit the community.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Eddie Bridgeman
Emily Berwyn
J M Steele


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 December 2024

And signed on behalf of the board by:
Name: Eddie Bridgeman
Status: Director

MEANWHILE SPACE C.I.C

Profit And Loss Account

for the Period Ended 31 December 2023

2023 17 months to 31 December 2022


£

£
Turnover: 812,704 1,334,364
Cost of sales: ( 187,406 ) ( 442,990 )
Gross profit(or loss): 625,298 891,374
Administrative expenses: ( 732,466 ) ( 896,191 )
Operating profit(or loss): (107,168) (4,817)
Interest receivable and similar income: 139 148
Interest payable and similar charges: ( 39,223 ) ( 32,674 )
Profit(or loss) before tax: (146,252) (37,343)
Tax: 63,642 ( 171,293 )
Profit(or loss) for the financial year: (82,610) (208,636)

MEANWHILE SPACE C.I.C

Balance sheet

As at 31 December 2023

Notes 2023 17 months to 31 December 2022


£

£
Fixed assets
Tangible assets: 3 352,551 373,760
Investments: 4 600,000 1,116,343
Total fixed assets: 952,551 1,490,103
Current assets
Debtors: 5 188,902 327,117
Cash at bank and in hand: 13,426 86,832
Total current assets: 202,328 413,949
Creditors: amounts falling due within one year: 6 ( 498,771 ) ( 504,804 )
Net current assets (liabilities): (296,443) (90,855)
Total assets less current liabilities: 656,108 1,399,248
Creditors: amounts falling due after more than one year: 7 ( 274,477 ) ( 355,106 )
Total net assets (liabilities): 381,631 1,044,142
Capital and reserves
Called up share capital: 100 100
Share premium account: 148,440 212,082
Other reserves: 397,474 847,510
Profit and loss account: (164,383 ) (15,550 )
Total Shareholders' funds: 381,631 1,044,142

The notes form part of these financial statements

MEANWHILE SPACE C.I.C

Balance sheet statements

For the year ending 31 December 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 December 2024
and signed on behalf of the board by:

Name: Eddie Bridgeman
Status: Director

The notes form part of these financial statements

MEANWHILE SPACE C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 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

MEANWHILE SPACE C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 17 months to 31 December 2022
    Average number of employees during the period 10 12

MEANWHILE SPACE C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 373,760 373,760
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 373,760 373,760
Depreciation
At 1 January 2023 0 0
Charge for year
On disposals
Other adjustments 21,209 21,209
At 31 December 2023 21,209 21,209
Net book value
At 31 December 2023 352,551 352,551
At 31 December 2022 373,760 373,760

MEANWHILE SPACE C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed assets investments note

The Hithe, company demountable office

MEANWHILE SPACE C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 17 months to 31 December 2022
£ £
Trade debtors 188,902 327,117
Total 188,902 327,117

MEANWHILE SPACE C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 17 months to 31 December 2022
£ £
Trade creditors 498,771 504,804
Total 498,771 504,804

MEANWHILE SPACE C.I.C

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023 17 months to 31 December 2022
£ £
Other creditors 274,477 355,106
Total 274,477 355,106

COMMUNITY INTEREST ANNUAL REPORT

MEANWHILE SPACE C.I.C

Company Number: 06971768 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

-Those directly benefitting from the organisation include seed and startup development stage businesses who require affordable space with flexible terms and support to thrive (or fail), and local communities in typically neglected areas, who gain from facilities, activities and services that improve community cohesion, skills and access to employment. We ask tenants, at application and 6-monthly, about their business, growth, employees, community benefit, cohesion and local impact. We ask landlords in annual surveys about the property, and our role to improve deprivation, social impact and placemaking. We regularly ask visitors whether a space is improving the area. We track data from our management reports and national data sources annually. Information we gather establishes whether we are achieving our social outputs, improves services we offer and helps to understand if we are appealing to as broad a range of people as possible.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The Directors remuneration. £48,000 was paid to Mrs E Berwyn and £24,000 to Mr E Bridgeman

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 December 2024

And signed on behalf of the board by:
Name: Eddie Bridgeman
Status: Director