THE LEDWARD CENTRE CIC

Company limited by guarantee

Company Registration Number:
12486421 (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

THE LEDWARD CENTRE 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

THE LEDWARD CENTRE 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

Directors

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

Chris Gull
Ian Chaplin


The director shown below has held office during the period of
1 March 2023 to 31 October 2023

Gillian Bailey


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
8 January 2025

And signed on behalf of the board by:
Name: Chris Gull
Status: Director

THE LEDWARD CENTRE CIC

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 175,600 126,708
Cost of sales: ( 44,788 ) ( 18,742 )
Gross profit(or loss): 130,812 107,966
Distribution costs: 0 0
Administrative expenses: ( 169,066 ) ( 105,676 )
Other operating income: 0 0
Operating profit(or loss): (38,254) 2,290
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (38,254) 2,290
Tax: 0 0
Profit(or loss) for the financial year: (38,254) 2,290

THE LEDWARD CENTRE CIC

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 140,814 99,764
Investments:   0 0
Total fixed assets: 140,814 99,764
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 9,195 42,758
Investments:   0 0
Total current assets: 9,195 42,758
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 47,596 ) ( 20,534 )
Net current assets (liabilities): (38,401) 22,224
Total assets less current liabilities: 102,413 121,988
Creditors: amounts falling due after more than one year: 5 ( 124,500 ) ( 105,820 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (22,087) 16,168
Members' funds
Profit and loss account: (22,087) 16,168
Total members' funds: ( 22,087) 16,168

The notes form part of these financial statements

THE LEDWARD CENTRE 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 8 January 2025
and signed on behalf of the board by:

Name: Chris Gull
Status: Director

The notes form part of these financial statements

THE LEDWARD CENTRE 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

THE LEDWARD CENTRE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 2

THE LEDWARD CENTRE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 0 3,744 128,544 6,896 0 139,184
Additions 0 3,586 78,182 5,521 0 87,289
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 29 February 2024 0 7,330 206,726 12,417 0 226,473
Depreciation
At 1 March 2023 0 936 36,586 1,898 39,420
Charge for year 0 1,599 42,535 2,105 46,239
On disposals
Other adjustments
At 29 February 2024 0 2,535 79,121 4,003 85,659
Net book value
At 29 February 2024 0 4,795 127,605 8,414 0 140,814
At 28 February 2023 0 2,808 91,958 4,998 0 99,764

THE LEDWARD CENTRE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. 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 4,000 0
Taxation and social security 34,028 10,966
Other creditors 9,568 9,568
Total 47,596 20,534

THE LEDWARD CENTRE CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

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

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 124,500 105,820
Total 124,500 105,820

COMMUNITY INTEREST ANNUAL REPORT

THE LEDWARD CENTRE CIC

Company Number: 12486421 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The company runs The Ledward Centre, a cafe and drop in centre in Brighton with a particular emphasis on the LGBTQ+ community.

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
8 January 2025

And signed on behalf of the board by:
Name: CHristopher Gull
Status: Director