CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
12546445 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 41,779 28,331
Cost of sales: ( 10,169 ) ( 3,226 )
Gross profit(or loss): 31,610 25,105
Administrative expenses: ( 31,440 ) ( 24,519 )
Operating profit(or loss): 170 586
Profit(or loss) before tax: 170 586
Tax: ( 111 )
Profit(or loss) for the financial year: 170 475

CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 14,240 12,934
Total current assets: 14,240 12,934
Prepayments and accrued income: 165
Creditors: amounts falling due within one year: 3 ( 112 ) ( 111 )
Net current assets (liabilities): 14,128 12,988
Total assets less current liabilities: 14,128 12,988
Accruals and deferred income: ( 12,000 ) ( 11,029 )
Total net assets (liabilities): 2,128 1,959
Members' funds
Profit and loss account: 2,128 1,959
Total members' funds: 2,128 1,959

The notes form part of these financial statements

CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 April 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 13 January 2025
and signed on behalf of the board by:

Name: Ollie Saunders
Status: Director

The notes form part of these financial statements

CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 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

CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 112 111
Total 112 111

COMMUNITY INTEREST ANNUAL REPORT

CHISWICK FLOWER MARKET COMMUNITY INTEREST COMPANY

Company Number: 12546445 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

The company operates a flower market in the Old Market Place, Chiswick High Road, London W4 2DR. The market is held on the first Sunday of each month (excluding January). The market was established in 2020 to help revive Chiswick High Road which had declined in recent years. It was the first new flower market in London for 150 years. The market sells a wide range of cut flowers, house plants, outdoor plants and accessories, with a focus on British grown/produced and on sustainability. It attracts visitors from all over London and farther afield, which ensures a vibrant day in Chiswick. During the fourth year of operation the market continues to be a great success for residents and visitors alike. It continues to bring much needed footfall to the High Road, each market attracts between 8,000 and 10,000 visitors. Many local businesses including shops, pubs, restaurants and cafes have benefited from increased revenues on market days. There are many traders who attend every market, several who are seasonal, and there is a steady stream of new applicants. Priority is given to local businesses and those with a strong sustainability ethos. The market is also very supportive of charities and not for profits. Local musicians are invited to provide entertainment at the markets in addition to school choirs for some markets. Subsequent to the market commencing operations, other markets started in the same location on other Sundays, these being a cheese market, an antiques market and a street food market. We have brought in some additional markets to the excess space to bring extra interest and visitors. These include a Vegan market and an art market. All profits made by the flower market are put back into the local community. During the fourth financial year surplus funds have been used to maintain flower beds in the High Road and to create a new garden/seating area in the Old Market Place in addition to supporting a few local causes.

Consultation with stakeholders

The stakeholders comprise all local businesses and residents of Chiswick. We undertake surveys (typically one per year) to seek feedback on performance and on any proposed changes. The local council, the London Borough of Hounslow (“LBH”) is also a key stakeholder. The market organisers have worked closely with LBH in order to renew the licence to trade, to ensure safe and efficient operation of the market and to ensure compliance with relevant rules and regulations. LBH has been hugely supportive of the market. The market is run solely by volunteers who are all local. Regular meetings are held to discuss the operations of the market, to ensure smooth running of the market and that the CIC continues to meet its objectives. Interested parties have been kept informed via newsletters, press releases and social media. We have encouraged feedback from all parties and where possible and practical we have implemented any feedback provided.

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
13 January 2025

And signed on behalf of the board by:
Name: Ollie Saunders
Status: Director