for the Period Ended 30 April 2024
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
for the Period Ended
2024 | 2023 | |
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Cost of sales: |
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Gross profit(or loss): |
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Administrative expenses: |
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Operating profit(or loss): |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 2024 | 2023 | |
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Current assets | |||
Cash at bank and in hand: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 3 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2024
Basis of measurement and preparation
for the Period Ended 30 April 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 April 2024
2024 | 2023 | |
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£ | £ | |
Taxation and social security |
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Total |
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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.
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.
No remuneration was received
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