TITANS CHEER NI CIC

Company limited by guarantee

Company Registration Number:
NI695554 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 20 March 2023

End date: 31 March 2024

TITANS CHEER NI CIC

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

TITANS CHEER NI CIC

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

Titans Cheer NI CIC aim to provided assessable and cheer leading opportunities for individuals of all ages, while making a positive impact within the local community. Titans Cheer CIC have supported both competitive and recreational programs, as well as invest in vital improvements to facilities.



Directors

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

Dearbhla Bredley
S Burton


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
19 December 2024

And signed on behalf of the board by:
Name: Dearbhla Bredley
Status: Director

TITANS CHEER NI CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024


£
Turnover: 16,561
Cost of sales: ( 16,175 )
Gross profit(or loss): 386
Distribution costs: 0
Administrative expenses: ( 887 )
Other operating income: 0
Operating profit(or loss): (501)
Profit(or loss) before tax: (501)
Profit(or loss) for the financial year: (501)

TITANS CHEER NI CIC

Balance sheet

As at 31 March 2024

Notes 2024


£
Current assets
Cash at bank and in hand: 199
Total current assets: 199
Creditors: amounts falling due within one year: 3 ( 700 )
Net current assets (liabilities): (501)
Total assets less current liabilities: (501)
Total net assets (liabilities): (501)
Members' funds
Profit and loss account: (501)
Total members' funds: ( 501)

The notes form part of these financial statements

TITANS CHEER NI CIC

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 19 December 2024
and signed on behalf of the board by:

Name: Dearbhla Bredley
Status: Director

The notes form part of these financial statements

TITANS CHEER NI CIC

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Other accounting policies

    Taxation Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TITANS CHEER NI CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024
    Average number of employees during the period 0

TITANS CHEER NI CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Other creditors 700
Total 700

COMMUNITY INTEREST ANNUAL REPORT

TITANS CHEER NI CIC

Company Number: NI695554 (Northern Ireland)

Year Ending: 31 March 2024

Company activities and impact

Titans Cheer NI CIC have provided accessessiblie and cheer leading opportunites for indiviuals of all ages, while making a positive impact within the local community. Titans Cheer CIC have supported both competative and recreational programs, as well as invest in vital improements to facilities.

Consultation with stakeholders

Titans Cheer NI CIC have organised a coffee moring, were members of the public were invited to join the us for coffee and a conversation/consultation. There are also several fundraising nights, which allowed consulations with the wider community to be had.

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
12 January 2025

And signed on behalf of the board by:
Name: Dearbhla Bredley
Status: Director