LN12 CIC

Company limited by guarantee

Company Registration Number:
13272019 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

LN12 CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

LN12 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

LN12 CIC aims to improve lives and reduce social and economic inequalities in the Mablethorpe, Trusthorpe, and Sutton on Sea area (LN12) of Lincolnshire. It will do this by providing services, opportunities and employment for local people and communities.



Directors

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

Graham E Cullen
Susan Fortune
Kim Parrinder
Christopher H Lilley
Paul Anthony Scott


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
16 December 2024

And signed on behalf of the board by:
Name: Susan Fortune
Status: Director

LN12 CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 400 1,300
Cost of sales: ( 16,628 ) ( 16,021 )
Gross profit(or loss): (16,228) (14,721)
Operating profit(or loss): (16,228) (14,721)
Profit(or loss) before tax: (16,228) (14,721)
Profit(or loss) for the financial year: (16,228) (14,721)

LN12 CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 24,978 41,148
Total current assets: 24,978 41,148
Net current assets (liabilities): 24,978 41,148
Total assets less current liabilities: 24,978 41,148
Total net assets (liabilities): 24,978 41,148
Members' funds
Profit and loss account: 24,978 41,148
Total members' funds: 24,978 41,148

The notes form part of these financial statements

LN12 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 16 December 2024
and signed on behalf of the board by:

Name: Susan Fortune
Status: Director

The notes form part of these financial statements

LN12 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 Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 20% on cost

    Other accounting policies

    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 year 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.

LN12 CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

COMMUNITY INTEREST ANNUAL REPORT

LN12 CIC

Company Number: 13272019 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

LN12 was created using funding from Lincolnshire Community Foundation and Mablethorpe Bib Local. LN12 CIC aims to improve lives and reduce social and economic inequalities in the Mablethorpe, Trusthorpe, and Sutton on Sea area (LN12) of Lincolnshire. It does this by providing services, opportunities and employment for local people and communities. In its third full year of operation it continues to support people who are in need in the LN12 postcode area which is on the east coast of Lincolnshire. Activities include supporting warm spaces, providing warm packs, working with young people, and providing/facilitating small grants to individuals.

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
16 December 2024

And signed on behalf of the board by:
Name: Paul Scott
Status: Director