LAND IN OUR NAMES C.I.C.

Company limited by guarantee

Company Registration Number:
13854966 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

LAND IN OUR NAMES C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2024

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

LAND IN OUR NAMES C.I.C.

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

Providing a series of community care workshops for black and people of colour



Directors

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

Marcus MacDonald
Josina Calliste
Sam Sivapragasam
Deidre Woods


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
23 January 2025

And signed on behalf of the board by:
Name: Marcus MacDonald
Status: Director

LAND IN OUR NAMES C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2024

2024 2023


£

£
Turnover: 3,561 27,726
Cost of sales: ( 87,264 ) ( 4,027 )
Gross profit(or loss): (83,703) 23,699
Administrative expenses: ( 29,290 ) ( 2,005 )
Other operating income: 69,267 0
Operating profit(or loss): (43,726) 21,694
Profit(or loss) before tax: (43,726) 21,694
Tax: 4,122 ( 4,122 )
Profit(or loss) for the financial year: (39,604) 17,572

LAND IN OUR NAMES C.I.C.

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 82 0
Total fixed assets: 82 0
Current assets
Debtors: 4 4,122
Cash at bank and in hand: 42,126 22,444
Total current assets: 46,248 22,444
Creditors: amounts falling due within one year: 5 ( 68,362 ) ( 4,872 )
Net current assets (liabilities): (22,114) 17,572
Total assets less current liabilities: (22,032) 17,572
Total net assets (liabilities): (22,032) 17,572
Members' funds
Profit and loss account: (22,032) 17,572
Total members' funds: ( 22,032) 17,572

The notes form part of these financial statements

LAND IN OUR NAMES C.I.C.

Balance sheet statements

For the year ending 31 January 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 23 January 2025
and signed on behalf of the board by:

Name: Marcus MacDonald
Status: Director

The notes form part of these financial statements

LAND IN OUR NAMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

    Other accounting policies

    Debtors - Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors- Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation - A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

LAND IN OUR NAMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

LAND IN OUR NAMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2023 0 0
Additions 103 103
Disposals
Revaluations
Transfers
At 31 January 2024 103 103
Depreciation
At 1 February 2023 0 0
Charge for year 21 21
On disposals
Other adjustments
At 31 January 2024 21 21
Net book value
At 31 January 2024 82 82
At 31 January 2023 0 0

LAND IN OUR NAMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Debtors

2024 2023
£ £
Other debtors 4,122
Total 4,122
Debtors due after more than one year: 0 0

LAND IN OUR NAMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 68,362 4,872
Total 68,362 4,872

COMMUNITY INTEREST ANNUAL REPORT

LAND IN OUR NAMES C.I.C.

Company Number: 13854966 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

Land in Our Names has benefited our community by : -Providing a series of community care workshops for black and people of colour, the workshops centre wellness practices and provide a space to meet and connect with others. The sessions are donation based and no one is turned away. -Stewarding a community garden at Glengall wharf gardens and creating a bi-weekly volunteer gardening drop in session to share and learn skills. -Provided free veg from our community garden to community members - Produced community film screening events - Produced seasonal events -Organised seasonal gatherings for our community which were donation based entry and provide food, music and panel discussions. -Provided freelance employment for community members

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
23 January 2025

And signed on behalf of the board by:
Name: Marcus Macdonald
Status: Director