SHORTLANDS MARKET CIC

Company limited by guarantee

Company Registration Number:
13411556 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

SHORTLANDS MARKET CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

SHORTLANDS MARKET CIC

Directors' report period ended 31 May 2024

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

Principal activities of the company

Principle activities of the company have been organising local markets and donating profits to charity or local causes.

Political and charitable donations

The company donated £45 to charities and local causes.

Additional information

Company activities and impact Shortlands Market CIC creates a space where locals can congregate, network and support local and/or small businesses. With a diverse mix of vendors, free family entertainment and support for local charities, resident associations and the Parent Teacher Association (PTA) for the school where the market takes place (Valley Primary School, Bromley),these events provide a positive space for people to interact and build a local community. Consultation with stakeholders Our stakeholders are the community and vendors that attend our events. We run either an online or verbal survey after each of our events to gather feedback. We hold regular market meetings and communicate via whatsapp with the market volunteers to create action plans based on the feedback received. The community, local school and vendors have all expressed their support and that it has been a positive addition to the area.



Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

Kerry Nash-Clarke


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
3 February 2025

And signed on behalf of the board by:
Name: Kerry Nash-Clarke
Status: Director

SHORTLANDS MARKET CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 980 2,537
Gross profit(or loss): 980 2,537
Administrative expenses: ( 1,219 ) ( 2,611 )
Operating profit(or loss): (239) (74)
Profit(or loss) before tax: (239) (74)
Profit(or loss) for the financial year: (239) (74)

SHORTLANDS MARKET CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 473 1,153
Total fixed assets: 473 1,153
Current assets
Cash at bank and in hand: 110 0
Total current assets: 110 0
Net current assets (liabilities): 110 0
Total assets less current liabilities: 583 1,153
Total net assets (liabilities): 583 1,153
Members' funds
Profit and loss account: 583 1,153
Total members' funds: 583 1,153

The notes form part of these financial statements

SHORTLANDS MARKET CIC

Balance sheet statements

For the year ending 31 May 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 3 February 2025
and signed on behalf of the board by:

Name: Kerry Nash-Clarke
Status: Director

The notes form part of these financial statements

SHORTLANDS MARKET CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

SHORTLANDS MARKET CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SHORTLANDS MARKET CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 1,153 1,153
Additions 208 208
Disposals
Revaluations 888 888
Transfers
At 31 May 2024 473 473
Depreciation
At 1 June 2023
Charge for year
On disposals
Other adjustments
At 31 May 2024
Net book value
At 31 May 2024 473 473
At 31 May 2023 1,153 1,153

COMMUNITY INTEREST ANNUAL REPORT

SHORTLANDS MARKET CIC

Company Number: 13411556 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Shortlands Market CIC creates a space where locals can congregate, network and support local and/or small businesses. With a diverse mix of vendors, free family entertainment and support for local charities, resident associations and the Parent Teacher Association (PTA) for the school where the market takes place (Valley Primary School, Bromley),these events provide a positive space for people to interact and build a local community.

Consultation with stakeholders

Our stakeholders are the community and vendors that attend our events. We run either an online or verbal survey after each of our events to gather feedback. We hold regular market meetings and communicate via whatsapp with the market volunteers to create action plans based on the feedback received. The community, local school and vendors have all expressed their support and that it has been a positive addition to the area.

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
3 February 2025

And signed on behalf of the board by:
Name: Kerry Nash-Clarke
Status: Director