PAINSWICK COLLECTIVE CIC

Company limited by guarantee

Company Registration Number:
14849167 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 5 May 2023

End date: 31 May 2024

PAINSWICK COLLECTIVE CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

PAINSWICK COLLECTIVE 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

Make Painswick more accessible and attractive to visitors through: a new, updateable visitor map (already seed-funded); monthly ‘What’s On’ summaries; social media. Bring local businesses together through regular networking events. Develop & host local initiatives that support local businesses and contribute to a thriving village centre, for example: local business fairs, local markets, pop-ups, other events that bring together and showcase local businesses. Gather views of local businesses on issues of importance that affect the village economy, and act to represent these opinions in their interests where appropriate & with consent, for example with local councils.



Directors

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

Susan Andrews


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
5 February 2025

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

PAINSWICK COLLECTIVE CIC

Profit And Loss Account

for the Period Ended 31 May 2024

13 months to 31 May 2024


£
Turnover: 1,490
Cost of sales: ( 1,275 )
Gross profit(or loss): 215
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 215
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 215
Tax: ( 41 )
Profit(or loss) for the financial year: 174

PAINSWICK COLLECTIVE CIC

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 215
Investments:   0
Total current assets: 215
Prepayments and accrued income: 0
Creditors: amounts falling due within one year:   0
Net current assets (liabilities): 215
Total assets less current liabilities: 215
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 215
Members' funds
Profit and loss account: 215
Total members' funds: 215

The notes form part of these financial statements

PAINSWICK COLLECTIVE 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 5 February 2025
and signed on behalf of the board by:

Name: Susan Andrews
Status: Director

The notes form part of these financial statements

PAINSWICK COLLECTIVE 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

PAINSWICK COLLECTIVE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    13 months to 31 May 2024
    Average number of employees during the period 0

COMMUNITY INTEREST ANNUAL REPORT

PAINSWICK COLLECTIVE CIC

Company Number: 14849167 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

In the year to 31st May 2024 the CIC has worked to meet the first of its principle objectives: Make Painswick more accessible and attractive to visitors through: a new, updateable visitor map (already seed-funded); monthly ‘What’s On’ summaries; social media. A total of just under 400 of the new visitor maps showcasing 27 local businesses were sold in the village in its first year, through seven different retail locations. Eleven local businesses have benefited from advertising space within the map. A second edition was printed following changes in retail operations in the village, so the map has remained up to date for visitors. The monthly 'What's On', available online and via the map, has summarised local events as well as providing up to date opening days and times. Any local business or society providing an event or service that may be of interest to those visiting the area have been included.

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
5 February 2025

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