PEOPLE'S PARK CAFE CIC

Company limited by guarantee

Company Registration Number:
11344933 (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

PEOPLE'S PARK CAFE CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PEOPLE'S PARK CAFE CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 611 611
Total current assets: 611 611
Creditors: amounts falling due within one year: 3 ( 611 ) ( 611 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

PEOPLE'S PARK CAFE 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 10 February 2025
and signed on behalf of the board by:

Name: S R Willis
Status: Director

The notes form part of these financial statements

PEOPLE'S PARK CAFE 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

    Turnover policy

    All incoming resources are included in the Profit and Loss account when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy. Grants are included in the Profit and Loss account on a receivable basis. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Donations are recognised on a receivable basis where there is certainty of receipt and the amount can be reliably measured.

    Other accounting policies

    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.

PEOPLE'S PARK CAFE 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

PEOPLE'S PARK CAFE CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 611 611
Total 611 611

COMMUNITY INTEREST ANNUAL REPORT

PEOPLE'S PARK CAFE CIC

Company Number: 11344933 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

In the year ended 31st May 2024 the company continued an action plan to convert a disused pavilion into a vibrant, community cafe. This included working with an architect, working with the local council and identifying a cafe operator. A decision is required by the secretary of state to transfer freehold of the relevant property to the CIC.

Consultation with stakeholders

Whilst the freehold legal process continues, the company has held consultations with local residents through informal discussions. The council of reference continues to identify and consult stakeholders (e.g. park users).

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
10 February 2025

And signed on behalf of the board by:
Name: S R Willis
Status: Director