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Company limited by guarantee

Company Registration Number:
14097844 (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

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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

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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

Directors

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

L P Coad
C Forsdike
A James
H Ryder


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
26 February 2025

And signed on behalf of the board by:
Name: A James
Status: Director

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Profit And Loss Account

for the Period Ended 31 May 2024

2024 13 months to 31 May 2023


£

£
Turnover: 95,294 5,124
Cost of sales: ( 6,957 )
Gross profit(or loss): 88,337 5,124
Administrative expenses: ( 62,506 ) ( 6,539 )
Other operating income: 9,079
Operating profit(or loss): 34,910 (1,415)
Profit(or loss) before tax: 34,910 (1,415)
Profit(or loss) for the financial year: 34,910 (1,415)

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Balance sheet

As at 31 May 2024

Notes 2024 13 months to 31 May 2023


£

£
Fixed assets
Tangible assets: 3 33,516 0
Total fixed assets: 33,516 0
Current assets
Debtors: 4 803
Cash at bank and in hand: 31,286 1,141
Total current assets: 32,089 1,141
Creditors: amounts falling due within one year: 5 ( 21,580 ) ( 2,026 )
Net current assets (liabilities): 10,509 (885)
Total assets less current liabilities: 44,025 ( 885)
Creditors: amounts falling due after more than one year: 6 ( 10,500 ) ( 500 )
Accruals and deferred income: 0
Total net assets (liabilities): 33,525 (1,385)
Members' funds
Profit and loss account: 33,525 ( 1,385)
Total members' funds: 33,525 (1,385)

The notes form part of these financial statements

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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 26 February 2025
and signed on behalf of the board by:

Name: A James
Status: Director

The notes form part of these financial statements

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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

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Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 13 months to 31 May 2023
    Average number of employees during the period 2 1

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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 0 0
Additions 33,516 33,516
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 May 2024 33,516 33,516
Depreciation
At 1 June 2023 0 0
Charge for year 0 0
On disposals 0 0
Other adjustments 0 0
At 31 May 2024 0 0
Net book value
At 31 May 2024 33,516 33,516
At 31 May 2023 0 0

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Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 13 months to 31 May 2023
£ £
Prepayments and accrued income 803
Total 803

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Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 13 months to 31 May 2023
£ £
Trade creditors 259 132
Taxation and social security 1,390
Accruals and deferred income 21,321 504
Total 21,580 2,026

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Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due after more than one year note

2024 13 months to 31 May 2023
£ £
Other creditors 10,500 500
Total 10,500 500

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 14097844 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

The Perfect Place to Grow opened to young people in October 2023 as a cafe and training kitchen situated in Margate that supports 18-24 year olds, not in education or work, into long term sustainable employment. We utilise food in all its forms to help young people gain the skills and receive the support needed to change their futures. We work with young people referred to us by local organisations and the job centre, We help them to get the support they require be it physical or mental, and teach them the skills to find employment. They join us on a volunteer basis, we assess their individual needs and support them until they are ready to work. There is no time limit to the support but it is imperative they move on into employment elsewhere.

Consultation with stakeholders

We still use consultations with wider community groups to back up our own findings over the last year. We discuss needs and outcomes with educational institutions such as East Kent College, DWP, The Education People and local youth organisations such as Pie Factory, KRAN (Kent Refugee Action Network), ArtsEdEx, TDC (Thanet District Council). We are building up knowledge to further improve our own outcomes. We are acting on the call for support of young people as well as the ask from young people to be upskilled in the food industry as well as the need for mental health and wellbeing support.

Directors' remuneration

Director’s salary for A. James included in accounts, there were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 February 2025

And signed on behalf of the board by:
Name: L Coad
Status: Director