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REGISTERED NUMBER: OC364305 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

COMMUNITY INNOVATIONS ENTERPRISE LLP

COMMUNITY INNOVATIONS ENTERPRISE LLP (REGISTERED NUMBER: OC364305)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

General Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


COMMUNITY INNOVATIONS ENTERPRISE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DESIGNATED MEMBERS: Dr Jonathan J Bashford
Lord K K Patel





REGISTERED OFFICE: Summit House
Woodland Park
Bradford Road
Cleckheaton
West Yorkshire
BD19 6BW





REGISTERED NUMBER: OC364305 (England and Wales)





ACCOUNTANTS: Shenward LLP
Chartered Accountants & Business Advisors
Summit House
Woodland Park
Bradford Road
Cleckheaton
West Yorkshire
BD19 6BW

COMMUNITY INNOVATIONS ENTERPRISE LLP (REGISTERED NUMBER: OC364305)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,393 5,689

CURRENT ASSETS
Debtors 7,346 79,695
Cash at bank 2,143 22,580
9,489 102,275
CREDITORS
Amounts falling due within one year 7,431 96,574
NET CURRENT ASSETS 2,058 5,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,451

11,390

CREDITORS
Amounts falling due after more than one
year

5,860

11,390
NET ASSETS ATTRIBUTABLE TO
MEMBERS

591

-

LOANS AND OTHER DEBTS DUE TO
MEMBERS

6

591

-

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 6 591 -
Amounts due from members (7,346 ) (73,285 )
(6,755 ) (73,285 )

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 May 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

COMMUNITY INNOVATIONS ENTERPRISE LLP (REGISTERED NUMBER: OC364305)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4 October 2024 and were signed by:





Lord K K Patel - Designated member

COMMUNITY INNOVATIONS ENTERPRISE LLP (REGISTERED NUMBER: OC364305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Community Innovations Enterprise LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Details of these judgements can be found in the accounting policies.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the income statement.

Impairment of fixed assets
At each reporting end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

COMMUNITY INNOVATIONS ENTERPRISE LLP (REGISTERED NUMBER: OC364305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 34,562
DEPRECIATION
At 1 June 2023 28,873
Charge for year 1,296
At 31 May 2024 30,169
NET BOOK VALUE
At 31 May 2024 4,393
At 31 May 2023 5,689

6. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) would rank as an
unsecured creditor.

7. ULTIMATE CONTROLLING PARTY

The controlling party is Lord K K Patel.