THE BOTTEGA PROJECT C.I.C.

Company Registration Number:
12329382 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

THE BOTTEGA PROJECT C.I.C.

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

THE BOTTEGA PROJECT C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 27,072 62,501
Cost of sales: ( 18,359 ) ( 46,400 )
Gross profit(or loss): 8,713 16,101
Administrative expenses: ( 13,489 ) ( 13,263 )
Operating profit(or loss): (4,776) 2,838
Profit(or loss) before tax: (4,776) 2,838
Profit(or loss) for the financial year: (4,776) 2,838

THE BOTTEGA PROJECT C.I.C.

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,537 5,671
Total fixed assets: 4,537 5,671
Current assets
Stocks: 4 3,488 3,488
Cash at bank and in hand: 6,711 5,254
Total current assets: 10,199 8,742
Creditors: amounts falling due within one year: 5 ( 32,594 ) ( 27,495 )
Net current assets (liabilities): (22,395) (18,753)
Total assets less current liabilities: (17,858) ( 13,082)
Total net assets (liabilities): (17,858) (13,082)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (17,958 ) (13,182 )
Total Shareholders' funds: ( 17,858 ) (13,082)

The notes form part of these financial statements

THE BOTTEGA PROJECT C.I.C.

Balance sheet statements

For the year ending 30 November 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 14 March 2025
and signed on behalf of the board by:

Name: John Whitehead
Status: Director

The notes form part of these financial statements

THE BOTTEGA PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 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

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings: over 50 years Leasehold land and buildings: over the lease term Plant and machinery: 20% Decreasing Balance Fixtures, fittings, tools and equipment: over 5 years

    Other accounting policies

    Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. 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. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

THE BOTTEGA PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE BOTTEGA PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 13,845 13,845
Additions
Disposals
Revaluations
Transfers
At 30 November 2024 13,845 13,845
Depreciation
At 1 December 2023 8,174 8,174
Charge for year 1,134 1,134
On disposals
Other adjustments
At 30 November 2024 9,308 9,308
Net book value
At 30 November 2024 4,537 4,537
At 30 November 2023 5,671 5,671

THE BOTTEGA PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Stocks

2024 2023
£ £
Stocks 3,488 3,488
Total 3,488 3,488

THE BOTTEGA PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 32,594 27,495
Total 32,594 27,495

COMMUNITY INTEREST ANNUAL REPORT

THE BOTTEGA PROJECT C.I.C.

Company Number: 12329382 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

We continued to work with local community groups on commissioned work and on a voluntary basis. Our main building project of the year was for Meadow St Community Gardens – a sculpture trail for their site including an entrance feature, a beautiful building, a series of nature based rubbing plaque posts, and a metal water feature. Work on the project is ongoing. We also carried out a number of small gardening jobs for local individuals, and two carpentry skills sessions with a local residents association. We also started a series of Open Workshop events to bring people into our newly renovated work space where we’ve upgraded the kitchen and upstairs clean area to facilitate meetings, chats and video recording/podcasts planned for next year. The open sessions and those delivered out in the community have upskilled participants and built on relationships with community groups which will help with our longer term School for Change plans.

Consultation with stakeholders

Our stakeholders are our clients and contacts in community groups and the participants/volunteers of those groups. These stakeholders have been consulted via face-to-face discussions during the delivery of our work and at the open workshop sessions. We are planning a online survey to be circulated to stakeholders in 2025 to gather numerical data to support funding bids to run carpentry skills sessions with groups who have expressed an interest in receiving these.

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
8 March 2025

And signed on behalf of the board by:
Name: John Whitehead
Status: Director