MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Company Registration Number:
13515958 (England and Wales)

Unaudited statutory accounts for the year ended 25 October 2024

Period of accounts

Start date: 26 October 2023

End date: 25 October 2024

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 25 October 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Directors' report period ended 25 October 2024

The directors present their report with the financial statements of the company for the period ended 25 October 2024

Directors

The director shown below has held office during the whole of the period from
26 October 2023 to 25 October 2024

Mr James Maclarnon


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
10 March 2025

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

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Balance sheet

As at 25 October 2024

Notes 2024 2023


£

£
Called up share capital not paid: 125,000 125,000
Fixed assets
Tangible assets: 3 1,322 1,708
Total fixed assets: 1,322 1,708
Current assets
Stocks: 4 2,160 0
Total current assets: 2,160 0
Creditors: amounts falling due within one year: 5 ( 6,571 ) ( 3,816 )
Net current assets (liabilities): (4,411) (3,816)
Total assets less current liabilities: 121,911 122,892
Provision for liabilities: ( 251 ) ( 324 )
Total net assets (liabilities): 121,660 122,568
Capital and reserves
Called up share capital: 125,000 125,000
Profit and loss account: (3,340 ) (2,432 )
Total Shareholders' funds: 121,660 122,568

The notes form part of these financial statements

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 25 October 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 March 2025
and signed on behalf of the board by:

Name: Mr James Maclarnon
Status: Director

The notes form part of these financial statements

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 October 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 5 Year Straighline

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 26 October 2023 1,930 1,930
Additions
Disposals
Revaluations
Transfers
At 25 October 2024 1,930 1,930
Depreciation
At 26 October 2023 222 222
Charge for year 386 386
On disposals
Other adjustments
At 25 October 2024 608 608
Net book value
At 25 October 2024 1,322 1,322
At 25 October 2023 1,708 1,708

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 October 2024

4. Stocks

2024 2023
£ £
Stocks 2,160 0
Total 2,160 0

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 25 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 6,571 3,816
Total 6,571 3,816

COMMUNITY INTEREST ANNUAL REPORT

MINDS EYE BREWING COMMUNITY INTEREST COMPANY

Company Number: 13515958 (England and Wales)

Year Ending: 25 October 2024

Company activities and impact

The Company has been working with the local community on a small scale through word of mouth to create cider. The company has been given a satisfactory rating by the food standards agency of 3 stars. We are working with a supplier with aims of gaining a working relationship with them to boost production of cider. We have made wine and cider in 2024. The Cider has been bottled, the Wine is still in the process of being made. No sales have been made as we are developing our: product, infrastructure, and volume capacity. By working with a diverse group of people we are having a positive impact on the mental health and wellbeing of those involved. Further creating ties within the community and reducing isolation and loneliness. Marketing activities have increased towards the end of 2024 with an Instagram account being made with plans to create short form adverts on YouTube also. So far no sales have been made.

Consultation with stakeholders

No formal consultation has been made with the community apart from an informal gathering of friends and members of the community to taste our produce and see how it could be improved. These stakeholders are members from Prestwood Community and friends from within Buckinghamshire. The other main stakeholder is a cider producer located in South Hampton with whom we are communicating with for future partnership.

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 March 2025

And signed on behalf of the board by:
Name: James Conrado Luna MacLarnon
Status: Director