HIDDEN TREASURE DISCOVERY CENTRE CIC

Company limited by guarantee

Company Registration Number:
10778009 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

HIDDEN TREASURE DISCOVERY CENTRE CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

HIDDEN TREASURE DISCOVERY CENTRE CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Ruth Lancey
Andrew Lancey
Karen Greenhalgh


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 March 2025

And signed on behalf of the board by:
Name: Ruth Lancey
Status: Director

HIDDEN TREASURE DISCOVERY CENTRE CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 13 months to 30 June 2023


£

£
Turnover: 56,779 249,657
Cost of sales: ( 50,076 ) ( 128,711 )
Gross profit(or loss): 6,703 120,946
Distribution costs: 0 0
Administrative expenses: ( 5,407 ) ( 385,223 )
Other operating income: 6,040 270,358
Operating profit(or loss): 7,336 6,081
Interest receivable and similar income: 135 1,067
Interest payable and similar charges: ( 3,300 ) ( 3,578 )
Profit(or loss) before tax: 4,171 3,570
Tax: 0 0
Profit(or loss) for the financial year: 4,171 3,570

HIDDEN TREASURE DISCOVERY CENTRE CIC

Balance sheet

As at 30 June 2024

Notes 2024 13 months to 30 June 2023


£

£
Current assets
Debtors: 3 27,515 15,266
Cash at bank and in hand: 944 27,297
Total current assets: 28,459 42,563
Creditors: amounts falling due within one year: 4 ( 46,550 ) ( 49,298 )
Net current assets (liabilities): (18,091) (6,735)
Total assets less current liabilities: (18,091) ( 6,735)
Creditors: amounts falling due after more than one year: 5 ( 5,263 ) ( 20,790 )
Total net assets (liabilities): (23,354) (27,525)
Members' funds
Profit and loss account: (23,354) ( 27,525)
Total members' funds: ( 23,354) (27,525)

The notes form part of these financial statements

HIDDEN TREASURE DISCOVERY CENTRE CIC

Balance sheet statements

For the year ending 30 June 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 21 March 2025
and signed on behalf of the board by:

Name: Karen Greenhalgh
Status: Director

The notes form part of these financial statements

HIDDEN TREASURE DISCOVERY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 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 is reduced for estimated customer returns, rebates and other similar allowances.

HIDDEN TREASURE DISCOVERY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 13 months to 30 June 2023
    Average number of employees during the period 0 27

HIDDEN TREASURE DISCOVERY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Debtors

2024 13 months to 30 June 2023
£ £
Trade debtors 1,749 801
Prepayments and accrued income 2,823 1,522
Other debtors 22,943 12,943
Total 27,515 15,266

HIDDEN TREASURE DISCOVERY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Creditors: amounts falling due within one year note

2024 13 months to 30 June 2023
£ £
Bank loans and overdrafts 10,526 10,526
Trade creditors 491 405
Taxation and social security 177 873
Accruals and deferred income 9,356 15,093
Other creditors 26,000 22,401
Total 46,550 49,298

HIDDEN TREASURE DISCOVERY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

2024 13 months to 30 June 2023
£ £
Bank loans and overdrafts 5,263 15,790
Other creditors 5,000
Total 5,263 20,790

HIDDEN TREASURE DISCOVERY CENTRE CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Financial Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following: 30 June 2024 £0 30 June 2023 Not later than one year - 20,000

COMMUNITY INTEREST ANNUAL REPORT

HIDDEN TREASURE DISCOVERY CENTRE CIC

Company Number: 10778009 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

This year the CIC has supported the local community and work of the parent charity Hidden Treasure Trust CIO by the provision of children’s parties and events which have in turn provided: Finance to deliver a wide range of community support services Contributed to the on-going running of the Hideaway children’s play centre and all the wraparound care, classes, courses and groups Provided employment and voluntary opportunities for the local community, especially those who might struggle to find work elsewhere. It has also delivered support for young people in partnership with the local High School, delivering mentoring, 1-1 support and group support and education for children with mental health challenges.

Consultation with stakeholders

The stakeholders are primarily the trustees, directors and staff of the parent CIO, and the beneficiaries and partners of the organisation. Consultation has been made with the primary stakeholders through regular meetings, monitoring and adaption of parties and events to ensure that all activities support the charitable aims of both organisations. No major changes have been made as a result of consultation.

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
26 March 2025

And signed on behalf of the board by:
Name: Ruth Lancey
Status: Director