BALTIC TRIANGLE AREA COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
08093072 (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

BALTIC TRIANGLE AREA COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

BALTIC TRIANGLE AREA COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 9,287 10,087
Total current assets: 9,287 10,087
Creditors: amounts falling due within one year: 3 ( 8,440 ) ( 9,260 )
Net current assets (liabilities): 847 827
Total assets less current liabilities: 847 827
Total net assets (liabilities): 847 827
Members' funds
Profit and loss account: 847 827
Total members' funds: 847 827

The notes form part of these financial statements

BALTIC TRIANGLE AREA COMMUNITY INTEREST COMPANY

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.

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 17 March 2025
and signed on behalf of the board by:

Name: Fiona Shaw
Status: Director

The notes form part of these financial statements

BALTIC TRIANGLE AREA COMMUNITY INTEREST COMPANY

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 represents sponsorship income, ticket sales and donations receivable for projects to benefit the community. The company is not registered for value added tax.

    Other accounting policies

    1a. Basis Of Accounting The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . 1c. Policy For Revenue Recognition Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed. 1d. Policy For Taxation Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. 1e. Policy For Going Concern Based upon business plans and cash flows at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

BALTIC TRIANGLE AREA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

BALTIC TRIANGLE AREA COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 8,440 9,260
Total 8,440 9,260

COMMUNITY INTEREST ANNUAL REPORT

BALTIC TRIANGLE AREA COMMUNITY INTEREST COMPANY

Company Number: 08093072 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The CIC and its board of directors exist to promote the development of the Baltic Triangle area of Liverpool city centre as a creative, industrious and pioneering district and aims to create a better place to work, live and visit. The group aims to give the Baltic Triangle an enhanced private sector voice within the city and promote a strong and clear vision for the area to local, national and international audiences. Its aims and objectives are summarised below: 1. To promote a coherent vision for the Baltic Triangle district 2. To support creativity, skill and talent 3. To support local businesses 4. To promote economic growth 5. To support the regeneration of the area 6. To promote a sustainable and environmentally friendly area 7. To foster networks collaborations and clustering activities between sectors and businesses In 2023-2024, the Baltic Triangle Area CIC continued a range of activity and engagement with local stakeholders that reflects a renewed enthusiasm for community and connection. Below are some of our key activities and successes during the period: 1. A strong programme of activity with local residents, including Baltic Breakfast Club networking events, Baltic Swap Shop clothes swapping events, and litter picking sessions, promoting networking and sustainability. 2. Conversations continued with a range of public and private sector partners. 3. Director Darren Muir continued to engage with Liverpool City Council in response to new planning applications in the area. 4. Promoted and shared Baltic area activity across digital platforms to our audience, stakeholders and wider network, promoting local businesses and events. 5. Continued to support the maintenance and repair of the sensory garden on Baltic Green, which opened the year prior, part-funded by a crowdfunding campaign run by the area board, improving green spaces for residents, visitors and workers. 6. Co-hosted the People, Planet, Pint meetup in the Baltic Triangle in May 2024 to share what’s going on locally with sustainability and to engage the local community.

Consultation with stakeholders

Who are the stakeholders The Area CIC Stakeholders include board members, directors, local businesses including long established local businesses and industries, creative and digital industries, cafes, bars and venues, festival and events organisers and promoters, SMEs, micro businesses, start ups, freelancers and artists, private landowners and commercial landlords operating in the area, new residential and commercial developers operating in the area, local residents including young professionals, families and students, public sector agencies and local authorities including Liverpool City Region Combined Authority LCRCA, Liverpool City Council LCC, Liverpool LEP, Merseytravel, local universities, colleges and schools who are engaged with the area including LJMU, University of Liverpool, Liverpool Hope Uni, City of Liverpool College, The Studio School and Life Sciences UTC. Our stakeholders also include any individuals or businesses who are looking to connect and engage with the Baltic Triangle area by attending Area CIC events and activities, any tourists and visitors coming to explore the area and attend local events and a growing residential population which has largely moved into the area post pandemic. How have the stakeholders been consulted The stakeholders engage with the Area CIC through our year round events programme, 1. Baltic Breakfast early morning quarterly business and community networking event 2. Baltic Area Summer and Xmas Parties annual summer and winter fundraisers taking place in the Botanical Garden in summer and Cains Brewery at Christmas 3. Regular litter picks across the area which allow stakeholders to meet and chat, whilst providing a vital community service. Area CIC directors attend events and use these platforms to make announcements, share information and engage with stakeholders in person. The Area CIC also uses digital platforms to share information and allow for stakeholder engagement 1. Area Website 2. Area Social Media Facebook, Twitter, Instagram, Linkedin, Youtube, Vimeo 3. Area Email 4. Area Mailing List via Mailchimp 5. Area Surveys via Surveymonkey What actions has the company taken Please refer to the list of key activities and successes outlined in Part 1.

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
17 March 2025

And signed on behalf of the board by:
Name: Fiona Shaw
Status: Director