CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Company Registration Number:
08301934 (England and Wales)

Unaudited statutory accounts for the year ended 29 July 2024

Period of accounts

Start date: 30 July 2023

End date: 29 July 2024

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 29 July 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Balance sheet

As at 29 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,414 4,322
Investments: 4 20 20
Total fixed assets: 2,434 4,342
Current assets
Debtors: 5 375,045 8
Cash at bank and in hand: 211,631 5,449
Total current assets: 586,676 5,457
Creditors: amounts falling due within one year: 6 ( 28,760 ) ( 27,829 )
Net current assets (liabilities): 557,916 (22,372)
Total assets less current liabilities: 560,350 ( 18,030)
Creditors: amounts falling due after more than one year: 7 ( 17,425 ) ( 60,723 )
Total net assets (liabilities): 542,925 (78,753)
Capital and reserves
Called up share capital: 100 8
Share premium account: 624,945 0
Profit and loss account: (82,120 ) (78,761 )
Total Shareholders' funds: 542,925 (78,753)

The notes form part of these financial statements

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 29 July 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 29 April 2025
and signed on behalf of the board by:

Name: Gary Thomas
Status: Director

The notes form part of these financial statements

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 July 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

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 11 11

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 30 July 2023 13,208 13,208
Additions 1,525 1,525
Disposals ( 7,540 ) ( 7,540 )
Revaluations
Transfers
At 29 July 2024 7,193 7,193
Depreciation
At 30 July 2023 8,886 8,886
Charge for year 1,480 1,480
On disposals ( 5,587 ) ( 5,587 )
Other adjustments
At 29 July 2024 4,779 4,779
Net book value
At 29 July 2024 2,414 2,414
At 29 July 2023 4,322 4,322

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 July 2024

4. Fixed assets investments note

Shares held in participating interest

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 July 2024

5. Debtors

2024 2023
£ £
Other debtors 375,045 8
Total 375,045 8

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 July 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 17,966 19,559
Other creditors 10,794 8,270
Total 28,760 27,829

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 29 July 2024

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

2024 2023
£ £
Other creditors 17,425 60,723
Total 17,425 60,723

COMMUNITY INTEREST ANNUAL REPORT

CHESHIRE PHOENIX BASKETBALL CLUB COMMUNITY INTEREST COMPANY

Company Number: 08301934 (England and Wales)

Year Ending: 29 July 2024

Company activities and impact

The company runs a community basketball club. During its 2023/24 season the club has continued to benefit the community in the following ways: 1. Promotion Community sports engagement and participation through active promotion of sporting activities 2. Working to widen participation in sport, reducing barriers and helping the community to delivery against health and wellbeing targets 3. Providing community basketball outreach programmes offering coaching and development in schools and colleges 4. The active promotion of sporting activity and its positive impact on health and wellbeing in the community.

Consultation with stakeholders

The company's stakeholders are residents of the community and surrounding areas. The directors of the company have lived in the community for a number of years and developed the business for the club based on their experience of talking to other residents.

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
29 April 2025

And signed on behalf of the board by:
Name: Gary Thomas
Status: Director