for the Period Ended 31 May 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 May 2024
Directors
The directors shown below have held office during the whole of the period from
19 May 2023
to
31 May 2024
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 2024 | ||
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£ |
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
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| Other operating income: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | ||
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£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 4 |
(
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| Net current assets (liabilities): |
( |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Provision for liabilities: |
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| Accruals and deferred income: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2024
Basis of measurement and preparation
for the Period Ended 31 May 2024
| 2024 | ||
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 May 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| Additions |
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| At 31 May 2024 |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 31 May 2024 | ||||||
| Net book value | ||||||
| At 31 May 2024 |
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for the Period Ended 31 May 2024
| 2024 | ||
|---|---|---|
| £ | ||
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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The Hangar is a community gym/well being space. We have a physical space that offere general memberships to people in the community. We have many discounts to allow people to have affordable access to both the classes and the open-gym timetable. Alongisde this we run a number of projects from grant funding including working with local schools to provide holiday activities with free lunches. We have also offered specific funded sessions for young people struggling with regular education where they learn a number of basic trades like carpentry, plumbing and electrics. This has all been fully funded through grants. We have also engaged with other community projects and shared resources to offer members other opportunities to engage in physical or wellness activities such as rowing clubs, yoga etc.
The stakeholders are the members, both those who pay the monthly subscription and those who can’t currently afford it. We have multiple social media private channels where we engage with members and coaches on their ideas to improve or facilitate more opportunities.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
15 May 2025
And signed on behalf of the board by:
Name: Paul Maxwell
Status: Director