THE HANGAR CIC

Company limited by guarantee

Company Registration Number:
14882473 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 19 May 2023

End date: 31 May 2024

THE HANGAR CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

THE HANGAR CIC

Directors' report period ended 31 May 2024

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

Paul Maxwell
Daniel Lawton
Joseph Howe


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
23 April 2025

And signed on behalf of the board by:
Name: Paul Maxwell
Status: Director

THE HANGAR CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024


£
Turnover: 21,986
Cost of sales: ( 9,657 )
Gross profit(or loss): 12,329
Distribution costs: 0
Administrative expenses: ( 4,573 )
Other operating income: 0
Operating profit(or loss): 7,756
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 7,756
Tax: 0
Profit(or loss) for the financial year: 7,756

THE HANGAR CIC

Balance sheet

As at 31 May 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 19,624
Investments:   0
Total fixed assets: 19,624
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 7,271
Investments:   0
Total current assets: 7,271
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 19,139 )
Net current assets (liabilities): (11,868)
Total assets less current liabilities: 7,756
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 7,756
Members' funds
Profit and loss account: 7,756
Total members' funds: 7,756

The notes form part of these financial statements

THE HANGAR CIC

Balance sheet statements

For the year ending 31 May 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 23 April 2025
and signed on behalf of the board by:

Name: Paul Maxwell
Status: Director

The notes form part of these financial statements

THE HANGAR CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

THE HANGAR CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024
    Average number of employees during the period 3

THE HANGAR CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 19,624 19,624
Disposals
Revaluations
Transfers
At 31 May 2024 19,624 19,624
Depreciation
Charge for year
On disposals
Other adjustments
At 31 May 2024
Net book value
At 31 May 2024 19,624 19,624

THE HANGAR CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 0
Other creditors 19,139
Total 19,139

COMMUNITY INTEREST ANNUAL REPORT

THE HANGAR CIC

Company Number: 14882473 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

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.

Consultation with stakeholders

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.

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
15 May 2025

And signed on behalf of the board by:
Name: Paul Maxwell
Status: Director