MERCER'S GYM COMMUNITY PROJECT CIC

Company limited by guarantee

Company Registration Number:
14975450 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 3 July 2023

End date: 31 July 2024

MERCER'S GYM COMMUNITY PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

MERCER'S GYM COMMUNITY PROJECT CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

The principal activities of the company continue to be that of running a local boxing gym which focuses on making physical training accessible to vulnerable minors in the local community.

Additional information

The company, which is a Community Interest Company, is limited by guarantee and does not have share capital. The limit of each member's guarantee is £1.



Directors

The directors shown below have held office during the whole of the period from
3 July 2023 to 31 July 2024

Peter Mercer
Colin Lopez
John Bayliss


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
20 May 2025

And signed on behalf of the board by:
Name: Peter Mercer
Status: Director

MERCER'S GYM COMMUNITY PROJECT CIC

Profit And Loss Account

for the Period Ended 31 July 2024

13 months to 31 July 2024


£
Turnover: 5,605
Cost of sales: ( 3,247 )
Gross profit(or loss): 2,358
Administrative expenses: ( 2,017 )
Operating profit(or loss): 341
Profit(or loss) before tax: 341
Tax: ( 65 )
Profit(or loss) for the financial year: 276

MERCER'S GYM COMMUNITY PROJECT CIC

Balance sheet

As at 31 July 2024

Notes 13 months to 31 July 2024


£
Current assets
Cash at bank and in hand: 3,881
Total current assets: 3,881
Creditors: amounts falling due within one year: 3 ( 3,605 )
Net current assets (liabilities): 276
Total assets less current liabilities: 276
Total net assets (liabilities): 276
Members' funds
Profit and loss account: 276
Total members' funds: 276

The notes form part of these financial statements

MERCER'S GYM COMMUNITY PROJECT CIC

Balance sheet statements

For the year ending 31 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.

This report was approved by the board of directors on 20 May 2025
and signed on behalf of the board by:

Name: Peter Mercer
Status: Director

The notes form part of these financial statements

MERCER'S GYM COMMUNITY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 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

MERCER'S GYM COMMUNITY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    13 months to 31 July 2024
    Average number of employees during the period 0

MERCER'S GYM COMMUNITY PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

13 months to 31 July 2024
£
Trade creditors 500
Taxation and social security 65
Other creditors 3,040
Total 3,605

COMMUNITY INTEREST ANNUAL REPORT

MERCER'S GYM COMMUNITY PROJECT CIC

Company Number: 14975450 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The principal activities of the company continue to be that of running a local boxing gym which focuses on making physical training accessible to vulnerable minors in the local community

Consultation with stakeholders

Consultation is undertaken at weekly and monthly intervals in person and over the telephone with Hampshire Police, Social Services, NHS and Youth Crime Prevention.

Directors' remuneration

Renumeration of £1500 received during the accounting period to 31st July 2024.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 May 2025

And signed on behalf of the board by:
Name: Peter Mercer
Status: Director