for the Period Ended 31 March 2025
| 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 March 2025
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 April 2024
to
31 March 2025
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
| 2025 | 2024 | |
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£ |
£ |
| Turnover: |
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| Cost of sales: |
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(
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| Gross profit(or loss): |
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| Distribution costs: |
(
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(
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| Administrative expenses: |
(
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(
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| Other operating income: |
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| Operating profit(or loss): |
( |
( |
| Profit(or loss) before tax: |
( |
( |
| Profit(or loss) for the financial year: |
( |
( |
As at
| Notes | 2025 | 2024 | |
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£ |
£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: | 3 |
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| Debtors: | 4 |
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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: | 5 |
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(
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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 March 2025
Basis of measurement and preparation
for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Stocks |
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| Payments on account |
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| Total |
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for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 31 March 2025
| 2025 | 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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Hitorically the principle activity of the Diss Community Team has been to support the commercial activity of the 'high street' by organising events to bring people to the town and latterly to encourage start up and growing businesses. This has been done by taking short term leases on empty shops and offering space to these businesses on very genrous terms. This not only benefits the businesses but provides incentives for people to visit Diss. The charity, The Diss Heritage Triangle Trust CIO, had similar objectives to the Team and both boards and members decided the town would be better served if the two bodies 'combined'. During the year, the assets, liabilities and obligations of the Team were passed to the Trust and its trading subsidiary, Bees of Diss Ltd, and the activities of the Team became restricted to wrapping up its business. The Trust continues the work of the Team successfully.
The stakeholders were Members of the Company, the Town Council and independent traders. Bimonthly meetings had been held as a general forum about activities in Diss and the 'merger' with The Diss Heritage Triangle CIO was discussed at several meetings and was agreed to be a sensible and practical move.
No remuneration was received
Both the Diss Community Team CIC and Diss Heritage Triangle Trust CIO were asset locked companies. The stock, trade debtors and trade liabilities of the Team were bought/ accepted by Bees of Diss Ltd, the trading subsidiary of the Trust, at book value/ cost with appropriate and full payment. From 31 March 2024 the trading activities of the Team was transferred to Bees. From 1 August 2024, the Trust took on the lease of No 8 Market Place, Diss, and the obligations of the Team, by taking responsibility for the lease and the contracts for services. Any appropriate debtors or creditors were transferred from the Team to the Trust with appropriate and full payment. The Team then transferred £7,250 to the Trust under an asset locked transfer leaving the Team with a small cash balance to cope with possible liabilities.
This report was approved by the board of directors on
30 May 2025
And signed on behalf of the board by:
Name: Alan Franks
Status: Director