KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
07926511 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Directors' report period ended 31 December 2024

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

Principal activities of the company

The principal activity of the company during the period was the rental of market stall pitches

Political and charitable donations

Charitable donations made during the period amounted to £9,342. No donations were made during the period to political parties.

Additional information

This report has been prepared in accordance with the special provisions contained in Part 15 of the Companies Act 2006



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

R Backhouse
C Campanale
M S Chapman
A Conneally
L del Vecchio
J S Fowler
M Ibrahim
S R Levi
S J Millar


The director shown below has held office during the period of
1 January 2024 to 26 June 2024

J M S Becker


The director shown below has held office during the period of
26 June 2024 to 31 December 2024

L J Thornback


Secretary S R Levi

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
29 April 2025

And signed on behalf of the board by:
Name: S R Levi
Status: Secretary

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 34,541 30,327
Cost of sales: ( 16,773 ) ( 14,366 )
Gross profit(or loss): 17,768 15,961
Distribution costs: ( 9,342 ) ( 9,035 )
Administrative expenses: ( 8,426 ) ( 6,926 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 127 254
Total fixed assets: 127 254
Current assets
Stocks: 4 278 277
Debtors: 5 2,313 2,226
Cash at bank and in hand: 11,978 8,894
Total current assets: 14,569 11,397
Prepayments and accrued income: 236 206
Creditors: amounts falling due within one year: 6 ( 1,212 ) ( 2,017 )
Net current assets (liabilities): 13,593 9,586
Total assets less current liabilities: 13,720 9,840
Accruals and deferred income: ( 10,981 ) ( 7,101 )
Total net assets (liabilities): 2,739 2,739
Members' funds
Profit and loss account: 2,739 2,739
Total members' funds: 2,739 2,739

The notes form part of these financial statements

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 December 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 29 April 2025
and signed on behalf of the board by:

Name: S R Levi
Status: Director

The notes form part of these financial statements

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 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

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Tangible fixed assets with a value of £350 are capitalised. Depreciation is calculated so as to write off the cost of the asset, less any residual value, over its economic life. Market equipment is depreciated on a straight-line basis over three years.

    Valuation information and policy

    Stocks are values at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost is calculated using the Last In Last Out (LILO) method and includes all direct expenditure.

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 1,253 1,253
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 1,253 1,253
Depreciation
At 1 January 2024 999 999
Charge for year 127 127
On disposals
Other adjustments
At 31 December 2024 1,126 1,126
Net book value
At 31 December 2024 127 127
At 31 December 2023 254 254

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Stocks

2024 2023
£ £
Stocks 278 277
Total 278 277

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
£ £
Trade debtors 2,313 2,226
Total 2,313 2,226

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,212 2,017
Total 1,212 2,017

COMMUNITY INTEREST ANNUAL REPORT

KEW VILLAGE MARKET COMMUNITY INTEREST COMPANY

Company Number: 07926511 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

Kew Village Market is a local monthly market run by the community for the benefit of the community. The community is defined as residents and organisations based in Kew and the surrounding areas. The principal activities of the CIC are to run and manage the market and to raise funds through the rental of market stall pitches and from sundry sales from the market's own stall. Profits are donated to local charities and community groups, for specific projects and activities, during the period.

Consultation with stakeholders

Members and volunteers meet on a regular basis to manage activities and address any issues that arise. The public are invited to give feedback, get involved, and raise any concerns through the Kew Village Market website or in person at the monthly markets. Marketing materials are produced regularly and all key information is made available on the Kew Village Market website at: www.kewvillagemarket.org

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: Sylvia Levi
Status: Director