UDAMON CIC

Company Registration Number:
12956282 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

UDAMON CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

UDAMON CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 81,972 68,760
Cost of sales: ( 900 ) ( 2,074 )
Gross profit(or loss): 81,072 66,686
Administrative expenses: ( 88,877 ) ( 49,193 )
Operating profit(or loss): (7,805) 17,493
Interest payable and similar charges: ( 11 )
Profit(or loss) before tax: (7,816) 17,493
Tax: 1,171 ( 2,049 )
Profit(or loss) for the financial year: (6,645) 15,444

UDAMON CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 5,693 7,343
Total fixed assets: 5,693 7,343
Current assets
Debtors: 4 6,000
Cash at bank and in hand: 1,905 16,331
Total current assets: 7,905 16,331
Creditors: amounts falling due within one year: 5 ( 3,306 ) ( 6,501 )
Net current assets (liabilities): 4,599 9,830
Total assets less current liabilities: 10,292 17,173
Accruals and deferred income: ( 600 ) ( 836 )
Total net assets (liabilities): 9,692 16,337
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 9,691 16,336
Total Shareholders' funds: 9,692 16,337

The notes form part of these financial statements

UDAMON CIC

Balance sheet statements

For the year ending 31 October 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 28 July 2025
and signed on behalf of the board by:

Name: Henry Langdon
Status: Director

The notes form part of these financial statements

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their useful economic lives: Plant & Machinery: 5 years straight line Fixtures & Fittings: 5 years straight line Office Equipment: 3 years straight line

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 4,033 395 4,488 8,916
Additions 879 879
Disposals
Revaluations
Transfers
At 31 October 2024 4,033 1,274 4,488 9,795
Depreciation
At 1 November 2023 322 13 1,238 1,573
Charge for year 807 226 1,496 2,529
On disposals
Other adjustments
At 31 October 2024 1,129 239 2,734 4,102
Net book value
At 31 October 2024 2,904 1,035 1,754 5,693
At 31 October 2023 3,711 382 3,250 7,343

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Trade debtors 6,000
Total 6,000

UDAMON CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 346
Taxation and social security 1,658 5,438
Other creditors 1,302 1,063
Total 3,306 6,501

COMMUNITY INTEREST ANNUAL REPORT

UDAMON CIC

Company Number: 12956282 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

Udamon is a learning design company focused on transforming early careers and leadership development by replacing traditional, top-down training with interactive, human-centred learning experiences. Over the financial year, Udamon has delivered high-impact programmes that equip young and emerging talent,particularly from underrepresented backgrounds, with the soft and meta skills needed to thrive in the modern workforce. Key projects included: - A hybrid development programme for interns at Ares Management, improving self-awareness, adaptability, and motivation among diverse early finance talent. - A curriculum-integrated professional development programme at the University of East London (UEL), connecting students with real employer insight from NHS, Siemens, and others. - A series of immersive job simulations (‘GradSims’) created for organisations including PwC and Lidl, helping graduates build job-relevant skills and realistic career expectations. Udamon’s work contributes to a more equitable and accessible future of work by strengthening readiness, confidence, and belonging among early-career individuals, while also supporting employers to nurture more inclusive, high-performing teams.

Consultation with stakeholders

Udamon’s stakeholders include: - Early career learners and graduates - University partners and educators - Employers and industry professionals - Learning & development and HR teams Stakeholder consultation is embedded into Udamon’s approach through structured feedback loops. After every programme or simulation, learners complete reflective feedback surveys. These responses inform ongoing improvements in content and delivery. For instance, following feedback from Ares interns, modules were further tailored to include more practical application of leadership and communication skills. Similarly, university and employer stakeholders (e.g. UEL, GTI, NHS) are consulted during co-design phases through workshops and review sessions to ensure the learning tools align with both educational and workforce needs. Feedback is used to refine programme scope, structure, and learner outcomes.

Directors' remuneration

The appointed director received a salary during the year in reflection of his contribution to the company. The total received was £47,101.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 July 2025

And signed on behalf of the board by:
Name: Henry Langdon
Status: Director