PEACE OUT PADDLING CIC

Company limited by guarantee

Company Registration Number:
13685904 (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

PEACE OUT PADDLING CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

PEACE OUT PADDLING CIC

Directors' report period ended 31 October 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 November 2023 to 31 October 2024

Mr Jaimie Walshe
Mr Clive Price
Ms Hannah Gooding
Mr Joseph Griffiths


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
25 July 2025

And signed on behalf of the board by:
Name: Mr Jaimie Walshe
Status: Director

PEACE OUT PADDLING CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 12,348
Cost of sales: ( 2,334 )
Gross profit(or loss): 10,014
Administrative expenses: ( 2,229 ) ( 5,293 )
Operating profit(or loss): (2,229) 4,721
Profit(or loss) before tax: (2,229) 4,721
Profit(or loss) for the financial year: (2,229) 4,721

PEACE OUT PADDLING CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 4,873 6,091
Total fixed assets: 4,873 6,091
Current assets
Stocks: 4 96 96
Cash at bank and in hand: 24 32
Total current assets: 120 128
Creditors: amounts falling due within one year: 5 ( 1,536 ) ( 533 )
Net current assets (liabilities): (1,416) (405)
Total assets less current liabilities: 3,457 5,686
Total net assets (liabilities): 3,457 5,686
Members' funds
Profit and loss account: 3,457 5,686
Total members' funds: 3,457 5,686

The notes form part of these financial statements

PEACE OUT PADDLING 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 25 July 2025
and signed on behalf of the board by:

Name: Mr Jaimie Walshe
Status: Director

The notes form part of these financial statements

PEACE OUT PADDLING 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

    Turnover policy

    Income is usually derived from the receipt of grants and funding as well as donations and the sale of branded merchandise. For the year ending 31 October 2024, Peace Out Paddling CIC received no grants or donations and made no sales of branded merchandise.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 20% Reducing Balance Computer Equipment 20% Reducing Balance

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Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

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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 4,831 2,807 7,638
Additions
Disposals
Revaluations
Transfers
At 31 October 2024 4,831 2,807 7,638
Depreciation
At 1 November 2023 990 557 1,547
Charge for year 768 450 1,218
On disposals
Other adjustments
At 31 October 2024 1,758 1,007 2,765
Net book value
At 31 October 2024 3,073 1,800 4,873
At 31 October 2023 3,841 2,250 6,091

PEACE OUT PADDLING CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Stocks

2024 2023
£ £
Stocks 96 96
Total 96 96

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Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 899 433
Other creditors 637 100
Total 1,536 533

COMMUNITY INTEREST ANNUAL REPORT

PEACE OUT PADDLING CIC

Company Number: 13685904 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The company's activities include the provision of water sport sessions to local people from various marginalised groups free at the point of use. The sessions benefit the community by creating and connecting network and support groups for different marginalised groups including the LGBTQ+ community, military veterans, alcohol and substance abuse addicts, refugees, and other vulnerable local people.

Consultation with stakeholders

The company's stakeholders are its four directors. The company holds an annual general meeting to plan the CIC's operations. There has been no additional consultation.

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
25 July 2025

And signed on behalf of the board by:
Name: Mr Jaimie Walshe
Status: Director