HOUSE OF AKUNNA CREATIVE GROUP C.I.C.

Company limited by guarantee

Company Registration Number:
13024563 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

HOUSE OF AKUNNA CREATIVE GROUP C.I.C.

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

HOUSE OF AKUNNA CREATIVE GROUP C.I.C.

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Principal activities of the company

Principal activity of the company during the financial year was of Activities of exhibition and fair organisers Other education not elsewhere classified



Directors

The directors shown below have held office during the whole of the period from
1 December 2023 to 30 November 2024

ROBERT, Jesslyn Chiamaka
ROBERT, Alexandria


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
13 August 2025

And signed on behalf of the board by:
Name: ROBERT, Jesslyn Chiamaka
Status: Director

HOUSE OF AKUNNA CREATIVE GROUP C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 4,201 6,004
Cost of sales: ( 1,513 ) ( 3,490 )
Gross profit(or loss): 2,688 2,514
Distribution costs: ( 950 )
Administrative expenses: ( 1,738 ) ( 2,514 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

HOUSE OF AKUNNA CREATIVE GROUP C.I.C.

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

HOUSE OF AKUNNA CREATIVE GROUP C.I.C.

Balance sheet statements

For the year ending 30 November 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 13 August 2025
and signed on behalf of the board by:

Name: ROBERT, Jesslyn Chiamaka
Status: Director

The notes form part of these financial statements

HOUSE OF AKUNNA CREATIVE GROUP C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 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 recognized by the company in respect of goods and services supplied during the period exclusive of value added tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided after taking account of any grants receivable at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts. Plant and machinery -15% on cost. Fixtures and fittings - 10% on cost. Motor vehicles - 25% on cost

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortized at rates calculated to write off the assets on a straight line basis over their useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work-in-progress re valued at the lower of cost and net realizable value after making due allowance for obsolete and slow moving items. Costs include direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Assets obtained under hire purchased contracts or finance leases are capitalized in the balance sheet. Those held under hire purchased are depreciated over their useful economic lives. Those held under finance leases are depreciated over their estimated useful lives or the Iease term whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

HOUSE OF AKUNNA CREATIVE GROUP C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

COMMUNITY INTEREST ANNUAL REPORT

HOUSE OF AKUNNA CREATIVE GROUP C.I.C.

Company Number: 13024563 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

-We have given the local community access and opportunity to partake in free skills-based training programs specialising in creative skills and employability training. -We have given the young people from the community a chance to gain what will help with future job prospects and/or better opportunities including education and apprenticeships. -Brought families in the community together for social interactions, helping to make a stronger and more connected community, which results in bonded families and people through shared experiences. -We created opportunities for young people to work with other young people promoting the need for community engagement and reduced isolation especially after the pandemic. -Provided a place of inclusion, bringing together people of different races, religions and cultures. -We provided enjoyable activities that help with both mental and physical health, particularly as we tried to navigate through the aftermath of a pandemic. Offering workshops that improved wellbeing such as slow-stitch, crafting and product making as these hands-on activities encouraged self-confidence, interaction with others and self-development.

Consultation with stakeholders

-The company’s stakeholders are local residents and residents of neighbouring communities that attend House of Akunna Creative Group CIC. -The directors of the company have lived in the London Borough of Haringey their whole lives and developed the business model for the company based on their local knowledge of the area and experience within the creative industry. -Everybody attending the program fills out a questionnaire yearly which have specific questions like age, gender and where they live. This helps to build a profile on the percentage of males/females. Age ranges, ethnicity and percentage of local community attending the program.

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
13 August 2025

And signed on behalf of the board by:
Name: ROBERT, Jesslyn Chiamaka
Status: Director