REDS COMMUNITY HUB CIC

Company limited by guarantee

Company Registration Number:
NI653370 (Northern Ireland)

Unaudited statutory accounts for the year ended 29 May 2024

Period of accounts

Start date: 1 June 2023

End date: 29 May 2024

REDS COMMUNITY HUB CIC

Contents of the Financial Statements

for the Period Ended 29 May 2024

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

REDS COMMUNITY HUB CIC

Directors' report period ended 29 May 2024

The directors present their report with the financial statements of the company for the period ended 29 May 2024

Principal activities of the company

The principal activity of the company continued to be that of cultural education.



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 29 May 2024

Mr G Clarke
Mr D.F. Robinson


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
19 August 2025

And signed on behalf of the board by:
Name: Mr G Clarke
Status: Director

REDS COMMUNITY HUB CIC

Profit And Loss Account

for the Period Ended 29 May 2024

2024 2023


£

£
Turnover: 62,427 81,886
Cost of sales: ( 7,250 ) ( 18,384 )
Gross profit(or loss): 55,177 63,502
Administrative expenses: ( 58,506 ) ( 67,399 )
Operating profit(or loss): (3,329) (3,897)
Interest payable and similar charges: ( 260 ) ( 64 )
Profit(or loss) before tax: (3,589) (3,961)
Profit(or loss) for the financial year: (3,589) (3,961)

REDS COMMUNITY HUB CIC

Balance sheet

As at 29 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 40,548 47,703
Total fixed assets: 40,548 47,703
Current assets
Cash at bank and in hand: 1,538 726
Total current assets: 1,538 726
Creditors: amounts falling due within one year: 4 ( 30,152 ) ( 28,906 )
Net current assets (liabilities): (28,614) (28,180)
Total assets less current liabilities: 11,934 19,523
Creditors: amounts falling due after more than one year: 5 ( 4,000 ) ( 8,000 )
Total net assets (liabilities): 7,934 11,523
Members' funds
Profit and loss account: 7,934 11,523
Total members' funds: 7,934 11,523

The notes form part of these financial statements

REDS COMMUNITY HUB CIC

Balance sheet statements

For the year ending 29 May 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 19 August 2025
and signed on behalf of the board by:

Name: Mr G Clarke
Status: Director

The notes form part of these financial statements

REDS COMMUNITY HUB CIC

Notes to the Financial Statements

for the Period Ended 29 May 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

    Turnover is recognised at the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment - 20% reducing balance.

REDS COMMUNITY HUB CIC

Notes to the Financial Statements

for the Period Ended 29 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

REDS COMMUNITY HUB CIC

Notes to the Financial Statements

for the Period Ended 29 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 85,505 85,505
Additions
Disposals
Revaluations
Transfers
At 29 May 2024 85,505 85,505
Depreciation
At 1 June 2023 37,802 37,802
Charge for year 7,155 7,155
On disposals
Other adjustments
At 29 May 2024 44,957 44,957
Net book value
At 29 May 2024 40,548 40,548
At 31 May 2023 47,703 47,703

REDS COMMUNITY HUB CIC

Notes to the Financial Statements

for the Period Ended 29 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 4,000 4,000
Accruals and deferred income 11,520 10,320
Other creditors 14,632 14,586
Total 30,152 28,906

REDS COMMUNITY HUB CIC

Notes to the Financial Statements

for the Period Ended 29 May 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 4,000 8,000
Total 4,000 8,000

COMMUNITY INTEREST ANNUAL REPORT

REDS COMMUNITY HUB CIC

Company Number: NI653370 (Northern Ireland)

Year Ending: 29 May 2024

Company activities and impact

The company runs a local sports club. During the year, the club's activities have benefitted the community in the following ways: the local community have been able to participate in cross community activities. Donations have been made to local charities and associations.

Consultation with stakeholders

No consultation with stakeholders

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
19 August 2025

And signed on behalf of the board by:
Name: Mr G Clarke
Status: Director