PREVAIL SKATEHOUSE C.I.C.

Company Registration Number:
08296122 (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

PREVAIL SKATEHOUSE C.I.C.

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

PREVAIL SKATEHOUSE C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2024

2024 2023


£

£
Turnover: 347,310 241,261
Cost of sales: ( 61,100 ) ( 33,692 )
Gross profit(or loss): 286,210 207,569
Administrative expenses: ( 282,189 ) ( 195,140 )
Other operating income: 250 3,417
Operating profit(or loss): 4,271 15,846
Profit(or loss) before tax: 4,271 15,846
Tax: ( 1,901 ) ( 3,911 )
Profit(or loss) for the financial year: 2,370 11,935

PREVAIL SKATEHOUSE C.I.C.

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 30,101 20,316
Total fixed assets: 30,101 20,316
Current assets
Stocks: 4 1,150 1,150
Debtors: 5 21,620 66,719
Cash at bank and in hand: 12,478 9,708
Total current assets: 35,248 77,577
Prepayments and accrued income: 21,635 21,635
Creditors: amounts falling due within one year: 6 ( 47,824 ) ( 77,081 )
Net current assets (liabilities): 9,059 22,131
Total assets less current liabilities: 39,160 42,447
Creditors: amounts falling due after more than one year: 7 ( 7,917 ) ( 12,917 )
Provision for liabilities: ( 6,551 ) ( 7,058 )
Accruals and deferred income: ( 350 ) ( 500 )
Total net assets (liabilities): 24,342 21,972
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 24,242 21,872
Total Shareholders' funds: 24,342 21,972

The notes form part of these financial statements

PREVAIL SKATEHOUSE 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 22 August 2025
and signed on behalf of the board by:

Name: A Hill
Status: Director

The notes form part of these financial statements

PREVAIL SKATEHOUSE 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

PREVAIL SKATEHOUSE 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 6 3

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2023 28,469 98,187 23,007 3,804 153,467
Additions 933 10,983 3,206 1,917 17,039
Disposals
Revaluations
Transfers
At 30 November 2024 29,402 109,170 26,213 5,721 170,506
Depreciation
At 1 December 2023 19,320 90,807 20,272 2,752 133,151
Charge for year 1,001 4,362 1,355 536 7,254
On disposals
Other adjustments
At 30 November 2024 20,321 95,169 21,627 3,288 140,405
Net book value
At 30 November 2024 9,081 14,001 4,586 2,433 30,101
At 30 November 2023 9,149 7,380 2,735 1,052 20,316

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Stocks

2024 2023
£ £
Stocks 1,150 1,150
Total 1,150 1,150

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

5. Debtors

2024 2023
£ £
Other debtors 21,620 66,719
Total 21,620 66,719

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 6,068 5,333
Other creditors 41,756 71,748
Total 47,824 77,081

PREVAIL SKATEHOUSE C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2024

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

2024 2023
£ £
Bank loans and overdrafts 7,917 12,917
Total 7,917 12,917

COMMUNITY INTEREST ANNUAL REPORT

PREVAIL SKATEHOUSE C.I.C.

Company Number: 08296122 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. Prevail Skatehouse CIC operates an indoor and outdoor skatepark facility which consists of a purpose-built series of ramps and jumps. The facility provides the opportunity for both children and adults to ride and practice tricks on skateboards, BMX bikes and scooters in a safe environment. As well as being great fun and a healthy form of exercise, riders and learn new skills and perhaps discover a talent in a what is now an Olympic sport. The local community benefits in a number of ways. Firstly by having a leisure facility offering healthy exercise and a place for social interaction. It is also utilized by schools as an after-school club. The facility can also have a positive impact on mental health, particularly for children. It is a safe environment for children to spend time at, getting exercise and learning skills. It can also just be a safe place for children from troubled backgrounds to escape for a while from the stresses of their lives at home. During the past year, the skatepark has added a junior facility for the benefit of younger children to enjoy the sport safely.

Consultation with stakeholders

The stakeholders are in the main, the customers and users of the skatepark. Consultation and feedback is obtained through asking customers to provide reviews and ratings through social media outlets popular with the customers. This feedback is always read, reviewed and responses given when appropriate. The feedback has been overwhelmingly positive.

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
22 August 2025

And signed on behalf of the board by:
Name: A Hill
Status: Director