TAKEOVER LEICESTER BROADCASTING CIC

Company limited by guarantee

Company Registration Number:
14544689 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

TAKEOVER LEICESTER BROADCASTING CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

TAKEOVER LEICESTER BROADCASTING CIC

Directors' report period ended 31 December 2024

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

Principal activities of the company

The directors present their report with the financial statements of the charity for the year ended 31 December 2024. OBJECTIVES AND ACTIVITIES Objectives and aims Be a radio station providing local content for the people of Leicester. Providing updates on local news and events. Allowing local businesses and local people to be interviewed and put their point across. There will be the option for local businesses and events to advertise on the radio, at prices similar to industry standards, with a discount for more local advertising. The training we can offer to local people will allow them to present on the radio and will help them with their future careers. We have ran without any accreditation to an exam board, however we actively look as to whether we can run a formal qualification. STRUCTURE GOVERNANCE AND MANAGEMENT Governing document Takeover Leicester Broadcasting CIC is a Company Limited by guarantee, governed by its Memorandum and Articles of Association dated 16th December 2022. By concession the Company has been permitted to exclude the word “Limited” from its title. Each member of the Company agrees to contribute up to a maximum of £10 in the event of the Company winding up. At present the members of the Company are: A Whitehead, C Wheatcroft, S Packwood



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Ashley Whitehead
 Clifford Wheatcroft
 Stuart Packwood

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
20 September 2025

And signed on behalf of the board by:
Name: Ashley Whitehead
Status: Director

TAKEOVER LEICESTER BROADCASTING CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 13 months to 31 December 2023


£
£
Turnover: 520 5,186
Cost of sales: 0 0
Gross profit(or loss): 520 5,186
Distribution costs: 0 0
Administrative expenses: ( 900 ) ( 4,950 )
Other operating income: 0 0
Operating profit(or loss): (380) 236
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (380) 236
Tax: 0 0
Profit(or loss) for the financial year: (380) 236

TAKEOVER LEICESTER BROADCASTING CIC

Balance sheet

As at 31 December 2024

Notes 2024 13 months to 31 December 2023


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 236
Investments:   0 0
Total current assets: 0 236
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 0 236
Total assets less current liabilities: 0 236
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: ( 144 ) 0
Total net assets (liabilities): (144) 236
Members' funds
Profit and loss account: (144) 236
Total members' funds: ( 144) 236

The notes form part of these financial statements

TAKEOVER LEICESTER BROADCASTING CIC

Balance sheet statements

For the year ending 31 December 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 20 September 2025
and signed on behalf of the board by:

Name: Ashley Whitehead
Status: Director

The notes form part of these financial statements

TAKEOVER LEICESTER BROADCASTING CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Unrestricted funds can be used in accordance with the companies objectives at the discretion of the directors. Restricted funds can only be used for particular restricted purposes with the objectives of the company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixture and fittings 25% on cost Computer equipment 25% on cost

TAKEOVER LEICESTER BROADCASTING CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 13 months to 31 December 2023
    Average number of employees during the period 0 0

TAKEOVER LEICESTER BROADCASTING CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Financial Commitments

Each member of the Company agrees to contribute up to a maximum of £10 in the event of the Company winding up. At present the members of the Company are: A Whitehead, C Wheatcroft, S Packwood

COMMUNITY INTEREST ANNUAL REPORT

TAKEOVER LEICESTER BROADCASTING CIC

Company Number: 14544689 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

TAKEOVER LEICESTER BROADCASTING CIC RUNS THE ONLINE RADIO STATION “TAKEOVER UK”. WE ALLOW ALL AGES OF PRESENTERS, STARTING FROM AROUND 8 YEARS OLD AND UP – HOWEVER WE MAINLY TARGET FOR YOUNG PEOPLE AS A WAY TO GIVE THEM EXPERIENCE IN THE MEDIA INDUSTRY. OVER THE YEAR, AROUND 100 PEOPLE HAVE BEEN INVOLVED WITH THE STATION, WHETHER THAT BE PRESENTING, PARENTS, YOUNG PEOPLE FROM ACTIVITY GROUPS, SELF-RUN ACTIVITY GROUPS, GROUPS USING OUR PODCASTING SPACE AND MORE. ALL EXPENDITURE HAS BEEN RENT, ANY EQUIPMENT AND TIME ETC HAS ALL BEEN DONATED, WHICH WE ARE VERY GRATEFUL FOR.

Consultation with stakeholders

WE COMPLETED A SURVEY WITH THE LOCAL COMMUNITY TO FIND OUT INFORMATION ABOUT HOW WE COULD TARGET OURSELVES TO THEM. THIS WAS MAINLY TO HELP WITH FUNDING BID WRITING, HOWEVER SHOWS THAT PEOPLE ARE INTERESTED IN WHAT WE DO. REPORT IS ATTACHED. (PERSONAL IDENTIFIERS HAVE BEEN REMOVED)

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
20 September 2025

And signed on behalf of the board by:
Name: Ashley Whitehead
Status: Director