LONDON KNIGHTS BASKETBALL CLUB CIC

Company limited by guarantee

Company Registration Number:
15419387 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 17 January 2024

End date: 31 January 2025

LONDON KNIGHTS BASKETBALL CLUB CIC

Contents of the Financial Statements

for the Period Ended 31 January 2025

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

LONDON KNIGHTS BASKETBALL CLUB CIC

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal activities of the company

The company is an inclusive basketball club. The directors are satisfied with the results for the year, and positive about the future prospects of the company following its first year as a registered community interest company.



Directors

The directors shown below have held office during the whole of the period from
17 January 2024 to 31 January 2025

Nicholas James Brown
Carl Jamal Ntifo


The director shown below has held office during the period of
17 January 2024 to 6 October 2024

Matthew LACHICOREE


The directors shown below have held office during the period of
6 October 2024 to 31 January 2025

Enrique CARCELLER MORA
Ewilson Rodrigues Marques De ALVA


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
14 October 2025

And signed on behalf of the board by:
Name: Nicholas James Brown
Status: Director

LONDON KNIGHTS BASKETBALL CLUB CIC

Profit And Loss Account

for the Period Ended 31 January 2025

12 months to 31 January 2025


£
Turnover: 19,518
Cost of sales: ( 10,955 )
Gross profit(or loss): 8,563
Distribution costs: 0
Administrative expenses: ( 14,457 )
Other operating income: 0
Operating profit(or loss): (5,894)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (5,894)
Tax: 0
Profit(or loss) for the financial year: (5,894)

LONDON KNIGHTS BASKETBALL CLUB CIC

Balance sheet

As at 31 January 2025

Notes 12 months to 31 January 2025


£
Current assets
Debtors: 3 150
Cash at bank and in hand: 2,577
Total current assets: 2,727
Creditors: amounts falling due within one year: 4 ( 2,392 )
Net current assets (liabilities): 335
Total assets less current liabilities: 335
Total net assets (liabilities): 335
Members' funds
Profit and loss account: 335
Total members' funds: 335

The notes form part of these financial statements

LONDON KNIGHTS BASKETBALL CLUB CIC

Balance sheet statements

For the year ending 31 January 2025 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 14 October 2025
and signed on behalf of the board by:

Name: Nicholas James Brown
Status: Director

The notes form part of these financial statements

LONDON KNIGHTS BASKETBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 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

    Revenue comprises members’ subscriptions and other income received in the ordinary course of the club’s activities. Membership fees are recognised as income over the period to which they relate. Amounts received in advance of the relevant period are deferred and included in creditors as deferred income. Other income (e.g. match fees, sponsorship, fundraising) is recognised when the club becomes entitled to the income, collection is probable, and the amount can be measured reliably.

LONDON KNIGHTS BASKETBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    12 months to 31 January 2025
    Average number of employees during the period 0

LONDON KNIGHTS BASKETBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Debtors

12 months to 31 January 2025
£
Prepayments and accrued income 150
Total 150

LONDON KNIGHTS BASKETBALL CLUB CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Creditors: amounts falling due within one year note

12 months to 31 January 2025
£
Accruals and deferred income 2,392
Total 2,392

COMMUNITY INTEREST ANNUAL REPORT

LONDON KNIGHTS BASKETBALL CLUB CIC

Company Number: 15419387 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

During the year the club has continued to provide accessible and inclusive basketball opportunities for the local community. We run regular sessions for both beginners and intermediate players, ensuring that those new to the sport can develop their skills in a welcoming environment while more experienced members are also supported to progress. As an LGBT-inclusive club, we actively promote diversity, equality and respect, creating a safe space for people of all backgrounds to enjoy sport and social connection. Through our activities we help to reduce barriers to participation in basketball, encourage healthy lifestyles, and foster a strong sense of community and belonging among our members.

Consultation with stakeholders

Our stakeholders include club members (players across all levels), volunteers, coaches, LGBTQ+ community organisations and the wider community we engage with through events and tournaments. We regularly consult with stakeholders through member meetings, informal discussions, and feedback from players and volunteers. We also listen to requests raised at training sessions and via our communication channels. In response to increased demand from members, we launched a new beginner session to make basketball more accessible for newcomers. Following requests from members and partner organisations, we hosted our first international tournament to provide greater opportunities for competition and community building. Stakeholders expressed a strong desire to participate in Pride events, so we dedicated budget and resources to march at Pride, ensuring visibility and representation for LGBTQ+ athletes. Members indicated a wish to grow the competitive side of the club, so we entered two teams into a competitive league to create more pathways for advanced play.

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
14 October 2025

And signed on behalf of the board by:
Name: Nicholas James Brown
Status: Director