MARKETS N22 C.I.C.

Company Registration Number:
11610520 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

MARKETS N22 C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

MARKETS N22 C.I.C.

Directors' report period ended 31 October 2024

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

Directors

The director shown below has held office during the whole of the period from
1 November 2023 to 31 October 2024

L V Whitehead

The director shown below has held office during the period of
1 November 2023 to 25 March 2024

T D Browne (resigned on 25.03.2024)

The directors shown below have held office during the period of
21 October 2024 to 31 October 2024

E C Swift (appointed on 21.10.2024)
 E Eleftheriadou (appointed on 21.10.2024)
 M R Clark (appointed on 21.10.2024)

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
10 October 2025

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

MARKETS N22 C.I.C.

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£
£
Turnover: 42,254 51,177
Cost of sales: ( 1,556 ) ( 3,790 )
Gross profit(or loss): 40,698 47,387
Distribution costs: 0 0
Administrative expenses: ( 46,208 ) ( 32,961 )
Other operating income: 8 0
Operating profit(or loss): (5,502) 14,426
Profit(or loss) before tax: (5,502) 14,426
Tax: 1,017 ( 1,242 )
Profit(or loss) for the financial year: (4,485) 13,184

MARKETS N22 C.I.C.

Balance sheet

As at 31 October 2024

Notes 2024 2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 1,475 12,395
Cash at bank and in hand: 5,011 200
Investments:   0 0
Total current assets: 6,486 12,595
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 6,704 ) ( 1,877 )
Net current assets (liabilities): (218) 10,718
Total assets less current liabilities: (218) 10,718
Creditors: amounts falling due after more than one year: 5 ( 1,645 ) ( 8,117 )
Provision for liabilities: 0 0
Accruals and deferred income: ( 771 ) ( 750 )
Total net assets (liabilities): (2,634) 1,851
Capital and reserves
Called up share capital: 5 5
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (2,639 ) 1,846
Total Shareholders' funds: ( 2,634 ) 1,851

The notes form part of these financial statements

MARKETS N22 C.I.C.

Balance sheet statements

For the year ending 31 October 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 10 October 2025
and signed on behalf of the board by:

Name: L V Whitehead
Status: Director

The notes form part of these financial statements

MARKETS N22 C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

MARKETS N22 C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

MARKETS N22 C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Debtors

2024 2023
£ £
Trade debtors 1,475 12,395
Prepayments and accrued income 0 0
Other debtors 0 0
Total 1,475 12,395
Debtors due after more than one year: 0 0

MARKETS N22 C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 388 1,877
Accruals and deferred income 0 0
Other creditors 6,316 0
Total 6,704 1,877

MARKETS N22 C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

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

2024 2023
£ £
Bank loans and overdrafts 1,645 2,655
Other creditors 0 5,462
Total 1,645 8,117

COMMUNITY INTEREST ANNUAL REPORT

MARKETS N22 C.I.C.

Company Number: 11610520 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

For the CIC filing, the companies activities have benefited the community as we have provided around 25 market events in the local community to enable the community to: - socialise, convene, reduce isolation, make new friends. - purchase products not usually found on the hight street. - develop businesses, increase entrepreneurship, trial products, launch new business. - regenerate Myddleton Road. This year we have seen one more business open a permanent establishment on Myddleton Road who was originally introduced via being a market trader. Helping to regenerate the road s exactly the core mission of the market.

Consultation with stakeholders

We have met regularly with directors, council officers, ward councillors and members of the community to help direct the company and engage with community

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £14,699.00. There were no other transaction or arrangements in connection with the remuneration of directors which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 October 2025

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