73 Degree Community Limited Company accounts

COMPANY REGISTRATION NUMBER: 11081207

73 Degree Community Limited

Company Limited by Guarantee

Unaudited Financial Statements

31 March 2025

73 Degree Community Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

The following pages do not form part of the financial statements

Chartered accountants and business advisers report to the director on the preparation of the unaudited statutory financial statements	8

73 Degree Community Limited

Company Limited by Guarantee

Director's Report

Year ended 31 March 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Director

The director who served the company during the year was as follows:

Mr R J Corcoran

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 17 November 2025 and signed on behalf of the board by:

Mr R J Corcoran
Director

Registered office:

73 Ffordd Glyn

Coed Y Glyn

Wrexham

LL13 7QW

73 Degree Community Limited

Company Limited by Guarantee

Statement of Income and Retained Earnings

Year ended 31 March 2025

	2025	2024
Note	£	£
Turnover	–	11,500

Cost of sales	–	9,188
	----	--------
Gross profit	–	2,312

Administrative expenses	2,358	3,892
	-------	-------
Operating loss	( 2,358)	( 1,580)

		-------	-------
Loss before taxation	5	( 2,358)	( 1,580)

Tax on loss	–	–
	-------	-------
Loss for the financial year and total comprehensive income	( 2,358)	( 1,580)
	-------	-------

Retained earnings at the start of the year	5,438	7,018
	-------	-------
Retained earnings at the end of the year	3,080	5,438
	-------	-------

All the activities of the company are from continuing operations.

73 Degree Community Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	2,259	3,011

Current assets

Cash at bank and in hand	2,986	4,482

Creditors: amounts falling due within one year	7	2,165	2,055
		-------	-------
Net current assets		821	2,427
		-------	-------
Total assets less current liabilities		3,080	5,438
		-------	-------
Net assets		3,080	5,438
		-------	-------

Capital and reserves

Profit and loss account	3,080	5,438
	-------	-------
Members funds	3,080	5,438
	-------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 November 2025 , and are signed on behalf of the board by:

Mr R J Corcoran
Director

Company registration number: 11081207

73 Degree Community Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 73 Ffordd Glyn, Coed Y Glyn, Wrexham, LL13 7QW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Grants receivable

Grants are recognised using the accrual model.

Under the accrual model, grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

4. Company limited by guarantee

The liability of the members is restricted to £1, being the amount each member undertakes to contribute to the assets of the company in the event that the company is wound up whilst they are a member, or within one year of ceasing to be a member. In the event of the company being wound up or dissolved, should there remain property after all its debts and liabilities have been satisfied, such property would not be paid or distributed to the members but instead given or transferred to some other non-profit company or companies (whether charitable or not) having activities similar to those of the company at the time of dissolution.

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	752	1,002
	----	-------

6. Tangible assets

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	8,929
	-------
Depreciation
At 1 April 2024	5,918
Charge for the year	752
	-------
At 31 March 2025	6,670
	-------
Carrying amount
At 31 March 2025	2,259
	-------
At 31 March 2024	3,011
	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	2,165	2,055
	-------	-------

8. Director's advances, credits and guarantees

The director operates a current account within the company. The balance at the start of the year was £1,346 (2024 - £1,034) and with net movements in the year of £346 the balance at the year end was £1,692 (2024 - £1,346). No interest has been charged in respect of this loan.

73 Degree Community Limited

Company Limited by Guarantee

Management Information

Year ended 31 March 2025

The following pages do not form part of the financial statements.

73 Degree Community Limited

Company Limited by Guarantee

Chartered Accountants and Business Advisers Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of 73 Degree Community Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 73 Degree Community Limited for the year ended 31 March 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of 73 Degree Community Limited in accordance with the terms of our engagement letter dated 27 August 2024. Our work has been undertaken solely to prepare for your approval the financial statements of 73 Degree Community Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 73 Degree Community Limited and its director for our work or for this report.

It is your duty to ensure that 73 Degree Community Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 73 Degree Community Limited. You consider that 73 Degree Community Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of 73 Degree Community Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

BRUCE ROBERTS & CO LIMITED Chartered Accountants and Business Advisers

Unit 10, Edison Court Ellice Way Wrexham Technology Park Wrexham LL13 7YT

17 November 2025