SHARKS BASKETBALL TRUST C.I.C.

Company limited by guarantee

Company Registration Number:
08304459 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 1 March 2024

End date: 28 February 2025

SHARKS BASKETBALL TRUST C.I.C.

Contents of the Financial Statements

for the Period Ended 28 February 2025

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

SHARKS BASKETBALL TRUST C.I.C.

Profit And Loss Account

for the Period Ended 28 February 2025

2025 2024


£

£
Turnover: 119,953 114,038
Cost of sales: ( 60,656 ) ( 2,226 )
Gross profit(or loss): 59,297 111,812
Administrative expenses: ( 147,788 ) ( 114,179 )
Operating profit(or loss): (88,491) (2,367)
Interest receivable and similar income: 88,700
Profit(or loss) before tax: 209 (2,367)
Profit(or loss) for the financial year: 209 (2,367)

SHARKS BASKETBALL TRUST C.I.C.

Balance sheet

As at 28 February 2025

Notes 2025 2024


£

£
Current assets
Debtors: 3 134,648
Cash at bank and in hand: 289 891
Total current assets: 134,937 891
Creditors: amounts falling due within one year: 4 ( 146,404 ) ( 12,567 )
Net current assets (liabilities): (11,467) (11,676)
Total assets less current liabilities: (11,467) ( 11,676)
Total net assets (liabilities): (11,467) (11,676)
Members' funds
Profit and loss account: (11,467) ( 11,676)
Total members' funds: ( 11,467) (11,676)

The notes form part of these financial statements

SHARKS BASKETBALL TRUST C.I.C.

Balance sheet statements

For the year ending 28 February 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 30 November 2025
and signed on behalf of the board by:

Name: S Backovic
Status: Director

The notes form part of these financial statements

SHARKS BASKETBALL TRUST C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 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

SHARKS BASKETBALL TRUST C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 9 8

SHARKS BASKETBALL TRUST C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2025

3. Debtors

2025 2024
£ £
Other debtors 134,648
Total 134,648

SHARKS BASKETBALL TRUST C.I.C.

Notes to the Financial Statements

for the Period Ended 28 February 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Other creditors 146,404 12,567
Total 146,404 12,567

COMMUNITY INTEREST ANNUAL REPORT

SHARKS BASKETBALL TRUST C.I.C.

Company Number: 08304459 (England and Wales)

Year Ending: 28 February 2025

Company activities and impact

During the financial year, our basketball activity program has positively impacted the local community in several ways. By providing regular basketball sessions for children, we have encouraged physical activity, improved confidence, and supported healthy lifestyles. Our coaches have helped children build important skills such as teamwork, discipline, and communication through structured learning and play. We have also created a safe and inclusive environment where young people can stay engaged after school, reducing inactivity and offering a positive alternative to screen time. In addition, our programs have helped families by offering affordable, accessible activities within the community. Overall, our work has contributed to the wellbeing, development, and social connection of children and their families throughout the year.

Consultation with stakeholders

No consultation with stakeholders

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
30 November 2025

And signed on behalf of the board by:
Name: S Backovic
Status: Director