UP-GRADE MARTIAL ARTS CIC

Company limited by guarantee

Company Registration Number:
13764496 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 1 December 2023

End date: 30 November 2024

UP-GRADE MARTIAL ARTS CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

UP-GRADE MARTIAL ARTS CIC

Balance sheet

As at 30 November 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 7,228 7,228
Cash at bank and in hand: 417 720
Total current assets: 7,645 7,948
Creditors: amounts falling due within one year: 4 ( 7,473 ) ( 4,217 )
Net current assets (liabilities): 172 3,731
Total assets less current liabilities: 172 3,731
Total net assets (liabilities): 172 3,731
Members' funds
Profit and loss account: 172 3,731
Total members' funds: 172 3,731

The notes form part of these financial statements

UP-GRADE MARTIAL ARTS CIC

Balance sheet statements

For the year ending 30 November 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 11 November 2025
and signed on behalf of the board by:

Name: Sarah Barfoot
Status: Director

The notes form part of these financial statements

UP-GRADE MARTIAL ARTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 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

    Other accounting policies

    Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

UP-GRADE MARTIAL ARTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

UP-GRADE MARTIAL ARTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Debtors

2024 2023
£ £
Other debtors 7,228 7,228
Total 7,228 7,228

UP-GRADE MARTIAL ARTS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 875 875
Accruals and deferred income 1,993 1,518
Other creditors 4,605 1,824
Total 7,473 4,217

COMMUNITY INTEREST ANNUAL REPORT

UP-GRADE MARTIAL ARTS CIC

Company Number: 13764496 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

Up-Grade Martial Arts CIC is proud to have been a positive force in our community, not only by promoting the physical and mental benefits of martial arts but also by fostering a strong sense of unity and shared purpose among its members. The company operates a martial arts training centre with a strong focus on promoting and teaching various forms of martial arts. It commenced its operations in November 2021. Throughout the fiscal year 2023-2024, The company has significantly contributed to the community in the following ways: Accessibility for Local Residents: The centre has made martial arts training accessible to residents, including those without access to private transportation and individuals with mobility challenges. This has enabled them to participate in physical fitness and self-defence programs within the community, enhancing their overall well-being. Employment Opportunities: The company has created employment opportunities for residents, contributing to the local job market. Support for Local Instructors: The company has collaborated with instructors, giving them the platform to share their expertise and teach various martial arts disciplines to a broader audience. This collaboration has helped instructors who may not have had access to larger teaching platforms. Community Fitness and Well-Being: The centre has played a crucial role in promoting physical fitness, discipline, and self-confidence among community members, offering training for individuals of all ages and skill levels. Enriching the Local Culture: By offering a variety of martial arts programs, The company has added new dimension to cultural diversity, allowing residents to engage in traditional and contemporary martial arts practices.

Consultation with stakeholders

The company's key stakeholders comprise the local residents, as well as visitors, and local producers of food and beverages in the nearby region. The company's directors have established deep roots having been long-time residents themselves. The business model for the shop was developed based on their extensive interactions with other residents within the community. To better understand the unique needs and preferences of our local consumers, we have introduced a brief questionnaire for first-time shoppers. This valuable feedback mechanism has allowed us to construct a comprehensive profile of the shopping habits of residents in the area. Our research has shed light on specific demographics within the community with limited or no access to private transportation, as well as residents with impaired mobility.

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
17 November 2025

And signed on behalf of the board by:
Name: Sarah Barfoot
Status: Director