for the Period Ended 31 March 2025
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Community Interest Report |
for the Period Ended
| 2025 | ||
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£ |
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
(
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| Other operating income: |
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| Operating profit(or loss): |
( |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
( |
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| Tax: |
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| Profit(or loss) for the financial year: |
( |
As at
| Notes | 2025 | ||
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£ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Provision for liabilities: |
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| Accruals and deferred income: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2025
Basis of measurement and preparation
for the Period Ended 31 March 2025
| 2025 | ||
|---|---|---|
| Average number of employees during the period |
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During the financial year, the company carried little trading or direct delivery of community activities. The company was established to support and develop amateur boxing activity for community benefit, particularly for young people, and to provide a suitable structure for future community-focused delivery. During this period, operational boxing activity and expenditure were undertaken through a separate limited company, and the CIC incurred minimal costs. No assets or profits were distributed, and the company remains in place to support community benefit activities in future financial periods.
During the financial year, the company did not carry out any formal consultation with stakeholders, as it did not undertake active trading or delivery of services. Informal discussions took place with individuals involved in amateur boxing and community sport to help shape the company’s future plans and ensure that its intended activities align with community needs. Formal stakeholder consultation is intended to take place in future financial periods once the company begins active delivery.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
28 December 2025
And signed on behalf of the board by:
Name: Farrell Masterson
Status: Director