for the Period Ended 31 December 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
15 December 2023
to
31 December 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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
| 13 months to 31 December 2024 | ||
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£ |
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| Administrative expenses: |
(
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| Operating profit(or loss): |
( |
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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 | 13 months to 31 December 2024 | ||
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£ |
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| Current assets | |||
| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 3 |
(
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| Net current assets (liabilities): |
( |
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| Total assets less current liabilities: |
( |
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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: |
( |
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 December 2024
Basis of measurement and preparation
Other accounting policies
for the Period Ended 31 December 2024
| 13 months to 31 December 2024 | ||
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| Average number of employees during the period |
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for the Period Ended 31 December 2024
| 13 months to 31 December 2024 | ||
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| £ | ||
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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During the financial year ended 31 December 2024, the company did not undertake any trading activity and generated no income. The company incurred minimal administrative expenditure during the period, including a virtual office subscription and accounting and tax compliance fees. As a result, the company reported a small loss for the year. Activity during the year was minimal and limited to a single online session delivered via Zoom. This session was delivered on an informal basis by volunteer business owners who contributed their time and expertise, with no income received by the company. The session provided a basic opportunity for networking, peer support, and introductory business guidance for individuals from communities experiencing racial inequalities. Operational challenges during the year, including delays in establishing a business bank account, significantly limited the company’s capacity. The company is currently reviewing its future operations.
The company’s key stakeholders included the entrepreneurs and the delivery partners that we aimed to support and collaborate with. Stakeholders were consulted through a combination of informal and structured approaches, including post-event feedback and ongoing communication via messaging platforms. In response to stakeholder feedback, the company in future will consider adapting to better meet the needs of early-stage entrepreneurs, increasing opportunities for networking and peer support and strengthening its mentorship offering to provide more tailored, one-to-one guidance.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
20 April 2026
And signed on behalf of the board by:
Name: Akida Kaaba-Jones
Status: Director