MKSON BASKETBALL CIC

Company limited by guarantee

Company Registration Number:
15053853 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2025

Period of accounts

Start date: 1 September 2024

End date: 31 August 2025

MKSON BASKETBALL CIC

Contents of the Financial Statements

for the Period Ended 31 August 2025

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

MKSON BASKETBALL CIC

Profit And Loss Account

for the Period Ended 31 August 2025

2025 13 months to 31 August 2024


£

£
Turnover: 9,448 10,198
Cost of sales: ( 9,405 ) ( 8,256 )
Gross profit(or loss): 43 1,942
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 43 1,942
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 43 1,942
Tax: ( 8 ) ( 361 )
Profit(or loss) for the financial year: 35 1,581

MKSON BASKETBALL CIC

Balance sheet

As at 31 August 2025

Notes 2025 13 months to 31 August 2024


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 3,661 3,658
Investments:   0 0
Total current assets: 3,661 3,658
Prepayments and accrued income: 0 93
Creditors: amounts falling due within one year: 3 0 ( 132 )
Net current assets (liabilities): 3,661 3,619
Total assets less current liabilities: 3,661 3,619
Creditors: amounts falling due after more than one year: 4 0 ( 1,676 )
Provision for liabilities: ( 8 ) ( 361 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 3,653 1,582
Members' funds
Profit and loss account: 3,653 1,582
Total members' funds: 3,653 1,582

The notes form part of these financial statements

MKSON BASKETBALL CIC

Balance sheet statements

For the year ending 31 August 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 20 May 2026
and signed on behalf of the board by:

Name: man kit cheuk
Status: Director

The notes form part of these financial statements

MKSON BASKETBALL CIC

Notes to the Financial Statements

for the Period Ended 31 August 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

MKSON BASKETBALL CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

  • 2. Employees

    2025 13 months to 31 August 2024
    Average number of employees during the period 0 0

MKSON BASKETBALL CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

3. Creditors: amounts falling due within one year note

2025 13 months to 31 August 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 132
Total 0 132

MKSON BASKETBALL CIC

Notes to the Financial Statements

for the Period Ended 31 August 2025

4. Creditors: amounts falling due after more than one year note

2025 13 months to 31 August 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 1,676
Total 0 1,676

COMMUNITY INTEREST ANNUAL REPORT

MKSON BASKETBALL CIC

Company Number: 15053853 (England and Wales)

Year Ending: 31 August 2025

Company activities and impact

Community Interest Report: MKSON Basketball CIC 1. Overview of Community Benefit Throughout the financial year, MKSON Basketball CIC has served as a vital community hub in Milton Keynes. Our activities have provided a structured and supportive environment where residents can engage in physical activity, regardless of their background or previous experience. By prioritizing community interest over profit, we have ensured that the benefits of team sport remain accessible to the local population. 2. Promoting Health and Wellbeing The company’s primary activity has been the delivery of consistent basketball sessions that address the physical and mental health needs of the community. Physical Fitness: We have provided a regular outlet for exercise, helping to combat sedentary lifestyles and promote long-term cardiovascular health among participants. Mental Resilience: Beyond the physical benefits, our sessions offer a space for social interaction, helping to reduce feelings of isolation and providing a positive mental break from the stresses of daily life and education. 3. Fostering Social Inclusion and Safe Spaces MKSON Basketball has acted as a protective factor for young people in Milton Keynes by providing a safe, supervised environment during out-of-school hours. Barrier Reduction: By keeping participation costs manageable, we have ensured that basketball is not a "luxury" sport, allowing individuals from lower-income households to benefit from the same opportunities as their peers. Positive Aspirations: Our coaches serve as mentors, encouraging discipline, respect, and a work ethic that participants carry into their school and professional lives. 4. Strengthening Milton Keynes’ Community Cohesion As a club, we take pride in reflecting the diversity of Milton Keynes. Diverse Engagement: Basketball at MKSON acts as a common language, bringing together individuals from different cultural and socioeconomic backgrounds who might not otherwise interact. This fosters a sense of belonging and local pride. Volunteer Empowerment: We have encouraged local residents to take an active role in the club’s operations, providing them with a sense of agency and the opportunity to contribute positively to their own neighborhood. Summary of Impact The company’s activities have successfully bridged the gap between elite sport and community recreation. By maintaining a focus on inclusivity and character-building, MKSON Basketball CIC has contributed to a more active, connected, and resilient Milton Keynes community.

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
20 May 2026

And signed on behalf of the board by:
Name: Man Kit Cheuk
Status: Director