ASAGA DEVELOPMENT UNION CIC

Company limited by guarantee

Company Registration Number:
15820798 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2025

Period of accounts

Start date: 5 July 2024

End date: 31 July 2025

ASAGA DEVELOPMENT UNION CIC

Contents of the Financial Statements

for the Period Ended 31 July 2025

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

ASAGA DEVELOPMENT UNION CIC

Profit And Loss Account

for the Period Ended 31 July 2025

13 months to 31 July 2025


£
Turnover: 624
Cost of sales: ( 600 )
Gross profit(or loss): 24
Operating profit(or loss): 24
Profit(or loss) before tax: 24
Profit(or loss) for the financial year: 24

ASAGA DEVELOPMENT UNION CIC

Balance sheet

As at 31 July 2025

Notes 13 months to 31 July 2025


£
Current assets
Cash at bank and in hand: 624
Total current assets: 624
Creditors: amounts falling due within one year: 3 ( 600 )
Net current assets (liabilities): 24
Total assets less current liabilities: 24
Total net assets (liabilities): 24
Members' funds
Profit and loss account: 24
Total members' funds: 24

The notes form part of these financial statements

ASAGA DEVELOPMENT UNION CIC

Balance sheet statements

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

Name: Samuel Kalu
Status: Director

The notes form part of these financial statements

ASAGA DEVELOPMENT UNION CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

ASAGA DEVELOPMENT UNION CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

  • 2. Employees

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

ASAGA DEVELOPMENT UNION CIC

Notes to the Financial Statements

for the Period Ended 31 July 2025

3. Creditors: amounts falling due within one year note

13 months to 31 July 2025
£
Accruals and deferred income 600
Total 600

COMMUNITY INTEREST ANNUAL REPORT

ASAGA DEVELOPMENT UNION CIC

Company Number: 15820798 (England and Wales)

Year Ending: 31 July 2025

Company activities and impact

Asaga Development Union CIC carried out a number of community focused activities during the financial year. These activities have benefited the community in the following ways: members received sensitisation on the importance of being law abiding citizens and responsible community participants Asaga Ohafia youths in the UK took part in youth focused sensitisation programmes aimed at strengthening identity, cohesion and positive engagement community members benefited from outreach initiatives delivered during the year several solar powered street lights were installed in Asaga community, improving safety and access to lighting members were supported through sensitisation sessions on recent visa and immigration rule changes, helping them stay informed and compliant

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 May 2026

And signed on behalf of the board by:
Name: Samuel Kalu
Status: Director