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# NOV WAY CIC

## Company limited by guarantee

## Company Registration Number:
14556041 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2025

## Period of accounts

## Start date: 1 January 2025

## End date: 31 December 2025

# NOV WAY CIC

## Contents of the Financial Statements

for the Period Ended 31 December 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# NOV WAY CIC

Directors' report period ended 31 December 2025

The directors present their report with the financial statements of the company for the period ended 31 December 2025

Directors

The directors shown below have held office during the whole of the period from
1 January 2025 to 31 December 2025

Rifatara Mahmud
Leon Anthony Lloyd Parkes
Joanne Pamela Parkes

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
24 April 2026

And signed on behalf of the board by:
Name: Leon Anthony Lloyd Parkes
Status: Director

# NOV WAY CIC

## Profit And Loss Account

for the Period Ended 31 December 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 13,130 | 18,945
Cost of sales: | ( 26,325 ) | ( 19,983 )
Gross profit(or loss): | (13,195) | (1,038)
Administrative expenses: | ( 21,295 ) | ( 24,743 )
Other operating income: | 42,109 | 19,313
Operating profit(or loss): | 7,619 | (6,468)
Interest payable and similar charges: |  | ( 3 )
Profit(or loss) before tax: | 7,619 | (6,471)
Profit(or loss) for the financial year: | 7,619 | (6,471)

# NOV WAY CIC

## Balance sheet

As at 31 December 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Current assets
Cash at bank and in hand: |  | 10,761 | 408
Total current assets: |  | 10,761 | 408
Creditors: amounts falling due within one year: | 3 | ( 10,858 ) | ( 8,124 )
Net current assets (liabilities): |  | (97) | (7,716)
Total assets less current liabilities: |  | (97) | ( 7,716)
Total net assets (liabilities): |  | (97) | (7,716)
Members' funds
Profit and loss account: |  | (97) | ( 7,716)
Total members' funds: |  | ( 97) | (7,716)

The notes form part of these financial statements

# NOV WAY CIC

## Balance sheet statements

For the year ending 31 December 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 24 April 2026
and signed on behalf of the board by:

Name: Leon Anthony Lloyd Parkes
Status: Director

The notes form part of these financial statements

# NOV WAY CIC

## Notes to the Financial Statements

for the Period Ended 31 December 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

# NOV WAY CIC

## Notes to the Financial Statements

for the Period Ended 31 December 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# NOV WAY CIC

## Notes to the Financial Statements

for the Period Ended 31 December 2025

## 3. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Accruals and deferred income | 2,734 |
Other creditors | 8,124 | 8,124
Total | 10,858 | 8,124

# COMMUNITY INTEREST ANNUAL REPORT

### NOV WAY CIC

### Company Number: 14556041 (England and Wales)

### Year Ending: 31 December 2025

Company activities and impact

This has been a significant year for NOV Way CIC. In our 4th anniversary year, we have expanded our programmes, strengthened our partnerships, and, most importantly,supported hundreds of underrepresented individuals to build confidence, experience joy, and find a sense of belonging through movement. Our long-term mission is to engage 2,000 people in running and physical activity across Brent by 2030. Since our inception, our aim has been to make running and movement accessible, inclusive, and enjoyable for those who have historically felt excluded or unsupported. Delivering this in Brent - one of London's most diverse boroughs - remains central to our purpose. During the year, this mission translated into tangible and meaningful impact. Over 650 adults (aged 18+) joined our run club and wider community, accessing coaching, peer support, and social connection. Weekly attendance at our Monday evening sessions increased to approximately 100 participants, demonstrating strong engagement and retention. Demand from previously inactive residents also led to the development of a walking group, further broadening access to movement.

Consultation with stakeholders

Stakeholder engagement remains central to the organisation's development, responsiveness, and sustainability. The organisation is led by its Directors, supported by a committee of 12 individuals with lived experience of the communities we serve. The committee meets monthly and maintains regular communication through digital channels, enabling responsive and continuous decision-making. Key Stakeholders and Engagement Methods Community (local residents and community leaders) We maintain an active presence within the community, particularly through our base at Chalkhill Community Centre. Engagement takes place through in-person interactions, programme delivery, and collaboration with grassroots organisations and local leaders.

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
22 April 2026

And signed on behalf of the board by:
Name: Rifatara Mahmud
Status: Director