FASHIONS FINEST COMMUNITY INTEREST COMPANY


FASHIONS FINEST COMMUNITY INTEREST COMPANY

Company Registration Number:
07836637 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2020

Period of accounts

Start date: 1 December 2019

End date: 30 November 2020

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 November 2020

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Directors' report period ended 30 November 2020

The directors present their report with the financial statements of the company for the period ended 30 November 2020

Principal activities of the company

The company trading activity is events organisation.



Directors

The directors shown below have held office during the whole of the period from
1 December 2019 to 30 November 2020

Deborah St. Louis
Sola Oyebade


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
19 August 2021

And signed on behalf of the board by:
Name: Deborah St. Louis
Status: Director

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 November 2020

Notes 2020 2019


£

£
Current assets
Debtors: 3 2,553
Cash at bank and in hand: 10,700 1,036
Total current assets: 10,700 3,589
Creditors: amounts falling due within one year: 4 ( 1,305 ) ( 3,498 )
Net current assets (liabilities): 9,395 91
Total assets less current liabilities: 9,395 91
Creditors: amounts falling due after more than one year: 5 ( 10,000 ) 0
Total net assets (liabilities): (605) 91
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (606 ) 90
Total Shareholders' funds: ( 605 ) 91

The notes form part of these financial statements

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 November 2020 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 August 2021
and signed on behalf of the board by:

Name: Deborah St. Louis
Status: Director

The notes form part of these financial statements

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2020

  • 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

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2020

  • 2. Employees

    2020 2019
    Average number of employees during the period 2 2

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2020

3. Debtors

2020 2019
£ £
Other debtors 2,553
Total   2,553

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2020

4. Creditors: amounts falling due within one year note

2020 2019
£ £
Taxation and social security 502 664
Accruals and deferred income 136 135
Other creditors 667 2,699
Total 1,305 3,498

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 November 2020

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

2020 2019
£ £
Bank loans and overdrafts 10,000 0
Total 10,000 0

COMMUNITY INTEREST ANNUAL REPORT

FASHIONS FINEST COMMUNITY INTEREST COMPANY

Company Number: 07836637 (England and Wales)

Year Ending: 30 November 2020

Company activities and impact

The company changed to a CIC in April and runs a website providing independent fashion, beauty articles and self-help guides and business advice for graduates, and emerging brands and hosts events for underrepresented groups within the fashion industry. NOTE: The company is still on partial lockdown and has not yet been able to resume any events since March 2020 due to the government COVID-19 restrictions on events. The company opened up for business again in July 2021 after restrictions were lifted.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £240.00There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 July 2021

And signed on behalf of the board by:
Name: Deborah St Louis
Status: Director