COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

COTYLEDON BUSINESS AND MANAGEMENT C.I.C. - Company Information

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COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Company Registration Number:
08922727 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2021

Period of accounts

Start date: 1 April 2020

End date: 31 March 2021

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2021

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

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2021

2021 2020


£
£
Turnover: 16,910 121,169
Cost of sales: ( 25,705 ) ( 148,013 )
Gross profit(or loss): (8,795) (26,844)
Distribution costs: 0 0
Other operating income: 10,000 55,866
Operating profit(or loss): 1,205 29,022
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 1,205 29,022
Tax: ( 228 ) 0
Profit(or loss) for the financial year: 977 29,022

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Balance sheet

As at 31 March 2021

Notes 2021 2020


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 4,573 6,049
Investments:   0 0
Total fixed assets: 4,573 6,049
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 1,462 1,562
Investments:   0 0
Total current assets: 1,462 1,562
Prepayments and accrued income: 0 10,500
Creditors: amounts falling due within one year: 4 0 ( 11,586 )
Net current assets (liabilities): 1,462 476
Total assets less current liabilities: 6,035 6,525
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 1,955 ) ( 2,445 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 4,080 4,080
Capital and reserves
Called up share capital: 4,080 4,080
Profit and loss account: 0
Total Shareholders' funds: 4,080 4,080

The notes form part of these financial statements

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Balance sheet statements

For the year ending 31 March 2021 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 26 December 2021
and signed on behalf of the board by:

Name: Janet Walsh
Status: Director

The notes form part of these financial statements

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 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

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 0 8

    The three year project extended to four years from 2017 but a direction away from purely management of markets meant staff were tuped to a sister organisation. Only sub-contractors periodically used. No specific staff are employed within Cotyledon.

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2020 2,915 3,136 6,051
Additions
Disposals
Revaluations
Transfers
At 31 March 2021 2,915 3,136 6,051
Depreciation
At 1 April 2020 1 1 2
Charge for year 692 784 1,476
On disposals
Other adjustments
At 31 March 2021 693 785 1,478
Net book value
At 31 March 2021 2,222 2,351 4,573
At 31 March 2020 2,914 3,135 6,049

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Creditors: amounts falling due within one year note

2021 2020
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 11,586
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 0 11,586

COMMUNITY INTEREST ANNUAL REPORT

COTYLEDON BUSINESS AND MANAGEMENT C.I.C.

Company Number: 08922727 (England and Wales)

Year Ending: 31 March 2021

Company activities and impact

Owing to the end of the successful Welsh Govt funded Blas Lleol project and the swift onset of Covid 19, the Cotyledon markets were much reduced in the financial year. However, the Company still provided limited but nevertheless welcomed opportunity for small businesses to trade and for local residents to buy local provenance food and gifts through short supply chains.

Consultation with stakeholders

We continually monitor our performance and delivery. During the year, we promoted feedback through customers and traders at the two main markets. Our markets are firmly established and have a regular following. People know where to get information and we continually advertise as well as offer opportunities for people to get involved.During the year we had an average of 800 attendees to the Belle Vue market and over 1000 at the Tredegar House market. At festive seasons this increased dramatically. Feed back was asked of people surveyed during their visit especially during the height of Covid where we were keen to establish whether people felt safe shopping in an outdoor market.

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
26 December 2021

And signed on behalf of the board by:
Name: Janet Walsh
Status: Director