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2024-11-30-accounts

Company Registration No. 08145785 (England and Wales) Charity Commission Registration No. 1165903

THE PEOPLE’S MOSQUITO LIMITED

COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE COMPANY INFORMATION

Trustees Mark Hitchcock Ian Homer John Lilley Steven Manning Alan Pickford George Sharp Secretary Steven Manning Company number 08145785 Charity Commission number 1165903 Registered office 4 Chestnut Way East Goscote Leicester UK LE7 3QQ Independent Examiner Steven Cory 16 St Peters Way Norwich Norfolk NR10 3NS

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

CONTENTS

Page
Chairman’s report 1 - 2
Report of the trustees 3 - 4
Independent examiner’s report 5
Statement of financial activities 6
Statement of comprehensive income 7
Balance sheet 8- 9
Notes to the financial statements 10 - 17

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE CHAIRMAN’S REPORT

FOR THE YEAR ENDED 30 NOVEMBER 2024

Looking back on 2024 the Charity and the project has progressed well and we are looking forward to 2025 that we will see a pivotal moment. That is, the fuselage construction will commence! It is pivotal as this demonstrates the project is sustainable, provides confidence for Sponsors, donors and our supporters that we deliver on their support. But above all, the public sees a shape of the aeroplane and not just fuselage moulds.

We continue to face one major challenge. That is, to take our existing income level to a significantly higher level. As the build continues, the engineering costs also jump many basis points to the current budget. In this fiscal year as the accounts demonstrate we have a healthy P&L and Balance Sheet, but growth in funds incoming is not where we want it to be.

Tackling the funding challenge, the Charity has recognised, based on our all-volunteer management set-up, the need to bring in a professional fundraising organisation. Yes, this will incur cost but after a thorough selection process we have settled on a great provider who has many years of experience and success in the areas we wish to target. The board is very comfortable with the expenditure assigned, and that the return on the investment will be significant. We plan to enter into this relationship in the new fiscal year 2025.

The fundraising scope will focus on strategies for high net worth individuals, grants and company sponsorship. As we recognise, the aircraft will not be built on individual smaller donations (although of course every £1 given is gratefully received) and merchandise sales. With the support of professional fundraisers we believe this will achieve our ambition to take funding to the levels our engineering plan will dictate.

In addition to this, the Charity reviewed the business plan and worked closely with one of our volunteers (who has a very respectable high level banking background) to revise the plan to reflect updated production costs and fundraising streams and budgets. A very valuable exercise for us to plan budgets into 2025.

Our fundraising strategy continues to be a combination of revenue and growth streams. That is, we are working on raising the funds via multiple avenues from one-off direct donation, regular monthly donations, merchandise and sponsorship from high net worth individuals and aerospace companies being the main drivers. Wooden Wooder Trading Limited, our trading company, continues to support the charity well.

As all of you know, the Trustees and Volunteers of TPM do so for the benefit of the project. We take no reward, other than seeing this aircraft being built. We operate a very lean model on costs to maximise every penny we receive. But in 2024 we also had a restructure of the management teams. We appointed a new Managing Director for Wooden Wonder Trading Ltd; enabling the move of the prior MD into the role of Chief Operations Officer at TPM. The COO role will be a dedicated single point of contact with our engineering supplier at Retrotec, and also have a pivotal role in all major activities and sub-teams on the project. The charity is pleased that the person in this role, although not salaried, is in a fulltime position and this brings valuable time and experience to drive us forward.

At this juncture, I would like to recognise and thank all the volunteers for your superb dedication, support and commitment to the project. Without your support the project could not function as we do. Thank you for 2024 and all the board members of TPM look forward to working with you into 2025.

However, as Chairman and Managing Director, I recognise several areas of our board team also need to change and adapt to the growing challenges. This is due to the scale of the task entering into 2025, with inflation and the cost of living increases forecast this will be no easy task. As all of us do this in addition to day jobs and/or other commitments, we, and I include myself in this, need to change and adapt for the greater good to deliver the project.

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE CHAIRMAN’S REPORT (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

As we move into our next year, as a board of Directors and Trustees, our biggest challenge is to meet the financial demands of the build. It is now clear to the Trustees that we need professional support to achieve the high six figures needed going forward. I look forward to reporting on progress and achievement in the next report for 2025.

.............................. John Lilley Chairman & Managing Director The People’s Mosquito Limited

Date: 31 August 2025

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 NOVEMBER 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and aims

The objective and aim of the charity is to return a De Havilland DH.98 Mosquito FB.VI to the skies above Britain, building this iconic aircraft in the United Kingdom for the first time in more than 74 years. Also to inform and educate the public and future generations on the Mosquito and its place in history, our moto being ‘to fly, to educate and to remember’. We aim to communicate to future generations the importance to the war effort of the Mosquito during World War Two and the unique design and engineering techniques that went into its production. At the same time we will be honouring and remembering those who designed, built, flew and maintained the type in all its roles and locations.

Financial review

During the year ended 30 November 2024, the charity made £337,805 excess income over expenditure compared to £439,299 for the 2023 year end, £87,054 for the 2022 year end and £129,219 for the year ended 30 November 2021.

A wholly owned subsidiary company has been operated, Wooden Wondering Trading Limited, through which the sale of merchandise was performed during the year. The subsidiary’s surplus income over expenditure will be donated to the charity, allowing for sufficient funds to enable the subsidiary to operate. During the year ended 30 November 2024 the subsidiary donated £12,726 (2023: £7,783, 2022: £4,103 and 2021: £9,261).

The net assets have increased from £44,705 as at 31 July 2017 to £1,087,278 at 30 November 2023 and £1,425,083 at 30 November 2024. Included within the net assets is the value of the original De Havilland drawings and plans, the trustees valuing these as at 30 November 2024 at £100,000 (2023: £100,000), however these form an important part of the project and there is no intention for these to be sold.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at no less than the operating costs for a period of twelve months. The trustees consider reserves at a level that would cover operating costs for a twelve month period would enable other funding opportunities to be considered in the event of a significant fall in the current income streams and whilst enabling the charity to continue the current activities.

Structure, governance and management

The organisation is a charitable company, limited by guarantee, having been incorporated on 17 July 2012 and registered with The Charity Commission on 7 March 2016. The company was established under a Memorandum of Association which details the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, the members are required to contribute an amount not exceeding £1 towards any liabilities.

Risk management

The trustees have conducted a review of the major risks to which the charity is exposed and are monitored at least annually. Where appropriate, systems and or procedures have been established to mitigate the risks. Significant external risks to funding have resulted in the development of a strategic plan which allows for the diversification of funding. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions. Procedures are in place to ensure compliance with health and safety. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

REPORT OF THE TRUSTEES (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

Trustees responsibilities in relation to the financial statements

Company law required the charity trustees, who are also the directors of the company, to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website.

Trustees

The trustees who held office during the period and up to the date of signature of the financial statements were as follows:

Mark Hitchcock Ian Homer John Lilley Steven Manning Alan Pickford George Sharp

Approved by order of the Board of Trustees on 25 August 2025 and signed on its behalf by:

.............................. Alan Pickford Trustee

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE PEOPLE’S MOSQUITO LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2024

I report to the charity trustees (also its directors for the purpose of company law) on my examination of the accounts of the company for the year ended 30 November 2024.

This report is made solely to the Board of Trustees of The People’s Mosquito Limited, as a body. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than The People’s Mosquito Limited and its Board of Trustees as a body, for my work or for this report.

Responsibilities and basis of report

As the charity’s trustees, in accordance with the requirements of the Companies Act 2006, it is your duty to ensure that The People’s Mosquito Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of The People’s Mosquito Limited. You consider that The People’s Mosquito Limited is exempt from the statutory audit requirement for the year.

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of your accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5) (b) of the Charities Act 2011.

Independent examiner’s statement

I confirm that I have the required skills and experience to carry out a competent examination of the accounts.

I have completed my examination and together with the information and explanations you have provided me, I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe, in any material respect:

I have no concerns and have no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

.............................. Steven Cory Accountant

Date: 3 September 2025 16 St Peters Way Norwich Norfolk NR10 3NS

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 30 NOVEMBER 2024

Notes
2024
Unrestricted
Restricted
funds
funds
£
£
Incoming resources
Voluntary income:
Donations and legacies
328,715
-
Activities:
Event ticket sales
2,208
-
Sponsorship received
24,313
-
Investment income
3
330
-
Charitable activities:
Club membership fees
40,111
-
Total incoming resources
395,677
-
Resources expended
Costs of generating funds
Cost of goods sold and other costs
7,257
-
Charitable activities
48,560
-
Governance costs
2,055
-
Total resources expended
57,872
-
Net movement in funds
4
337,805
-
Reconciliation of funds
Total funds brought forward
13
989,075
-
Total funds carried forward
13
1,326,880
-		 Total
funds
£
328,715
2,208
24,313
330
40,111
395,677
7,257
48,560
2,055
57,872
337,805
989,075
1,326,880		 2023
Total
funds
£
362,096
16,533
87,188
18
39,520
505,355
6,625
57,330
2,101
66,056
439,299
549,776
989,075

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 NOVEMBER 2024

Net movement in funds
Other comprehensive income
Revaluation of De Havilland drawings and plans
Total comprehensive income for the year		 2024
£
337,805
-
337,805		 2023
£
439,299
-
439,299

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET

AS AT 30 NOVEMBER 2024

Notes
Fixed assets
Tangible assets
6
Investments
7
Current assets
Stocks
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
11
Net assets
Capital and reserves
Unrestricted reserves
13
Revaluation reserve
13		 2024
£
3,000
94,638
49,546
147,184
3,051		 £
1,285,136
1
1,285,137
144,133
1,429,270
(4,187)
1,425,083
1,326,880
98,203
1,425,083		 2023
£
500
46,157
61,600
108,257
33,282		 £
1,024,440
1
1,024,441
74,975
1,099,416
(12,138)
1,087,278
989,075
98,203
1,087,278

For the financial year ended 30 November 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The trustees acknowledge their responsibilities for:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2024

These financial statements have been prepared and delivered in accordance with the special provisions of part 15 of the Companies Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees and authorised for issue on 25 August 2025 and are signed on its behalf by:

.............................. Alan Pickford Trustee

Company Registration No. 08145785

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies

Company information

The People’s Mosquito Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 4 Chestnut Way, East Goscote, Leicester LE7 3QQ.

1.1 Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2 Incoming resources

Donations and other income are recognised once there is a right to receive this income, it is probable that the economic benefits will be received and the amount can be measured reliably.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred, it is probable that a transfer of economic benefits will be required and the amount of the obligation can be measured reliably. Costs have been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies (Continued)

1.3 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

In the opinion of the directors, the airframes and jigs fair value is not materially different to the carrying value and therefore these assets have not been depreciated.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment 20% reducing balance Plant and machinery (excluding airframes and jigs) 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

1.4 De Havilland original drawings and plans

The De Havilland original drawings and plans are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently these are measured at fair value at the reporting date. Changes in fair value are recognised in the balance sheet, revaluation reserve.

The total cost as at 30 November 2024 was £1,797 (2023: £1,797), the fair value in the opinion of the trustees being £100,000 (2023: £100,000).

1.5 Fixed asset investments

Interests in subsidiary entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies (Continued)

1.6 Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8 Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

1 Accounting policies (Continued)

1.9 Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10 Taxation

The charity is exempt from corporation tax on its charitable activities. No tax charges were incurred in the year ended 30 November 2024 or previous year ended 30 November 2023.

1.11 Fund accounting

Unrestricted funds can be used in accordance with charitable objectives at the discretion of the trustees.

1.12 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in the profit or loss.

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

2 Employees

The average monthly number of persons (including trustees) employed by the company during the year was nil (2023 - nil).

3 Investment income

Interest
Net movement in funds
The net movement in funds is stated after charging:
Depreciation
Loss on disposal of fixed assets		 2024
£
330
2024
£
1,567
865
2,432		 2023
£
18
2023
£
1,307
-
1,307

4 Net movement in funds

The net movement in funds is stated after charging:

5 Trustees remuneration and benefits

No trustees received any remuneration during the year ended 30 November 2024 or previous year ended 30 November 2023.

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

6 Tangible fixed assets
De Havilland Plant and Total
drawings/plans machinery etc
£ £ £
Cost or valuation
At 1 December 2023 100,000 931,674 1,031,674
Additions - 262,836 262,836
Disposals - (2,016) (2,016)
At 30 November 2024 100,000 1,192,494 1,292,494
Depreciation and impairment
At 1 December 2023 - 7,234 7,234
Depreciation charged in the year - 1,567 1,567
Depreciation eliminated on disposal - (1,443) (1,443)
At 30 November 2024 - 7,358 7,358
Carrying amount
At 30 November 2024 100,000 1,185,136 1,285,136
At 30 November 2023 100,000 924,440 1,024,440
7 Fixed asset investments
2024 2023
£ £
Shares in group undertakings and participating interests 1 1
Fixed asset investments not carried at market value
Fixed asset investments relate to unlisted securities which have been valued at cost.
Movements in fixed asset investments
Shares in group
undertakings
£
Cost or valuation
At 1 December 2023 & 30 November 2024 1
Carrying amount
At 30 November 2024 1
At 30 November 2023 1

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

8 Subsidiaries

These financial statements are separate company financial statements for The People’s Mosquito Limited.

Details of the company's subsidiaries at 30 November 2024 are as follows:

Name of undertaking Address Class of % Held
shares held Direct
Wooden Wonder Trading Limited England
and		 Ordinary 100
Wales

The aggregate capital and reserves and the result for the year of the subsidiaries noted above were as follows:

Name of undertaking
Wooden Wonder Trading Limited
9
Debtors: amounts falling due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
10
Creditors: amounts falling due within one year
Bank loans
Other creditors		 Capital and
Reserves
Profit/(Loss)
£
£
1

2024
2023
£
£
-
7,649
25,820
26,079
68,818
12,429
94,638
46,157		 Capital and
Reserves
Profit/(Loss)
£
£
1

2024
2023
£
£
-
7,649
25,820
26,079
68,818
12,429
94,638
46,157
46,157
2024
£
3,051
-
3,051		 2023
£
2,975
30,307
33,282

THE PEOPLE’S MOSQUITO LIMITED COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2024

11 Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year
Bank loans
Other loans
Payable by instalments wholly within five years		 2024
£
4,187
-
4,187
£
4,187		 2023
£
7,238
4,900
12,138
£
12,138

12 Related party transactions

Transactions with related parties

During the year the company entered into the following transactions with related parties:

During the year Wooden Wonder Trading Limited, a wholly owned subsidiary, was provided with a loan by the company, the balance of which at the year end was £25,820 (2023: 26,079), which is repayable on demand and interest free.

During the year Wooden Wonder Trading Limited made donations to the company totalling £12,726 (2023: £7,783).

13 Statement of movements on reserves

Revaluation Unrestricted
reserve reserves
£ £
Balance at 1 December 2023 98,203 989,075
Net movement in funds - 337,805
Balance at 30 November 2024 98,203 1,326,880