SEASIDE CIC

Company Registration Number:
09549404 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

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Contents of the Financial Statements

for the Period Ended 30 April 2023

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

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Profit And Loss Account

for the Period Ended 30 April 2023

2023 2022


£

£
Turnover: 243,989 295,408
Cost of sales: ( 4,367 ) ( 19,248 )
Gross profit(or loss): 239,622 276,160
Administrative expenses: ( 237,436 ) ( 220,516 )
Operating profit(or loss): 2,186 55,644
Profit(or loss) before tax: 2,186 55,644
Tax: ( 549 ) ( 10,811 )
Profit(or loss) for the financial year: 1,637 44,833

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Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,813 3,517
Total fixed assets: 2,813 3,517
Current assets
Cash at bank and in hand: 269,189 240,736
Total current assets: 269,189 240,736
Creditors: amounts falling due within one year: 4 ( 106,861 ) ( 43,528 )
Net current assets (liabilities): 162,328 197,208
Total assets less current liabilities: 165,141 200,725
Creditors: amounts falling due after more than one year: 5 ( 118,112 ) ( 155,332 )
Total net assets (liabilities): 47,029 45,393
Capital and reserves
Called up share capital: 30 30
Profit and loss account: 46,999 45,363
Total Shareholders' funds: 47,029 45,393

The notes form part of these financial statements

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Balance sheet statements

For the year ending 30 April 2023 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 13 February 2024
and signed on behalf of the board by:

Name: Shabbir Gheewalla
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 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

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Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 5

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Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 16,418 16,418
Additions
Disposals
Revaluations
Transfers
At 30 April 2023 16,418 16,418
Depreciation
At 1 May 2022 12,901 12,901
Charge for year 704 704
On disposals
Other adjustments
At 30 April 2023 13,605 13,605
Net book value
At 30 April 2023 2,813 2,813
At 30 April 2022 3,517 3,517

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Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 2,000 2,000
Taxation and social security 13,409 11,097
Accruals and deferred income 30,479 30,431
Other creditors 60,973
Total 106,861 43,528

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Notes to the Financial Statements

for the Period Ended 30 April 2023

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

2023 2022
£ £
Other creditors 118,112 155,332
Total 118,112 155,332

COMMUNITY INTEREST ANNUAL REPORT

SEASIDE CIC

Company Number: 09549404 (England and Wales)

Year Ending: 30 April 2023

Company activities and impact

Assisting local authorities and their agents to provide temporary accommodation to (street homeless) statutory vulnerable homeless household for permanent re-settlement into local community.

Consultation with stakeholders

Brighton & Hove City Council St. Munyers Statutory vulnerable street homeless community in the vicinity of B& HCC instructions from B & HCC implemented for overall benefit of vulnerable household.

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
13 February 2024

And signed on behalf of the board by:
Name: Shabbir Gheewalla
Status: Director