THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Company Registration Number:
11630993 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

The principal activity of the company in the year under review was that of Regulation of health care, education, culturaland other social services, not incl. social security

Political and charitable donations

All donations were given to charities.



Directors

The director shown below has held office during the whole of the period from
1 November 2022 to 31 October 2023

Mrs M McGonnell


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
26 July 2024

And signed on behalf of the board by:
Name: Mrs M McGonnell
Status: Director

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 634,437 381,661
Gross profit(or loss): 634,437 381,661
Administrative expenses: ( 578,943 ) ( 359,782 )
Operating profit(or loss): 55,494 21,879
Interest receivable and similar income: 284 8
Profit(or loss) before tax: 55,778 21,887
Tax: ( 9,994 ) ( 2,833 )
Profit(or loss) for the financial year: 45,784 19,054

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 33,174 23,637
Total fixed assets: 33,174 23,637
Current assets
Debtors: 4 4,639 6,304
Cash at bank and in hand: 89,770 59,676
Total current assets: 94,409 65,980
Creditors: amounts falling due within one year: 5 ( 82,314 ) ( 71,537 )
Net current assets (liabilities): 12,095 (5,557)
Total assets less current liabilities: 45,269 18,080
Provision for liabilities: ( 4,363 ) ( 2,958 )
Total net assets (liabilities): 40,906 15,122
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 40,905 15,121
Total Shareholders' funds: 40,906 15,122

The notes form part of these financial statements

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 October 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 26 July 2024
and signed on behalf of the board by:

Name: Mrs M McGonnell
Status: Director

The notes form part of these financial statements

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated usefullife.Plant and machinery etc - 25% on reducing balance

    Other accounting policies

    Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balancesheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different fromthose in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws thathave been enacted or substantively enacted by the year end and that are expected to apply to the reversal of thetiming difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that theywill be recovered against the reversal of deferred tax liabilities or other future taxable profits.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of thelease.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pensionscheme are charged to profit or loss in the period to which they relate.

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 4

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 31,735 31,735
Additions 20,594 20,594
Disposals
Revaluations
Transfers
At 31 October 2023 52,329 52,329
Depreciation
At 1 November 2022 8,098 8,098
Charge for year 11,057 11,057
On disposals
Other adjustments
At 31 October 2023 19,155 19,155
Net book value
At 31 October 2023 33,174 33,174
At 31 October 2022 23,637 23,637

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 0 2,820
Other debtors 4,639 3,484
Total 4,639 6,304

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 2,850 2,850
Trade creditors 547 2,685
Taxation and social security 14,257 1,095
Other creditors 64,660 64,907
Total 82,314 71,537

COMMUNITY INTEREST ANNUAL REPORT

THE RECOVERY FIRST HOUSING PROJECT COMMUNITY INTEREST COMPANY

Company Number: 11630993 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

Provision of move-on accommodation for people who have suffered alcohol & drugaddiction.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The directors remuneration information is within the notes of the annual accounts.There were no other transactions or arrangements in connection with theremuneration of directors, or compensation for director's loss of office, which requireto be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 July 2024

And signed on behalf of the board by:
Name: M McGonnell
Status: Director