ROCK REGEN CIC

Company limited by guarantee

Company Registration Number:
SC524605 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

ROCK REGEN CIC

Contents of the Financial Statements

for the Period Ended 31 October 2023

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

ROCK REGEN CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 19,800 19,800
Gross profit(or loss): 19,800 19,800
Administrative expenses: ( 22,465 ) ( 23,883 )
Operating profit(or loss): (2,665) (4,083)
Interest payable and similar charges: ( 140 ) ( 184 )
Profit(or loss) before tax: (2,805) (4,267)
Profit(or loss) for the financial year: (2,805) (4,267)

ROCK REGEN CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 10,950 14,600
Total fixed assets: 10,950 14,600
Current assets
Debtors: 4 39,600 19,800
Cash at bank and in hand: 42,172 61,377
Total current assets: 81,772 81,177
Creditors: amounts falling due within one year: 5 ( 138,542 ) ( 137,042 )
Net current assets (liabilities): (56,770) (55,865)
Total assets less current liabilities: (45,820) ( 41,265)
Creditors: amounts falling due after more than one year: 6 ( 2,917 ) ( 4,667 )
Total net assets (liabilities): (48,737) (45,932)
Members' funds
Profit and loss account: (48,737) ( 45,932)
Total members' funds: ( 48,737) (45,932)

The notes form part of these financial statements

ROCK REGEN CIC

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 5 July 2024
and signed on behalf of the board by:

Name: Norman Innes
Status: Director

The notes form part of these financial statements

ROCK REGEN CIC

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

    Income and expenses are included in the financial statements as they become receivable or due.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives.

ROCK REGEN CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

ROCK REGEN CIC

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 36,500 36,500
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 36,500 36,500
Depreciation
At 1 November 2022 21,900 21,900
Charge for year 3,650 3,650
On disposals
Other adjustments
At 31 October 2023 25,550 25,550
Net book value
At 31 October 2023 10,950 10,950
At 31 October 2022 14,600 14,600

ROCK REGEN CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Other debtors 39,600 19,800
Total 39,600 19,800

ROCK REGEN CIC

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 1,750 1,750
Trade creditors 1,000 1,000
Other creditors 135,792 134,292
Total 138,542 137,042

ROCK REGEN CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

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

2023 2022
£ £
Bank loans and overdrafts 2,917 4,667
Total 2,917 4,667

COMMUNITY INTEREST ANNUAL REPORT

ROCK REGEN CIC

Company Number: SC524605 (Scotland)

Year Ending: 31 October 2023

Company activities and impact

The CIC is in its infancy and has spent most of the year engaging with community partners and stakeholders within Glasgow and North Lanarkshire. This is with a view to progressing community regeneration, hospitality, tourism and health and wellbeing projects.

Consultation with stakeholders

No consultation with stakeholders

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
5 July 2024

And signed on behalf of the board by:
Name: Norman Innes
Status: Director