ASSISTED HOMES CIC

Company limited by guarantee

Company Registration Number:
08274564 (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

ASSISTED HOMES CIC

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

ASSISTED HOMES CIC

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

Providing supported accommodation and assistance for homeless people



Directors

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

Ahmet Orgen
Betul Kurt
Jevdet Orgen


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
29 May 2024

And signed on behalf of the board by:
Name: Ahmet Orgen
Status: Director

ASSISTED HOMES CIC

Profit And Loss Account

for the Period Ended 31 October 2023

2023 2022


£

£
Turnover: 3,865,659 3,258,196
Cost of sales: ( 3,243,777 ) ( 2,831,488 )
Gross profit(or loss): 621,882 426,708
Administrative expenses: ( 579,240 ) ( 414,288 )
Other operating income: 150
Operating profit(or loss): 42,642 12,570
Interest receivable and similar income: 630 16
Interest payable and similar charges: ( 276 )
Profit(or loss) before tax: 43,272 12,310
Tax: ( 6,586 )
Profit(or loss) for the financial year: 36,686 12,310

ASSISTED HOMES CIC

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 109,367 103,077
Total fixed assets: 109,367 103,077
Current assets
Debtors: 4 438,309 356,551
Cash at bank and in hand: 217,557 166,281
Total current assets: 655,866 522,832
Creditors: amounts falling due within one year: 5 ( 375,506 ) ( 272,868 )
Net current assets (liabilities): 280,360 249,964
Total assets less current liabilities: 389,727 353,041
Total net assets (liabilities): 389,727 353,041
Members' funds
Profit and loss account: 389,727 353,041
Total members' funds: 389,727 353,041

The notes form part of these financial statements

ASSISTED HOMES 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 29 May 2024
and signed on behalf of the board by:

Name: Ahmet Orgen
Status: Director

The notes form part of these financial statements

ASSISTED HOMES 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

    Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net ofdepreciation 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 on the following bases:Plant and equipment 15% reducing balanceMotor vehicles 25% reducing balanceThe gain or loss arising on the disposal of an asset is determined as the difference between the saleproceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

ASSISTED HOMES 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

ASSISTED HOMES 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 107,222 69,349 176,571
Additions 30,179 30,179
Disposals
Revaluations
Transfers
At 31 October 2023 137,401 69,349 206,750
Depreciation
At 1 November 2022 43,154 30,340 73,494
Charge for year 14,137 9,752 23,889
On disposals
Other adjustments
At 31 October 2023 57,291 40,092 97,383
Net book value
At 31 October 2023 80,110 29,257 109,367
At 31 October 2022 64,068 39,009 103,077

ASSISTED HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
£ £
Trade debtors 100,024 74,314
Other debtors 338,285 282,237
Total 438,309 356,551

ASSISTED HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 50,574 53,083
Taxation and social security 15,032 3,687
Other creditors 309,900 216,098
Total 375,506 272,868

COMMUNITY INTEREST ANNUAL REPORT

ASSISTED HOMES CIC

Company Number: 08274564 (England and Wales)

Year Ending: 31 October 2023

Company activities and impact

The company’s principal activity continues to provide supported accommodation to homeless people. Assisted Homes CIC is dedicated to support people recovering from mental health, drug or alcohol difficulties and help them live independent lives within their individual capabilities. The company provides housing and supported accommodation relevant to meet the needs of individual users and tenants to facilitate and encourage residents to establish a level of independence compatible with their abilities and circumstances.

Consultation with stakeholders

The company’s stakeholders are people who have experienced social exclusion, social disadvantages or homelessness but have made the choice to get support in order to live independently, and the consultants for the individuals. We take suggestions from our consultants on how to improve the service we are providing for the individuals who need support and also take the advice directly through them with the questionnaires we provide. We take all of the advices into serious consideration as the service we provide has a direct impact on human lives.

Directors' remuneration

The aggregate amount paid to the directors in regard to their service was £106,508

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 May 2024

And signed on behalf of the board by:
Name: Mr Ahmet Orgen
Status: Director