HUMSHAUGH NET ZERO CIC

Company limited by guarantee

Company Registration Number:
12779515 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

HUMSHAUGH NET ZERO CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HUMSHAUGH NET ZERO CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Additional information

As permitted by Section 444 of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the company’s profit and loss account for the year ended 2023.The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.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.The company’s annual accounts and reports have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.The financial statements were approved by the board of directors and authorised for issue on 2nd August 2024 and signed on its behalf by David Still.



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

David Still
David Newell


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
2 August 2024

And signed on behalf of the board by:
Name: David Still
Status: Director

HUMSHAUGH NET ZERO CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 404 10,469
Investments:   0 0
Total current assets: 404 10,469
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 0 ( 10,800 )
Net current assets (liabilities): 404 (331)
Total assets less current liabilities: 404 ( 331)
Creditors: amounts falling due after more than one year: 4 ( 1,000 ) 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (596) (331)
Members' funds
Profit and loss account: (596) ( 331)
Total members' funds: ( 596) (331)

The notes form part of these financial statements

HUMSHAUGH NET ZERO CIC

Balance sheet statements

For the year ending 31 July 2024 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 August 2024
and signed on behalf of the board by:

Name: David Still
Status: Director

The notes form part of these financial statements

HUMSHAUGH NET ZERO CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 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

    Other accounting policies

    Company informationHumshaugh Net Zero CIC is a private company limited by guarantee incorporated in England and Wales.The company is a Community Interest Company.Accounting conventionThese financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.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 £.Income and expenditureIncome and expenditure are included in the financial statements as they become receivable or due.The company is not registered for VAT.There are no employees.Members’ liabilityThe company is limited by guarantee, not having a share capital and consequentially the liabilities of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding one pound

HUMSHAUGH NET ZERO CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

HUMSHAUGH NET ZERO CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 10,800
Total 0 10,800

HUMSHAUGH NET ZERO CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 1,000 0
Total 1,000 0

COMMUNITY INTEREST ANNUAL REPORT

HUMSHAUGH NET ZERO CIC

Company Number: 12779515 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The Company promotes activities that will lead to the Parish of Humshaugh becoming “Net Zero” by 2030. Over the last 12 months it has held regular meetings in the Village Hall, open to all, to discuss initiatives and policy issues. This helps members be aware of the issues and initiate their own actions to reduce carbon emissions such as solar panels and heat pumps that use green electricity.A key activity has been supporting a community owner solar project in the parish. The 1 MW project will provide the equivalent of half the domestic electricity consumed within the parish and save over 300 tonnes of CO2. The project has obtained planning permission and is currently raising the finance required. The expectation is that the project will be operational in 2025,.

Consultation with stakeholders

The stakeholders of the Company are the members. They are regularly invited to meetings and provided with monthly updates. Open meetings allow for two way communication. A website exists with useful information for all. https://humshaughnetzero.org

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
2 August 2024

And signed on behalf of the board by:
Name: David Still
Status: Director