THE SEAWEED RESTORATION PROJECT CIC

Company Registration Number:
13979719 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

THE SEAWEED RESTORATION PROJECT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

THE SEAWEED RESTORATION PROJECT CIC

Directors' report period ended 31 March 2024

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

Principal activities of the company

- secured public and charitable funding fof research in kelp restoration - applied for a marine licence to carry out the research- working with scientists, funders and NGOs to oversee the project- support two PhD students

Political and charitable donations

We help to secure funding from the following charity. This money was sent direct to a project partner (CCDL Innovation Limited) who managed all the project’s finances:Dixon Foundation - £10k



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Alison Freeman


The director shown below has held office during the period of
10 January 2024 to 26 February 2024

Sian Moody


The director shown below has held office during the period of
4 January 2024 to 26 February 2024

Laura Miles-Boardman


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
13 August 2024

And signed on behalf of the board by:
Name: Alison Freeman
Status: Director

THE SEAWEED RESTORATION PROJECT CIC

Profit And Loss Account

for the Period Ended 31 March 2024

2024 13 months to 31 March 2023


£

£
Turnover: 0 2,500
Cost of sales: ( 508 ) 0
Gross profit(or loss): (508) 2,500
Distribution costs: 0 ( 1,991 )
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): (508) 509
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (508) 509
Tax: 0 0
Profit(or loss) for the financial year: (508) 509

THE SEAWEED RESTORATION PROJECT CIC

Balance sheet

As at 31 March 2024

Notes 2024 13 months to 31 March 2023


£

£
Called up share capital not paid: 1 1
Fixed assets
Intangible assets:   0 0
Tangible assets:   0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 508
Investments:   0 0
Total current assets: 0 508
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 0 508
Total assets less current liabilities: 1 509
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 1 509
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 0 508
Total Shareholders' funds: 1 509

The notes form part of these financial statements

THE SEAWEED RESTORATION PROJECT CIC

Balance sheet statements

For the year ending 31 March 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.

This report was approved by the board of directors on 13 August 2024
and signed on behalf of the board by:

Name: Alison Freeman
Status: Director

The notes form part of these financial statements

THE SEAWEED RESTORATION PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

THE SEAWEED RESTORATION PROJECT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 13 months to 31 March 2023
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

THE SEAWEED RESTORATION PROJECT CIC

Company Number: 13979719 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The CIC helped to coordinate and secure charitable funds for a research project to test an active kelp restoration technique in England. The CIC also helped to oversee and secure funding for two PhD students with the Marine Biological Association and Newcastle University.

Consultation with stakeholders

Marine Biological Association Newcastle University Plymouth Fishing and Seafood Association Dixon Foundation Seafarers Charity Fishmongers’ Company

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 August 2024

And signed on behalf of the board by:
Name: Alison Freeman
Status: Director