GREEN CIRCLE NATURE REGENERATION CIC

Company limited by guarantee

Company Registration Number:
13084569 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

GREEN CIRCLE NATURE REGENERATION CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

GREEN CIRCLE NATURE REGENERATION CIC

Directors' report period ended 31 December 2023

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

Principal activities of the company

Directors responsibilities statement: The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under Company law the directors must not approve the financial Statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; and - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

MS. B.N.Z. BHAGWAN
MS. V. KHUSHALBHAI


The director shown below has held office during the period of
1 January 2023 to 9 July 2023

MR. B.G. STOCKING


The director shown below has held office during the period of
16 May 2023 to 31 December 2023

MS. V. PARKES


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
18 July 2024

And signed on behalf of the board by:
Name: MS. B.N.Z. BHAGWAN
Status: Director

GREEN CIRCLE NATURE REGENERATION CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 10,458 6,017
Cost of sales: 0 ( 2,386 )
Gross profit(or loss): 10,458 3,631
Distribution costs: 0 0
Administrative expenses: ( 2,672 ) ( 1,787 )
Other operating income: 0 0
Operating profit(or loss): 7,786 1,844
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 7,786 1,844
Tax: ( 738 ) ( 430 )
Profit(or loss) for the financial year: 7,048 1,414

GREEN CIRCLE NATURE REGENERATION CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 11,058 2,557
Investments:   0 0
Total fixed assets: 11,058 2,557
Current assets
Stocks:   0 0
Debtors: 4 62 61
Cash at bank and in hand: 1,054 2
Investments:   0 0
Total current assets: 1,116 63
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 3,984 ) ( 2,216 )
Net current assets (liabilities): (2,868) (2,153)
Total assets less current liabilities: 8,190 404
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 1,390 ) ( 652 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 6,800 (248)
Members' funds
Profit and loss account: 6,800 ( 248)
Total members' funds: 6,800 (248)

The notes form part of these financial statements

GREEN CIRCLE NATURE REGENERATION CIC

Balance sheet statements

For the year ending 31 December 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 18 July 2024
and signed on behalf of the board by:

Name: MS. B.N.Z. BHAGWAN
Status: Director

The notes form part of these financial statements

GREEN CIRCLE NATURE REGENERATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 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 represents the total value, including value added tax, of services provided and grants received during the year and derives from the company’s ordinary activities.

    Tangible fixed assets depreciation policy

    Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

    Other accounting policies

    TAXATIONThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal ofthe timing difference.GOVERNMENT GRANTSGovernment grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model.NON-EXCHANGE TRANSACTIONSTurnover includes grant income of £9,408 received from Severn Trent Water (Company number 02366686) for the purchase of a boat. As all conditions attached to this non-exchange transaction have been met, the grant has been recognised in the profit and loss account in full in accordance with Section 34.67 of FRS102. There were are no unfulfilled conditions or other contingencies attached to this grant.

GREEN CIRCLE NATURE REGENERATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 1

GREEN CIRCLE NATURE REGENERATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 2,906 2,906
Additions 9,408 9,408
Disposals
Revaluations
Transfers
At 31 December 2023 12,314 12,314
Depreciation
At 1 January 2023 349 349
Charge for year 907 907
On disposals
Other adjustments
At 31 December 2023 1,256 1,256
Net book value
At 31 December 2023 11,058 11,058
At 31 December 2022 2,557 2,557

GREEN CIRCLE NATURE REGENERATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Prepayments and accrued income 62 61
Total 62 61

GREEN CIRCLE NATURE REGENERATION CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Accruals and deferred income 917 900
Other creditors 3,067 1,316
Total 3,984 2,216

COMMUNITY INTEREST ANNUAL REPORT

GREEN CIRCLE NATURE REGENERATION CIC

Company Number: 13084569 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Our mission is to preserve and restore nature for future generations by physically removing pollution, implementing cost-effective solutions, and educating people. Our aim is to improve the health of our waterways, starting with the River Soar in Leicester for our local communities to enjoy. By restoring green and aquatic spaces we will help the wellbeing and mental health of the people who live and visit these areas. We take action - both proactive and reactive, to preserve and restore nature for the local communities and their children, our future. We started our latest River Guardianship project by purchasing a boat, funded by Severn Trent Water. We increased the biodiversity of the area in an environmentally responsible and cost-effective way in partnership with local organisations and the Environment Agency for the benefit of the local community. The work continues to build each year. Our work for the community also includes education and opening up green and blue spaces to allow access which improves physical and mental well-being. We have two interlinked strands: Outdoor training in environmental stewardship and environmental experiences. Education Future funding will enable us to contract our operations manager to work full time and as such he can spearhead and deliver more of our current programs. We will also develop a new more ‘educational’ side (around STEM learning) drawing on the expertise and experience of our directors. We have also delivered contract work for the University of Leicester, supporting their research and teaching. Our latest project is at Fosse Meadows working with Blaby District Council to increase biodiversity. Looking to the future, we will be building on this further to deliver even more results.

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
17 May 2024

And signed on behalf of the board by:
Name: MS. B.N.Z. BHAGWAN
Status: Director