HIGH HEATHERCOMBE C.I.C.

Company limited by guarantee

Company Registration Number:
04306359 (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

HIGH HEATHERCOMBE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HIGH HEATHERCOMBE C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 227 339
Investments:   0 0
Total fixed assets: 227 339
Current assets
Stocks:   0 0
Debtors: 4 2,112 1,339
Cash at bank and in hand: 11,876 24,955
Total current assets: 13,988 26,294
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 28,127 ) ( 33,425 )
Net current assets (liabilities): (14,139) (7,131)
Total assets less current liabilities: (13,912) ( 6,792)
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): (13,912) (6,792)
Members' funds
Profit and loss account: (13,912) ( 6,792)
Total members' funds: ( 13,912) (6,792)

The notes form part of these financial statements

HIGH HEATHERCOMBE C.I.C.

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.

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 19 September 2024
and signed on behalf of the board by:

Name: Mr J D Pike
Status: Director

The notes form part of these financial statements

HIGH HEATHERCOMBE C.I.C.

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

    The turnover shown in the Income and Expenditure Account represents letting income, income due from the running of courses during the year and the sale of exhibition items.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows: Office equipment 33% reducing balance. Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

    Other accounting policies

    Going concern The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £13,912. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. Taxation Current tax Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Deferred tax Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted. Financial instruments Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment. Basic financial assets receivable within more than one year are measured at amortised cost less any impairment. Derecognition of financial assets Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Basic financial liabilities Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price. Other basic financial liabilities are measured at amortised cost. Derecognition of financial liabilities Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

HIGH HEATHERCOMBE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

HIGH HEATHERCOMBE C.I.C.

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 3,367 3,367
Additions 0 0
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 December 2023 3,367 3,367
Depreciation
At 1 January 2023 3,028 3,028
Charge for year 112 112
On disposals 0 0
Other adjustments 0 0
At 31 December 2023 3,140 3,140
Net book value
At 31 December 2023 227 227
At 31 December 2022 339 339

HIGH HEATHERCOMBE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,131 970
Prepayments and accrued income 981 369
Total 2,112 1,339

HIGH HEATHERCOMBE C.I.C.

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 12,006 17,304
Other creditors 16,121 16,121
Total 28,127 33,425

HIGH HEATHERCOMBE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Loan to the directors.
£
Balance at 31 December 2022 16,121
Advances or credits made:
Advances or credits repaid:
Balance at 31 December 2023 16,121

COMMUNITY INTEREST ANNUAL REPORT

HIGH HEATHERCOMBE C.I.C.

Company Number: 04306359 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

The company is operating a residential centre known as High Heathercombe at Heather-Combe Brake near Manaton on the eastern edge of Dartmoor. It has a resident housekeeper and can accommodate up to a maximum of 25 people on a self-catering basis. An adjoining building contains a recreation room suitable for meetings and other group activities. During the financial year ended 31 December 2023, High Heathercombe C.I.C has benefited the community by the provision of residential facilities for various charitable purposes.

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
3 September 2024

And signed on behalf of the board by:
Name: Mr John Pike
Status: Director