NEW HORIZON SUPPORT HOMES CIC

Company limited by guarantee

Company Registration Number:
14548796 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 19 December 2022

End date: 31 December 2023

NEW HORIZON SUPPORT HOMES 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

NEW HORIZON SUPPORT HOMES 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

Other Accomodation; Residents Property Management



Directors

The directors shown below have held office during the whole of the period from
19 December 2022 to 31 December 2023

Mr Munyaradzi Makuwaza
Mr Martin Kimacia Wahinya


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
20 September 2024

And signed on behalf of the board by:
Name: Mr Martin Kimacia Wahinya
Status: Director

NEW HORIZON SUPPORT HOMES CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023


£
Turnover: 0
Cost of sales: ( 59,661 )
Gross profit(or loss): (59,661)
Administrative expenses: ( 1,017 )
Operating profit(or loss): (60,678)
Profit(or loss) before tax: (60,678)
Tax: 11,529
Profit(or loss) for the financial year: (49,149)

NEW HORIZON SUPPORT HOMES CIC

Balance sheet

As at 31 December 2023

Notes 2023


£
Current assets
Debtors: 3 11,529
Cash at bank and in hand: 2,433
Total current assets: 13,962
Creditors: amounts falling due within one year: 4 ( 63,111 )
Net current assets (liabilities): (49,149)
Total assets less current liabilities: (49,149)
Total net assets (liabilities): (49,149)
Members' funds
Profit and loss account: (49,149)
Total members' funds: ( 49,149)

The notes form part of these financial statements

NEW HORIZON SUPPORT HOMES 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 23 September 2024
and signed on behalf of the board by:

Name: Mr Martin Kimacia Wahinya
Status: Director

The notes form part of these financial statements

NEW HORIZON SUPPORT HOMES 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

    Other accounting policies

    Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

NEW HORIZON SUPPORT HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023
    Average number of employees during the period 2

NEW HORIZON SUPPORT HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023
£
Trade debtors 0
Other debtors 11,529
Total 11,529

NEW HORIZON SUPPORT HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023
£
Trade creditors 63,111
Total 63,111

NEW HORIZON SUPPORT HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Loans to directors

Name of director receiving advance or credit:
Description of the transaction:
Director's Credit
£
Balance at
Advances or credits made: 63,111
Advances or credits repaid:
Balance at 31 December 2023 63,111

COMMUNITY INTEREST ANNUAL REPORT

NEW HORIZON SUPPORT HOMES CIC

Company Number: 14548796 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

New Horizon Support Homes CIC is a company that support people with diverse and complex needs to live fulfilling and independent lives in the community. We are proud to be known for providing extraordinary support and for celebrating the positivity, individuality and ambition of each person.

Consultation with stakeholders

New Horizon has acquired a property in Surbiton, Kingston and is accommodating one service user supported by carers. Another service user is currently transitioning and will be discharged to the property in October 2024. The feedback from the client is good. He enjoys the location and the space.

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
23 September 2024

And signed on behalf of the board by:
Name: Mr Martin Kimacia Wahinya
Status: Director