MIRACLE SOCIAL HOMES CIC

Company limited by guarantee

Company Registration Number:
13060907 (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

MIRACLE SOCIAL 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

MIRACLE SOCIAL 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

Providing Accommodation and Care for vulnerable and challenging young people



Directors

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

Chloe Freeman
Siobhan Patterson
Emma Zindani


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
4 August 2024

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

MIRACLE SOCIAL HOMES CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 589,192 279,339
Cost of sales: ( 147,684 ) ( 99,524 )
Gross profit(or loss): 441,508 179,815
Distribution costs: ( 35,391 )
Administrative expenses: ( 393,795 ) ( 120,946 )
Other operating income: 10,000 1,000
Operating profit(or loss): 22,322 59,869
Interest payable and similar charges: ( 646 )
Profit(or loss) before tax: 21,676 59,869
Tax: ( 1,697 ) ( 8,412 )
Profit(or loss) for the financial year: 19,979 51,457

MIRACLE SOCIAL HOMES CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 27,949 19,259
Total fixed assets: 27,949 19,259
Current assets
Debtors: 4 29,978
Cash at bank and in hand: 27,100 29,030
Total current assets: 27,100 59,008
Creditors: amounts falling due within one year: 5 ( 5,910 ) ( 16,557 )
Net current assets (liabilities): 21,190 42,451
Total assets less current liabilities: 49,139 61,710
Creditors: amounts falling due after more than one year: 6 ( 29,001 )
Provision for liabilities: ( 159 )
Total net assets (liabilities): 19,979 61,710
Members' funds
Profit and loss account: 19,979 61,710
Total members' funds: 19,979 61,710

The notes form part of these financial statements

MIRACLE SOCIAL 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 4 August 2024
and signed on behalf of the board by:

Name: Chloe Freeman
Status: Director

The notes form part of these financial statements

MIRACLE SOCIAL 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

    Comprises total income net of VAT and any discounts

    Tangible fixed assets depreciation policy

    Costs or valuation less depreciation and provision for impairment. Depreciation is calculated to write off the cost at 25/4

MIRACLE SOCIAL HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 3

MIRACLE SOCIAL HOMES 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 19,259 19,259
Additions 8,690 8,690
Disposals
Revaluations
Transfers
At 31 December 2023 27,949 27,949
Depreciation
At 1 January 2023
Charge for year
On disposals
Other adjustments
At 31 December 2023
Net book value
At 31 December 2023 27,949 27,949
At 31 December 2022 19,259 19,259

MIRACLE SOCIAL HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 29,978
Total   29,978

MIRACLE SOCIAL HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 5,910 16,557
Total 5,910 16,557

MIRACLE SOCIAL HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023
£
Amounts due under finance leases and hire purchase contracts 29,001
Total 29,001

COMMUNITY INTEREST ANNUAL REPORT

MIRACLE SOCIAL HOMES CIC

Company Number: 13060907 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

They provide care and accommodation for vulnerable and challenged young person, teaching them how to balance their finances, shopping, cooking and preparing them for rejoining society.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £191,417. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
4 August 2024

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