KINGSWOOD COMMUNITY HOUSING CIC

Company limited by guarantee

Company Registration Number:
14457961 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 2 November 2022

End date: 30 November 2023

KINGSWOOD COMMUNITY HOUSING CIC

Contents of the Financial Statements

for the Period Ended 30 November 2023

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

KINGSWOOD COMMUNITY HOUSING CIC

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The director shown below has held office during the whole of the period from
2 November 2022 to 30 November 2023

Tendai TAPEDZA


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
24 August 2024

And signed on behalf of the board by:
Name: Tendai TAPEDZA
Status: Director

KINGSWOOD COMMUNITY HOUSING CIC

Profit And Loss Account

for the Period Ended 30 November 2023

13 months to 30 November 2023


£
Turnover: 14,235
Gross profit(or loss): 14,235
Administrative expenses: ( 14,815 )
Operating profit(or loss): (580)
Profit(or loss) before tax: (580)
Profit(or loss) for the financial year: (580)

KINGSWOOD COMMUNITY HOUSING CIC

Balance sheet

As at 30 November 2023

Notes 13 months to 30 November 2023


£
Current assets
Cash at bank and in hand: 20
Total current assets: 20
Creditors: amounts falling due within one year: 3 ( 600 )
Net current assets (liabilities): (580)
Total assets less current liabilities: (580)
Total net assets (liabilities): (580)
Members' funds
Profit and loss account: (580)
Total members' funds: ( 580)

The notes form part of these financial statements

KINGSWOOD COMMUNITY HOUSING CIC

Balance sheet statements

For the year ending 30 November 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 24 August 2024
and signed on behalf of the board by:

Name: Tendai TAPEDZA
Status: Director

The notes form part of these financial statements

KINGSWOOD COMMUNITY HOUSING CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs

KINGSWOOD COMMUNITY HOUSING CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    13 months to 30 November 2023
    Average number of employees during the period 1

KINGSWOOD COMMUNITY HOUSING CIC

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Creditors: amounts falling due within one year note

13 months to 30 November 2023
£
Accruals and deferred income 600
Total 600

COMMUNITY INTEREST ANNUAL REPORT

KINGSWOOD COMMUNITY HOUSING CIC

Company Number: 14457961 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

Affordable Housing: Our company has been able to create affordable housing options for low-income individuals, helping to address issues of homelessness and housing insecurity. Community Engagement: We also involve local residents in decision-making processes regarding housing projects, ensuring that the accommodations meet the actual needs of the community. Support Services: Beyond just providing housing, we often offer additional support services, such as community support, job training, and financial education, which help residents improve their overall well-being.

Consultation with stakeholders

With local community members, especially those affected by housing issues and also City council.Consultation was also done with Builders and property landlords who may be involved in housing projects. These consultations were done through community online forums and face to face meetings. Consultation with stakeholders not only helps in understanding the diverse needs related to affordable housing but also fosters community ownership and collaboration, ultimately leading to more successful housing initiatives.

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
24 August 2024

And signed on behalf of the board by:
Name: Tendai TAPEDZA
Status: Director