SEEND COMMUNITY LAND AND ASSET TRUST CIC

Company limited by guarantee

Company Registration Number:
11485428 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

Development of building projects for the community benefit of the Seend, Wiltshire area.



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Steven Vaux
John Williams
Benjamin Hubert


Secretary Steven Vaux

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
16 July 2024

And signed on behalf of the board by:
Name: Steven Vaux
Status: Secretary

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: ( 431 ) ( 1,536 )
Gross profit(or loss): (431) (1,536)
Operating profit(or loss): (431) (1,536)
Profit(or loss) before tax: (431) (1,536)
Tax: 0 0
Profit(or loss) for the financial year: (431) (1,536)

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1 1
Investments:   0 0
Total fixed assets: 1 1
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 14,588 15,020
Investments:   0 0
Total current assets: 14,588 15,020
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 14,588 15,020
Total assets less current liabilities: 14,589 15,021
Creditors: amounts falling due after more than one year: 4 0 ( 1 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 14,589 15,020
Members' funds
Profit and loss account: 14,589 15,020
Total members' funds: 14,589 15,020

The notes form part of these financial statements

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Balance sheet statements

For the year ending 30 June 2024 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 16 July 2024
and signed on behalf of the board by:

Name: Steven Vaux
Status: Director

The notes form part of these financial statements

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 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

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 4

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 1 1
Additions
Disposals
Revaluations
Transfers
At 30 June 2024 1 1
Depreciation
At 1 July 2023 0 0
Charge for year
On disposals
Other adjustments
At 30 June 2024 0 0
Net book value
At 30 June 2024 1 1
At 30 June 2023 1 1

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 0 1
Total 0 1

COMMUNITY INTEREST ANNUAL REPORT

SEEND COMMUNITY LAND AND ASSET TRUST CIC

Company Number: 11485428 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The company has facilitated provision of 10 affordable passive homes for rental and shared ownership. The homes were made available for occupation by residents of the Parish of Seend and those with a connection to Seend through family or occupation. The homes will remain affordable in perpetuity for the above qualifying people.

Consultation with stakeholders

There is a process of continuous consultation with the stakeholders who are the subscribers to the Community Interest Company and the general parish population. The CIC works in the interests of all members of the parish. Where CIC projects are not active the consultation takes place through social events and the CIC Annual General Meeting. Th last general meeting was held on 3 October 2024.

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
16 July 2024

And signed on behalf of the board by:
Name: Steven Vaux
Status: Director