SEASIDE CIC

Company Registration Number:
09549404 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 1 May 2023

End date: 30 April 2024

SEASIDE CIC

Contents of the Financial Statements

for the Period Ended 30 April 2024

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

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Profit And Loss Account

for the Period Ended 30 April 2024

2024 2023


£

£
Turnover: 185,514 243,989
Cost of sales: ( 20,000 ) ( 4,367 )
Gross profit(or loss): 165,514 239,622
Administrative expenses: ( 182,949 ) ( 237,436 )
Operating profit(or loss): (17,435) 2,186
Interest payable and similar charges: ( 386 )
Profit(or loss) before tax: (17,821) 2,186
Tax: ( 549 )
Profit(or loss) for the financial year: (17,821) 1,637

SEASIDE CIC

Balance sheet

As at 30 April 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 763 2,813
Total fixed assets: 763 2,813
Current assets
Cash at bank and in hand: 151,453 269,189
Total current assets: 151,453 269,189
Creditors: amounts falling due within one year: 4 ( 92,906 ) ( 106,861 )
Net current assets (liabilities): 58,547 162,328
Total assets less current liabilities: 59,310 165,141
Creditors: amounts falling due after more than one year: 5 ( 30,101 ) ( 118,112 )
Total net assets (liabilities): 29,209 47,029
Capital and reserves
Called up share capital: 30 30
Profit and loss account: 29,179 46,999
Total Shareholders' funds: 29,209 47,029

The notes form part of these financial statements

SEASIDE CIC

Balance sheet statements

For the year ending 30 April 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 19 November 2024
and signed on behalf of the board by:

Name: Shabbir Gheewalla
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 30 April 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

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Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 5

SEASIDE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2023 16,418 16,418
Additions
Disposals
Revaluations
Transfers
At 30 April 2024 16,418 16,418
Depreciation
At 1 May 2023 13,605 13,605
Charge for year 2,050 2,050
On disposals
Other adjustments
At 30 April 2024 15,655 15,655
Net book value
At 30 April 2024 763 763
At 30 April 2023 2,813 2,813

SEASIDE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,000 2,000
Taxation and social security 2,098 13,409
Accruals and deferred income 28,808 30,479
Other creditors 60,000 60,973
Total 92,906 106,861

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Notes to the Financial Statements

for the Period Ended 30 April 2024

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

2024 2023
£ £
Other creditors 30,101 118,112
Total 30,101 118,112

COMMUNITY INTEREST ANNUAL REPORT

SEASIDE CIC

Company Number: 09549404 (England and Wales)

Year Ending: 30 April 2024

Company activities and impact

Assisting local authorities and their agents to provide temporary accommodation to (street homeless) statutory vulnerable homeless household for permanent re-settlement into local community.

Consultation with stakeholders

Brighton & Hove City Council St. Munyers Statutory vulnerable street homeless community in the vicinity of B& HCC instructions from B & HCC implemented for overall benefit of vulnerable household.

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
19 November 2024

And signed on behalf of the board by:
Name: Shabbir Gheewalla
Status: Director