GREENMEAD HOUSING CIC

Company limited by guarantee

Company Registration Number:
13932281 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

GREENMEAD HOUSING CIC

Contents of the Financial Statements

for the Period Ended 29 February 2024

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

GREENMEAD HOUSING CIC

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal activities of the company

The company's principal activity during the year continued to be renting and operating of Housing Association real estate.



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 29 February 2024

Deepa Mathew


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
27 November 2024

And signed on behalf of the board by:
Name: Deepa Mathew
Status: Director

GREENMEAD HOUSING CIC

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 98,322 0
Cost of sales: ( 69,970 ) ( 23,246 )
Gross profit(or loss): 28,352 (23,246)
Distribution costs: 0 0
Administrative expenses: ( 37,519 ) ( 4,389 )
Other operating income: 0 0
Operating profit(or loss): (9,167) (27,635)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (9,167) (27,635)
Tax: 0 0
Profit(or loss) for the financial year: (9,167) (27,635)

GREENMEAD HOUSING CIC

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 100 100
Cash at bank and in hand: 25,062 8,027
Investments:   0 0
Total current assets: 25,162 8,127
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 34,363 ) ( 8,161 )
Net current assets (liabilities): (9,201) (34)
Total assets less current liabilities: (9,201) ( 34)
Creditors: amounts falling due after more than one year: 5 ( 800 ) ( 800 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (10,001) (834)
Members' funds
Profit and loss account: (10,001) ( 834)
Total members' funds: ( 10,001) (834)

The notes form part of these financial statements

GREENMEAD HOUSING CIC

Balance sheet statements

For the year ending 29 February 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 27 November 2024
and signed on behalf of the board by:

Name: Deepa Mathew
Status: Director

The notes form part of these financial statements

GREENMEAD HOUSING CIC

Notes to the Financial Statements

for the Period Ended 29 February 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Other accounting policies

    Debtors are measured at transaction price less any impairment losses. Creditors are measured at transaction price.

GREENMEAD HOUSING CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

GREENMEAD HOUSING CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 100 100
Total 100 100
Debtors due after more than one year: 0 0

GREENMEAD HOUSING CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 33,863 7,801
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 500 360
Total 34,363 8,161

GREENMEAD HOUSING CIC

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. 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 800 800
Total 800 800

COMMUNITY INTEREST ANNUAL REPORT

GREENMEAD HOUSING CIC

Company Number: 13932281 (England and Wales)

Year Ending: 29 February 2024

Company activities and impact

The services provided by Greenmead Housing CIC has had a positive impact on the local community. It has done so by the provision of much needed housing for people who suffer from enduring mental illnesses. A sense of Community inclusion and engagement is crucial for individuals who suffer from mental illness. Greenmead Housing CIC focus on fostering a supportive community atmosphere within their housing projects, encouraging social interactions and reducing isolation.

Consultation with stakeholders

Stakeholders are the local authorities. Greenmead Housing CIC works closely with local authorities, government agencies and mental health organisations to ensure that their housing initiatives align with broader community and mental health strategies.

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
27 November 2024

And signed on behalf of the board by:
Name: Deepa Mathew
Status: Director