SEIL BIODIVERSITY CIC

Company limited by guarantee

Company Registration Number:
SC669353 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

SEIL BIODIVERSITY CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

SEIL BIODIVERSITY CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

Alan Ramsay COUTTS
Fiona Margaret COUTTS
Lisa Joanne ROBINSON
Ronald Alexander ROBINSON
Kim Yvonne ROWSWELL
John Mccallum SEDGWICK


The directors shown below have held office during the period of
1 August 2023 to 17 July 2024

Ray John TURNER
Susan Irene TURNER


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
20 November 2024

And signed on behalf of the board by:
Name: John Mccallum SEDGWICK
Status: Director

SEIL BIODIVERSITY CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Cost of sales: ( 2,396 )
Gross profit(or loss): (2,396)
Administrative expenses: ( 1,440 ) ( 886 )
Other operating income: 3,210 2,540
Operating profit(or loss): (626) 1,654
Profit(or loss) before tax: (626) 1,654
Tax: ( 306 )
Profit(or loss) for the financial year: (626) 1,348

SEIL BIODIVERSITY CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 1,742 2,201
Total current assets: 1,742 2,201
Creditors: amounts falling due within one year: 3 ( 1,061 ) ( 894 )
Net current assets (liabilities): 681 1,307
Total assets less current liabilities: 681 1,307
Total net assets (liabilities): 681 1,307
Members' funds
Profit and loss account: 681 1,307
Total members' funds: 681 1,307

The notes form part of these financial statements

SEIL BIODIVERSITY CIC

Balance sheet statements

For the year ending 31 July 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 20 November 2024
and signed on behalf of the board by:

Name: John Mccallum SEDGWICK
Status: Director

The notes form part of these financial statements

SEIL BIODIVERSITY CIC

Notes to the Financial Statements

for the Period Ended 31 July 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, 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.

SEIL BIODIVERSITY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SEIL BIODIVERSITY CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 306
Accruals and deferred income 424 263
Other creditors 637 325
Total 1,061 894

COMMUNITY INTEREST ANNUAL REPORT

SEIL BIODIVERSITY CIC

Company Number: SC669353 (Scotland)

Year Ending: 31 July 2024

Company activities and impact

The overall aims of the Company are to protect and enhance the Isle of Seil’s biodiversity; to repair important habitats that have been lost or are under threat and to generate and share information in order to tell Seil’s environment story. To further these aims we have undertaken during this financial year the Promoted Seil’s wildlife and remote places in a variety of public forums. Prevented the loss or degradation of important habitats through eradication programmes of non native invasive species (eg Rhododendron ponticum, Himalyan Balsam, American mink). Promoted environmental research, education and record keeping in conjunction with a number of local and national ecological organisations (eg The Woodland Trust; Lorn Natural History Society).Undertaken collaborative work with local landowners, residents and businesses to promote and implement the Company’s objectives to the mutual benefit of the community, visitors and wildlife.

Consultation with stakeholders

The company’s stakeholders are residents of and visitors to the Isle of Seil. All the directors of the company have lived on the island for a number of years and some of the directors have pursued careers in environmental protection that have given the company an understanding of the of the policies and procedures that are meant to protect and enhance our islands biodiversity. Over the past year the company has continued with the following projects, with the assistance of and collaboration with ACT (Argyll and the Isles Coast & Countryside Trust) we have progressed our primary focus of reconnecting isolated pockets of ancient woodland on the island.Carrying out techniques that assist natural regeneration, incorporate direct seeding and enrichment planting with locally collected seed. Focussing restoration efforts on marginal ground in between remnant pockets creating a patchwork of natural regenerating enclosures.Formalise deer and rabbit management on Seil.Assisting with farm diversification on Seil. Getting ahead of the game and helping Scotland meet its 2030 30% of land restored for nature, and 2045 net-zero targets.Facilitating on island training, workshops and events relating to rainforest restoration. Facilitating local enterprise associated with rainforest restoration on Seil.Ensuring the project evolves through the partnership between ACT and Seil Island community and leaves an enduring legacy.

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
20 November 2024

And signed on behalf of the board by:
Name: John Sedgwick
Status: Director