STRAWBERRY FIELD HOMES CIC

Company Registration Number:
15063217 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 10 August 2023

End date: 31 March 2024

STRAWBERRY FIELD HOMES CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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

STRAWBERRY FIELD HOMES CIC

Directors' report period ended 31 March 2024

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

Additional information

Review of the Business During the financial year the Directors, working with a Project Team comprising Members of the cooperative and our professional advisors have continued to raise grant funding and complete preconstruction work to satisfy our planning consent to build affordable homes for rent and shared ownership to enable those with local family ties or employment to remain living in our rural community.



Directors

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

Alan McInnes
Christine Cogdell
Brendan O'Connor


Secretary Christine Cogdell

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
23 January 2025

And signed on behalf of the board by:
Name: Alan McInnes
Status: Director

STRAWBERRY FIELD HOMES CIC

Profit And Loss Account

for the Period Ended 31 March 2024

8 months to 31 March 2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: ( 39,983 )
Other operating income: 0
Operating profit(or loss): (39,983)
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: (39,983)
Tax: 0
Profit(or loss) for the financial year: (39,983)

STRAWBERRY FIELD HOMES CIC

Balance sheet

As at 31 March 2024

Notes 8 months to 31 March 2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 47
Investments:   0
Total fixed assets: 47
Current assets
Stocks: 4 1,038,696
Debtors: 5 8,087
Cash at bank and in hand: 242,595
Investments:   0
Total current assets: 1,289,378
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 6 ( 266,597 )
Net current assets (liabilities): 1,022,781
Total assets less current liabilities: 1,022,828
Creditors: amounts falling due after more than one year: 7 ( 1,092,591 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (69,763)
Capital and reserves
Called up share capital: 1
Share premium account: 0
Other reserves: 0
Profit and loss account: (69,764 )
Total Shareholders' funds: ( 69,763 )

The notes form part of these financial statements

STRAWBERRY FIELD HOMES CIC

Balance sheet statements

For the year ending 31 March 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 23 January 2025
and signed on behalf of the board by:

Name: Alan McInnes
Status: Director

The notes form part of these financial statements

STRAWBERRY FIELD HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Computer Equipment 20%

    Other accounting policies

    2.3. Stocks and Work in Progress Costs directly related to the housing development have been allocated to work in progress (construction of properties to be sold) on the balance sheet. Borrowing costs relating to the construction of properties are added to work in progress. 2.4. Government Grant Government grants are recognised in the revenue account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the revenue account. Grants towards general activities of the entity over a specific period are recognised in the revenue account over that period.

STRAWBERRY FIELD HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    8 months to 31 March 2024
    Average number of employees during the period 0

STRAWBERRY FIELD HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1,043 1,043
Disposals
Revaluations
Transfers
At 31 March 2024 1,043 1,043
Depreciation
Charge for year 996 996
On disposals
Other adjustments
At 31 March 2024 996 996
Net book value
At 31 March 2024 47 47

STRAWBERRY FIELD HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

8 months to 31 March 2024
£
Stocks 1,038,696
Total 1,038,696

STRAWBERRY FIELD HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

8 months to 31 March 2024
£
Other debtors 8,087
Total 8,087

STRAWBERRY FIELD HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

8 months to 31 March 2024
£
Bank loans and overdrafts 261,447
Accruals and deferred income 5,150
Total 266,597

STRAWBERRY FIELD HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

8 months to 31 March 2024
£
Other creditors 1,092,591
Total 1,092,591

COMMUNITY INTEREST ANNUAL REPORT

STRAWBERRY FIELD HOMES CIC

Company Number: 15063217 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The company completed its transition from the original Herstmonceux Community Land Trust and has negotiated with lenders and contractors for the construction of 17 homes for Herstmonceux Community Homes Trust, Charitable Community Benefit Society 8881, which is the sole shareholder of Strawberry Field Homes CIC. The pre-construction phase of the project is ongoing, with the intention to provided rented, shared ownership, and market sale for homes for people with tangible connections to the parish of Herstmonceux and surrounding area. The homes are to be built on land owned by the CIC at Windmill Hill, Herstmonceux, East Sussex.

Consultation with stakeholders

During the year the CIC and Trust kept the local community aware of developments. 40 individuals who had previously expressed an interest in occupying the homes were consulted regarding their current needs and this resulted in 34 confirming their need and desire for the community homes as at April 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
23 January 2025

And signed on behalf of the board by:
Name: Alan McInnes
Status: Director