for the Period Ended 31 March 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
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
Secretary
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
8 months to 31 March 2024 | ||
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£ |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
Notes | 8 months to 31 March 2024 | ||
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: |
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Tangible assets: | 3 |
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Investments: |
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Total fixed assets: |
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Current assets | |||
Stocks: | 4 |
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Debtors: | 5 |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 6 |
(
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 7 |
(
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
( |
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Capital and reserves | |||
Called up share capital: |
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Share premium account: |
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Other reserves: |
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Profit and loss account: |
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Total Shareholders' funds: |
( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2024
Basis of measurement and preparation
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 March 2024
8 months to 31 March 2024 | ||
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Average number of employees during the period |
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for the Period Ended 31 March 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 31 March 2024 |
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Depreciation | ||||||
Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 31 March 2024 |
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Net book value | ||||||
At 31 March 2024 |
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for the Period Ended 31 March 2024
8 months to 31 March 2024 | ||
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£ | ||
Stocks |
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Total |
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for the Period Ended 31 March 2024
8 months to 31 March 2024 | ||
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£ | ||
Other debtors |
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Total |
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for the Period Ended 31 March 2024
8 months to 31 March 2024 | ||
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£ | ||
Bank loans and overdrafts |
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Accruals and deferred income |
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Total |
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for the Period Ended 31 March 2024
8 months to 31 March 2024 | ||
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£ | ||
Other creditors |
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Total |
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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.
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.
No remuneration was received
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