THE JATIS PROJECT C.I.C.

Company Registration Number:
05071504 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

THE JATIS PROJECT C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE JATIS PROJECT C.I.C.

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

Principal activities of the company

The principle activity of the company is that of the provision of accommodation based support for tenants with drug or alcohol misuse.



Directors

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

Mr S Caldwell
Ms H Randle


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
10 January 2025

And signed on behalf of the board by:
Name: Mr S Caldwell
Status: Director

THE JATIS PROJECT C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 3,405 4,231
Total fixed assets: 3,405 4,231
Current assets
Debtors: 4 438 5,775
Cash at bank and in hand: 665 7,699
Total current assets: 1,103 13,474
Creditors: amounts falling due within one year: 5 ( 42,933 ) ( 50,745 )
Net current assets (liabilities): (41,830) (37,271)
Total assets less current liabilities: (38,425) ( 33,040)
Creditors: amounts falling due after more than one year: 6 ( 34,626 ) ( 36,927 )
Provision for liabilities: ( 851 )
Total net assets (liabilities): (73,902) (69,967)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (74,002 ) (70,067 )
Total Shareholders' funds: ( 73,902 ) (69,967)

The notes form part of these financial statements

THE JATIS PROJECT C.I.C.

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 10 January 2025
and signed on behalf of the board by:

Name: Mr S Caldwell
Status: Director

The notes form part of these financial statements

THE JATIS PROJECT C.I.C.

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

    Turnover policy

    Turnover comprises of the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. The company recognises revenue based on the value of the services provided to date.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

    Other accounting policies

    Going concern The financial statements have been prepared on a going concern basis. As at 31 March 2022 the company had net liabilities of £70,323 and is reliant on the continued support of it's creditors. Defined contribution schemes Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Deferred tax Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted. Financial instruments Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment. Basic financial assets receivable within more than one year are measured at amortised cost less any impairment. Derecognition of financial assets Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Basic financial liabilities Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price. Other basic financial liabilities are measured at amortised cost. Derecognition of financial liabilities Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

THE JATIS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 4

THE JATIS PROJECT C.I.C.

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 £ £ £ £ £ £
At 1 April 2023 28,192 12,419 10,000 50,611
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 28,192 12,419 10,000 50,611
Depreciation
At 1 April 2023 24,828 12,303 9,249 46,380
Charge for year 566 72 188 826
On disposals
Other adjustments
At 31 March 2024 25,394 12,375 9,437 47,206
Net book value
At 31 March 2024 2,798 44 563 3,405
At 31 March 2023 3,364 116 751 4,231

THE JATIS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 438 3,047
Other debtors 2,728
Total 438 5,775

THE JATIS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 5,995 6,535
Trade creditors 329
Taxation and social security 3,251 12,811
Other creditors 33,687 31,070
Total 42,933 50,745

THE JATIS PROJECT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

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

2024 2023
£ £
Bank loans and overdrafts 34,626 36,927
Total 34,626 36,927

COMMUNITY INTEREST ANNUAL REPORT

THE JATIS PROJECT C.I.C.

Company Number: 05071504 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

The Jatis Project C.I.C provides accommodation based support for tenants with drug or alcohol misuse.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The aggregate amount of emoluments paid to the directors in respect of qualifying services was £41,147.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 January 2025

And signed on behalf of the board by:
Name: Mr S Caldwell
Status: Director