for the Period Ended 31 May 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 May 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
5 May 2023
to
31 May 2024
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
13 months to 31 May 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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Administrative expenses: |
(
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Operating profit(or loss): |
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Profit(or loss) before tax: |
( |
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Profit(or loss) for the financial year: |
( |
As at
Notes | 13 months to 31 May 2024 | ||
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 3 |
(
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Net current assets (liabilities): |
( |
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Total assets less current liabilities: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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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 May 2024
Basis of measurement and preparation
for the Period Ended 31 May 2024
13 months to 31 May 2024 | ||
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Average number of employees during the period |
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for the Period Ended 31 May 2024
13 months to 31 May 2024 | ||
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£ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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Total |
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Promoveo Supported Housing CIC is making a profound impact on individuals and communities by addressing a range of critical issues. Promoveo Supported Housing are empowering homeless individuals by providing them with the necessary support and resources to regain independence. By offering programs focused on mental health support, independent living skills, and addiction recovery, we are helping individuals break free from the cycle of homelessness and rebuild their lives. This then leaves clients with the skills and knowledge to advocate for themselves throughout the rest of their adult life. Mental Health Support: Mental health is a significant challenge for many homeless individuals. By prioritising mental health services, Promoveo Supported Housing are addressing a crucial aspect of overall well-being. Through counselling, therapy, and support groups, they are helping clients cope with trauma, manage stress, and develop healthy coping mechanisms. After the mental health support is provided, clients are then able to reach out to all services that are needed if ever mental health dips again or declines in any way, clients know and have the life long skills to be able to support themselves when living independently. Independent Living Skills: Promoveo Supported Housing understands that independent living skills are essential for long-term stability. By offering programs focused on teaching practical skills such as budgeting, cooking, and time management, they are equipping individuals with the tools they need to thrive independently. Addiction Recovery: Addiction is a complex issue that often contributes to homelessness. Promoveo Supported Housing’ focus on addiction recovery is crucial for helping individuals overcome substance abuse and regain control of their lives. Through counselling, support groups, and access to rehabilitation services, they are facilitating the journey to recovery and supporting individuals in leading healthier, substance-free lives. Community Integration: Promoveo Supported Housing are not only focused on individual transformation but also on fostering community integration. By providing opportunities for homeless individuals to re-engage with society through volunteer work, employment training, and community activities, they are helping to break down barriers and create a sense of belonging. Long-Term Impact: Promoveo Supported Housing’ holistic approach recognises that sustainable change takes time. By offering ongoing support and follow-up services, they are ensuring that individuals have the resources and guidance they need to maintain their progress and continue on the path to a positive future. By transitioning into employment, former clients of Promoveo Supported Housing become active contributors to the local economy. They pay taxes, support local businesses, and participate in the economic growth of their communities. As individuals gain the skills and confidence to navigate life independently, they rely less on community resources and social services. This helps alleviate the strain on public assistance programs and allows resources to be redirected to those in greater need. Former clients who have successfully transitioned to stability and employment become valuable role models and mentors for others facing similar challenges. Their stories of resilience and success inspire hope and motivation in others, fostering a sense of community support and encouragement. Having benefited from the support of Promoveo Supported Housing, former clients are often eager to give back to their communities. Whether through volunteer work, advocacy, or mentorship, they play an active role in supporting and uplifting others who are still on their journey to stability and independence. Through their contributions to community projects, events, and initiatives, former clients of Promoveo Supported Housing actively participate in the development and enhancement of their communities. Their involvement helps create stronger, more vibrant neighbourhood's and fosters a sense of pride and belonging among residents. Overall, Promoveo Supported Housing are making a significant difference in the lives of homeless individuals by addressing their unique needs and empowering them to build brighter futures. Through their comprehensive approach to support and advocacy, they are not only transforming individual lives but also contributing to the well-being of communities as a whole.
No consultation with stakeholders
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
28 January 2025
And signed on behalf of the board by:
Name: Mr Ashley McMullin
Status: Director