PROMOVEO SUPPORTED HOUSING CIC

Company Registration Number:
14849758 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 5 May 2023

End date: 31 May 2024

PROMOVEO SUPPORTED HOUSING CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

PROMOVEO SUPPORTED HOUSING CIC

Directors' report period ended 31 May 2024

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

Principal activities of the company

Renting and operating of Housing Association real estate



Directors

The directors shown below have held office during the whole of the period from
5 May 2023 to 31 May 2024

Mr Ashley McMullin
Mr Bartosz Kopydlowski
Mr Matthew Austin


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
28 January 2025

And signed on behalf of the board by:
Name: Mr Ashley McMullin
Status: Director

PROMOVEO SUPPORTED HOUSING CIC

Profit And Loss Account

for the Period Ended 31 May 2024

13 months to 31 May 2024


£
Turnover: 97,670
Cost of sales: ( 81,762 )
Gross profit(or loss): 15,908
Administrative expenses: ( 35,449 )
Operating profit(or loss): (19,541)
Profit(or loss) before tax: (19,541)
Profit(or loss) for the financial year: (19,541)

PROMOVEO SUPPORTED HOUSING CIC

Balance sheet

As at 31 May 2024

Notes 13 months to 31 May 2024


£
Current assets
Cash at bank and in hand: 18,145
Total current assets: 18,145
Creditors: amounts falling due within one year: 3 ( 37,686 )
Net current assets (liabilities): (19,541)
Total assets less current liabilities: (19,541)
Total net assets (liabilities): (19,541)
Capital and reserves
Called up share capital: 1
Profit and loss account: (19,542 )
Total Shareholders' funds: ( 19,541 )

The notes form part of these financial statements

PROMOVEO SUPPORTED HOUSING CIC

Balance sheet statements

For the year ending 31 May 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 28 January 2025
and signed on behalf of the board by:

Name: Mr Ashley McMullin
Status: Director

The notes form part of these financial statements

PROMOVEO SUPPORTED HOUSING CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

PROMOVEO SUPPORTED HOUSING CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    13 months to 31 May 2024
    Average number of employees during the period 7

PROMOVEO SUPPORTED HOUSING CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

13 months to 31 May 2024
£
Trade creditors 30,739
Taxation and social security 5,747
Other creditors 1,200
Total 37,686

COMMUNITY INTEREST ANNUAL REPORT

PROMOVEO SUPPORTED HOUSING CIC

Company Number: 14849758 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

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.

Consultation with stakeholders

No consultation with stakeholders

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
28 January 2025

And signed on behalf of the board by:
Name: Mr Ashley McMullin
Status: Director