SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION CIC

Company limited by guarantee

Company Registration Number:
11363501 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION 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

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION 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

Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

Kara Majerus


Secretary Ordered Management Secretary LTD

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
22 February 2025

And signed on behalf of the board by:
Name: Kara Majerus
Status: Director

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 159,660 151,761
Cost of sales: ( 8,405 ) ( 13,408 )
Gross profit(or loss): 151,255 138,353
Administrative expenses: ( 154,719 ) ( 88,787 )
Operating profit(or loss): (3,464) 49,566
Profit(or loss) before tax: (3,464) 49,566
Profit(or loss) for the financial year: (3,464) 49,566

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 69,621 63,424
Total fixed assets: 69,621 63,424
Current assets
Debtors: 4 7,972 54,988
Cash at bank and in hand: 25,618 16,354
Total current assets: 33,590 71,342
Creditors: amounts falling due within one year: 5 ( 1,972 ) ( 20,358 )
Net current assets (liabilities): 31,618 50,984
Total assets less current liabilities: 101,239 114,408
Creditors: amounts falling due after more than one year: 6 ( 68,963 ) ( 78,617 )
Total net assets (liabilities): 32,276 35,791
Members' funds
Profit and loss account: 32,276 35,791
Total members' funds: 32,276 35,791

The notes form part of these financial statements

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION 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 22 February 2025
and signed on behalf of the board by:

Name: Kara Majerus
Status: Director

The notes form part of these financial statements

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION 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 Financial Reporting Standard 101

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 3

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 37,283 33,684 2,519 10,475 83,961
Additions 10,278 1,099 5,423 16,800
Disposals ( 540 ) ( 1,051 ) ( 1,591 )
Revaluations
Transfers
At 31 May 2024 36,743 42,911 3,618 15,898 99,170
Depreciation
At 1 June 2023 7,497 11,102 876 1,062 20,537
Charge for year 1,290 5,451 904 1,367 9,012
On disposals
Other adjustments
At 31 May 2024 8,787 16,553 1,780 2,429 29,549
Net book value
At 31 May 2024 27,956 26,358 1,838 13,469 69,621
At 31 May 2023 29,786 22,582 1,643 9,413 63,424

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 7,972 54,988
Total 7,972 54,988

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,517 20,358
Taxation and social security 455
Total 1,972 20,358

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

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

2024 2023
£ £
Bank loans and overdrafts 68,963 78,617
Total 68,963 78,617

COMMUNITY INTEREST ANNUAL REPORT

SUSTAINABLE OCEANIC RESEARCH CONSERVATION AND EDUCATION CIC

Company Number: 11363501 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

See Social Audit report

Consultation with stakeholders

We have strengthened relationships with long-standing partners and established new collaborations to broaden our impact. We have held regular meetings throughout the year with our local Indonesian Stakeholders regarding various conservation and education projects which are ongoing or are due to commence in the near future. We also regularly update all social media platforms to keep our international Stakeholders up to date with current and future projects. Further details in the Social audit attached.

Directors' remuneration

During this period, the Directors were renumerated with Salaries as dictated in the EOY accounts during this period, the Finance Manager was renumerated with a Salary as dictated in the EOY accounts during this period. It remains the aim of the company that in addition to expenses and other renumeration, the Directors & Finance Manager will receive backpay in lieu of a small salary of circa £700 pcm each at such a time as the company is able to facilitate this.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 February 2025

And signed on behalf of the board by:
Name: Kara Majerus
Status: Director