HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
06924461 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 30 June 2024

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

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

operating leased real estate



Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

Alex Henebury
Paul Vanstone


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
27 March 2025

And signed on behalf of the board by:
Name: Alex Henebury
Status: Director

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 203,553 206,731
Cost of sales: ( 58,373 ) ( 57,820 )
Gross profit(or loss): 145,180 148,911
Administrative expenses: ( 151,656 ) ( 155,313 )
Operating profit(or loss): (6,476) (6,402)
Interest payable and similar charges: ( 635 ) ( 635 )
Profit(or loss) before tax: (7,111) (7,037)
Tax: ( 300 )
Profit(or loss) for the financial year: (7,411) (7,037)

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 71,049 63,667
Total fixed assets: 71,049 63,667
Current assets
Debtors: 4 43,398 55,332
Cash at bank and in hand: 44,065 52,075
Total current assets: 87,463 107,407
Creditors: amounts falling due within one year: 5 ( 104,472 ) ( 99,601 )
Net current assets (liabilities): (17,009) 7,806
Total assets less current liabilities: 54,040 71,473
Creditors: amounts falling due after more than one year: 6 ( 10,071 ) ( 20,093 )
Total net assets (liabilities): 43,969 51,380
Members' funds
Profit and loss account: 43,969 51,380
Total members' funds: 43,969 51,380

The notes form part of these financial statements

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 30 June 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 27 March 2025
and signed on behalf of the board by:

Name: Alex Henebury
Status: Director

The notes form part of these financial statements

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Taxation A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. Pensions Contributions to defined contribution plans are expensed in the period to which they relate.

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 19,147 164,835 183,982
Additions 25,144 25,144
Disposals
Revaluations
Transfers
At 30 June 2024 19,147 189,979 209,126
Depreciation
At 1 July 2023 19,147 101,168 120,315
Charge for year 17,762 17,762
On disposals
Other adjustments
At 30 June 2024 19,147 118,930 138,077
Net book value
At 30 June 2024 0 71,049 71,049
At 30 June 2023 0 63,667 63,667

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 23,048 21,662
Other debtors 20,350 33,670
Total 43,398 55,332

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 30,000 15,000
Taxation and social security 8,803 4,861
Accruals and deferred income 1,050 1,050
Other creditors 54,619 68,690
Total 104,472 99,601

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

2024 2023
£ £
Bank loans and overdrafts 10,071 20,093
Total 10,071 20,093

COMMUNITY INTEREST ANNUAL REPORT

HENEBURY VANSTONE COMMUNITY INTEREST COMPANY

Company Number: 06924461 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

we continue to provide workspace at a price that is reasonable.We provide the space at a fair rent for the area .We are under market rate at typical £27 per ftsq versus similar researched prices in the £32-36 pfsq region.This continues to benefit our tenants with affordable space and the local community as the artists / small businesses in our building use local services and supplies. We maintain virtually full occupancy which reflects the affordable rent prices we charge. With the demand for space we continue to create additional mezzanine workshops units adding to the diversity of artists / craftspeople here.We are also updating the communal spaces. The challenge these days is providing any type of workspace to creatives in a time when a lot of industrial spaces are being converted to residential use.

Consultation with stakeholders

Things are running well with virtually full occupancy.As we are such a small company we have occasional verbal consultations / minuted meetings amongst ourselves and verbally consult with our tenants .

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
27 March 2025

And signed on behalf of the board by:
Name: Alex Henebury
Status: Director