CIRCULAR11 COMMUNITIES C.I.C.

Company Registration Number:
13483783 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 6 April 2024

End date: 31 December 2024

CIRCULAR11 COMMUNITIES C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

CIRCULAR11 COMMUNITIES C.I.C.

Balance sheet

As at 31 December 2024

Notes 31 December 2024 5 April 2024


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 4,686 5,767
Investments:   0 0
Total fixed assets: 4,686 5,767
Current assets
Stocks:   0 0
Debtors: 4 49 0
Cash at bank and in hand: 1,100 2,444
Investments:   0 0
Total current assets: 1,149 2,444
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 11,448 ) ( 12,198 )
Net current assets (liabilities): (10,299) (9,754)
Total assets less current liabilities: (5,613) ( 3,987)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 ( 1,442 )
Accruals and deferred income: 0 0
Total net assets (liabilities): (5,613) (5,429)
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (5,614 ) (5,430 )
Total Shareholders' funds: ( 5,613 ) (5,429)

The notes form part of these financial statements

CIRCULAR11 COMMUNITIES C.I.C.

Balance sheet statements

For the year ending 31 December 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 8 April 2025
and signed on behalf of the board by:

Name: Benjamin Gibbons
Status: Director

The notes form part of these financial statements

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 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

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis: Plant and machinery - 25% reducing balance The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

    Other accounting policies

    DEBTORS Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. CASH AND CASH EQUIVALENTS Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. CREDITORS Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    31 December 2024 5 April 2024
    Average number of employees during the period 2 2

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 6 April 2024 0 13,569 0 0 0 13,569
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2024 0 13,569 0 0 0 13,569
Depreciation
At 6 April 2024 0 7,802 0 0 0 7,802
Charge for year 0 1,081 0 0 0 1,081
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 December 2024 0 8,883 0 0 0 8,883
Net book value
At 31 December 2024 0 4,686 0 0 0 4,686
At 5 April 2024 0 5,767 0 0 0 5,767

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

31 December 2024 5 April 2024
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 49 0
Total 49 0
Debtors due after more than one year: 0 0

CIRCULAR11 COMMUNITIES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

31 December 2024 5 April 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 750 1,500
Other creditors 10,698 10,698
Total 11,448 12,198

COMMUNITY INTEREST ANNUAL REPORT

CIRCULAR11 COMMUNITIES C.I.C.

Company Number: 13483783 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

Providing cheaper and more environmentally friendly building materials.

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
8 April 2025

And signed on behalf of the board by:
Name: Ben Gibbons
Status: Director