for the Period Ended 31 July 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 July 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 August 2023
to
31 July 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
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
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Administrative expenses: |
(
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(
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Operating profit(or loss): |
( |
( |
Profit(or loss) before tax: |
( |
( |
Profit(or loss) for the financial year: |
( |
( |
As at
Notes | 2024 | 2023 | |
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£ |
£ |
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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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(
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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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Members' funds | |||
Profit and loss account: |
( |
( |
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Total members' 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 July 2024
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 July 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 31 July 2024
2024 | 2023 | |
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£ | £ | |
Other creditors |
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Total |
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Platinum Harbor CIC is a community interest company that specializes in acquiring residential properties on lease hold, and renting the acquired houses for residential use to individuals recovering from various mental illnesses and most coming from long stays in hospitals as well as mental institutions. Normally these individuals will not have credit history, cannot get references from previous landlords and probably never worked and has no previous experience of maintaining tenancy. They will not normally meet the criteria set by landlords in other to be able to rent and live in a house. Working with mental health support providers, Platinum Harbor CIC ensures that these vulnerable adults get a place to live while being supported to reintegrate back to communal life. These houses are furnished and meet all housing regulation standards. This accommodation is provided to them at the social housing rates and are supported to maintain their tenancy, maintain the accommodation. Repairs, cleaning and general maintenance is carried out to ensure the tenants live in a safe and clean home. As at today in this country, people wait years on the housing list, it is difficult for even working class individuals to get on the property ladder as well as get social housing but from our endeavors in our local communities, we have been able to provide suitable accommodations to the most vulnerable individuals in our communities, our effort ensures that people who are well enough to go home from the various hospitals, mental health institutions and recovery addicts get a decent place to live whilst the bed spaces in the hospital is freed up for those that really need them.
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
4 April 2025
And signed on behalf of the board by:
Name: Chukwugozie UCHEGBU
Status: Director