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REGISTERED NUMBER: 09748132 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 August 2024

for

ON THE BRINK COHOUSING COMMUNITY LIMITED

ON THE BRINK COHOUSING COMMUNITY LIMITED (REGISTERED NUMBER: 09748132)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ON THE BRINK COHOUSING COMMUNITY LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Dr T Heller
Ms B R Hodgkinson
Ms K M Housden
Dr P Skelton
Dr J K Wright
Ms Z R Butler
Ms J E Hipperson
Mr J F Lee
Ms J E Ray
Mr M R Weightman
Ms A E Heller
Mr R J Dunfield
Mrs R S Dunfield
Mrs M Pasha
Mr A Sinclair
Mrs L Strudwick
Mr A Zahid
Ms C H Damiral
Mrs R M Carnall
Ms A F Richards
Mr T C Relton





REGISTERED OFFICE: Brincliffe House
90 Osbourne Road
Sheffield
South Yorkshire
S11 9BB





REGISTERED NUMBER: 09748132 (England and Wales)





ACCOUNTANTS: Brown McLeod Limited
Chartered Accountants
The Old Workshop
1 Ecclesall Road South
Sheffield
South Yorkshire
S11 9PA

ON THE BRINK COHOUSING COMMUNITY LIMITED (REGISTERED NUMBER: 09748132)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 3 458,242 440,842
Investment property 4 212,654 212,654
670,896 653,496

CURRENT ASSETS
Debtors 5 287 8,027
Cash at bank 77,378 83,399
77,665 91,426
CREDITORS
Amounts falling due within one year 6 9,866 9,112
NET CURRENT ASSETS 67,799 82,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,695

735,810

CREDITORS
Amounts falling due after more than one
year

7

595,016

591,443
NET ASSETS 143,679 144,367

RESERVES
Income and expenditure account 143,679 144,367
143,679 144,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ON THE BRINK COHOUSING COMMUNITY LIMITED (REGISTERED NUMBER: 09748132)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:




Mr A Sinclair - Director



Ms K M Housden - Director


ON THE BRINK COHOUSING COMMUNITY LIMITED (REGISTERED NUMBER: 09748132)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in surplus or deficit.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ON THE BRINK COHOUSING COMMUNITY LIMITED (REGISTERED NUMBER: 09748132)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 September 2023 439,079 6,859 445,938
Additions 17,753 - 17,753
At 31 August 2024 456,832 6,859 463,691
DEPRECIATION
At 1 September 2023 - 5,096 5,096
Charge for year - 353 353
At 31 August 2024 - 5,449 5,449
NET BOOK VALUE
At 31 August 2024 456,832 1,410 458,242
At 31 August 2023 439,079 1,763 440,842

The company's freehold land and buildings are held at revalued amounts based on the directors understanding of the values of the properties at the year end date. The properties have not received a formal valuation at the year end.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 212,654
NET BOOK VALUE
At 31 August 2024 212,654
At 31 August 2023 212,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 4,354
Other debtors 287 3,673
287 8,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors - 960
Taxation and social security 6 -
Other creditors 9,860 8,152
9,866 9,112

ON THE BRINK COHOUSING COMMUNITY LIMITED (REGISTERED NUMBER: 09748132)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 83,151 84,734
Other creditors 511,865 506,709
595,016 591,443

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 83,151 84,734