HEY LOVEABLE CIC

Company limited by guarantee

Company Registration Number:
14024252 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 1 May 2024

End date: 30 April 2025

HEY LOVEABLE CIC

Contents of the Financial Statements

for the Period Ended 30 April 2025

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HEY LOVEABLE CIC

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Directors

The directors shown below have held office during the whole of the period from
1 May 2024 to 30 April 2025

Anoushka Cross
Norma Davies
Shona Howes
Rachel Parsons


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
28 May 2025

And signed on behalf of the board by:
Name: Anoushka Cross
Status: Director

HEY LOVEABLE CIC

Balance sheet

As at 30 April 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 2,565 0
Total fixed assets: 2,565 0
Current assets
Cash at bank and in hand: 11,448 20,768
Total current assets: 11,448 20,768
Creditors: amounts falling due within one year: 4 ( 8,316 ) ( 21,002 )
Net current assets (liabilities): 3,132 (234)
Total assets less current liabilities: 5,697 ( 234)
Total net assets (liabilities): 5,697 (234)
Members' funds
Profit and loss account: 5,697 ( 234)
Total members' funds: 5,697 (234)

The notes form part of these financial statements

HEY LOVEABLE CIC

Balance sheet statements

For the year ending 30 April 2025 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 28 May 2025
and signed on behalf of the board by:

Name: Anoushka Cross
Status: Director

The notes form part of these financial statements

HEY LOVEABLE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 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 assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery - 25% reducing balance Office equipment - 25% reducing balance

HEY LOVEABLE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 3 2

HEY LOVEABLE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2024 0 0 0
Additions 1,524 1,896 3,420
Disposals
Revaluations
Transfers
At 30 April 2025 1,524 1,896 3,420
Depreciation
At 1 May 2024 0 0 0
Charge for year 381 474 855
On disposals
Other adjustments
At 30 April 2025 381 474 855
Net book value
At 30 April 2025 1,143 1,422 2,565
At 30 April 2024 0 0 0

HEY LOVEABLE CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 790
Accruals and deferred income 6,902 20,690
Other creditors 624 312
Total 8,316 21,002

COMMUNITY INTEREST ANNUAL REPORT

HEY LOVEABLE CIC

Company Number: 14024252 (England and Wales)

Year Ending: 30 April 2025

Company activities and impact

The organisation runs a service for adults with learning disabilities, enabling them to socialise, make friends and form relationships in the local community aswell as try new experiences such as drama and learning to DJ. Loveable started trading in December 2023. During the financial year 2024 - 2025 the companies activities have benefitted the community in these ways: Members have been able to attend monthly socials at a pub in Taunton and Bridgwater, making new friends and feeling part of the community. We have run workshops on healthy relationships and sexual health for the community to attend. There are 2 monthly clubs, theatre group in collaboration with Somerset Youth Theatre, and DJ club where members can listen to music they love, create music, learn to mix and socialise at the same time. We currently employ 3 volunteers for the organisation and are actively recruiting more. We have started 2 new music / nightlife events which are an inclusive club night in Bristol and a private karaoke and pizza night at All stars in Bridgwater We are connecting our members together on social media with whatsapp and facebook groups enabling them to feel more connected, supported and digitally confident. We are forming links with local colleges giving students the opportunity to volunteer for us and gain valuable experience within health and social care. We have started delivering one to one support work, respite and short breaks for clients utlising their direct payments and are looking to create 2 new part time job roles to expand on this service.

Consultation with stakeholders

The company’s stakeholders are members of Loveable and their families, and the day services and supported living services which our members live with. Stakeholders also include the owners of the Venues we have partnered with to host our events. We also have funders including Somerset community foundation, HInkley Point Community Fund and National Lottery awards for all who we provide end of funding reports to. The directors of the company have lived and worked in Somerset for a number of years and developed the business model for the organisation based on years of working with the community and assessing need for this service. The organisation has a board of advisers who meet regularly and have knowledge and expertise in safeguarding, social care and supported employment with extensive experience with the client group. The board meet regularly. We regularly communicate with our stakeholders in all decisions that we make through our group forums, members and parents / carers WhatsApp groups, regular polls and questionnaires asking members and families what they want from the service.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £20,898 (2024: £4,770). There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 May 2025

And signed on behalf of the board by:
Name: Anoushka Cross
Status: Director