RECOVERY HOMES C.I.C.

Company limited by guarantee

Company Registration Number:
09197061 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

RECOVERY HOMES C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

RECOVERY HOMES C.I.C.

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

providing recovery housing for residents in recovery from drug and alcohol related substance abuse



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Mr T Kirkwood
Mrs A J Carter


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
2 June 2025

And signed on behalf of the board by:
Name: Mr T Kirkwood
Status: Director

RECOVERY HOMES C.I.C.

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 140,670 170,047
Investments:   0 0
Total fixed assets: 140,670 170,047
Current assets
Stocks:   0 0
Debtors: 4 614,272 562,216
Cash at bank and in hand: 503,926 353,210
Investments:   0 0
Total current assets: 1,118,198 915,426
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 896,447 ) ( 657,569 )
Net current assets (liabilities): 221,751 257,857
Total assets less current liabilities: 362,421 427,904
Creditors: amounts falling due after more than one year: 6 ( 70,591 ) ( 150,839 )
Provision for liabilities: ( 35,168 ) ( 1,090 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 256,662 275,975
Members' funds
Profit and loss account: 256,662 275,975
Total members' funds: 256,662 275,975

The notes form part of these financial statements

RECOVERY HOMES C.I.C.

Balance sheet statements

For the year ending 31 August 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 2 June 2025
and signed on behalf of the board by:

Name: Mr T Kirkwood
Status: Director

The notes form part of these financial statements

RECOVERY HOMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 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

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, which is the shorter Plant and machinery - 20% on cost Motor vehicles - 20% on reducing balance Tangible assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. The assets residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is account for prospectively. Subsequent costs, including major inspections, are included in the assets carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the group and the cost can be measured reliably. The carrying amount of any replaced component is derecognised. Major components are treated as a separate asset where they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life. Repairs, maintenance and minor inspection costs are expensed as incurred. Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recongnised in profit or loss and included in 'Other operating (losses)/gains'.

    Other accounting policies

    Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, except to the 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 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. Hire purchase and leasing commitments Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charge to profit or loss in the period to which they relate

RECOVERY HOMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 14 14

RECOVERY HOMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 116,313 204,642 320,955
Additions 7,256 7,256
Disposals
Revaluations
Transfers
At 31 August 2024 123,569 204,642 328,211
Depreciation
At 1 September 2023 109,980 40,928 150,908
Charge for year 3,890 32,743 36,633
On disposals
Other adjustments
At 31 August 2024 113,870 73,671 187,541
Net book value
At 31 August 2024 9,699 130,971 140,670
At 31 August 2023 6,333 163,714 170,047

RECOVERY HOMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 326 326
Other debtors 613,946 561,890
Total 614,272 562,216

RECOVERY HOMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 10,003 8,334
Amounts due under finance leases and hire purchase contracts 83,991 42,256
Trade creditors 380,519 379,742
Taxation and social security 20,375 16,346
Accruals and deferred income 0 0
Other creditors 401,559 210,891
Total 896,447 657,569

RECOVERY HOMES C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024 2023
£ £
Bank loans and overdrafts 11,667 22,973
Amounts due under finance leases and hire purchase contracts 58,924 127,866
Total 70,591 150,839

COMMUNITY INTEREST ANNUAL REPORT

RECOVERY HOMES C.I.C.

Company Number: 09197061 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

The core objectives of the Company is to provide recovery housing for residents in recovery from drug and alcohol related substance abuse. It is also to enable residents to reintegrate back into society and normal living. We will also assist residents wishing to pursue their ambitions and dreams via education and training and to thereby prevent relapse and or criminal offending. Recovery Homes C.I.C, recognises the damage, which is caused to individuals, to families and to the community by the abuse or misuse of drugs, whether illegal or prescribed, of alcohol and other substances. The residential and community services provided by Recovery Homes C.I.C are designed to achieve the following objectives: To enable the individual to maintain the resolve to remain abstinent from illegal and problematic substance use; To enable the individual to support him/herself in the community without recourse to offending; To enable the individual to make or restore healthy, mutually supportive relationships with their family, friends and neighbours; To make a contribution to the overall reduction of crime and substance misuse, thereby helping to develop safer communities and enhancing the lives of people who live in them. At the end of the year the company was providing a total of 123 beds. 24 beds of recovery housing in Warrington, 40 beds in Preston, 30 beds in Oswaldtwistle/Accrington, 16 beds in Chorley and in beds in Bolton. Further expansion is planned to take our services to areas where there are gaps in current Recovery Housing provision and we are encouraged to establish by the local authority.

Consultation with stakeholders

The company's stakeholders are residents of the houses operated by the company, the local community, local councils, housing partners and referrers. Recovery Homes always consults with Local Strategic Housing departments to make sure the kind of housing we offer is needed and welcome within the said community. We also foster and work closely with Registered Social landlords to locate houses in suitable areas and away from sensitive areas. We endeavour to always ensure a very high standard of property. Regular contact is maintained with all stakeholders and comments and requirements noted. Suggestions are actioned where reasonable and practicable.

Directors' remuneration

There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for directors 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
2 June 2025

And signed on behalf of the board by:
Name: Mr T Kirkwood
Status: Director