SOUTH TYNESIDE COMMUNITY LAND CIC

Company limited by guarantee

Company Registration Number:
07300905 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

SOUTH TYNESIDE COMMUNITY LAND CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

SOUTH TYNESIDE COMMUNITY LAND CIC

Directors' report period ended 31 July 2024

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

Principal activities of the company

The principal activity of the company continued to be that of a provider of social and/or shared equity housing together with associated facilities and amenities for those in need. This is a not for profit organisation.

Additional information

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.



Directors

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

N Maxwell
S Wright


The director shown below has held office during the period of
1 August 2023 to 23 March 2024

G Mansbridge


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
30 April 2025

And signed on behalf of the board by:
Name: N Maxwell
Status: Director

SOUTH TYNESIDE COMMUNITY LAND CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 180,000 179,500
Total fixed assets: 180,000 179,500
Current assets
Debtors: 4 47,694 250
Cash at bank and in hand: 0 42,320
Total current assets: 47,694 42,570
Creditors: amounts falling due within one year: 5 ( 8,387 ) ( 14,418 )
Net current assets (liabilities): 39,307 28,152
Total assets less current liabilities: 219,307 207,652
Total net assets (liabilities): 219,307 207,652
Members' funds
Profit and loss account: 219,307 207,652
Total members' funds: 219,307 207,652

The notes form part of these financial statements

SOUTH TYNESIDE COMMUNITY LAND CIC

Balance sheet statements

For the year ending 31 July 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 30 April 2025
and signed on behalf of the board by:

Name: N Maxwell
Status: Director

The notes form part of these financial statements

SOUTH TYNESIDE COMMUNITY LAND CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

    Other accounting policies

    Income and expenditure Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it. Investment property Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Taxation The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.

SOUTH TYNESIDE COMMUNITY LAND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SOUTH TYNESIDE COMMUNITY LAND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2023 179,500 179,500
Additions
Disposals ( 35,900 ) ( 35,900 )
Revaluations 36,400 36,400
Transfers
At 31 July 2024 180,000 180,000
Depreciation
At 1 August 2023
Charge for year
On disposals
Other adjustments
At 31 July 2024
Net book value
At 31 July 2024 180,000 180,000
At 31 July 2023 179,500 179,500

SOUTH TYNESIDE COMMUNITY LAND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

2024 2023
£ £
Trade debtors 1,094 250
Other debtors 46,600 0
Total 47,694 250

SOUTH TYNESIDE COMMUNITY LAND CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 7,652 0
Other creditors 735 14,418
Total 8,387 14,418

COMMUNITY INTEREST ANNUAL REPORT

SOUTH TYNESIDE COMMUNITY LAND CIC

Company Number: 07300905 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

The CIC continued to provide social and / or shared equity housing, together with associated facilities and amenities for those in need especially through the affordable housing development within Whitburn, South Tyneside. Undertook land management within the development to ensure quality housing provision and support regeneration activities. The Directors agreed that the associated charges to maintain the area for the period were deferred during this period.

Consultation with stakeholders

During the year, consultation was undertaken with the following stakeholders: - Local Authority – Land Owner - Local Councillors – Community Links - Local Business - Housing 21 Care Home - Local Businesses - South Tyneside Council - Grounds Maintenance Contractors - Residents

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
30 April 2025

And signed on behalf of the board by:
Name: Jane Carter
Status: Director