for the Period Ended 31 August 2024
| Directors report | |
| 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 August 2024
Principal activities of the company
Directors
The directors shown below have held office during the whole of the period from
1 September 2023
to
31 August 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
As at
| Notes | 2024 | 2023 | |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 3 |
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| Investments: |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Investments: |
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| Total current assets: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 5 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 6 |
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| Provision for liabilities: |
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| Accruals and deferred income: |
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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: |
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The notes form part of these financial statements
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
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2024
Basis of measurement and preparation
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 August 2024
| 2024 | 2023 | |
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| Average number of employees during the period |
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for the Period Ended 31 August 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 September 2023 |
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| Disposals | ||||||
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| Transfers | ||||||
| At 31 August 2024 |
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| Depreciation | ||||||
| At 1 September 2023 |
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| Charge for year |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 31 August 2024 |
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| Net book value | ||||||
| At 31 August 2024 |
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| At 31 August 2023 |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Trade debtors |
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| Other debtors |
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| Total |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Taxation and social security |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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for the Period Ended 31 August 2024
| 2024 | 2023 | |
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| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Total |
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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.
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.
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
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