OWN MERIT CIC

Company Registration Number:
13484718 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

OWN MERIT CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

OWN MERIT CIC

Balance sheet

As at 31 March 2025

Notes 2025 9 months to 31 March 2024


£

£
Fixed assets
Tangible assets: 3 4,012 860
Total fixed assets: 4,012 860
Current assets
Debtors: 4 150 100
Cash at bank and in hand: 3,047 16,278
Total current assets: 3,197 16,378
Creditors: amounts falling due within one year: 5 ( 3,877 ) ( 30,479 )
Net current assets (liabilities): (680) (14,101)
Total assets less current liabilities: 3,332 ( 13,241)
Total net assets (liabilities): 3,332 (13,241)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,232 (13,341 )
Total Shareholders' funds: 3,332 (13,241)

The notes form part of these financial statements

OWN MERIT CIC

Balance sheet statements

For the year ending 31 March 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 3 June 2025
and signed on behalf of the board by:

Name: Darryn Frost
Status: Director

The notes form part of these financial statements

OWN MERIT CIC

Notes to the Financial Statements

for the Period Ended 31 March 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

OWN MERIT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 9 months to 31 March 2024
    Average number of employees during the period 0 0

OWN MERIT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 1,344 1,344
Additions 4,154 4,154
Disposals
Revaluations
Transfers
At 31 March 2025 5,498 5,498
Depreciation
At 1 April 2024 484 484
Charge for year 1,002 1,002
On disposals
Other adjustments
At 31 March 2025 1,486 1,486
Net book value
At 31 March 2025 4,012 4,012
At 31 March 2024 860 860

OWN MERIT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 9 months to 31 March 2024
£ £
Other debtors 150 100
Total 150 100

OWN MERIT CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 9 months to 31 March 2024
£ £
Taxation and social security 879 0
Accruals and deferred income 478 478
Other creditors 2,520 30,001
Total 3,877 30,479

COMMUNITY INTEREST ANNUAL REPORT

OWN MERIT CIC

Company Number: 13484718 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

Own Merit CIC supports care leavers, veterans, and ex-offenders from across England and Wales by sourcing and providing safe, affordable accommodation and delivering tailored support services that foster long term independence and community reintegration. We also help with employment, including the running of a community coffee shop and a small gardening company

Consultation with stakeholders

We have consulted with a number of stakeholders, namely, the residents, our partner organisations we work with, such as the probation service, NAASH and West Northamptonshire Council.

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
3 June 2025

And signed on behalf of the board by:
Name: Darryn Frost
Status: Director