STORTH HOUSE CIC

Company limited by guarantee

Company Registration Number:
08798444 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

STORTH HOUSE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

STORTH HOUSE CIC

Directors' report period ended 31 December 2024

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

Principal activities of the company

The principal activity of the company during the year under review was . Pre-primary education, Sports and recreation education, Other education not elsewhere classified and Other sports activities.

Additional information

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Emily Jayne EDGAR
Bridget CRABTREE
Andrew John LAMPH


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
24 June 2025

And signed on behalf of the board by:
Name: Emily Jayne EDGAR
Status: Director

STORTH HOUSE CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 483,902 408,473
Cost of sales: ( 30,266 ) ( 25,588 )
Gross profit(or loss): 453,636 382,885
Distribution costs: ( 1,010 ) ( 714 )
Administrative expenses: ( 426,598 ) ( 363,777 )
Other operating income: 19,725 24,077
Operating profit(or loss): 45,753 42,471
Interest payable and similar charges: ( 20,751 ) ( 22,070 )
Profit(or loss) before tax: 25,002 20,401
Tax: ( 2,468 ) ( 3,079 )
Profit(or loss) for the financial year: 22,534 17,322

STORTH HOUSE CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 552,748 506,934
Total fixed assets: 552,748 506,934
Current assets
Debtors: 4 7,673 11,938
Cash at bank and in hand: 22,665 157
Total current assets: 30,338 12,095
Creditors: amounts falling due within one year: 5 ( 207,281 ) ( 141,137 )
Net current assets (liabilities): (176,943) (129,042)
Total assets less current liabilities: 375,805 377,892
Creditors: amounts falling due after more than one year: 6 ( 255,228 ) ( 279,849 )
Total net assets (liabilities): 120,577 98,043
Members' funds
Profit and loss account: 120,577 98,043
Total members' funds: 120,577 98,043

The notes form part of these financial statements

STORTH HOUSE CIC

Balance sheet statements

For the year ending 31 December 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.

This report was approved by the board of directors on 24 June 2025
and signed on behalf of the board by:

Name: Emily Jayne EDGAR
Status: Director

The notes form part of these financial statements

STORTH HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: -the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; -the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; -the amount of revenue can be measured reliably; -it is probable that the economic benefits associated with the transaction will flow to the Company; and -the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciation Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life: Motor vehicles 20% Straight line Furniture, fittings and equipment 20% Straight line

    Other accounting policies

    Taxation Income tax expense represents the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Defined contribution pensions The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

STORTH HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 23 25

STORTH HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 499,838 10,885 6,780 517,503
Additions 6,450 42,747 49,197
Disposals ( 2,630 ) ( 2,630 )
Revaluations
Transfers
At 31 December 2024 499,838 17,335 46,897 564,070
Depreciation
At 1 January 2024 7,662 2,907 10,569
Charge for year 1,841 1,542 3,383
On disposals ( 2,630 ) ( 2,630 )
Other adjustments
At 31 December 2024 9,503 1,819 11,322
Net book value
At 31 December 2024 499,838 7,832 45,078 552,748
At 31 December 2023 499,838 3,223 3,873 506,934

STORTH HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Debtors

2024 2023
£ £
Trade debtors 4,860 11,465
Prepayments and accrued income 2,813 473
Total 7,673 11,938

STORTH HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 11,351 13,296
Amounts due under finance leases and hire purchase contracts 21,497
Taxation and social security 17,649 18,910
Accruals and deferred income 114,884 72,250
Other creditors 41,900 36,681
Total 207,281 141,137

STORTH HOUSE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

2024 2023
£ £
Bank loans and overdrafts 142,680 151,359
Other creditors 112,548 128,490
Total 255,228 279,849

COMMUNITY INTEREST ANNUAL REPORT

STORTH HOUSE CIC

Company Number: 08798444 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

The company provides high quality, affordable Childcare to children and young people in the Cowlersley and Linthwaite area. We promote the physical, emotional and social development of children through encouragement of imagination, creativity and confidence. We also provide food support and creative community space. Storth House provides high quality, Nursery, after school and holiday care for children aged 8mths to 11 years who live in the local community. This is a fantastic venture to deliver a childcare service in a sustainable way. The setting provides a unique service with affordable care for families in the area and is run as a Community Interest Company. We also provide youth sessions, food support project and creative space for small businesses and weekly social groups.

Consultation with stakeholders

Our stakeholders are our children, parents, carers, local schools and the local community. We regularly consult with them via a variety of methods such as meetings, newsletters, social networking, emails, attendance at parents’ evenings and our suggestion box situated at the setting. We have continued to have overwhelming support for our parents, many of whom would not be able to go to work if it was not for the flexibility and affordability of our services.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £28,232. 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
24 June 2025

And signed on behalf of the board by:
Name: Emily Jayne EDGAR
Status: Director