THE HOLT ISLE OF WIGHT C.I.C.

Company Registration Number:
14422201 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

THE HOLT ISLE OF WIGHT C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE HOLT ISLE OF WIGHT C.I.C.

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 20,352 24,546
Total fixed assets: 20,352 24,546
Current assets
Debtors: 4 564 333
Cash at bank and in hand: 7,446 27,619
Total current assets: 8,010 27,952
Creditors: amounts falling due within one year: 5 ( 93,121 ) ( 110,211 )
Net current assets (liabilities): (85,111) (82,259)
Total assets less current liabilities: (64,759) ( 57,713)
Creditors: amounts falling due after more than one year: 6 ( 14,500 ) ( 20,500 )
Total net assets (liabilities): (79,259) (78,213)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (79,260 ) (78,214 )
Total Shareholders' funds: ( 79,259 ) (78,213)

The notes form part of these financial statements

THE HOLT ISLE OF WIGHT C.I.C.

Balance sheet statements

For the year ending 31 October 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 13 July 2025
and signed on behalf of the board by:

Name: Mrs J E Bell
Status: Director

The notes form part of these financial statements

THE HOLT ISLE OF WIGHT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 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, excluding discounts, rebates, value added tax and other sales taxes.

    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. Plant and machinery etc - 25% on cost, 20% on cost and 10% on cost

    Other accounting policies

    Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to 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 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 Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THE HOLT ISLE OF WIGHT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 9 5

THE HOLT ISLE OF WIGHT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2023 28,742 28,742
Additions
Disposals
Revaluations
Transfers
At 31 October 2024 28,742 28,742
Depreciation
At 1 November 2023 4,196 4,196
Charge for year 4,194 4,194
On disposals
Other adjustments
At 31 October 2024 8,390 8,390
Net book value
At 31 October 2024 20,352 20,352
At 31 October 2023 24,546 24,546

THE HOLT ISLE OF WIGHT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
£ £
Other debtors 564 333
Total 564 333

THE HOLT ISLE OF WIGHT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 4,135 1,698
Other creditors 88,986 108,513
Total 93,121 110,211

THE HOLT ISLE OF WIGHT C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

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

2024 2023
£ £
Other creditors 14,500 20,500
Total 14,500 20,500

COMMUNITY INTEREST ANNUAL REPORT

THE HOLT ISLE OF WIGHT C.I.C.

Company Number: 14422201 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The HOLT is a centre that caters specifically for Learning disabled and additional needs adults and children and offers social and enterprise activities and training in Functional Skills, English, Maths, Cookery, Music, Horticulture, Life Skills and Work Skills, The Centre opened in January 2023. During the financial year 2023-2024, the Centre’s activities have benefited the community in the following ways: - 11 young people educated other than at school have accessed their learning at the Centre and stand to gain accreditation in various subjects in the coming year. - 32 young people have accessed the centre for regular social and enterprise sessions and stand to gain accreditation in Maths, English, Art, Horticulture, Animal Care and Cookery in the coming year. - The Centre has been able to support parents of individuals with additional needs with form filling, finding information, signposting to services and offering general support. - The Centre has been able to support a number of individuals who suffer from mental ill-health by offering drop-in support sessions twice weekly and signposting to services. - The Centre has increased its staffing to meet demand and now employs 3 full time staff and 6 part time staff.

Consultation with stakeholders

The Company’s stakeholders are residents of the Isle of Wight who are either Learning disabled and/or have additional needs, are the parents/carers of individuals who have learning disabilities and/or additional needs, or who are impacted by mental ill health. The Director of the company has two sons with severe learning disabilities and autism, and worked as Assistant Headteacher in a local Special Needs school for many years before setting up the Centre as a not-for-profit organisation, having seen the need for an alternative provision that offered a wide learning curriculum, for those individuals not able to cope with a mainstream setting. We conducted a survey of both parents and clients to find out their views, and gain their ideas as to which additional subjects The HOLT could offer. We acted on the results of the survey so now offer Music as a subject, and have increased the range of art and craft activities that we offer. We also reduced the age at which we take clients from 16 to 11 after repeated enquiries from parents and carers searching for alternative provision for younger children.

Directors' remuneration

The Director’s remuneration was £25,458.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 July 2025

And signed on behalf of the board by:
Name: Mrs J E Bell
Status: Director