ARBOR COMMUNITY HOMES CIC

Company limited by guarantee

Company Registration Number:
15270449 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 8 November 2023

End date: 31 December 2024

ARBOR COMMUNITY HOMES CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ARBOR COMMUNITY HOMES CIC

Balance sheet

As at 31 December 2024

Notes 14 months to 31 December 2024


£
Fixed assets
Intangible assets:   0
Tangible assets:   0
Investments:   0
Total fixed assets: 0
Current assets
Stocks:   0
Debtors: 3 391,930
Cash at bank and in hand: 118,167
Total current assets: 510,097
Creditors: amounts falling due within one year: 4 ( 633,855 )
Net current assets (liabilities): (123,758)
Total assets less current liabilities: (123,758)
Total net assets (liabilities): (123,758)
Members' funds
Profit and loss account: (123,758)
Total members' funds: ( 123,758)

The notes form part of these financial statements

ARBOR COMMUNITY HOMES 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.

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 7 August 2025
and signed on behalf of the board by:

Name: Ross William Hitchen Taylor
Status: Director

The notes form part of these financial statements

ARBOR COMMUNITY HOMES 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 rental income received or receivable from tenants.

    Other accounting policies

    Related party exemption The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. Significant judgements and estimates In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Financial instruments The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include trade debtors, other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including trade creditors, other creditors, and amounts owed to group undertakings, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire. Taxation Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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. 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. Going concern At the balance sheet date, the company was in a net liability position. The company directors have indicated that they will provide support via group companies to enable the company to meet its liabilities as they fall due. As this support will continue for the foreseeable future, for a period of at least 12 months, the directors consider it appropriate to prepare the financial statements on the going concern basis.

ARBOR COMMUNITY HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    14 months to 31 December 2024
    Average number of employees during the period 1

ARBOR COMMUNITY HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Debtors

14 months to 31 December 2024
£
Trade debtors 48,876
Other debtors 343,054
Total 391,930

ARBOR COMMUNITY HOMES CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

14 months to 31 December 2024
£
Trade creditors 633,855
Total 633,855

COMMUNITY INTEREST ANNUAL REPORT

ARBOR COMMUNITY HOMES CIC

Company Number: 15270449 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

The company was established on 8 November 2023. During the financial period from incorporation until 31 December 2024, the company carried out the following activities that benefited the community: The company provided housing, including social housing, to those people whose needs are not met by the traditional housing market. The company also undertook certain partnerships where the partner (1) provided facilities and/or services for people in need by reason of learning disability, autism, youth, age, disability (whether physically or mentally) or chronic sickness; and/or (2) promoted the rehabilitation of people who have been subject to dependency on or abuse of alcohol, drugs or other substances. Under these partnerships, the partner provided – and was responsible for – the facilities and/or services provision, whilst the company provided the housing.

Consultation with stakeholders

The company’s stakeholders include (i) its employee; (ii) the individuals it provides housing to; (iii) its directors; and (iv) its ultimate controlling party. Taking each of these in turn: The company has a member of staff whose role is to help ensure the company carries out its principal activities of renting and operating residential and Housing Association real estate in a manner that is efficient and compliant with all applicable laws and regulations. The board of directors frequently consults with this employee to ensure that any operational and compliance matters are flagged and the appropriate actions are taken; The member of staff referred to above spends most of his time at sites working with tenants and obtaining, and responding to, feedback from them. All individuals who benefit from housing services provided by the company are given this staff member’s contact details and informed that they can contact him to provide feedback or report issues; The company’s directors are frequently consulted by the member of staff for feedback and approvals (as appropriate); and The ultimate controlling party is provided with reporting packs and given the opportunity to provide feedback in respect of the running of the company.

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
7 August 2025

And signed on behalf of the board by:
Name: Ross William Hitchen Taylor
Status: Director