ADAPTIVE OCEAN ACADEMY CIC

Company limited by guarantee

Company Registration Number:
15299582 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2024

Period of accounts

Start date: 21 November 2023

End date: 30 November 2024

ADAPTIVE OCEAN ACADEMY CIC

Contents of the Financial Statements

for the Period Ended 30 November 2024

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

ADAPTIVE OCEAN ACADEMY CIC

Directors' report period ended 30 November 2024

The directors present their report with the financial statements of the company for the period ended 30 November 2024

Directors

The director shown below has held office during the period of
25 September 2024 to 30 November 2024

Aaliyah Malek


The director shown below has held office during the period of
1 January 2024 to 30 November 2024

Richard Fleetwood


The director shown below has held office during the whole of the period from
21 November 2023 to 30 November 2024

Brittany Culverwell


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
21 August 2025

And signed on behalf of the board by:
Name: Brittany Culverwell
Status: Director

ADAPTIVE OCEAN ACADEMY CIC

Profit And Loss Account

for the Period Ended 30 November 2024

2024


£
Turnover: 1,892
Cost of sales: 0
Gross profit(or loss): 1,892
Distribution costs: 0
Administrative expenses: ( 13,003 )
Other operating income: 18,213
Operating profit(or loss): 7,102
Interest receivable and similar income: 0
Interest payable and similar charges: ( 1,955 )
Profit(or loss) before tax: 5,147
Tax: 0
Profit(or loss) for the financial year: 5,147

ADAPTIVE OCEAN ACADEMY CIC

Balance sheet

As at 30 November 2024

Notes 2024


£
Fixed assets
Intangible assets:   0
Tangible assets: 3 12,002
Investments:   0
Total fixed assets: 12,002
Current assets
Stocks:   0
Debtors:   0
Cash at bank and in hand: 64
Investments:   0
Total current assets: 64
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 4 ( 6,919 )
Net current assets (liabilities): (6,855)
Total assets less current liabilities: 5,147
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 5,147
Members' funds
Profit and loss account: 5,147
Total members' funds: 5,147

The notes form part of these financial statements

ADAPTIVE OCEAN ACADEMY CIC

Balance sheet statements

For the year ending 30 November 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 21 August 2025
and signed on behalf of the board by:

Name: Brittany Culverwell
Status: Director

The notes form part of these financial statements

ADAPTIVE OCEAN ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 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 for goods supplied and services rendered, net of discounts. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fittings fixtures and equipment - 20% straight line Motor vehicles - 20% straight line If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

ADAPTIVE OCEAN ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

  • 2. Employees

    2024
    Average number of employees during the period 1

ADAPTIVE OCEAN ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 0 0 5,474 0 9,293 14,767
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 November 2024 0 0 5,474 0 9,293 14,767
Depreciation
Charge for year 0 0 906 0 1,859 2,765
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 30 November 2024 0 0 906 0 1,859 2,765
Net book value
At 30 November 2024 0 0 4,568 0 7,434 12,002

ADAPTIVE OCEAN ACADEMY CIC

Notes to the Financial Statements

for the Period Ended 30 November 2024

4. Creditors: amounts falling due within one year note

2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 0
Taxation and social security 0
Accruals and deferred income 960
Other creditors 5,959
Total 6,919

COMMUNITY INTEREST ANNUAL REPORT

ADAPTIVE OCEAN ACADEMY CIC

Company Number: 15299582 (England and Wales)

Year Ending: 30 November 2024

Company activities and impact

Our surf school is dedicated to providing adaptive surf instruction to children with physical and mental disabilities, creating an inclusive and empowering environment where every child can experience the freedom and joy of surfing. Through specifically designed programs, trained instructors and customized equipment, we ensure that each child receives personalised support tailored to their unique needs and abilities. These activities have had a meaningful impact on the local community by promoting inclusion, wellness and confidence among children with disabilities. Parents and families have reported increased emotional wellbeing, social engagement and physical development in their children. Our programs also raise awareness of disability inclusion in sports, foster a culture of acceptance, and provide valuable volunteer opportunities that strengthen community bonds. Ultimately, the surf school serves as a safe, joyful and empowering space where children of all abilities can thrive.

Consultation with stakeholders

Our stakeholders are the people who use our services, their families and support teams. We guide our sessions bottom-up by the people who use them, for example a lot of participants needed extra support in the water and were more comfortable with a familiar person present, so we have structured our sign-up form and lessons in a way that offers this option as a standard. A great deal of the adaptations we offer have developed through things our participants have asked for or shown a need for. With the help of funding this year we have greatly expanded our adaptive equipment, this includes beginning to add zips into our wetsuits, which began as an adaptation for people with limited mobility but has shown to be effective for people with sensory processing disorders, who struggle with the process of putting a wetsuit on. We’re now beginning to add zips into all of our wetsuits. One of the most common things we hear from people supporting children with disabilities is there isn’t enough activities like ours that support children who need extra support. This year we have frequently reached capacity on our sessions, so we have begun to offer more of them, group sessions with volunteer support, and other surf related activities to reach this population as frequently and with as diverse range of activities as possible. We have started working with more surf coaches with an interest or qualification in adaptive surfing, so we have a higher capacity to deliver enough adaptive surf to our participants. We have become more involved with para surfing this year (describing surfing for people with physical disabilities) and after acquiring a seated surfboard have left an open box for anybody signing up to expand on ‘any further adaptations we can make, to make their surfing experience as comfortable as possible’. From this question we have acquired a changing bed, the adaptive wetsuits and slide sheets, we are also collaborating with Beach Access North East to use, and assist in hiring out, their beach accessible wheelchairs and a changing area close to the beach. We are also working towards acquiring a larger seated surfboard to be able to provide surf sessions to larger children and adults who will benefit from one, and have changed our process for acquiring adaptive equipment so it can be utilised by as many people as possible.

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
21 August 2025

And signed on behalf of the board by:
Name: Brittany Culverwell
Status: Director