for the Period Ended 31 December 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 January 2024
to
31 December 2024
The director shown below has held office during the period of
6 December 2024
to
31 December 2024
Secretary
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Administrative expenses: |
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2024 | 2023 | |
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£ |
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 5 |
(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 December 2024
| 2024 | 2023 | |
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| Average number of employees during the period |
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for the Period Ended 31 December 2024
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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| Cost | £ | £ | £ | £ | £ | £ |
| At 1 January 2024 |
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| At 31 December 2024 |
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| At 31 December 2024 | ||||||
| Net book value | ||||||
| At 31 December 2024 |
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| At 31 December 2023 |
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for the Period Ended 31 December 2024
| 2024 | 2023 | |
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| £ | £ | |
| Trade debtors |
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| Total |
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for the Period Ended 31 December 2024
| 2024 | 2023 | |
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| £ | £ | |
| Trade creditors |
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| Accruals and deferred income |
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| Total |
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The company was set up to lead and manage a project to develop the Wyeside area for the use by the communities of Hereford and to encourage tourism. This includes enhancing riverside pathways with lighting, power and a new access ramp and river craft crane which will improve access by the general public to an area of natural beauty. Last year the company completed works to widen a section of the riverside path, cutting back overhanging trees and bushes and the installation of fencing. This opened up the riverside pathway for more pleasant and easier access to the public and the disabled. Last year the company also installed two electric points for the use of the local sports club and a riverside festival. A third point was installed this year. During the year the company has been working with its consultants and main contractor to try to secure the planning permission for the planned improvements for the next section, the access ramp outside the Hereford Sea Cadets and the crane next to the rowing club. Unfortunately the company suffered a major blow to its plans when its planning application was refused by the planning office of Hereford District Council following objections by Natural England. Hence the company’s activities came to a halt in November 2024 whilst the stakeholders considered their next course of action.
The company’s stakeholders are the County of Herefordshire District Council which has provided the funding for the project and the local partners impacted by the plans namely The Hereford Rugby Club, Sea Cadets, Rowing Club and local businesses trading on the riverbank. Representatives from the latter serve on the company's management committee which holds periodic meetings and they are invited to be involved in all management decisions. The company's director provides regular updates and presentations to council representatives as required. The company's director has also attended meetings with other local partners who are involved in the wider Stronger Towns Fund projects so as to ensure that the work of each project will complement the others. The wider stakeholders are the community of Hereford and the general public who will benefit from the project. The company has communicated the improvement plans and the planning application is also publicly available.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
24 September 2025
And signed on behalf of the board by:
Name: Ivan Powell
Status: Director