for the Period Ended 28 February 2025
| 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 28 February 2025
Directors
The directors shown below have held office during the whole of the period from
29 February 2024
to
28 February 2025
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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| Other operating income: |
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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 | 2025 | 2024 | |
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| Intangible assets: |
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| Stocks: |
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| Debtors: | 3 |
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| Cash at bank and in hand: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: | 4 |
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| Net current assets (liabilities): |
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| Creditors: amounts falling due after more than one year: |
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| Total net assets (liabilities): |
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| 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 28 February 2025
Basis of measurement and preparation
for the Period Ended 28 February 2025
| 2025 | 2024 | |
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| Average number of employees during the period |
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for the Period Ended 28 February 2025
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| £ | £ | |
| Trade debtors |
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| Prepayments and accrued income |
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| Other debtors |
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| Total |
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| Debtors due after more than one year: |
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for the Period Ended 28 February 2025
| 2025 | 2024 | |
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| £ | £ | |
| Bank loans and overdrafts |
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| Amounts due under finance leases and hire purchase contracts |
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| Trade creditors |
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| Accruals and deferred income |
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| Other creditors |
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| Total |
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The company was formed in February 2023 to help the local community preserve key Metropolitan Green Belt land around St Albans and the villages from industrial development. The company benefitted the community by working to challenge the legality of the sale of land by Hertford-shire County Council bought for the community for £1 in 2006, to SEGRO for a Strategic Rail Freight Inter-change. The Community wanted the land to remain Open Space in the Metropolitan Green Belt. The company has represented the community’s interests as the development started following the failed legal case and the sale of the land to SEGRO in June 2024. The company came into existence in February 2023 following an initial public meeting supported by several hundred residents of the area to discuss the issue, and several other meetings which led to the establish-ment of the CIC. Income was solely from monetary donations from the public. No payments of any sort were made to any director. No dividends were paid. There were no loans or any form of interest paid. Assets were solely in cash in the bank. Funds raised almost equaled costs, mostly legal, paid out. Cash left in the bank at the year end 2024 was raised to pay for future legal costs about to be incurred in working with legal counsel. This was duly paid. Since then, there has been little financial activity. Therefore there was no profit made in the Company in the year ending February 2025.
There have been numerous public meetings throughout the year in different locations, where the communi-ty were informed and consulted on the direction of the campaign, and articles published in local press and residents association magazines. A wider steering group committee was consulted by the directors before any important decisions were taken. At the end of the year, a future court hearing concerning a Judicial Re-view in the High Court was granted by Justice Thornton on 12th February 2024. The case was heard in June 2024 in the High Court, where the case failed on 3 out of 4 points. An appeal was applied for, but not allowed. The CIC then concentrated on representing the local community in mitigating the harms being caused by the development. Directors and members represent the group in community liaison groups with SEGRO – one for wider community and another for elected representatives. Further dis-cussions with SEGRO on financial and other mitigations were ongoing, as was the setting up of another liai-son group to help supervise the 600 acres of country park.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
28 November 2025
And signed on behalf of the board by:
Name: Theresa Smith
Status: Director