TRANSITION TURRIEFIELD C.I.C.

Company limited by guarantee

Company Registration Number:
SC391625 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

TRANSITION TURRIEFIELD C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

TRANSITION TURRIEFIELD C.I.C.

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

The company's principal activity during the year continued to be to produce fruit and vegetables for local consumption.



Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Penny Armstrong
 Alan Robertson
 Fiona Stirling
 Deryn Relph
 Natalie Pion

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
11 November 2025

And signed on behalf of the board by:
Name: Penny Armstrong
Status: Director

TRANSITION TURRIEFIELD C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 12,622 10,644
Cost of sales: ( 3,404 ) ( 2,519 )
Gross profit(or loss): 9,218 8,125
Administrative expenses: ( 21,300 ) ( 51,155 )
Other operating income: 5,445 35,089
Operating profit(or loss): (6,637) (7,941)
Profit(or loss) before tax: (6,637) (7,941)
Profit(or loss) for the financial year: (6,637) (7,941)

TRANSITION TURRIEFIELD C.I.C.

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Fixed assets
Tangible assets: 3 16,908 18,302
Total fixed assets: 16,908 18,302
Current assets
Debtors: 4 775 8,840
Cash at bank and in hand: 11,254 9,273
Total current assets: 12,029 18,113
Creditors: amounts falling due within one year: 5 ( 2,677 ) ( 3,462 )
Net current assets (liabilities): 9,352 14,651
Total assets less current liabilities: 26,260 32,953
Creditors: amounts falling due after more than one year: 6 ( 54,917 ) ( 54,973 )
Total net assets (liabilities): (28,657) (22,020)
Members' funds
Profit and loss account: (28,657) ( 22,020)
Total members' funds: ( 28,657) (22,020)

The notes form part of these financial statements

TRANSITION TURRIEFIELD C.I.C.

Balance sheet statements

For the year ending 31 March 2025 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 11 November 2025
and signed on behalf of the board by:

Name: Penny Armstrong
Status: Director

The notes form part of these financial statements

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life.

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 2

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 23,026 10,605 18,707 52,338
Additions 408 408
Disposals
Revaluations
Transfers
At 31 March 2025 23,026 11,013 18,707 52,746
Depreciation
At 1 April 2024 6,129 9,200 18,707 34,036
Charge for year 681 1,121 1,802
On disposals
Other adjustments
At 31 March 2025 6,810 10,321 18,707 35,838
Net book value
At 31 March 2025 16,216 692 0 16,908
At 31 March 2024 16,897 1,405 0 18,302

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Trade debtors 775 1,358
Other debtors 7,482
Total 775 8,840

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 2,165
Taxation and social security 250
Other creditors 512 3,212
Total 2,677 3,462

TRANSITION TURRIEFIELD C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2025

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

2025 2024
£ £
Other creditors 54,917 54,973
Total 54,917 54,973

COMMUNITY INTEREST ANNUAL REPORT

TRANSITION TURRIEFIELD C.I.C.

Company Number: SC391625 (Scotland)

Year Ending: 31 March 2025

Company activities and impact

Transition Turriefield is a community run social enterprise growing fruit and vegetables for the Shetland community. In the financial year 2024-25, we continued to operate with our core volunteer team providing additional labour to maintain production at an income generating level. The workshare scheme worked well for the volunteers. We were able to provide produce for 12 households throughout the year, directly through the veg box scheme and a slightly bigger volume of produce to local shops for the wider community. Operations and the workshare scheme were reviewed in January 2025, with agreement that the system was successful and a decision made to continue for the coming 2025 season. 3128 volunteer hours were provided by 14 individuals between April 2024 and March 2025. Despite the Grow Shetland project finishing at the end of March 2024, we continued our educational work to support the Shetland community with growing their own produce. Working in partnership with Shetland Islands Council, Community Development and Planning department to deliver their cost of living support, we: - Provided 11 workshops Shetland, including visiting the more remote islands of Yell and Unst - Worked with 98 adults and 14 children - Provided 75 grow packs for households to try windowsill growing - Supported the local drug rehabilitation service to set up their undercover growing space and plan their growing year - Supplied Adult learning cookery workshops with fresh produce - Provided follow up support for individuals Participants were able to ask questions about specific issues, take away factsheets and links to our ‘Beginners’ Guide’ videos. Evaluation of the sessions demonstrated participants thought their knowledge had increased, and they felt confident to try out food growing at home, or at their support project. It was intended to help set up a growing plot at a local support service for families on low income. However, staff thought the cohort of parents using the service, were not sufficiently settled in their lives to engage consistently enough to make the project work. At present, there is no further funding available for educational work with the community.

Consultation with stakeholders

Our stakeholders are members of the local community: our Board of Directors, our customers and our volunteers. Operations performance and the workshare scheme was monitored throughout the 2024 season and volunteers and the Board of Directors were consulted to review its effectiveness in January 2025. All were in agreement that the systems were working effectively and that there was potential for increasing production if volunteer levels could be maintained in the 2025 season. A volunteer recruitment strategy was planned for the coming year.

Directors' remuneration

Directors’ received remuneration by way of the PAYE Scheme as paid employees, with taxes and contributions paid directly to HMRC by Transition Turriefield. See full details in final accounts for transparency/accountability. Director salaries is noted on Profit & Loss Management Information sheet. Director’s salaries for the year = £11,044 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
9 October 2025

And signed on behalf of the board by:
Name: Penny Armstrong
Status: Director