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# ETINOLA SOLUTIONS CIC

## Company limited by guarantee

## Company Registration Number:
13162690 (England and Wales)

## Unaudited statutory accounts for the year ended 31 January 2025

## Period of accounts

## Start date: 1 February 2024

## End date: 31 January 2025

# ETINOLA SOLUTIONS CIC

## Contents of the Financial Statements

for the Period Ended 31 January 2025

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

# ETINOLA SOLUTIONS CIC

Directors' report period ended 31 January 2025

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

Directors

The director shown below has held office during the whole of the period from
1 February 2024 to 31 January 2025

Oladele Olayinka OLASIYAN

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
20 January 2026

And signed on behalf of the board by:
Name: Oladele Olayinka OLASIYAN
Status: Director

# ETINOLA SOLUTIONS CIC

## Profit And Loss Account

for the Period Ended 31 January 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 88,023 | 42,940
Gross profit(or loss): | 88,023 | 42,940
Administrative expenses: | ( 150,371 ) | ( 135,134 )
Operating profit(or loss): | (62,348) | (92,194)
Profit(or loss) before tax: | (62,348) | (92,194)
Profit(or loss) for the financial year: | (62,348) | (92,194)

# ETINOLA SOLUTIONS CIC

## Balance sheet

As at 31 January 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 174 | 349
Total fixed assets: |  | 174 | 349
Current assets
Cash at bank and in hand: |  | 6,923 | 1,862
Total current assets: |  | 6,923 | 1,862
Creditors: amounts falling due within one year: | 4 | ( 177,484 ) | ( 110,250 )
Net current assets (liabilities): |  | (170,561) | (108,388)
Total assets less current liabilities: |  | (170,387) | ( 108,039)
Total net assets (liabilities): |  | (170,387) | (108,039)
Members' funds
Profit and loss account: |  | (170,387) | ( 108,039)
Total members' funds: |  | ( 170,387) | (108,039)

The notes form part of these financial statements

# ETINOLA SOLUTIONS CIC

## Balance sheet statements

For the year ending 31 January 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 20 January 2026
and signed on behalf of the board by:

Name: Oladele Olayinka OLASIYAN
Status: Director

The notes form part of these financial statements

# ETINOLA SOLUTIONS CIC

## Notes to the Financial Statements

for the Period Ended 31 January 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 is reduced for estimated customer returns, rebates and other similar allowances.

  Tangible fixed assets depreciation policy

  angible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases Fixtures and Fittings 25 percent Straight line

  Other accounting policies

  Going Concern Disclosure The balance sheet is in net deficit. The accounts are prepared on going concern basis as the directors and members will continue to provide financial supports as and when required.

# ETINOLA SOLUTIONS CIC

## Notes to the Financial Statements

for the Period Ended 31 January 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 1 | 1

# ETINOLA SOLUTIONS CIC

## Notes to the Financial Statements

for the Period Ended 31 January 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 February 2024 |  |  | 697 |  |  | 697
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 January 2025 |  |  | 697 |  |  | 697
Depreciation |  |  |  |  |  |
At 1 February 2024 |  |  | 348 |  |  | 348
Charge for year |  |  | 175 |  |  | 175
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 January 2025 |  |  | 523 |  |  | 523
Net book value |  |  |  |  |  |
At 31 January 2025 |  |  | 174 |  |  | 174
At 31 January 2024 |  |  | 349 |  |  | 349

# ETINOLA SOLUTIONS CIC

## Notes to the Financial Statements

for the Period Ended 31 January 2025

## 4. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 0 | 1
Other creditors | 177,484 | 110,249
Total | 177,484 | 110,250

# COMMUNITY INTEREST ANNUAL REPORT

### ETINOLA SOLUTIONS CIC

### Company Number: 13162690 (England and Wales)

### Year Ending: 31 January 2025

Company activities and impact

The company provides supported living accommodation to people with learning disabilities, Autism enduring mental health issues and brain injury. Accommodation provided by Etinola Solutions CIC are accessed by the members of the community, friends, families and supporters, health and social care practitioners, social workers, care coordinators for the benefits of their relatives and client. The organisation recognising the fact that recovery is an ongoing healing journey, supports residents to live a normal and fulfilling lives in the community enabling them to be as independent as they can be. The organisation promotes recovery and wellbeing-oriented housing, opposing stigma and discrimination around mental health issues in the community. Residents with learning disabilities, Autism, Mental health and brain injury has opportunity to integrate with the community whilst benefiting from the quality housing and support provided by Etinola Solutions CIC.

Consultation with stakeholders

The company’s stakeholders are residents and their families involved in their care. Social services, NHS and other professionals- care coordinators placement officers involved in the care of the residents. Consultation and feedback is via regular meetings with residents. Families and friends and other professionals also consult using emails.

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
20 January 2026

And signed on behalf of the board by:
Name: Oladele Olayinka OLASIYAN
Status: Director