Companies House SC746840 2023-10-31 2023-10-31 2022-10-10 false iso4217:GBP xbrli:pure SC746840 2023-10-31 SC746840 2022-10-10 2023-10-31 SC746840 curr:PoundSterling 2022-10-10 2023-10-31 SC746840 uk-bus:CompanyLimitedByGuarantee 2022-10-10 2023-10-31 SC746840 uk-bus:FRS102 2022-10-10 2023-10-31 SC746840 uk-bus:AuditExempt-NoAccountantsReport 2022-10-10 2023-10-31 SC746840 uk-bus:FullAccounts 2022-10-10 2023-10-31 SC746840 uk-bus:RegisteredOffice 2022-10-10 2023-10-31 SC746840 uk-bus:Director1 2022-10-10 2023-10-31 SC746840 uk-bus:Director2 2022-10-10 2023-10-31 SC746840 uk-bus:Director3 2022-10-10 2023-10-31 SC746840 uk-bus:Director4 2022-10-10 2023-10-31 SC746840 uk-bus:Director5 2022-10-10 2023-10-31 SC746840 uk-bus:Director6 2022-10-10 2023-10-31 SC746840 uk-bus:Director7 2022-10-10 2023-10-31 SC746840 uk-bus:Director8 2022-10-10 2023-10-31 SC746840 uk-bus:Director9 2022-10-10 2023-10-31 SC746840 uk-bus:Director10 2022-10-10 2023-10-31 SC746840 uk-bus:Director11 2022-10-10 2023-10-31 SC746840 uk-bus:Director12 2022-10-10 2023-10-31 SC746840 uk-bus:Director13 2022-10-10 2023-10-31 SC746840 uk-bus:Director14 2022-10-10 2023-10-31 SC746840 uk-bus:Director15 2022-10-10 2023-10-31 SC746840 uk-bus:Director16 2022-10-10 2023-10-31 SC746840 uk-bus:Director17 2022-10-10 2023-10-31 SC746840 uk-bus:Director18 2022-10-10 2023-10-31 SC746840 uk-bus:Director19 2022-10-10 2023-10-31 SC746840 uk-bus:Director20 2022-10-10 2023-10-31 SC746840 uk-bus:Director21 2022-10-10 2023-10-31 SC746840 uk-bus:CompanySecretary1 2022-10-10 2023-10-31 SC746840 core:AfterOneYear 2023-10-31 SC746840 core:WithinOneYear 2023-10-31 SC746840 core:WithinOneYear 2022-10-10 2023-10-31 SC746840 core:AfterOneYear 2023-10-31 SC746840 core:AfterOneYear 2022-10-10 2023-10-31 SC746840 core:ShareCapital 2023-10-31 SC746840 core:SharePremium 2023-10-31 SC746840 core:OtherReservesSubtotal 2023-10-31 SC746840 core:RevaluationReserve 2023-10-31 SC746840 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC746840 1 2022-10-10 2023-10-31 SC746840 2 2022-10-10 2023-10-31 SC746840 3 2022-10-10 2023-10-31 SC746840 core:LandBuildings 2022-10-10 2023-10-31 SC746840 core:LandBuildings 2023-10-31 SC746840 core:PlantMachinery 2022-10-10 2023-10-31 SC746840 core:PlantMachinery 2023-10-31 SC746840 core:FurnitureFittingsToolsEquipment 2022-10-10 2023-10-31 SC746840 core:FurnitureFittingsToolsEquipment 2023-10-31 SC746840 core:OfficeEquipment 2022-10-10 2023-10-31 SC746840 core:OfficeEquipment 2023-10-31 SC746840 core:Vehicles 2022-10-10 2023-10-31 SC746840 core:Vehicles 2023-10-31 SC746840 core:NetGoodwill 2022-10-10 2023-10-31 SC746840 core:NetGoodwill 2023-10-31 SC746840 core:IntangibleAssetsOtherThanGoodwill 2022-10-10 2023-10-31 SC746840 core:IntangibleAssetsOtherThanGoodwill 2023-10-31 SC746840 uk-bus:Director1 1 2022-10-10 2023-10-31 SC746840 uk-bus:Director1 1 2023-10-31 SC746840 uk-bus:Director1 2 2022-10-10 2023-10-31 SC746840 uk-bus:Director1 2 2023-10-31

# SETTLEX COMMUNITY INTEREST COMPANY

## Company limited by guarantee

## Company Registration Number:
SC746840 (Scotland)

## Unaudited statutory accounts for the year ended 31 October 2023

## Period of accounts

## Start date: 10 October 2022

## End date: 31 October 2023

# SETTLEX COMMUNITY INTEREST COMPANY

## Contents of the Financial Statements

for the Period Ended 31 October 2023

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

# SETTLEX COMMUNITY INTEREST COMPANY

Directors' report period ended 31 October 2023

The directors present their report with the financial statements of the company for the period ended 31 October 2023

Principal activities of the company

rincipal activities The principal activities of SettleX.org are the delivery and development of employability, vocational training, mentoring, and career-support initiatives for refugees and other displaced or disadvantaged individuals. During the 2022–2023 financial year, the company operated a beauty salon and piloted trade-training opportunities in collaboration with partner organisations. From 2023 to 2025, activities expanded to include identifying employment opportunities, making direct job referrals through professional networks, and employing eligible refugees within associated businesses. During 2025–2026, the company’s activities have focused on individual mentoring and the restructuring of its services toward an online academy. The academy is intended to provide accessible, scalable learning, employability guidance, and career-development support. There has been no significant change in the nature of the company’s principal activities during the financial year, other than the continued transition from direct service delivery and employment referrals toward an online education and mentoring model.

Additional information

SettleX.org has focused on improving economic inclusion for refugees and other displaced people by creating practical routes into skills development, employment, self-reliance, and long-term career progression. Its work has evolved in response to community needs and available delivery capacity. 2022–2023: Beauty services and trade-training pilot During the 2022–2023 financial year, SettleX.org operated a beauty salon activity while piloting vocational trade-training opportunities through partner organisations. The salon created a practical, customer-facing environment in which participants could gain exposure to workplace expectations, service delivery, and income-generating skills. The partner-led training pilot tested demand for accessible vocational learning and helped identify which pathways could lead to real employment or self-employment. This benefited the community by offering refugees practical skills, confidence, professional experience, and a clearer route toward financial independence. 2023–2025: Employment referrals and direct job creation From 2023 to 2025, the focus shifted toward direct employment support. Through personal networks, SettleX.org identified job opportunities, referred refugees to suitable roles, and supported them through the process of entering work. Where possible, refugees were also employed within the founder’s other businesses. This created immediate paid work opportunities while allowing individuals to build local work experience, develop references, improve their professional networks, and strengthen their financial stability. The impact during this period was highly personal and relationship-driven: instead of offering only advice, SettleX.org actively connected people with employers and created tangible employment opportunities. This helped reduce barriers often faced by refugees, including limited networks, difficulty accessing formal opportunities, and lack of locally recognised work experience. 2025–2026: Mentoring and transition to an online academy During 2025–2026, SettleX.org began restructuring its activities toward a more scalable online academy model. The work has centred on personal mentoring, career guidance, confidence-building, and helping individuals identify viable training and employment pathways. The move toward an online academy is intended to expand access beyond one-to-one referrals or a single physical workplace. By developing structured digital learning and mentoring resources, SettleX.org aims to help more refugees access career-relevant education, employability support, and practical guidance regardless of location. Overall benefit to the community Across the period, SettleX.org has supported the community through three complementary forms of impact: Skills and employability: Practical beauty-sector experience and vocational training pilots helped participants build useful workplace skills. Access to work: Personal referrals and direct hiring connected refugees to real employment opportunities and income. Confidence and inclusion: Mentoring and workplace exposure supported individuals to navigate employment systems, build professional confidence, and feel more included in their host communities. Scalable future support: The transition to an online academy is designed to make skills development and mentoring accessible to a wider number of beneficiaries. This model has progressed from hands-on, local support to a broader education-led approach, while retaining its central purpose: helping refugees move from dependency toward dignity, income, professional capability, and sustainable participation in the economy.

Directors

The director shown below has held office during the whole of the period from
10 October 2022 to 31 October 2023

KATERINA HAYES

Secretary KATERINA HAYES

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
17 August 2026

And signed on behalf of the board by:
Name: KATERINA HAYES
Status: Secretary

# SETTLEX COMMUNITY INTEREST COMPANY

## Profit And Loss Account

for the Period Ended 31 October 2023

| 13 months to 31 October 2023
--- | ---
| £
Turnover: | 5,000 |
Cost of sales: | ( 8,804 ) |
Gross profit(or loss): | (3,804)
Distribution costs: | 0 |
Administrative expenses: | ( 6,932 ) |
Other operating income: | 0 |
Operating profit(or loss): | (10,736)
Interest receivable and similar income: | 0 |
Interest payable and similar charges: | 0 |
Profit(or loss) before tax: | (10,736)
Tax: | 0 |
Profit(or loss) for the financial year: | (10,736)

# SETTLEX COMMUNITY INTEREST COMPANY

## Balance sheet

As at 31 October 2023

| Notes | 13 months to 31 October 2023
--- | --- | ---
|  | £
Fixed assets
Intangible assets: |  | 0 |
Tangible assets: |  | 0 |
Investments: |  | 0 |
Total fixed assets: |  | 0
Current assets
Stocks: |  | 0 |
Debtors: |  | 0 |
Cash at bank and in hand: |  | 0 |
Investments: |  | 0 |
Total current assets: |  | 0
Prepayments and accrued income: |  | 0 |
Creditors: amounts falling due within one year: | 3 | ( 10,736 ) |
Net current assets (liabilities): |  | (10,736)
Total assets less current liabilities: |  | (10,736)
Creditors: amounts falling due after more than one year: |  | 0 |
Provision for liabilities: |  | 0 |
Accruals and deferred income: |  | 0 |
Total net assets (liabilities): |  | (10,736)
Members' funds
Profit and loss account: |  | (10,736) |
Total members' funds: |  | ( 10,736)

The notes form part of these financial statements

# SETTLEX COMMUNITY INTEREST COMPANY

## Balance sheet statements

For the year ending 31 October 2023 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 17 August 2026
and signed on behalf of the board by:

Name: KATERINA HAYES
Status: Director

The notes form part of these financial statements

# SETTLEX COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 October 2023

- ## 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

  The company had no turnover during the period ended 31 October 2023. Accordingly, no revenue-recognition (turnover) accounting policy is included in the financial statements.

  Tangible fixed assets depreciation policy

  The company did not hold any tangible fixed assets during the period ended 31 October 2023. Therefore, no depreciation policy is applicable.

  Intangible fixed assets amortisation policy

  The company did not hold any intangible fixed assets during the period ended 31 October 2023. Therefore, no amortisation policy is applicable.

  Valuation information and policy

  No valuation information policy is included in the financial statements, as the company did not hold assets or liabilities requiring separate valuation disclosures during the period ended 31 October 2023.

# SETTLEX COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 October 2023

- ## 2. Employees

  | 13 months to 31 October 2023
  --- | ---
  Average number of employees during the period | 0 |

# SETTLEX COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 October 2023

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

| 13 months to 31 October 2023
--- | ---
| £
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 | 0 |
Other creditors | 10,736 |
Total | 10,736

# SETTLEX COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 October 2023

## 4. Financial Commitments

At 31 October 2023, the company had no financial commitments not provided for in the financial statements.

# SETTLEX COMMUNITY INTEREST COMPANY

## Notes to the Financial Statements

for the Period Ended 31 October 2023

## 5. Loans to directors

Name of director receiving advance or credit: | KATERINA HAYES
Description of the transaction:
loan for rent, equipment and refugee training
| £
--- | ---
Balance at |
Advances or credits made: | 10,736
Advances or credits repaid: |
Balance at 31 October 2023 | 10,736
Name of director receiving advance or credit: | KATERINA HAYES
Description of the transaction:
loan for training, rent and training products
| £
Balance at |
Advances or credits made: | 10,736
Advances or credits repaid: |
Balance at 31 October 2023 | 10,736

# COMMUNITY INTEREST ANNUAL REPORT

### SETTLEX COMMUNITY INTEREST COMPANY

### Company Number: SC746840 (Scotland)

### Year Ending: 31 October 2023

Company activities and impact

SettleX.org has focused on improving economic inclusion for refugees and other displaced people by creating practical routes into skills development, employment, self-reliance, and long-term career progression. Its work has evolved in response to community needs and available delivery capacity.

Consultation with stakeholders

No consultation with stakeholders

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
17 August 2026

And signed on behalf of the board by:
Name: KATERINA HAYES
Status: Director