HOMEMADE HOUSING CIC

Company limited by guarantee

Company Registration Number:
15679388 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2026

Period of accounts

Start date: 1 February 2025

End date: 31 January 2026

HOMEMADE HOUSING CIC

Contents of the Financial Statements

for the Period Ended 31 January 2026

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HOMEMADE HOUSING CIC

Balance sheet

As at 31 January 2026

Notes 2026 9 months to 31 January 2025


£
£
Current assets
Cash at bank and in hand: 9,234 9,276
Total current assets: 9,234 9,276
Creditors: amounts falling due within one year: 3 ( 91,659 ) ( 90,159 )
Net current assets (liabilities): (82,425) (80,883)
Total assets less current liabilities: (82,425) ( 80,883)
Total net assets (liabilities): (82,425) (80,883)
Members' funds
Profit and loss account: (82,425) ( 80,883)
Total members' funds: ( 82,425) (80,883)

The notes form part of these financial statements

HOMEMADE HOUSING CIC

Balance sheet statements

For the year ending 31 January 2026 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 October 2026
and signed on behalf of the board by:

Name: Mr S P Baker
Status: Director

The notes form part of these financial statements

HOMEMADE HOUSING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 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

    Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company cannot reclaim it.

    Other accounting policies

    Going concern At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Financial instruments The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Employee benefits The costs of short-term employee benefits are recognised as a liability and an expense. Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

HOMEMADE HOUSING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

  • 2. Employees

    2026 9 months to 31 January 2025
    Average number of employees during the period 1 1

HOMEMADE HOUSING CIC

Notes to the Financial Statements

for the Period Ended 31 January 2026

3. Creditors: amounts falling due within one year note

2026 9 months to 31 January 2025
£ £
Taxation and social security 1,801 1,601
Other creditors 89,858 88,558
Total 91,659 90,159

COMMUNITY INTEREST ANNUAL REPORT

HOMEMADE HOUSING CIC

Company Number: 15679388 (England and Wales)

Year Ending: 31 January 2026

Company activities and impact

During 2025/2026 Homemade CIC has focused on developing innovative housing solutions for young people who have recently been granted asylum or other forms of protection in the UK. As the Government has increasingly moved away from the use of hotel accommodation and towards dispersed housing arrangements, we have seen growing numbers of young people settling in the North Devon area following the granting of refugee status. Many face significant barriers in accessing private rented accommodation, have limited local support networks and are at a heightened risk of homelessness during the transition to independent living. In response, the company has developed a hosted HMO model that combines affordable housing with practical wellbeing support. The model is designed to enable young people to focus on learning English, accessing education and training opportunities, and securing sustainable employment. We refer to these as the project's four pillars: housing, wellbeing, education and employment. We believe these pillars are essential to successful integration, helping young people build independent lives, contribute positively to their local communities and reduce their risk of homelessness and social exclusion. During the year, Homemade CIC successfully identified and acquired an appropriate town-centre property located close to key support services. The company also secured philanthropic funding from trusts and foundations to support the purchase and conversion of the building. Conversion works commenced in summer 2025 and the project, known as "The Joy Project", is scheduled to open during 2026. The Joy Project will provide accommodation for up to eight young people who have recently been granted asylum or refugee status. There is also potential for the project to accommodate young people resettled through the Government's Afghan resettlement programmes where their needs align with the aims of the project. By providing safe and stable accommodation alongside targeted support, the project seeks to improve wellbeing, reduce homelessness, promote social inclusion and create opportunities for beneficiaries to participate fully in local community life.

Consultation with stakeholders

The principal stakeholder group for the Joy Project comprises young people seeking asylum and those who have recently been granted leave to remain in the UK. Engagement with this cohort has principally taken place through "Settle", The Pickwell Foundation's refugee support hub based in central Barnstaple. The model for the Joy Project has been developed in close consultation with young people accessing the service, their support workers and the Operations Manager at The Pickwell Foundation. Through this engagement, beneficiaries consistently highlighted the challenges they face in securing affordable accommodation, developing local support networks and accessing opportunities for education and employment. Stakeholders identified the lack of appropriate move-on accommodation following the granting of leave to remain as one of the most significant barriers facing young refugees in North Devon. Feedback also emphasised the importance of combining housing with practical wellbeing support during the transition to independent living. These views have directly informed the development of the project's four-pillar approach of housing, wellbeing, education and employment. Homemade CIC has also worked closely with North Devon District Council's Housing Options team in developing the project. This engagement has helped ensure that the housing model is both sustainable and responsive to local housing needs, while complementing existing homelessness prevention and housing support services in the district. In addition, the company has engaged with charitable trusts and foundations that have supported the project financially. We are particularly grateful to the Jericho Trust for enabling the purchase of the property and to the Samworth Foundation for providing grant funding towards its development. Their support reflects confidence in the project's ability to deliver meaningful community benefit and positive outcomes for vulnerable young people.

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
26 October 2026

And signed on behalf of the board by:
Name: Richard Elliott
Status: Director