OPEN CURTAIN THEATRE ARTS CIC

Company limited by guarantee

Company Registration Number:
15080389 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 18 August 2023

End date: 31 August 2024

OPEN CURTAIN THEATRE ARTS CIC

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

OPEN CURTAIN THEATRE ARTS CIC

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

Performing arts, Cultural education and Artistic creation

Additional information

Review of the Business During the financial year ending 31st August 2024, Open Curtain Theatre Arts CIC has been primarily focused on establishing the foundation for future operations. This has included the development of a comprehensive business plan, defining the company's mission and objectives, and preparing the necessary groundwork for future funding applications. As of this reporting period, the company has not commenced trading and has not generated any income. All activities have been conducted on a voluntary basis by the director of the organization, with no financial transactions recorded during the year. Although the company has not yet started its operations, significant progress has been made in laying the groundwork for its future impact on the community. The director is committed to moving forward with the company’s objectives in the coming year, particularly in securing grants and other funding to begin delivering services and programs that will benefit the community. Future Developments Looking ahead, the company plans to apply for grants and other funding sources to enable it to begin delivering on its mission. The focus for the upcoming year will be on launching the first set of community programs, including workshops, productions, and educational events, aimed at fostering creativity and inclusivity within the London arts scene. Directors The directors who held office during the period were: Obinna OKEKE Directors’ Responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Financial Performance As the company has not begun operations or generated income, the financial statements reflect no monetary activity for this period. The directors have voluntarily contributed their time to administrative tasks, with no remuneration. Statement of Disclosure to Auditors In so far as the directors are aware: There is no relevant audit information of which the company's auditor is unaware; and The directors have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.



Directors

The director shown below has held office during the whole of the period from
18 August 2023 to 31 August 2024

Obinna Okeke


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
3 September 2024

And signed on behalf of the board by:
Name: Obinna Okeke
Status: Director

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Profit And Loss Account

for the Period Ended 31 August 2024

2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 0
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 0
Tax: 0
Profit(or loss) for the financial year: 0

OPEN CURTAIN THEATRE ARTS CIC

Balance sheet

As at 31 August 2024

Notes 2024


£
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:   0
Net current assets (liabilities): 0
Total assets less current liabilities: 0
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

OPEN CURTAIN THEATRE ARTS CIC

Balance sheet statements

For the year ending 31 August 2024 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 3 September 2024
and signed on behalf of the board by:

Name: Obinna Okeke
Status: Director

The notes form part of these financial statements

OPEN CURTAIN THEATRE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 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

OPEN CURTAIN THEATRE ARTS CIC

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024
    Average number of employees during the period 1

COMMUNITY INTEREST ANNUAL REPORT

OPEN CURTAIN THEATRE ARTS CIC

Company Number: 15080389 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

During the financial year ending [Year-End Date], Open Curtain Theatre Arts CIC has not yet commenced trading. The company’s activities were primarily focused on establishing the foundation for future operations, including developing the business plan, defining our mission, and preparing for grant applications. Although no direct community benefits were realized this year, our planned activities will significantly benefit the community by promoting diversity and inclusivity within the performing arts, particularly for underrepresented minorities in London.

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
3 September 2024

And signed on behalf of the board by:
Name: Obinna Okeke
Status: Director