ART27 CIC

Company limited by guarantee

Company Registration Number:
SC683111 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ART27 CIC

Contents of the Financial Statements

for the Period Ended 31 December 2023

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

ART27 CIC

Directors' report period ended 31 December 2023

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

Principal activities of the company

Arts and Human Rights activities.

Additional information

Small companies exemption



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Mrs Helen Trew
Mr Robert Rae


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
27 September 2024

And signed on behalf of the board by:
Name: Mr Robert Rae
Status: Director

ART27 CIC

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 73,672 365,874
Cost of sales: ( 146,642 ) ( 149,993 )
Gross profit(or loss): (72,970) 215,881
Distribution costs: 0 0
Administrative expenses: ( 86,423 ) ( 103,348 )
Other operating income: 827 2,522
Operating profit(or loss): (158,566) 115,055
Interest receivable and similar income: 76 58
Profit(or loss) before tax: (158,490) 115,113
Profit(or loss) for the financial year: (158,490) 115,113

ART27 CIC

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 364 282
Cash at bank and in hand: 22,184 163,422
Investments:   0 0
Total current assets: 22,548 163,704
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 23,671 ) ( 6,492 )
Net current assets (liabilities): (1,123) 157,212
Total assets less current liabilities: (1,123) 157,212
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (1,123) 157,212
Members' funds
Profit and loss account: (1,123) 157,212
Total members' funds: ( 1,123) 157,212

The notes form part of these financial statements

ART27 CIC

Balance sheet statements

For the year ending 31 December 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 27 September 2024
and signed on behalf of the board by:

Name: Mr Robert Rae
Status: Director

The notes form part of these financial statements

ART27 CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

    Other accounting policies

    Going Concern, Income and Expenditure, Cash and cash equivalents, Financial Instruments, Taxation, Employee Benefits, Retirement Benefits, Foreign Exchange

ART27 CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

ART27 CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Debtors

2023 2022
£ £
Other debtors 364 282
Total 364 282

ART27 CIC

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 10 8
Other creditors 23,661 6,484
Total 23,671 6,492

COMMUNITY INTEREST ANNUAL REPORT

ART27 CIC

Company Number: SC683111 (Scotland)

Year Ending: 31 December 2023

Company activities and impact

We explore the meaning and implementation of Cultural Rights through local, national, and international perspectives. We are committed to addressing the challenges and to make the most of the opportunities that this brings to make our neighbourhood and city a dignified and peaceful place to live.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Included in Administration Expenses is £25,899 for Director's Salary.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 September 2024

And signed on behalf of the board by:
Name: Robert Rae
Status: Director