TWO TWOS ART CIC

Company limited by guarantee

Company Registration Number:
15504332 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 19 February 2024

End date: 31 January 2025

TWO TWOS ART 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

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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

Principal activities of the company

The principal activity of the company throughout the year was to provide Artistic Creation Services.



Directors

The directors shown below have held office during the whole of the period from
19 February 2024 to 31 January 2025

Kim Myers
Nicholas Wedderburn
Taquira Wilson


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
5 February 2025

And signed on behalf of the board by:
Name: Kim Myers
Status: Director

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Profit And Loss Account

for the Period Ended 31 January 2025

11 months to 31 January 2025


£
Turnover: 2,574
Cost of sales: ( 2,330 )
Gross profit(or loss): 244
Administrative expenses: ( 512 )
Operating profit(or loss): (268)
Profit(or loss) before tax: (268)
Profit(or loss) for the financial year: (268)

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Balance sheet

As at 31 January 2025

Notes 11 months to 31 January 2025


£
Current assets
Cash at bank and in hand: 2,480
Total current assets: 2,480
Net current assets (liabilities): 2,480
Total assets less current liabilities: 2,480
Creditors: amounts falling due after more than one year: 3 ( 146 )
Accruals and deferred income: ( 2,602 )
Total net assets (liabilities): (268)
Members' funds
Profit and loss account: (268)
Total members' funds: ( 268)

The notes form part of these financial statements

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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 5 February 2025
and signed on behalf of the board by:

Name: Kim Myers
Status: Director

The notes form part of these financial statements

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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 represents net invoiced sales of goods and services, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Office Equipment 20% on reducing balance Plant and Machinery 20% on reducing balance

    Intangible fixed assets amortisation policy

    Amortization is provided on all intangible assets over 6 years

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Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    11 months to 31 January 2025
    Average number of employees during the period 0

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Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Creditors: amounts falling due after more than one year note

11 months to 31 January 2025
£
Other creditors 146
Total 146

COMMUNITY INTEREST ANNUAL REPORT

TWO TWOS ART CIC

Company Number: 15504332 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

Two Twos Art CIC activities will provide benefit to young people and those less easy to reach within local communities, through cultural connection and artistic expression. Our projects will encourage emotional wellbeing and a sense of belonging within those from underrepresented communities. We intend to connect communities, generations and engage audiences that do not typically see themselves represented in art spaces. The projects will offer opportunities for volunteering and work experience to young people in the community that have faced barriers trying to enter employment.

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
5 February 2025

And signed on behalf of the board by:
Name: Kim Myers
Status: Director