ST LEONARDS STUDIO CIC

Company limited by guarantee

Company Registration Number:
13382336 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

ST LEONARDS STUDIO CIC

Contents of the Financial Statements

for the Period Ended 31 May 2024

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

ST LEONARDS STUDIO CIC

Directors' report period ended 31 May 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Anne Jeanette Cryar
Zowie Martin


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
20 February 2025

And signed on behalf of the board by:
Name: Anne Jeanette Cryar
Status: Director

ST LEONARDS STUDIO CIC

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 21,439 14,908
Cost of sales: ( 4,775 ) ( 3,205 )
Gross profit(or loss): 16,664 11,703
Administrative expenses: ( 16,357 ) ( 11,196 )
Operating profit(or loss): 307 507
Profit(or loss) before tax: 307 507
Tax: ( 64 ) ( 253 )
Profit(or loss) for the financial year: 243 254

ST LEONARDS STUDIO CIC

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 120 150
Total fixed assets: 120 150
Current assets
Cash at bank and in hand: 5,137 4,638
Total current assets: 5,137 4,638
Creditors: amounts falling due within one year: 4 ( 479 ) ( 253 )
Net current assets (liabilities): 4,658 4,385
Total assets less current liabilities: 4,778 4,535
Total net assets (liabilities): 4,778 4,535
Members' funds
Profit and loss account: 4,778 4,535
Total members' funds: 4,778 4,535

The notes form part of these financial statements

ST LEONARDS STUDIO CIC

Balance sheet statements

For the year ending 31 May 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 20 February 2025
and signed on behalf of the board by:

Name: Anne Jeanette Cryar
Status: Director

The notes form part of these financial statements

ST LEONARDS STUDIO CIC

Notes to the Financial Statements

for the Period Ended 31 May 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

ST LEONARDS STUDIO CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

ST LEONARDS STUDIO CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 150 150
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 150 150
Depreciation
At 1 June 2023 0 0
Charge for year 30 30
On disposals
Other adjustments
At 31 May 2024 30 30
Net book value
At 31 May 2024 120 120
At 31 May 2023 150 150

ST LEONARDS STUDIO CIC

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 415
Taxation and social security 64 253
Total 479 253

COMMUNITY INTEREST ANNUAL REPORT

ST LEONARDS STUDIO CIC

Company Number: 13382336 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

We continue to provide a space for well-being activities for the local community and build on creating a hub of providers of health and creative classes. We provide affordable activities and are now involved with Active Hastings and U3A.

Consultation with stakeholders

Stakeholders are teachers and therapists using the space. We have had 3 meetings this year and continue our one-to-one contact with individual stakeholders. Action taken in response include communications to head leaser holder of former venue, connections with the local People’s Health Alliance and a general get together to check in with each other.

Directors' remuneration

Directors renumeration £4,775.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 January 2025

And signed on behalf of the board by:
Name: Anne Jeanette Cryar
Status: Director