NEW ART GAZETTE CIC

Company limited by guarantee

Company Registration Number:
09973640 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 1 February 2024

End date: 31 January 2025

NEW ART GAZETTE 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

NEW ART GAZETTE CIC

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

Directors

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

DANIEL NANVATI
Nancy Schreiber NESVET


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: DANIEL NANVATI
Status: Director

NEW ART GAZETTE CIC

Profit And Loss Account

for the Period Ended 31 January 2025

2025 2024


£

£
Turnover: 6,586 7,200
Cost of sales: ( 3,228 ) ( 1,123 )
Gross profit(or loss): 3,358 6,077
Administrative expenses: ( 5,514 ) ( 2,762 )
Operating profit(or loss): (2,156) 3,315
Interest receivable and similar income: 10
Profit(or loss) before tax: (2,156) 3,325
Tax: ( 525 )
Profit(or loss) for the financial year: (2,156) 2,800

NEW ART GAZETTE CIC

Balance sheet

As at 31 January 2025

Notes 2025 2024


£

£
Current assets
Cash at bank and in hand: 2,700 5,381
Total current assets: 2,700 5,381
Creditors: amounts falling due within one year: 3 ( 4,274 ) ( 4,799 )
Net current assets (liabilities): (1,574) 582
Total assets less current liabilities: (1,574) 582
Total net assets (liabilities): (1,574) 582
Members' funds
Profit and loss account: (1,574) 582
Total members' funds: ( 1,574) 582

The notes form part of these financial statements

NEW ART GAZETTE CIC

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

Name: DANIEL NANVATI
Status: Director

The notes form part of these financial statements

NEW ART GAZETTE CIC

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

NEW ART GAZETTE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

NEW ART GAZETTE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 525
Accruals and deferred income 474 474
Other creditors 3,800 3,800
Total 4,274 4,799

COMMUNITY INTEREST ANNUAL REPORT

NEW ART GAZETTE CIC

Company Number: 09973640 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

The New Art Gazette CiC runs the open source art journal New Art Examiner for the benefit of the art arena worldwide. The Journal may be read at www.newartexaminer.net The journal pays for its online activity and a small stipend to contributors through rental income from its studio.

Consultation with stakeholders

Editors, readers and writers are the stakeholders. Every article is discussed and every review offered is read and edited. Every contributor receives a pdf of the final issue. Every article and review is uploaded to the website. Each pdf is compiled by proactive editors asking for work, and writers sending in their own ideas for articles.

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
20 February 2025

And signed on behalf of the board by:
Name: DANIEL NANVATI
Status: Director