W CREATIVE STUDIOS C.I.C.

Company limited by guarantee

Company Registration Number:
14146382 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

W CREATIVE STUDIOS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

W CREATIVE STUDIOS C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 13 months to 30 June 2023


£

£
Current assets
Cash at bank and in hand: 1,723 914
Total current assets: 1,723 914
Net current assets (liabilities): 1,723 914
Total assets less current liabilities: 1,723 914
Creditors: amounts falling due after more than one year: 3 ( 1,161 ) ( 870 )
Total net assets (liabilities): 562 44
Members' funds
Profit and loss account: 562 44
Total members' funds: 562 44

The notes form part of these financial statements

W CREATIVE STUDIOS C.I.C.

Balance sheet statements

For the year ending 30 June 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 March 2025
and signed on behalf of the board by:

Name: Daniela Magni
Status: Director

The notes form part of these financial statements

W CREATIVE STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax, and other sales taxes.

    Other accounting policies

    Basis of preparing the financial statements These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

W CREATIVE STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 13 months to 30 June 2023
    Average number of employees during the period 0 0

W CREATIVE STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

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

2024 13 months to 30 June 2023
£ £
Other creditors 1,161 870
Total 1,161 870

COMMUNITY INTEREST ANNUAL REPORT

W CREATIVE STUDIOS C.I.C.

Company Number: 14146382 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

The company’s activities will provide benefits to emerging artists, the local population, and art/music enthusiasts through the provision of spaces where art can be created, exhibited, and performed. Local councils and landlords will also benefit through the creative occupation of vacant units. 1 – Spaces and studios where emerging artists can hone their crafts without the worry of crippling city centre rents 2- Councils and other landlords will benefit from the improved security of their premises as they are not left empty 3 - creation of a more vibrant and ‘alive’ community where things happen, as opposed to an area falling into decline 4 - Potential tenants will be more interested in the leases in the area, organising creative events, workshops, and talks. 5 - Promotion of culture and well-being through social engagement 6 - Enhanced mental health, emotional well-being and quality of life through participation in cultural and creative activities 7 - Visibility – spaces for creatives to showcase their talents

Consultation with stakeholders

W Creative Studios has engaged both internal and external stakeholders through ongoing consultation to shape and improve its work. Internally, founders, directors, and volunteers contribute regularly through team meetings and strategic planning sessions, ensuring the organisation remains aligned with its values and responsive to operational needs. Externally, artists, landlords, local residents, and partner organisations have been consulted via surveys, informal feedback sessions, and community events. In response, W Creative Studios has implemented flexible access models for artists, introduced clearer communication channels for landlords, and curated more inclusive programming to reflect the interests and diversity of local communities. Feedback has directly informed the development of new partnerships and a more transparent, collaborative approach to activating creative spaces

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
28 March 2025

And signed on behalf of the board by:
Name: Daniela Magni
Status: Director