PRAH CIC

Company limited by guarantee

Company Registration Number:
13508686 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

PRAH CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

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

PRAH CIC

Directors' report period ended 31 July 2024

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

Directors

The director shown below has held office during the whole of the period from
1 August 2023 to 31 July 2024

S G Bass


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
25 April 2025

And signed on behalf of the board by:
Name: S G Bass
Status: Director

PRAH CIC

Profit And Loss Account

for the Period Ended 31 July 2024

2024 2023


£

£
Turnover: 27,738 17,714
Cost of sales: ( 22,590 ) ( 16,100 )
Gross profit(or loss): 5,148 1,614
Administrative expenses: ( 5,148 ) ( 1,614 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

PRAH CIC

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 16,410 13,279
Total current assets: 16,410 13,279
Creditors: amounts falling due within one year: 3 ( 16,410 ) ( 13,279 )
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

PRAH CIC

Balance sheet statements

For the year ending 31 July 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 25 April 2025
and signed on behalf of the board by:

Name: S G Bass
Status: Director

The notes form part of these financial statements

PRAH CIC

Notes to the Financial Statements

for the Period Ended 31 July 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

PRAH CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

PRAH CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 14,822 12,759
Other creditors 1,588 520
Total 16,410 13,279

COMMUNITY INTEREST ANNUAL REPORT

PRAH CIC

Company Number: 13508686 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

In the last financial year PRAH hosted over 30 artist residencies in its studios and in most cases also provided accommodation. This included a tie up with another Margate based organisation People Dem Collective which is resulting in hopefully an ongoing collaboration with 2 residencies coming from their community. these residencies are all free for artists. We have again over-delivered on plans and are building a good foundation for ongoing engagement with deserving artists

Consultation with stakeholders

Our stakeholders are the musical artistic community. It was a suggestion from one that the accommodation was on site and this is something we have been implementing over the last 2 years. We have sourced a piano as well on the request of one of our previous residences who helped us find the instrument.

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
25 April 2025

And signed on behalf of the board by:
Name: S J Bass
Status: Director