6 October 2023 v2025.36.1 micro_entity_frs_105_v1_1_2 filingSoftwarefalsetruetruetruefalseNo description of principal activity0truexbrli:purexbrli:sharesiso4217:GBPSC7851572023-10-062024-10-31SC7851572024-10-31SC785157core:WithinOneYear2024-10-31SC785157bus:RegisteredOffice2023-10-062024-10-31SC785157bus:Director12023-10-062024-10-31SC78515712023-10-062024-10-31SC785157countries:Scotland2023-10-062024-10-31SC785157bus:AuditExemptWithAccountantsReport2023-10-062024-10-31SC785157bus:CompanyLimitedByGuarantee2023-10-062024-10-31SC785157bus:Micro-entities2023-10-062024-10-31SC785157bus:FullAccounts2023-10-062024-10-31
Company registration number:
SC785157
Paradigm Shift Open Studio Ltd
Company limited by guarantee
Unaudited Filleted Financial Statements for the period ended
31 October 2024
Paradigm Shift Open Studio Ltd
Statement of Financial Position
31 October 2024
31 Oct 2024
£
Fixed assets
310
 
 
Current assets
2,752
 
Creditors: amounts falling due within one year
(6,040
)
Net current liabilities
(3,288
)
Total assets less current liabilities
(2,978
)
Accruals and deferred income
(450
)
Net liabilities
(3,428
)
 
Capital and reserves
(3,428
)

Notes to the Financial Statements

1 General information

The company is a private company limited by guarantee and is registered in Scotland. The address of the registered office is
7-9 Tolbooth Wynd
,
The Shore, Leith
,
Edinburgh
,
EH6 6DN
, Scotland.

2 Limited by guarantee

The company is a private company limited by guarantee without share capital. It also has an asset lock, which ensures that the company is not established or conducted for excess private gain; any profits or assets are to be applied solely for the benefit of the community. The liability of each member (who are also the directors) is limited to £1, being the amount each member undertakes to contribute to the assets of the company in the event of its being wound up while he or she is a member or within one year he or she ceases to become a member.

3 Average number of employees

The average number of persons employed by the company during the period was Nil.

4 Director's advances, credit and guarantees

The Director has put money into the Company during the period and as a result there is an amount due to the Director at the period end of £5,040.

5 Guarantees and other financial commitments

Other then disclosed elsewhere in the accounts, there were no guarantees. At the year-end there were financial commitments of £1,000 in respect of the sub-lease of the building.

6 Off-balance sheet arrangements

There were no off-balance sheet arrangements during the period or at the period end.
For the period ending
31 October 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
12 June 2025
, and are signed on behalf of the board by:
B Wood
Director
Company registration number:
SC785157