HYPE & GENIUS CIC

Company limited by guarantee

Company Registration Number:
14774897 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 1 May 2024

End date: 30 April 2025

HYPE & GENIUS CIC

Contents of the Financial Statements

for the Period Ended 30 April 2025

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

HYPE & GENIUS CIC

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Principal activities of the company

The company is a Community Interest Company (CIC). As such, the CIC's activities are outlined in the Community Interest Annual Report that is included within this filing.



Directors

The directors shown below have held office during the whole of the period from
1 May 2024 to 30 April 2025

Khadijah Saleem
Korinna Bridget Kelly Williams


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 July 2025

And signed on behalf of the board by:
Name: Korinna Bridget Kelly Williams
Status: Director

HYPE & GENIUS CIC

Profit And Loss Account

for the Period Ended 30 April 2025

2025 13 months to 30 April 2024


£

£
Turnover: 26,899 4,812
Cost of sales: ( 2,035 ) ( 235 )
Gross profit(or loss): 24,864 4,577
Administrative expenses: ( 55,347 ) ( 4,267 )
Other operating income: 39,003
Operating profit(or loss): 8,520 310
Interest payable and similar charges: ( 1 )
Profit(or loss) before tax: 8,519 310
Tax: ( 499 )
Profit(or loss) for the financial year: 8,020 310

HYPE & GENIUS CIC

Balance sheet

As at 30 April 2025

Notes 2025 13 months to 30 April 2024


£

£
Fixed assets
Tangible assets: 3 5,895 0
Total fixed assets: 5,895 0
Current assets
Cash at bank and in hand: 5,791 310
Total current assets: 5,791 310
Creditors: amounts falling due within one year: 4 ( 3,356 )
Net current assets (liabilities): 2,435 310
Total assets less current liabilities: 8,330 310
Total net assets (liabilities): 8,330 310
Members' funds
Profit and loss account: 8,330 310
Total members' funds: 8,330 310

The notes form part of these financial statements

HYPE & GENIUS CIC

Balance sheet statements

For the year ending 30 April 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 25 July 2025
and signed on behalf of the board by:

Name: Korinna Bridget Kelly Williams
Status: Director

The notes form part of these financial statements

HYPE & GENIUS CIC

Notes to the Financial Statements

for the Period Ended 30 April 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

    Turnover policy

    Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: - Land and buildings - 25 years - Plant and machinery - 5 years - Fixtures and fittings - 5 years - Vehicles - 10 years - Office Equipment - 3 years

HYPE & GENIUS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    2025 13 months to 30 April 2024
    Average number of employees during the period 2 2

    This number includes only the directors.

HYPE & GENIUS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2024 0 0
Additions 8,392 8,392
Disposals
Revaluations
Transfers
At 30 April 2025 8,392 8,392
Depreciation
At 1 May 2024 0 0
Charge for year 2,497 2,497
On disposals
Other adjustments
At 30 April 2025 2,497 2,497
Net book value
At 30 April 2025 5,895 5,895
At 30 April 2024 0 0

HYPE & GENIUS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Creditors: amounts falling due within one year note

2025
£
Trade creditors 2,917
Taxation and social security 439
Total 3,356

Short-term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

COMMUNITY INTEREST ANNUAL REPORT

HYPE & GENIUS CIC

Company Number: 14774897 (England and Wales)

Year Ending: 30 April 2025

Company activities and impact

Hype & Genius CIC provides educational creative industry programmes, cultural activities and creative industry consultations and partnerships to reduce exploitation in the creative industry and to protect the future of creativity. In the 2024/25 year we: - Ran a free 4-week music camp - Hosted a pop-up shop - Delivered 2 x creative entrepreneurship programmes - Held 2 x live shows - Delivered an events management programme - Delivered a music business master class programme - Hosted 6 x digital masterclasses - Held a global impact day - Partnered with brands such as Warner Brothers, Westfield, Ditto and more We have benefitted the community by: - Providing opportunities to underrepresented people - Delivered free education to those who otherwise would not be able to access it - Ensured the creative industry is more diverse - Supported up and coming creative entrepreneurs - Improved creative industry employment prospects - Worked with over 500 18-30 year olds in London to provide them with opportunities

Consultation with stakeholders

Hype & Genius CIC’s stakeholders include: the creatives that we support, employers in the creative industry, local councils, schools and colleges. We have consulted our stakeholders to ask what types of interventions they require and we use their feedback to inform the programmes that we offer.

Directors' remuneration

Total directors’ remuneration was £14,247.28 There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for the director’s loss of office, which required to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 July 2025

And signed on behalf of the board by:
Name: Korinna Bridget Kelly Williams
Status: Director