AIRE PLACE STUDIOS C.I.C.

Company limited by guarantee

Company Registration Number:
09948115 (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

AIRE PLACE STUDIOS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 January 2025

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

AIRE PLACE STUDIOS C.I.C.

Profit And Loss Account

for the Period Ended 31 January 2025

2025 2024


£
£
Turnover: 54,997 137,693
Cost of sales: ( 1,280 )
Gross profit(or loss): 53,717 137,693
Administrative expenses: ( 117,329 ) ( 118,070 )
Operating profit(or loss): (63,612) 19,623
Profit(or loss) before tax: (63,612) 19,623
Profit(or loss) for the financial year: (63,612) 19,623

AIRE PLACE STUDIOS C.I.C.

Balance sheet

As at 31 January 2025

Notes 2025 2024


£
£
Fixed assets
Tangible assets: 3 7,199 9,599
Total fixed assets: 7,199 9,599
Current assets
Cash at bank and in hand: 2,896 87,408
Total current assets: 2,896 87,408
Creditors: amounts falling due within one year: 4 ( 29,436 )
Net current assets (liabilities): 2,896 57,972
Total assets less current liabilities: 10,095 67,571
Creditors: amounts falling due after more than one year: 5 ( 6,993 )
Total net assets (liabilities): 10,095 60,578
Members' funds
Profit and loss account: 10,095 60,578
Total members' funds: 10,095 60,578

The notes form part of these financial statements

AIRE PLACE STUDIOS C.I.C.

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 22 September 2025
and signed on behalf of the board by:

Name: Sarah Francis
Status: Director

The notes form part of these financial statements

AIRE PLACE STUDIOS C.I.C.

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

AIRE PLACE STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 2 2

AIRE PLACE STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 February 2024 8,795 804 9,599
Additions
Disposals
Revaluations
Transfers
At 31 January 2025 8,795 804 9,599
Depreciation
At 1 February 2024 0 0 0
Charge for year 2,199 201 2,400
On disposals
Other adjustments
At 31 January 2025 2,199 201 2,400
Net book value
At 31 January 2025 6,596 603 7,199
At 31 January 2024 8,795 804 9,599

AIRE PLACE STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Creditors: amounts falling due within one year note

  2024
  £
Other creditors 29,436
Total   29,436

AIRE PLACE STUDIOS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 January 2025

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

  2024
  £
Other creditors 6,993
Total   6,993

COMMUNITY INTEREST ANNUAL REPORT

AIRE PLACE STUDIOS C.I.C.

Company Number: 09948115 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

We have 15 low cost studios offering affordable workspace for the local community. 4 of these spaces are community desks at a very low cost but in a creative co working space. All 4 are currently rented. We have 11 studios built and maintained through the rental of spaces. We have monthly forums for our members We have social and networking events. We had to move our premises in this tax year so our costs have been higher than in any previous year.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Full Details in accounts

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 September 2025

And signed on behalf of the board by:
Name: Sarah Francis
Status: Director