LODESTONE CREATIVE CIC

Company limited by guarantee

Company Registration Number:
SC548704 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

LODESTONE CREATIVE CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LODESTONE CREATIVE CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0
Tangible assets: 3 199 0
Investments:   0 0
Total fixed assets: 199 0
Current assets
Stocks: 4 2,389 19,089
Cash at bank and in hand: 54 1,712
Total current assets: 2,443 20,801
Creditors: amounts falling due within one year: 5 ( 18,975 )
Net current assets (liabilities): 2,443 1,826
Total assets less current liabilities: 2,642 1,826
Creditors: amounts falling due after more than one year: 6 ( 10,272 ) ( 9,058 )
Provision for liabilities: 0
Accruals and deferred income: 0
Total net assets (liabilities): (7,630) (7,232)
Members' funds
Profit and loss account: (7,630) ( 7,232)
Total members' funds: ( 7,630) (7,232)

The notes form part of these financial statements

LODESTONE CREATIVE CIC

Balance sheet statements

For the year ending 31 December 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 27 March 2025
and signed on behalf of the board by:

Name: Jain McIntyre
Status: Director

The notes form part of these financial statements

LODESTONE CREATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 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

LODESTONE CREATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 3

LODESTONE CREATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 0 0
Additions 199 199
Disposals
Revaluations
Transfers
At 31 December 2024 199 199
Depreciation
At 1 January 2024
Charge for year
On disposals
Other adjustments
At 31 December 2024
Net book value
At 31 December 2024 199 199
At 31 December 2023 0 0

LODESTONE CREATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Stocks

2024 2023
£ £
Stocks 2,389 19,089
Total 2,389 19,089

LODESTONE CREATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Creditors: amounts falling due within one year note

  2023
  £
Bank loans and overdrafts 5,030
Trade creditors 286
Taxation and social security 1,621
Other creditors 12,038
Total   18,975

LODESTONE CREATIVE CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

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

2024 2023
£ £
Bank loans and overdrafts 6,880 9,058
Other creditors 3,392
Total 10,272 9,058

COMMUNITY INTEREST ANNUAL REPORT

LODESTONE CREATIVE CIC

Company Number: SC548704 (Scotland)

Year Ending: 31 December 2024

Company activities and impact

During 2024 Lodestone continued to offer low cost rent to new business start ups in our office spaces in Dumbarton. At the end of 2024 we had 6 permanent users of our studio space. The main bulk of our work in 2024 was continuing to develop the Made Guid Shop in Dumbarton - an eco refill shop selling household cleaning refills, food refills and environmentally friendly products. We also supported local makers by having a section in the shop for local craft goods. In 2024 we completed a funded project running food and health workshops. One of the aims of this project was for people to become more familiar and comfortable with the range of wholefoods and options we sold and to relate this back to health improvements and better choices for the planet, Participants have feedback a range of positive comments focused on the relaxed nature of the workshops and the ability to replicate recipes at home. The menopause foods workshops were very popular due their informal nature and range of food information that could help with a number of peri and menopause symptoms. The Friday night dine ins always have a relaxed social feel about them with participants sitting round the table at the end of the cooking and sharing stories. We worked with a range of local residents who had not engaged with any of our activities before and we have been able to first introduce them to new ways of thinking about food and preparing recipes but also a different approach to how they shop and what to look for when trying to shop for the planet and source locally. What worked well - Having a great community chef to work with who had the correct experience for working with a range of participants and how had the nutritional background to link food options with health benefits in a fun and engaging way - Moving venue to have our own cooking space. Originally we worked from a table within our shop premises. We moved the shop to new premises in January 2024 with added workshop space in the upper floors that enabled us to set up for regular workshops and have space to have shared meals together. - Word of mouth sharing about the benefit of the workshop - Once the workshops were in full swing we did begin to notice repeat participants. - Being able to add in a some alternative food concepts such as ayurvedic practice and herbalism into the range of workshops we could offer over and above straightforward cooking classes. Our arts programme has been on hold since 2020 as we develop the eco refill shop and food programmes.

Consultation with stakeholders

The shop regulary asks customers about the focus of our work, our products and to shape our workshop programme. This is done through informal methods and chatting to customers who use the shop regularly. We also make use of social media regulary for sharing information and gathering feedback. The food workshops gathered information from participants after each workshop through conversation and an email after the workshop. The feedback from these has helped shape future funding applications for workshops.

Directors' remuneration

£4872 was the total amount fo salary paid to Directors

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 March 2025

And signed on behalf of the board by:
Name: Jain McIntyre
Status: Director