432 PRESENTS CIC

Company limited by guarantee

Company Registration Number:
SC744844 (Scotland)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

432 PRESENTS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

432 PRESENTS CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 48,628 8,175
Investments:   0 0
Total current assets: 48,628 8,175
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 482,961 ) ( 29,340 )
Net current assets (liabilities): (434,333) (21,165)
Total assets less current liabilities: (434,333) ( 21,165)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (434,333) (21,165)
Members' funds
Profit and loss account: (434,333) ( 21,165)
Total members' funds: ( 434,333) (21,165)

The notes form part of these financial statements

432 PRESENTS CIC

Balance sheet statements

For the year ending 30 September 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 30 September 2025
and signed on behalf of the board by:

Name: Victoria Hughes
Status: Director

The notes form part of these financial statements

432 PRESENTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Other accounting policies

    Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

432 PRESENTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 16 1

432 PRESENTS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 7,515
Accruals and deferred income 4,783 5,330
Other creditors 470,663 24,010
Total 482,961 29,340

£355,063 of other creditors relates to amounts owed to group undertakings in which the company has a participating interest.

COMMUNITY INTEREST ANNUAL REPORT

432 PRESENTS CIC

Company Number: SC744844 (Scotland)

Year Ending: 30 September 2024

Company activities and impact

432 Presents CIC organises many concerts primarily at a well-known community venue The Hug and Pint, 171 Great Western Road, Glasgow G4 9AW. These events provide opportunities for emerging and established artists to perform in an intimate and supportive setting, fostering cultural enrichment in the local community. The Hug and Pint remains a hub for live music, bringing people together to enjoy diverse performances and discover new talent. Through affordable ticket pricing, we ensure accessibility for a wide audience, promoting inclusivity and encouraging participation from individuals who may not always engage with live music. Furthermore, the venue serves as a space for collaboration and networking among musicians, promoters, and fans, contributing hugely to Glasgow’s reputation as a vibrant cultural destination.

Consultation with stakeholders

No consultation with stakeholders

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
30 September 2025

And signed on behalf of the board by:
Name: Victoria Hughes
Status: Director