ART27 CIC

Company limited by guarantee

Company Registration Number:
SC683111 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

ART27 CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

ART27 CIC

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the company continued to be that of Arts and Human Rights activities.

Additional information

Small companies exemption



Directors

The director shown below has held office during the whole of the period from
1 January 2024 to 31 December 2024

Robert Rae


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
30 September 2025

And signed on behalf of the board by:
Name: Robert Rae
Status: Director

ART27 CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 75,649 73,672
Cost of sales: ( 43,871 ) ( 146,642 )
Gross profit(or loss): 31,778 (72,970)
Distribution costs: 0 0
Administrative expenses: ( 31,809 ) ( 86,423 )
Other operating income: 827
Operating profit(or loss): (31) (158,566)
Interest receivable and similar income: 118 76
Profit(or loss) before tax: 87 (158,490)
Profit(or loss) for the financial year: 87 (158,490)

ART27 CIC

Balance sheet

As at 31 December 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: 3 365 364
Cash at bank and in hand: 28,498 22,184
Investments:   0 0
Total current assets: 28,863 22,548
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 29,899 ) ( 23,671 )
Net current assets (liabilities): (1,036) (1,123)
Total assets less current liabilities: (1,036) ( 1,123)
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): (1,036) (1,123)
Members' funds
Profit and loss account: (1,036) ( 1,123)
Total members' funds: ( 1,036) (1,123)

The notes form part of these financial statements

ART27 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.

This report was approved by the board of directors on 30 September 2025
and signed on behalf of the board by:

Name: Robert Rae
Status: Director

The notes form part of these financial statements

ART27 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

ART27 CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 1

ART27 CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Debtors

2024 2023
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 365 364
Total 365 364
Debtors due after more than one year: 0 0

ART27 CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 12 10
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 29,887 23,661
Total 29,899 23,671

COMMUNITY INTEREST ANNUAL REPORT

ART27 CIC

Company Number: SC683111 (Scotland)

Year Ending: 31 December 2024

Company activities and impact

We explore the meaning and implementation of Cultural Rights through local, national and international perspectives. We are committed to addressing the challenges and to make the most of the opportunities that this brings to make our neighbourhood and city a dignified and peaceful place to live.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Included in Administration Expenses is £17,645 for Director's Fees.

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: Robert Rae
Status: Director