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# DUROSE STUDIOS CIC

## Company limited by guarantee

## Company Registration Number:
15434933 (England and Wales)

## Unaudited statutory accounts for the year ended 31 January 2025

## Period of accounts

## Start date: 23 January 2024

## End date: 31 January 2025

# DUROSE STUDIOS CIC

## Contents of the Financial Statements

for the Period Ended 31 January 2025

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

# DUROSE STUDIOS CIC

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal activities of the company

Artistic creation

Directors

The director shown below has held office during the whole of the period from
23 January 2024 to 31 January 2025

Isobel Durose

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
22 October 2025

And signed on behalf of the board by:
Name: Isobel Durose
Status: Director

# DUROSE STUDIOS CIC

## Profit And Loss Account

for the Period Ended 31 January 2025

| 2025
--- | ---
| £
Turnover: | 7,235 |
Cost of sales: | ( 501 ) |
Gross profit(or loss): | 6,734
Administrative expenses: | ( 3,786 ) |
Operating profit(or loss): | 2,948
Profit(or loss) before tax: | 2,948
Profit(or loss) for the financial year: | 2,948

# DUROSE STUDIOS CIC

## Balance sheet

As at 31 January 2025

| Notes | 2025
--- | --- | ---
|  | £
Current assets
Debtors: | 3 | 1,474 |
Cash at bank and in hand: |  | 1,639 |
Total current assets: |  | 3,113
Net current assets (liabilities): |  | 3,113
Total assets less current liabilities: |  | 3,113
Accruals and deferred income: |  | ( 165 ) |
Total net assets (liabilities): |  | 2,948
Members' funds
Profit and loss account: |  | 2,948 |
Total members' funds: |  | 2,948

The notes form part of these financial statements

# DUROSE STUDIOS CIC

## 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 October 2025
and signed on behalf of the board by:

Name: Isobel Durose
Status: Director

The notes form part of these financial statements

# DUROSE STUDIOS CIC

## 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

  Turnover policy

  Turnover comprises council grant-funded services and sponsorships and is recognised on receipt of funds, recorded net of VAT and net of discounts/refunds. Amounts received in advance for undelivered services are recorded as deferred income until earned.

# DUROSE STUDIOS CIC

## Notes to the Financial Statements

for the Period Ended 31 January 2025

- ## 2. Employees

  | 2025
  --- | ---
  Average number of employees during the period | 1 |

# DUROSE STUDIOS CIC

## Notes to the Financial Statements

for the Period Ended 31 January 2025

## 3. Debtors

| 2025
--- | ---
| £
Trade debtors | 1,474 |
Total | 1,474

# COMMUNITY INTEREST ANNUAL REPORT

### DUROSE STUDIOS CIC

### Company Number: 15434933 (England and Wales)

### Year Ending: 31 January 2025

Company activities and impact

During our first year of operation, Durose Studios CIC delivered creative and artistic opportunities for the local community in Lytham St Annes and the wider Lancashire area. Key activities included: - Running over 50 free and low-cost art workshops (painting, ceramics, digital design) with over 200 participants, many of whom were young people, older adults, or individuals from low-income households. - Providing affordable studio space to emerging artists to support their development and showcase their work. - Partnering with 10 local organisations to deliver school holiday creative clubs, boosting confidence and creative skills among pupils. - Hosting 5 community exhibitions where local residents could display their work and invite family, friends, and the wider community.

Consultation with stakeholders

- Obtained regular feedback from workshop participants via questionnaires and informal discussion groups. - Engaged with local organisations, community groups, and the local council to identify priority themes (such as youth engagement and wellbeing). - Worked closely with partner artists and volunteers to shape the content and accessibility of workshops.

Directors' remuneration

- Directors did not receive any dividends. - Directors received modest remuneration to reflect their time spent organising workshops, administration, and studio management. All pay was in line with market rates for part-time community arts work.

Transfer of assets

No transfer of assets other than for full consideration

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

And signed on behalf of the board by:
Name: Isobel Durose
Status: Director