OPEN ACADEMIC RESEARCH UK CIC

Company limited by guarantee

Company Registration Number:
12490420 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2025

Period of accounts

Start date: 1 March 2024

End date: 28 February 2025

OPEN ACADEMIC RESEARCH UK CIC

Contents of the Financial Statements

for the Period Ended 28 February 2025

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

OPEN ACADEMIC RESEARCH UK CIC

Directors' report period ended 28 February 2025

The directors present their report with the financial statements of the company for the period ended 28 February 2025

Principal activities of the company

The principal activities of Open Academic Research UK CIC during the reporting period have focused on fostering innovation and enhancing the capabilities of stakeholders, specifically targeting creative thinkers, researchers, and students from the Global South, particularly India, while also including individuals from Europe. Our commitment has been to provide advanced training and develop cutting-edge innovations in the fields of nanotechnology, quantum technology, and biophysics. Impact on stakeholders: Despite not generating any financial income during this period, the CIC has had a significant impact on the following stakeholders: 1. Students and early career researchers: Seven students have been directly involved in our programs. Their areas of work included, nanotechnology, quantum technology, biophysics, education, and social science. Outcomes: Each student has produced high-quality research outputs, positioning them as early-career stage researchers and potential leaders in their respective fields. This engagement has equipped them with skills and knowledge that will enhance their future academic and professional prospects. 2. Creative Thinkers & Researchers: The CIC created a collaborative environment where innovative ideas were exchanged. This networking has strengthened the connections between researchers from different backgrounds, leading to collaborative opportunities that transcend geographic boundaries. Health and operational challenges: The directors have been impacted with long-COVID, presenting significant challenges in maintaining the CIC's operational capacity. This health crisis has strained our ability to effectively manage and oversee the CIC’s activities. Consequently, after careful consideration, the decision has been made to close the CIC and proceed with a strike-off. While no financial transactions took place, we believe the value of the positive influence on the academic and research landscape far outweighs the lack of financial outputs. In conclusion, despite the absence of financial transactions, Open Academic Research UK CIC has achieved its mission to empower students and researchers from the Global South and Europe. The high-quality research produced by our participants serves as a testament to the impact of our pro-bono activities. We are proud of the legacy left behind in the form of knowledge, skills, and collaborative partnerships, even as we face the decision to close the CIC. This report reflects our dedication to fostering talent and innovation during challenging circumstances. We extend our gratitude to all stakeholders for their involvement and support throughout this journey. This report is presented by the Board of Directors of Open Academic Research UK CIC.



Directors

The directors shown below have held office during the whole of the period from
1 March 2024 to 28 February 2025

Siddharth Ghosh
 Moumita Ghosh

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 November 2025

And signed on behalf of the board by:
Name: Siddharth Ghosh
Status: Director

OPEN ACADEMIC RESEARCH UK CIC

Profit And Loss Account

for the Period Ended 28 February 2025

2025 2024


£
£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 0 0
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 0 0
Tax: 0 0
Profit(or loss) for the financial year: 0 0

OPEN ACADEMIC RESEARCH UK CIC

Balance sheet

As at 28 February 2025

Notes 2025 2024


£
£
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: 0 0
Investments:   0 0
Total current assets: 0 0
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 0 0
Total assets less current liabilities: 0 0
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): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

OPEN ACADEMIC RESEARCH UK CIC

Balance sheet statements

For the year ending 28 February 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 30 November 2025
and signed on behalf of the board by:

Name: Siddharth Ghosh
Status: Director

The notes form part of these financial statements

OPEN ACADEMIC RESEARCH UK CIC

Notes to the Financial Statements

for the Period Ended 28 February 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

OPEN ACADEMIC RESEARCH UK CIC

Notes to the Financial Statements

for the Period Ended 28 February 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

OPEN ACADEMIC RESEARCH UK CIC

Company Number: 12490420 (England and Wales)

Year Ending: 28 February 2025

Company activities and impact

The company could not run its operation as expected due to the director, Dr Siddharth Ghosh, has remained ill since COVID. Director Dr Moumita Ghosh is also impacted by long-COVID. They could not operate the CIC as originally planned. Also, they could not return to the UK since COVID due to their mobility issues. Thus, they have decided to close/strike-off the company. The company has remained dormant without any financial transactions. Despite this situation, the directors have impacted the creative thinkers in India by training them with advanced academic research specifically in the field of nanotechnology and quantum technology. This has positively impacted a few students lives in India. They have published scientific papers in specific fields are published. These fields are nanotechnology, creativity, and education. Some students are now well positioned to be future leaders in their respective fields. These activities were executed as pro-bono activities or without financial transactions. Multiple policy level research discussions were taken place with the leaders in the field to improve the situation in education, innovation, and research in the global south and global north. These activities were performed without financial transactions.

Consultation with stakeholders

The company’s stakeholders are creative thinkers and researchers from under-privileged communities in the global south. The directors of the company have spent time predominantly in India for a number of years and developed various strategies for sustainable development of human capital resources, which includes training them to understand the greater good and follow their curiosity. All feedbacks suggested us to focus primarily in India's grassroots. Following this suggestion, we think operating this CIC from the UK is not practically feasible at present due to no major financial transactions/income has been generated since the incorporation of the company has taken place.

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 November 2025

And signed on behalf of the board by:
Name: Siddharth Ghosh
Status: Director