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# 125 ORMSIDE CIC

## Company limited by guarantee

## Company Registration Number:
15573219 (England and Wales)

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

## Period of accounts

## Start date: 18 March 2024

## End date: 31 March 2025

# 125 ORMSIDE CIC

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report |
Balance sheet |
Additional notes |
Community Interest Report |

# 125 ORMSIDE CIC

Directors' report period ended 31 March 2025

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

Principal activities of the company

Principal Activities The principal activity of the company during the year was the provision of affordable studio spaces for artists. The company operates on a not-for-profit basis, setting rents only to cover essential running costs and to support the continuation of the studios. No major building or refurbishment work was undertaken during the year. Rents paid by artists are paid directly to the landlord, and the company does not profit from artists’ rent. Its activities are directed toward supporting artists, sustaining local creative communities, and enabling artistic work to remain accessible within the city.

Directors

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

Bosco Taylor

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
20 January 2026

And signed on behalf of the board by:
Name: Bosco Taylor
Status: Director

# 125 ORMSIDE CIC

## Balance sheet

As at 31 March 2025

| Notes | 2025
--- | --- | ---
|  | £
Fixed assets
Intangible assets: |  | 0 |
Tangible assets: |  | 0 |
Investments: |  | 0 |
Total fixed assets: |  | 0
Current assets
Stocks: |  | 0 |
Debtors: |  | 0 |
Cash at bank and in hand: |  | 0 |
Investments: |  | 0 |
Total current assets: |  | 0
Prepayments and accrued income: |  | 0 |
Creditors: amounts falling due within one year: |  | 0 |
Net current assets (liabilities): |  | 0
Total assets less current liabilities: |  | 0
Creditors: amounts falling due after more than one year: |  | 0 |
Provision for liabilities: |  | 0 |
Accruals and deferred income: |  | 0 |
Total net assets (liabilities): |  | 0
Members' funds
Profit and loss account: |  | 0 |
Total members' funds: |  | 0

The notes form part of these financial statements

# 125 ORMSIDE CIC

## Balance sheet statements

For the year ending 31 March 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.

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 20 January 2026
and signed on behalf of the board by:

Name: Bosco Taylor
Status: Director

The notes form part of these financial statements

# 125 ORMSIDE CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

# 125 ORMSIDE CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025
  --- | ---
  Average number of employees during the period | 0 |

# COMMUNITY INTEREST ANNUAL REPORT

### 125 ORMSIDE CIC

### Company Number: 15573219 (England and Wales)

### Year Ending: 31 March 2025

Company activities and impact

During the previous financial year, the CIC provided affordable studio spaces for artists. The studios are offered at low cost, with no profiteering by any company or individual from artists’ rent. Rents are set only to support the running of the spaces. Artists are increasingly priced out of cities, which weakens artistic communities and reduces cultural activity. By providing low-cost studio space, the CIC helps artists remain in the city, continue their creative work, and contribute to the wider community through ongoing artistic projects.

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
20 January 2026

And signed on behalf of the board by:
Name: Bosco Taylor
Status: Director