Companies House 08565279 2025-06-30 2025-06-30 2024-07-01 false iso4217:GBP xbrli:pure 08565279 2023-07-01 2024-06-30 08565279 2025-06-30 08565279 2024-07-01 2025-06-30 08565279 2024-06-30 08565279 curr:PoundSterling 2024-07-01 2025-06-30 08565279 uk-bus:CompanyLimitedByGuarantee 2024-07-01 2025-06-30 08565279 uk-bus:FRS102 2024-07-01 2025-06-30 08565279 uk-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 08565279 uk-bus:FullAccounts 2024-07-01 2025-06-30 08565279 uk-bus:RegisteredOffice 2024-07-01 2025-06-30 08565279 uk-bus:Director1 2024-07-01 2025-06-30 08565279 uk-bus:Director2 2024-07-01 2025-06-30 08565279 uk-bus:Director3 2024-07-01 2025-06-30 08565279 uk-bus:Director4 2024-07-01 2025-06-30 08565279 uk-bus:Director5 2024-07-01 2025-06-30 08565279 uk-bus:Director6 2024-07-01 2025-06-30 08565279 uk-bus:Director7 2024-07-01 2025-06-30 08565279 uk-bus:Director8 2024-07-01 2025-06-30 08565279 uk-bus:Director9 2024-07-01 2025-06-30 08565279 uk-bus:Director10 2024-07-01 2025-06-30 08565279 uk-bus:Director11 2024-07-01 2025-06-30 08565279 uk-bus:Director12 2024-07-01 2025-06-30 08565279 uk-bus:Director13 2024-07-01 2025-06-30 08565279 uk-bus:Director14 2024-07-01 2025-06-30 08565279 uk-bus:Director15 2024-07-01 2025-06-30 08565279 uk-bus:Director16 2024-07-01 2025-06-30 08565279 uk-bus:Director17 2024-07-01 2025-06-30 08565279 uk-bus:Director18 2024-07-01 2025-06-30 08565279 uk-bus:Director19 2024-07-01 2025-06-30 08565279 uk-bus:Director20 2024-07-01 2025-06-30 08565279 uk-bus:Director21 2024-07-01 2025-06-30 08565279 uk-bus:CompanySecretary1 2024-07-01 2025-06-30 08565279 core:AfterOneYear 2025-06-30 08565279 core:AfterOneYear 2024-06-30 08565279 core:WithinOneYear 2025-06-30 08565279 core:WithinOneYear 2024-06-30 08565279 core:WithinOneYear 2024-07-01 2025-06-30 08565279 core:AfterOneYear 2025-06-30 08565279 core:AfterOneYear 2024-06-30 08565279 core:AfterOneYear 2024-07-01 2025-06-30 08565279 core:ShareCapital 2025-06-30 08565279 core:ShareCapital 2024-06-30 08565279 core:SharePremium 2025-06-30 08565279 core:SharePremium 2024-06-30 08565279 core:OtherReservesSubtotal 2025-06-30 08565279 core:OtherReservesSubtotal 2024-06-30 08565279 core:RevaluationReserve 2025-06-30 08565279 core:RevaluationReserve 2024-06-30 08565279 core:RetainedEarningsAccumulatedLosses 2025-06-30 08565279 core:RetainedEarningsAccumulatedLosses 2024-06-30 08565279 1 2024-07-01 2025-06-30 08565279 2 2024-07-01 2025-06-30 08565279 3 2024-07-01 2025-06-30 08565279 core:LandBuildings 2024-07-01 2025-06-30 08565279 core:LandBuildings 2025-06-30 08565279 core:LandBuildings 2023-07-01 2024-06-30 08565279 core:LandBuildings 2024-06-30 08565279 core:PlantMachinery 2024-07-01 2025-06-30 08565279 core:PlantMachinery 2025-06-30 08565279 core:PlantMachinery 2023-07-01 2024-06-30 08565279 core:PlantMachinery 2024-06-30 08565279 core:FurnitureFittingsToolsEquipment 2024-07-01 2025-06-30 08565279 core:FurnitureFittingsToolsEquipment 2025-06-30 08565279 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 08565279 core:FurnitureFittingsToolsEquipment 2024-06-30 08565279 core:OfficeEquipment 2024-07-01 2025-06-30 08565279 core:OfficeEquipment 2025-06-30 08565279 core:OfficeEquipment 2023-07-01 2024-06-30 08565279 core:OfficeEquipment 2024-06-30 08565279 core:Vehicles 2024-07-01 2025-06-30 08565279 core:Vehicles 2025-06-30 08565279 core:Vehicles 2023-07-01 2024-06-30 08565279 core:Vehicles 2024-06-30 08565279 core:NetGoodwill 2024-07-01 2025-06-30 08565279 core:NetGoodwill 2025-06-30 08565279 core:NetGoodwill 2023-07-01 2024-06-30 08565279 core:NetGoodwill 2024-06-30 08565279 core:IntangibleAssetsOtherThanGoodwill 2024-07-01 2025-06-30 08565279 core:IntangibleAssetsOtherThanGoodwill 2025-06-30 08565279 core:IntangibleAssetsOtherThanGoodwill 2023-07-01 2024-06-30 08565279 core:IntangibleAssetsOtherThanGoodwill 2024-06-30

# RESORT MARGATE CIC

## Company limited by guarantee

## Company Registration Number:
08565279 (England and Wales)

## Unaudited statutory accounts for the year ended 30 June 2025

## Period of accounts

## Start date: 1 July 2024

## End date: 30 June 2025

# RESORT MARGATE CIC

## Contents of the Financial Statements

for the Period Ended 30 June 2025

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

# RESORT MARGATE CIC

## Balance sheet

As at 30 June 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 1,479 | 35,265
Investments: |  | 0 | 0
Total fixed assets: |  | 1,479 | 35,265
Current assets
Stocks: | 4 | 150 | 150
Debtors: | 5 | 1,292 | 1,252
Cash at bank and in hand: |  | 25,225 | 12,175
Investments: |  | 0 | 0
Total current assets: |  | 26,667 | 13,577
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 6 | ( 19,061 ) | ( 5,594 )
Net current assets (liabilities): |  | 7,606 | 7,983
Total assets less current liabilities: |  | 9,085 | 43,248
Creditors: amounts falling due after more than one year: |  | 0 | 0
Provision for liabilities: |  | ( 281 ) | ( 371 )
Accruals and deferred income: |  | 0 | 0
Total net assets (liabilities): |  | 8,804 | 42,877
Members' funds
Profit and loss account: |  | 8,804 | 42,877
Total members' funds: |  | 8,804 | 42,877

The notes form part of these financial statements

# RESORT MARGATE CIC

## Balance sheet statements

For the year ending 30 June 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 3 March 2026
and signed on behalf of the board by:

Name: Alia Hamza
Status: Director

The notes form part of these financial statements

# RESORT MARGATE CIC

## Notes to the Financial Statements

for the Period Ended 30 June 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

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehold improvements 50 year straight line Equipment 25% reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

  Other accounting policies

  Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

# RESORT MARGATE CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 5 | 5

# RESORT MARGATE CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 July 2024 | 33,313 | 7,820 |  |  |  | 41,133
Additions |  |  |  |  |  |
Disposals | ( 33,313 ) |  |  |  |  | ( 33,313 )
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 June 2025 | 0 | 7,820 |  |  |  | 7,820
Depreciation |  |  |  |  |  |
At 1 July 2024 |  | 5,868 |  |  |  | 5,868
Charge for year |  | 473 |  |  |  | 473
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 30 June 2025 |  | 6,341 |  |  |  | 6,341
Net book value |  |  |  |  |  |
At 30 June 2025 | 0 | 1,479 |  |  |  | 1,479
At 30 June 2024 | 33,313 | 1,952 |  |  |  | 35,265

# RESORT MARGATE CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 4. Stocks

| 2025 | 2024
--- | --- | ---
| £ | £
Stocks | 150 | 150
Total | 150 | 150

# RESORT MARGATE CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 5. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 780 | 740
Prepayments and accrued income | 0 | 0
Other debtors | 512 | 512
Total | 1,292 | 1,252

# RESORT MARGATE CIC

## Notes to the Financial Statements

for the Period Ended 30 June 2025

## 6. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Trade creditors | 1,087 | 115
Accruals and deferred income | 14,973 | 2,179
Other creditors | 3,001 | 3,300
Total | 19,061 | 5,594

# COMMUNITY INTEREST ANNUAL REPORT

### RESORT MARGATE CIC

### Company Number: 08565279 (England and Wales)

### Year Ending: 30 June 2025

Company activities and impact

The CIC has continued to run a creative Studio in Margate Offering provision of studio accommodation, services and facilities, income generation for 40 artists and designers.

Consultation with stakeholders

The Company’s stakeholders are studio members (artists and designers in the local and wider community) and residents of and visitors to Margate and the surrounding area. The directors of the company have lived in the area for a number of years and developed the business model for artists provision based on their own desire and that of other creative’s to provide the following: To represent the interests of the members of the group. To provide bookable specialist facilities for a number of creative processes To encourage and support creative progress and growth for all Resort members though talks, workshops and group critiques. To provide opportunities for the promotion, showing and sale of members’ work through exhibitions, open studios and other events. To invite professional, ambitious practitioners from a range of creative fields to work at resort. The CIC functions as a part of and in conjunction with the aims and objectives of Resort members. The CIC continues to hold annual general meetings with its members. The Board of Directors and company secretary shall meet at least three times a year and in general meet monthly. All members shall be given at least fourteen days’ notice of when a meeting is due to take place, by the Secretary, unless it is deemed as an emergency. At least three directors must be present in order for a meeting to take place. It shall be the responsibility of the Company Secretary to chair all meetings or a designated deputy in his/her absence. All meetings must be minuted and accessible to interested parties. All minutes will be circulated to all members within 7 days, by the secretary or their representative. The AGM shall take place no later than three months after the end of the financial year. At least fourteen days’ notice must be given before the meeting takes place. Half of the members must be present in order for the AGM to take place. Where a vote is necessary all members are entitled to vote at the AGM. Voting shall be made by a show of hands on a majority basis. In the case of a tied vote, the Chairperson or an appointed deputy shall make the final decision. A Special General Meeting (SGM) can be called at the discretion of the Board of Directors or in the case of the Board of Directors not meeting the requirements of the Constitution. Application for an SGM will be made in writing to the Sectary and at least 28 days notice will be given. In addition to our statutory requirements which have been fulfilled, we have continued to gather feedback on a number of aspects of our work, most noticeable the South East Creatives business support programme, through which we have supported numerous freelancers and SMEs; also through our work in the local area supporting the development of wider community projects.

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
3 March 2026

And signed on behalf of the board by:
Name: Alia Hamza
Status: Director