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# POWER 2 CREATIVITY CIC

## Company Registration Number:
11255148 (England and Wales)

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

## Period of accounts

## Start date: 1 April 2024

## End date: 31 March 2025

# POWER 2 CREATIVITY CIC

## Contents of the Financial Statements

for the Period Ended 31 March 2025

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

# POWER 2 CREATIVITY 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

The company's principal activity during the year continued to be Performing arts, Support activities to performing arts, Operation of arts facilities.

Directors

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

Tiago VARELA

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
31 March 2026

And signed on behalf of the board by:
Name: Tiago VARELA
Status: Director

# POWER 2 CREATIVITY CIC

## Profit And Loss Account

for the Period Ended 31 March 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 0 | 0
Gross profit(or loss): | 0 | 0
Administrative expenses: | ( 503 ) | ( 13,079 )
Operating profit(or loss): | (503) | (13,079)
Profit(or loss) before tax: | (503) | (13,079)
Profit(or loss) for the financial year: | (503) | (13,079)

# POWER 2 CREATIVITY CIC

## Balance sheet

As at 31 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 1,742 | 2,125
Investments: | 4 | 22,248 | 22,248
Total fixed assets: |  | 23,990 | 24,373
Creditors: amounts falling due within one year: | 5 | ( 9,147 ) | ( 9,027 )
Net current assets (liabilities): |  | (9,147) | (9,027)
Total assets less current liabilities: |  | 14,843 | 15,346
Creditors: amounts falling due after more than one year: | 6 | ( 50,000 ) | ( 50,000 )
Total net assets (liabilities): |  | (35,157) | (34,654)
Capital and reserves
Called up share capital: |  | 100 | 100
Profit and loss account: |  | (35,257 ) | (34,754 )
Total Shareholders' funds: |  | ( 35,157 ) | (34,654)

The notes form part of these financial statements

# POWER 2 CREATIVITY 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.

This report was approved by the board of directors on 31 March 2026
and signed on behalf of the board by:

Name: Tiago VARELA
Status: Director

The notes form part of these financial statements

# POWER 2 CREATIVITY 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 Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

  Other accounting policies

  Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 April 2024 |  | 7,096 |  |  |  | 7,096
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 March 2025 |  | 7,096 |  |  |  | 7,096
Depreciation |  |  |  |  |  |
At 1 April 2024 |  | 4,971 |  |  |  | 4,971
Charge for year |  | 383 |  |  |  | 383
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 March 2025 |  | 5,354 |  |  |  | 5,354
Net book value |  |  |  |  |  |
At 31 March 2025 |  | 1,742 |  |  |  | 1,742
At 31 March 2024 |  | 2,125 |  |  |  | 2,125

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Fixed assets investments note

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

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

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts |  | 136
Other creditors | 9,147 | 8,891
Total | 9,147 | 9,027

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 6. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 50,000 | 50,000
Total | 50,000 | 50,000

# COMMUNITY INTEREST ANNUAL REPORT

### POWER 2 CREATIVITY CIC

### Company Number: 11255148 (England and Wales)

### Year Ending: 31 March 2025

Company activities and impact

POWER 2 CREATIVITY CIC created purpose-built music, media, and dance studios. Through our established infrastructure we have been facilitating the development of creatives within the music, media and dance industries. We have encouraged at risk young people and young adults to explore their passion within theses 3 areas by helping them with their confidence and career opportunities surrounding them.

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
31 March 2026

And signed on behalf of the board by:
Name: Tiago Varela
Status: Director