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# POWER 2 CREATIVITY CIC

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

## Unaudited statutory accounts for the year ended 31 March 2026

## Period of accounts

## Start date: 1 April 2025

## End date: 31 March 2026

# POWER 2 CREATIVITY CIC

## Contents of the Financial Statements

for the Period Ended 31 March 2026

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 2026

The directors present their report with the financial statements of the company for the period ended 31 March 2026

Principal activities of the company

Thecompany'sprincipalactivityduringtheyearcontinuedtobePerformingarts,Supportactivitiesto performing arts, Operation of arts facilities.

Directors

The director shown below has held office during the whole of the period from
1 April 2025 to 31 March 2026

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
8 May 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 2026

| 2026 | 2025
--- | --- | ---
| £ | £
Administrative expenses: | ( 434 ) | ( 503 )
Operating profit(or loss): | (434) | (503)
Profit(or loss) before tax: | (434) | (503)
Profit(or loss) for the financial year: | (434) | (503)

# POWER 2 CREATIVITY CIC

## Balance sheet

As at 31 March 2026

| Notes | 2026 | 2025
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 1,428 | 1,742
Investments: | 4 | 22,248 | 22,248
Total fixed assets: |  | 23,676 | 23,990
Creditors: amounts falling due within one year: | 5 | ( 9,267 ) | ( 9,147 )
Net current assets (liabilities): |  | (9,267) | (9,147)
Total assets less current liabilities: |  | 14,409 | 14,843
Creditors: amounts falling due after more than one year: | 6 | ( 50,000 ) | ( 50,000 )
Total net assets (liabilities): |  | (35,591) | (35,157)
Capital and reserves
Called up share capital: |  | 100 | 100
Profit and loss account: |  | (35,691 ) | (35,257 )
Total Shareholders' funds: |  | ( 35,591 ) | (35,157)

The notes form part of these financial statements

# POWER 2 CREATIVITY CIC

## Balance sheet statements

For the year ending 31 March 2026 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 5 June 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 2026

- ## 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

  Turnoverismeasuredatthefairvalueoftheconsiderationreceivedorreceivable,netofdiscountsandvalueaddedtaxes.Turnoverincludesrevenueearnedfromthesaleofgoodsandfromtherenderingofservices.Turnoverfromthesaleofgoodsisrecognisedwhenthesignificantrisksandrewardsofownershipofthegoodshavetransferredtothebuyer.Turnoverfromtherenderingofservicesisrecognisedbyreferencetothestageofcompletionofthecontract.Thestageofcompletionofacontractismeasuredbycomparingthecostsincurredforwork performed to date to the total estimated contract costs.

  Other accounting policies

  Creditors Shorttermcreditorsaremeasuredattransactionprice(whichisusuallytheinvoiceprice).Loansandotherfinancialliabilitiesareinitiallyrecognisedattransactionpricenetofanytransactioncostsandsubsequentlymeasuredatamortisedcostdeterminedusingtheeffectiveinterestmethod.

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2026

- ## 2. Employees

  | 2026 | 2025
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 April 2025 |  | 7,096 |  |  |  | 7,096
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 March 2026 |  | 7,096 |  |  |  | 7,096
Depreciation |  |  |  |  |  |
At 1 April 2025 |  | 5,354 |  |  |  | 5,354
Charge for year |  | 314 |  |  |  | 314
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 March 2026 |  | 5,668 |  |  |  | 5,668
Net book value |  |  |  |  |  |
At 31 March 2026 |  | 1,428 |  |  |  | 1,428
At 31 March 2025 |  | 1,742 |  |  |  | 1,742

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 4. Fixed assets investments note

Tangiblefixedassetsaremeasuredatcostlessaccumulativedepreciationandanyaccumulativeimpairmentlosses.Depreciationisprovidedonalltangiblefixedassets,otherthanfreeholdland,atratescalculatedtowriteoffthecost,lessestimatedresidualvalue,ofeachassetevenlyoverits expected useful life, as follows:

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2026

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

| 2026 | 2025
--- | --- | ---
| £ | £
Other creditors | 9,267 | 9,147
Total | 9,267 | 9,147

# POWER 2 CREATIVITY CIC

## Notes to the Financial Statements

for the Period Ended 31 March 2026

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

| 2026 | 2025
--- | --- | ---
| £ | £
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 2026

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
8 May 2026

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