FLEETING ARTS C.I.C.

Company limited by guarantee

Company Registration Number:
15505591 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2025

Period of accounts

Start date: 20 February 2024

End date: 30 June 2025

FLEETING ARTS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2025

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FLEETING ARTS C.I.C.

Balance sheet

As at 30 June 2025

Notes 16 months to 30 June 2025


£
Fixed assets
Tangible assets: 3 7,019
Total fixed assets: 7,019
Current assets
Cash at bank and in hand: 169
Total current assets: 169
Creditors: amounts falling due within one year: 4 ( 27,485 )
Net current assets (liabilities): (27,316)
Total assets less current liabilities: (20,297)
Total net assets (liabilities): (20,297)
Members' funds
Profit and loss account: (20,297)
Total members' funds: ( 20,297)

The notes form part of these financial statements

FLEETING ARTS C.I.C.

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 12 February 2026
and signed on behalf of the board by:

Name: S J Howarth-Leach
Status: Director

The notes form part of these financial statements

FLEETING ARTS C.I.C.

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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery: 25% Reducing balance

    Other accounting policies

    Government grants Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Pension costs The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

FLEETING ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2025

  • 2. Employees

    16 months to 30 June 2025
    Average number of employees during the period 3

FLEETING ARTS C.I.C.

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 £ £ £ £ £ £
Additions 9,358 9,358
Disposals
Revaluations
Transfers
At 30 June 2025 9,358 9,358
Depreciation
Charge for year 2,339 2,339
On disposals
Other adjustments
At 30 June 2025 2,339 2,339
Net book value
At 30 June 2025 7,019 7,019

FLEETING ARTS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2025

4. Creditors: amounts falling due within one year note

16 months to 30 June 2025
£
Trade creditors 267
Accruals and deferred income 4,000
Other creditors 23,218
Total 27,485

COMMUNITY INTEREST ANNUAL REPORT

FLEETING ARTS C.I.C.

Company Number: 15505591 (England and Wales)

Year Ending: 30 June 2025

Company activities and impact

Fleeting Arts C.I.C. operates FLEET Studios, the only creative studio and gallery of its kind in the City of London. Based at Fleet House, 8-12 New Bridge Street, we transformed a vacant commercial building into an accessible, affordable hub for early-stage artists and creative individuals during a meanwhile-use period agreed with the building’s owner, Atenor, and the Fleet Street Quarter. The ground floor gallery is publicly accessible with ramp access and hosts a programme of free and ticketed exhibitions and events. The first floor provides private studio spaces and booths available to members at subsidised rates, enabling artists working across textiles, painting, sculpture, furniture design and other disciplines to practise in the heart of the city. The building’s location in the Fleet Street Quarter – long associated with literary and journalistic history – lends particular resonance to a project focused on creative production and community. During the financial year ending 30 June 2025, FLEET Studios delivered a broad programme of activities that benefited both individual creatives and the wider community. Key highlights from the period of operation to date include: 57 artists exhibited in our gallery; more than 450 visitors attended exhibitions and events; one London Living Wage full-time job was created; more than £25,000 was invested in creative facilities and equipment; and six artists used the space weekly, including three permanent studio holders. Events ranged from solo exhibitions attracting patrons associated with institutions including the Tate and Serpentine galleries, to a fashion show involving more than 30 young people, to the inaugural FLEET Art Fair, which engaged 27 artists across four days. The community benefit of FLEET Studios lies in addressing a clear and documented gap: the near-total absence of affordable creative studio provision in the City of London. By reinvesting revenue from studio rentals, events and partnerships back into the facilities, the company ensures that those who most need access to creative space are able to benefit from it. FLEET is designed as a proof-of-concept social enterprise, with the intention that the model can be replicated in future meanwhile-use and permanent sites, extending its community impact beyond Fleet House.

Consultation with stakeholders

Our key stakeholders include: members of the local art community and the property owner (Atenor) and the Fleet Street Quarter. Where possible, decisions are made across the venue collectively to develop and maximise both their commercial performance and social impact. No formal stakeholder consultation was held.

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
12 February 2026

And signed on behalf of the board by:
Name: S J Howarth-Leach
Status: Director