OLD CHAPEL MUSIC CIC

Company Registration Number:
06403367 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2025

Period of accounts

Start date: 1 November 2024

End date: 31 October 2025

OLD CHAPEL MUSIC CIC

Contents of the Financial Statements

for the Period Ended 31 October 2025

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

OLD CHAPEL MUSIC CIC

Directors' report period ended 31 October 2025

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

Directors

The directors shown below have held office during the whole of the period from
1 November 2024 to 31 October 2025

Joseph Webster Kent
Steven John Leach


The director shown below has held office during the period of
15 April 2025 to 31 October 2025

Michael Francis McManus


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
24 April 2026

And signed on behalf of the board by:
Name: Michael Francis McManus
Status: Director

OLD CHAPEL MUSIC CIC

Profit And Loss Account

for the Period Ended 31 October 2025

2025 2024


£

£
Turnover: 158,670 135,194
Cost of sales: ( 76,193 ) ( 41,821 )
Gross profit(or loss): 82,477 93,373
Distribution costs: 0 0
Administrative expenses: ( 84,266 ) ( 100,975 )
Other operating income: 0
Operating profit(or loss): (1,789) (7,602)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (1,789) (7,602)
Tax: 0 451
Profit(or loss) for the financial year: (1,789) (7,151)

OLD CHAPEL MUSIC CIC

Balance sheet

As at 31 October 2025

Notes 2025 2024


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 3 2,072 507
Debtors: 4 2,086 11,458
Cash at bank and in hand: 20,126 33,076
Investments:   0 0
Total current assets: 24,284 45,041
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 9,624 ) ( 28,592 )
Net current assets (liabilities): 14,660 16,449
Total assets less current liabilities: 14,660 16,449
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 14,660 16,449
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 14,659 16,448
Total Shareholders' funds: 14,660 16,449

The notes form part of these financial statements

OLD CHAPEL MUSIC CIC

Balance sheet statements

For the year ending 31 October 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 24 April 2026
and signed on behalf of the board by:

Name: Michael Francis McManus
Status: Director

The notes form part of these financial statements

OLD CHAPEL MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 October 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 represents the total invoice value of sales made during the year.

OLD CHAPEL MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 October 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 1 4

OLD CHAPEL MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 October 2025

3. Stocks

2025 2024
£ £
Stocks 2,072 507
Payments on account 0 0
Total 2,072 507

OLD CHAPEL MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 October 2025

4. Debtors

2025 2024
£ £
Trade debtors 1,937 11,184
Prepayments and accrued income 0 0
Other debtors 149 274
Total 2,086 11,458
Debtors due after more than one year: 0 0

OLD CHAPEL MUSIC CIC

Notes to the Financial Statements

for the Period Ended 31 October 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 4,229 1,218
Taxation and social security 304 474
Accruals and deferred income 0 0
Other creditors 5,091 26,900
Total 9,624 28,592

COMMUNITY INTEREST ANNUAL REPORT

OLD CHAPEL MUSIC CIC

Company Number: 06403367 (England and Wales)

Year Ending: 31 October 2025

Company activities and impact

This year has been one of positive change and development for Old Chapel Music CIC. While continuing to provide affordable, high-quality rehearsal and recording facilities for musicians across Leeds, we have strengthened our focus on becoming a true community music hub, supporting people at every stage of their musical journey. Based in Holbeck, we remain committed to ensuring that music is accessible to everyone, regardless of background or circumstance. Throughout the year we have continued to balance our commercial rehearsal business with our social mission, reinvesting income into programmes that support wellbeing, creativity and opportunities for local musicians. Our community work has continued to grow. We successfully delivered three music groups supporting adults facing barriers to participation, including people experiencing poor mental health, social isolation and other challenges. These sessions have provided safe, welcoming environments where participants have developed confidence, built friendships and improved their wellbeing through making music together. Alongside our funded programmes, we have continued to nurture Leeds' grassroots music scene by hosting a programme of open mic nights, writers' rounds and informal jam sessions. These events have created valuable performance opportunities for emerging artists, encouraged collaboration between musicians and strengthened the sense of community that has always been at the heart of Old Chapel. Supporting young and emerging musicians has been a particular priority this year. We were proud to work in partnership with Kirklees College to host the Brand Your Band programme, providing rehearsal facilities and an inspiring environment for developing artists to gain practical industry experience alongside mentoring and business support. We also welcomed music students from Leeds City College, giving them opportunities to record, rehearse and experience working within a professional music environment. In addition, we partnered with ICMP to host their songwriting boot camp, introducing prospective students to collaborative songwriting and professional studio facilities. These partnerships have strengthened our relationships with education providers and helped create clearer pathways into the music industry for young people across the region. Old Chapel has continued to attract a diverse range of musicians, from first-time performers to established touring artists. As one of Leeds' longest-standing rehearsal spaces, we remain proud of our reputation for providing an affordable, inclusive and supportive environment where creativity can flourish. Every rehearsal booking helps sustain our community programmes, allowing our commercial activity and social impact to work hand in hand. The organisation has continued to operate in a challenging financial environment, with increasing operating costs affecting the wider charitable and cultural sector. Despite these pressures, we have remained resilient by carefully managing resources, strengthening partnerships and continuing to diversify our activities. Throughout the year our focus has remained firmly on ensuring the long-term sustainability of the organisation while maintaining the quality of our services and protecting our community offer. Looking ahead, we aim to continue expanding our community programmes, deepen our partnerships with education providers and support even more musicians across Leeds. By combining high-quality rehearsal facilities with meaningful community engagement, Old Chapel Music CIC remains committed to making music accessible, supporting wellbeing and helping the next generation of artists develop and thrive.

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
24 April 2026

And signed on behalf of the board by:
Name: Michael McManus
Status: Director