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# LARGO ARTS CIC

## Company limited by guarantee

## Company Registration Number:
SC677531 (Scotland)

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

## Period of accounts

## Start date: 1 November 2024

## End date: 31 October 2025

# LARGO ARTS CIC

## Contents of the Financial Statements

for the Period Ended 31 October 2025

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

# LARGO ARTS CIC

## Profit And Loss Account

for the Period Ended 31 October 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 12,032 | 19,153
Gross profit(or loss): | 12,032 | 19,153
Administrative expenses: | ( 13,174 ) | ( 14,888 )
Operating profit(or loss): | (1,142) | 4,265
Profit(or loss) before tax: | (1,142) | 4,265
Tax: |  | ( 810 )
Profit(or loss) for the financial year: | (1,142) | 3,455

# LARGO ARTS CIC

## Balance sheet

As at 31 October 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Current assets
Cash at bank and in hand: |  | 4,878 | 6,838
Total current assets: |  | 4,878 | 6,838
Creditors: amounts falling due within one year: | 3 | ( 1 ) | ( 811 )
Net current assets (liabilities): |  | 4,877 | 6,027
Total assets less current liabilities: |  | 4,877 | 6,027
Accruals and deferred income: |  | ( 586 ) | ( 595 )
Total net assets (liabilities): |  | 4,291 | 5,432
Members' funds
Profit and loss account: |  | 4,291 | 5,432
Total members' funds: |  | 4,291 | 5,432

The notes form part of these financial statements

# LARGO ARTS 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 7 July 2026
and signed on behalf of the board by:

Name: Mr. Douglas McMillan
Status: Director

The notes form part of these financial statements

# LARGO ARTS 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

# LARGO ARTS CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 2 | 2

# LARGO ARTS CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

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

| 2025 | 2024
--- | --- | ---
| £ | £
Taxation and social security |  | 811
Other creditors | 1 |
Total | 1 | 811

# COMMUNITY INTEREST ANNUAL REPORT

### LARGO ARTS CIC

### Company Number: SC677531 (Scotland)

### Year Ending: 31 October 2025

Company activities and impact

Largo Arts CIC aims to benefit Lower Largo and the surrounding communities by providing an organisation to promote wellbeing and inclusion through the nurture, support and provision of artistic activities. We aim to support, assist and initiate Art, Music & Performance projects across the community area. Inclusion, for all, is a key criteria for any project. Working with, and supporting other community groups provides a cohesive platform for mutual collaboration and support across all local networks. Largo Arts CIC has raised and provided funding support for a number of commissioned artworks from local artists which are placed across the community for public consumption. We provide support, promote and raise public awareness for other local groups to enhance engagement and opportunity for all (most notably through the ‘Largo Arts Week’ event).

Consultation with stakeholders

Largo Arts CIC’s stakeholders are residents, artists, and businesses of and around the village of Lower Largo in Fife. We support and work with these stakeholders to provide activities and events to widen local interest and engagement & to bring the community together. Having established the annual Largo Arts Week in 2019, the event now has a solid reputation and brand which reaches far wider than the local community, attracting visitors from across Scotland and beyond to the event. This provides a substantial financial and reputational boost to the local economy and the brand has now firmly elevated the villages of Largo as an artistic destination. Largo Arts CIC continues to build on this identity working with national agencies to support funding, public relations and reputation. Largo Arts CIC’s community involvement extends to Levenmouth, recognising the possibilities the proposed new rail link to Leven offers for the promotion of the arts along the Fife Coast. The operational model for Largo Arts Week evolved in 2022 to provide greater ownership for the community and local businesses. Previously Largo Arts focused upon establishing the brand with the aim of various vendors within the community taking responsibility for their involvement, whilst Largo Arts maintained an overarching management and promotional role. The funding model primarily relies upon contributions from the vendors and sponsorship income and was also secured via the Open Studios subscription.

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
7 July 2026

And signed on behalf of the board by:
Name: Mr. Douglas McMillan
Status: Director