RESOLVE STUDIOS CIC

Company Registration Number:
11571213 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2025

Period of accounts

Start date: 1 October 2024

End date: 30 September 2025

RESOLVE STUDIOS CIC

Contents of the Financial Statements

for the Period Ended 30 September 2025

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

RESOLVE STUDIOS CIC

Profit And Loss Account

for the Period Ended 30 September 2025

2025 2024


£

£
Turnover: 277,303 89,483
Cost of sales: ( 16,043 ) ( 4,847 )
Gross profit(or loss): 261,260 84,636
Administrative expenses: ( 207,568 ) ( 114,788 )
Operating profit(or loss): 53,692 (30,152)
Profit(or loss) before tax: 53,692 (30,152)
Tax: ( 2,611 )
Profit(or loss) for the financial year: 51,081 (30,152)

RESOLVE STUDIOS CIC

Balance sheet

As at 30 September 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 13,995 440
Total fixed assets: 13,995 440
Current assets
Debtors: 4 5,413 2,000
Cash at bank and in hand: 79,154 10,661
Total current assets: 84,567 12,661
Prepayments and accrued income: 536
Creditors: amounts falling due within one year: 5 ( 73,491 ) ( 42,258 )
Net current assets (liabilities): 11,076 (29,061)
Total assets less current liabilities: 25,071 ( 28,621)
Total net assets (liabilities): 25,071 (28,621)
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 25,068 (28,624 )
Total Shareholders' funds: 25,071 (28,621)

The notes form part of these financial statements

RESOLVE STUDIOS CIC

Balance sheet statements

For the year ending 30 September 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 July 2026
and signed on behalf of the board by:

Name: Seth Scafe Smith
Status: Director

The notes form part of these financial statements

RESOLVE STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 30 September 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 recognized to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. It is measured at the fair value of the consideration received or receivable, stated net of Value Added Tax (VAT), trade discounts, and rebates. The company's specific revenue streams are recognized as follows: Rendering of Design and Consulting Services Revenue from interdisciplinary design services, concept development, and consulting contracts is recognized by reference to the stage of completion of the contract at the balance sheet date. This is determined by the proportion of total contractual obligations performed to date or upon the achievement of verifiable contract milestones. Where the outcome of a contract cannot be estimated reliably, turnover is recognized only to the extent of the expenses recognized that are recoverable. Grant Income and Performance-Related Funding Grants received in respect of revenue expenditure or community interest projects are recognized in the Profit and Loss Account within turnover over the same period as the related costs they are intended to compensate. Funding received with specific performance conditions attached is held within creditors as deferred income and released to turnover only when those performance conditions are met. Event, Exhibition, and Workshop Income Turnover from workshops, community exhibitions, and educational events is recognized on the date the specific event takes place. Receipts for events occurring after the financial year-end are deferred and included in creditors.

    Tangible fixed assets depreciation policy

    Computer & IT Equipment: Method: Straight-line Useful Life: 3 years (33.3% per year) to match rapid tech turnover. Electric Vehicles (EVs): Method: Straight-line or reducing balance Useful Life: 4 to 5 years (20% to 25% per year), accounting for residual salvage value expectations.

RESOLVE STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 6 3

RESOLVE STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2024 5,312 0 5,312
Additions 16,794 16,794
Disposals
Revaluations
Transfers
At 30 September 2025 5,312 16,794 22,106
Depreciation
At 1 October 2024 4,872 0 4,872
Charge for year 440 2,799 3,239
On disposals
Other adjustments
At 30 September 2025 5,312 2,799 8,111
Net book value
At 30 September 2025 0 13,995 13,995
At 30 September 2024 440 0 440

RESOLVE STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

4. Debtors

2025 2024
£ £
Trade debtors 5,413 2,000
Total 5,413 2,000

RESOLVE STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 30 September 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Trade creditors 144 350
Other creditors 73,347 41,908
Total 73,491 42,258

COMMUNITY INTEREST ANNUAL REPORT

RESOLVE STUDIOS CIC

Company Number: 11571213 (England and Wales)

Year Ending: 30 September 2025

Company activities and impact

Material Store 2025: We ran a programme of learning and reflection from the previous pilot projects to feed into a new strategy. This strategy set out our aspirations for a new space and the basis for a membership programme that would help us build community around material circularity and distribution. The membership model is founded on principles of social and climate justice, ensuring the material, knowledge and skills are accessible to communities historically marginalised in the current economic and social systems. Tipping Point East: In 2025 we joined together with design and make practice Yes Make and bio-based architectural practice Material Cultures to develop a scope for a new site in Newham. The ambition for the site is a circular construction hub and climate futures centre that would host the three organisations and demonstrate good practice in circular design, construction and bio-based practices, brining this to local communities. A significant amount of resources went into developing the proposal, negotiating with the GLA (the landowner), paying for surveys, legal fees and other enabling costs, and preparing to occupy and develop the site. Nurturing Ecologies – Plus One: In 2025 we delivered the latest evolution of our Nurturing Ecologies programme with a residency at Bloc Projects, a Sheffield based gallery and artist studio. The ambition with this project was to reconnect with the principles from the first residency and invite more creative practitioners into the way of working together, with a particular emphasis on emerging practitioners in Manchester, Leeds and Sheffield. Through this project we supported three artists from those respective cities, providing them with a collaborative studio space and budget to develop work and their practice more general through our support system. Waymarking: Another project that emerged from the 2023 Nurturing ecologies residency and built on a collaboration with Peaks of Colour and Dig Where You Stand. Here we continue a series of workshops and commissions that evolved the legacy of Sheffield-based Historia Mark Hutchinson and his work to bring the black experience to the forefront of Sheffield’s popular history. Starting From The Endz – Rearc Winter School: We delivered a workshop series in collaboration with rearc foundation that allowed us to bring together research, practice and intention from the pedagogical strands of our practice known as Starting From The Endz. This work values and centres local knowledge as the foundation for liberatory spatial practice, with a particular focus on working with young people. Through this project we created a syllabus that captures the core of the area of work which can now be expanded and evolved. JRF Emerging Futures Proposal: In September 2024 the proposal was submitted and approved by the trustees, resulting in core funding for us and the remaining ‘Pathfinder’ organisation we were working in collaboration with. The next year involved additional planning, learning and reflection of the process in order to set the foundations for the long-term funding aspirations built into the proposal. This work will bring additional funding into our organisation, the organisations within our ecosystem and the communities we support. Workshops: We continued delivering workshops with young people, particularly those form marginalised backgrounds, to support access to design, art and creative practice. These took place in Ebbsfleet, Croydon, Kensington with Design Museum and in other programmes across the UK. Fundraising: Our fundraising efforts continued throughout the year, this included managing the core programme we successfully accessed in the previous financial year with PHF and securing and managing funding from Joseph Rountree through the pathfinders programme, in which we secured 453,000 across 4 years. Team development: With successful core funding we expanded the team with three new roles. Each role has allowed our organisation to increase capacity and relieve pressure on team members, allow us to evolve our offer to our communities. These roles are: Studio Business Manager – A role to develop and hold key organisation administrative process including, finance and accounting, resourcing and time management, learning and development etc. Designer: Material Store – A designer role to work specifically on Material Store projects including, space design, material capture and recording, stakeholder management, material collection. Project Assistant: Nurturing Ecologies – A role to drive and coordinate the work with Nurturing Ecologies including delivering Plus One and supporting the development of the wider ambition.

Consultation with stakeholders

Material Store: We took feedback from users, communities and partners who interacted with the 2024 pilot in order to feed into our new strategy and proposal for a new site. This included, cultural institutions, community organisations and black, POC and marginalised group-led creative practitioners in London/UK. Tracking data on support provided through Material Store Camberwell 2024 to feed into future funding/space proposals. Starting from the Endz: We received feedback from practitioners who participated in the Winter School programme to help evolve the syllabus and approach to learning that can be brought into the future proposal. Nurturing Ecologies / Plus One: We held reflection and feedback session with the artist we supported to understand what worked and what can be developed in the future as we evolve our support system for Black, POC and marginalised group-led artists. Delivered a range of workshops, research sessions and community programmes designed to engage stakeholders from underrepresented communities, increase access to design education and encourage meaningful participation in the design process.

Directors' remuneration

The total amount paid or receivable by directors in respect of qualifying services was £55,125.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
31 July 2026

And signed on behalf of the board by:
Name: Seth Scafe Smith
Status: Director