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# PERFORMANCE STUDIO GLASGOW CIC

## Company limited by guarantee

## Company Registration Number:
SC581979 (Scotland)

## Unaudited statutory accounts for the year ended 30 November 2025

## Period of accounts

## Start date: 1 December 2024

## End date: 30 November 2025

# PERFORMANCE STUDIO GLASGOW CIC

## Contents of the Financial Statements

for the Period Ended 30 November 2025

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

# PERFORMANCE STUDIO GLASGOW CIC

Directors' report period ended 30 November 2025

The directors present their report with the financial statements of the company for the period ended 30 November 2025

Directors

The director shown below has held office during the whole of the period from
1 December 2024 to 30 November 2025

Nicholas Field

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
17 August 2026

And signed on behalf of the board by:
Name: Nicholas Field
Status: Director

# PERFORMANCE STUDIO GLASGOW CIC

## Profit And Loss Account

for the Period Ended 30 November 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 218,317 | 204,685
Cost of sales: | ( 63,915 ) | ( 80,895 )
Gross profit(or loss): | 154,402 | 123,790
Administrative expenses: | ( 139,795 ) | ( 153,656 )
Other operating income: | 93 | 547
Operating profit(or loss): | 14,700 | (29,319)
Profit(or loss) before tax: | 14,700 | (29,319)
Tax: | 887 | ( 527 )
Profit(or loss) for the financial year: | 15,587 | (29,846)

# PERFORMANCE STUDIO GLASGOW CIC

## Balance sheet

As at 30 November 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 8,655 | 7,934
Total fixed assets: |  | 8,655 | 7,934
Current assets
Cash at bank and in hand: |  | 13,058 | 12,659
Total current assets: |  | 13,058 | 12,659
Creditors: amounts falling due within one year: | 4 | ( 12,277 ) | ( 20,895 )
Net current assets (liabilities): |  | 781 | (8,236)
Total assets less current liabilities: |  | 9,436 | ( 302)
Creditors: amounts falling due after more than one year: | 5 | ( 19,439 ) | ( 25,000 )
Provision for liabilities: |  |  | ( 888 )
Accruals and deferred income: |  | ( 600 ) |
Total net assets (liabilities): |  | (10,603) | (26,190)
Members' funds
Profit and loss account: |  | (10,603) | ( 26,190)
Total members' funds: |  | ( 10,603) | (26,190)

The notes form part of these financial statements

# PERFORMANCE STUDIO GLASGOW CIC

## Balance sheet statements

For the year ending 30 November 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 17 August 2026
and signed on behalf of the board by:

Name: Nicholas Field
Status: Director

The notes form part of these financial statements

# PERFORMANCE STUDIO GLASGOW CIC

## Notes to the Financial Statements

for the Period Ended 30 November 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

# PERFORMANCE STUDIO GLASGOW CIC

## Notes to the Financial Statements

for the Period Ended 30 November 2025

- ## 2. Employees

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

# PERFORMANCE STUDIO GLASGOW CIC

## Notes to the Financial Statements

for the Period Ended 30 November 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 December 2024 |  |  | 5,955 | 30,384 |  | 36,339
Additions |  |  |  | 764 |  | 764
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 November 2025 |  |  | 5,955 | 31,148 |  | 37,103
Depreciation |  |  |  |  |  |
At 1 December 2024 |  |  | 3,012 | 25,393 |  | 28,405
Charge for year |  |  |  | 43 |  | 43
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 30 November 2025 |  |  | 3,012 | 25,436 |  | 28,448
Net book value |  |  |  |  |  |
At 30 November 2025 |  |  | 2,943 | 5,712 |  | 8,655
At 30 November 2024 |  |  | 2,943 | 4,991 |  | 7,934

# PERFORMANCE STUDIO GLASGOW CIC

## Notes to the Financial Statements

for the Period Ended 30 November 2025

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

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 5,556 | 5,682
Trade creditors |  | 4,668
Taxation and social security | 1,937 | 1,295
Other creditors | 4,784 | 9,250
Total | 12,277 | 20,895

# PERFORMANCE STUDIO GLASGOW CIC

## Notes to the Financial Statements

for the Period Ended 30 November 2025

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

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 19,439 | 25,000
Total | 19,439 | 25,000

# COMMUNITY INTEREST ANNUAL REPORT

### PERFORMANCE STUDIO GLASGOW CIC

### Company Number: SC581979 (Scotland)

### Year Ending: 30 November 2025

Company activities and impact

In this year we had 16 full time students from across Scotland. Our students took part in the Edinburgh Fringe Festival and produced a number of live performances in our theatre space. We held over 18 part time course, teaching over 180 part-time and private students. We provided subsidised rehearsal space to 17 local theatre companies and organisations. We provided a subsidised performance space to 6 local theatre companies and organisations. We provided free workshop and performance space to the long-established writers development programme - Stage 2 Page. We continued to provide sibsidised storage and play space to a local CIC who provide support for families with children in the community.

Consultation with stakeholders

Performance Studio Glasgow CIC's stakeholders include all student that come to our studio, including part-time students, private 1-2-1 clients, Zoom clients around the world and our full-time students. Additionally external users from the artistic and creative community were able to benefit from the use of our purpose built theatre. Our students received feedback surveys several times. The Studio Management Team met to discuss this feedback. All stakeholder feedback is fed through our administrator into our formal meeting schedule to discuss and consider this feedback and help to shape out decisions and decision making. We continue to invite external members of the community to come to our studios and offer their advice and feedback on bringing what we offer in line with the needs of our community.

Directors' remuneration

Total remuneration for the director was £27,500. There were no other transactions or arrangement in connection with the remuneration of directors, or compensation for director's loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 August 2026

And signed on behalf of the board by:
Name: Nicholas Field
Status: Director