KING STREET STUDIOS CIC

Company Registration Number:
11072336 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2025

Period of accounts

Start date: 1 December 2024

End date: 30 November 2025

KING STREET STUDIOS 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

KING STREET STUDIOS 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 directors shown below have held office during the whole of the period from
1 December 2024 to 30 November 2025

Peter Herbert
Janet Herbert
Russell Coppock


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: Peter Herbert
Status: Director

KING STREET STUDIOS CIC

Profit And Loss Account

for the Period Ended 30 November 2025

2025 2024


£

£
Turnover: 37,188 22,772
Cost of sales: ( 63,135 ) ( 41,079 )
Gross profit(or loss): (25,947) (18,307)
Administrative expenses: ( 27,993 ) ( 28,872 )
Other operating income: 66,865 69,037
Operating profit(or loss): 12,925 21,858
Profit(or loss) before tax: 12,925 21,858
Tax: ( 2,456 ) ( 4,011 )
Profit(or loss) for the financial year: 10,469 17,847

KING STREET STUDIOS CIC

Balance sheet

As at 30 November 2025

Notes 2025 2024


£

£
Current assets
Debtors: 3 4,962 3,431
Cash at bank and in hand: 33,704 23,031
Total current assets: 38,666 26,462
Creditors: amounts falling due within one year: 4 ( 11,472 ) ( 6,491 )
Net current assets (liabilities): 27,194 19,971
Total assets less current liabilities: 27,194 19,971
Creditors: amounts falling due after more than one year: 5 ( 3,246 )
Total net assets (liabilities): 27,194 16,725
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 27,191 16,722
Total Shareholders' funds: 27,194 16,725

The notes form part of these financial statements

KING STREET STUDIOS 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: Peter Herbert
Status: Director

The notes form part of these financial statements

KING STREET STUDIOS 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

KING STREET STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

KING STREET STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

3. Debtors

2025 2024
£ £
Trade debtors 3,016 2,150
Prepayments and accrued income 1,200 1,200
Other debtors 746 81
Total 4,962 3,431

KING STREET STUDIOS 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 1,861
Trade creditors 3,189 1,235
Taxation and social security 2,456 4,011
Accruals and deferred income 1,266 1,245
Other creditors 2,700
Total 11,472 6,491

KING STREET STUDIOS CIC

Notes to the Financial Statements

for the Period Ended 30 November 2025

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

  2024
  £
Bank loans and overdrafts 3,246
Total   3,246

COMMUNITY INTEREST ANNUAL REPORT

KING STREET STUDIOS CIC

Company Number: 11072336 (England and Wales)

Year Ending: 30 November 2025

Company activities and impact

We have provided affordable space for activities by a number of local arts and community groups as well as individuals providing training and support for local residents. These include the North Staffs Asperges and Autism Association, Art Brazil, Everyone Health, New Vic Theatre, Letting in the Light, Jakaranda Yoga, Karen Johnson Therapy, Phoenix Day Services, Bump into Fitness and Newcastle Business Improvement District. We also support out clients with social media advertising and advice support.

Consultation with stakeholders

We meet regularly with our clients and invite them to networking groups to gain feedback on our services and how we can improve our support of them. These are held 12 times a year.

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
18 August 2026

And signed on behalf of the board by:
Name: Peter Herbert
Status: Director