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Company registration number:
SC785157
Paradigm Shift Open Studio Ltd
Company limited by guarantee
Unaudited Filleted Financial Statements for the year ended
31 October 2025
Paradigm Shift Open Studio Ltd
Statement of Financial Position
31 October 2025
20252024
££
Fixed assets
214
 
310
 
   
Current assets
2,014
 
2,752
 
Prepayments and accrued income
750
  -  
Creditors: amounts falling due within one year
(6,778
 )
(6,040
 )
Net current liabilities
(4,014
 )
(3,288
 )
Total assets less current liabilities
(3,800
 )
(2,978
 )
Accruals and deferred income
(1,097
 )
(450
 )
Net liabilities
(4,897
 )
(3,428
 )
   
Capital and reserves
(4,897
 )
(3,428
 )

Notes to the Financial Statements

1 General information

The company is a private company limited by guarantee and is registered in Scotland. The address of the registered office is
278 Leith Walk
,
Edinburgh
,
EH6 5BX
, Scotland.

2 Limited by guarantee

The company is a private company limited by guarantee without share capital. It also has an asset lock, which ensures that the company is not established or conducted for excess private gain; any profits or assets are to be applied solely for the benefit of the community. The liability of each member (who are also the directors) is limited to £1, being the amount each member undertakes to contribute to the assets of the company in the event of its being wound up while he or she is a member or within one year he or she ceases to become a member.

3 Average number of employees

The average number of persons employed by the company during the year was nil (2024: nil).

4 Director's advances, credit and guarantees

The amount of £5,490 is due to the director at the end of the period. (2024: £5,040)

5 Guarantees and other financial commitments

There is a £1,000 deposit on the sub-lease of the building which would be due to the company upon exit of lease (this is included within the current assets). Other than disclosed elsewhere in the accounts, there were no other guarantees. (2024: £1,000)

6 Off-balance sheet arrangements

There were no off-balance sheet arrangements during the period or at the period end. (2024: None)
For the year ending
31 October 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
22 October 2026
, and are signed on behalf of the board by:
B Wood
Director
Company registration number:
SC785157