REAL IDEAS ORGANISATION CIC

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  Negative shareholders' funds

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Harland Accountants (Newquay) Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”

Group structure

1. REAL IDEAS ORGANISATION CIC · parent
   1. Real Ideas Trading Limited 100% · England and Wales · developing programmes, contracts and other services that enable a positive change in young peoples lives and the community.
   2. Real Ideas Assets CIC 100% · England and Wales · operating a cafe and the provision of arts and crafts studio space to tenant artists and event holders.

Significant events

• “The financial year ending 31 July 2025 was a challenging year. During this financial year there were major, sudden changes in the government's approach to funding programmes, particularly those delivering skills and community development. This included ending, rather than extending several programmes, as expected. This led to 3 redundancies and rapid pivoting to apply our expertise in new areas.”
• “We also took the difficult decision to begin negotiations to end our lease at Ocean Studios before the next break point in March 2027. This decision was prompted by rising costs at the same time as increasing economic pressure on artists.”
• “Lower usage of the Devonport Guildhall since Covid offered an opportunity to re-purpose the Guildhall as artists' studios and print-making facilities. Initial work began towards a move in the autumn of 2025.”
• “Alongside these challenges, new opportunities are opening up, both in terms of new models of contracting for work with young people facing challenges in Cornwall and linked to the emerging defence driven growth agenda in Plymouth.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.