WORKSHOP AND ARTISTS STUDIO PROVISION (SCOTLAND) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. 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

MHA Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements are prepared on a going concern basis. Trustees have considered the impact of the ongoing economic challenges on the financial position and future performance of the group. They regularly monitor the funding streams and evaluate the projected expenditure and the free reserves which are available and have concluded that there is a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Group structure

1. WORKSHOP AND ARTISTS STUDIO PROVISION (SCOTLAND) LIMITED · parent
   1. Wasps Creative Industries C.I.C. 100% · Scotland · development and letting of workspace to commercial creative industries tenants

Significant events

• “Following a decade of leadership, Wasps' Chief Executive Officer will stand down in April 2025. The Trust and Wasps Artists Studios have engaged executive recruitment professionals to assist with the search for a new candidate. The current Chief Operating Officer will act as Interim Chief Executive Officer until an appointment is made.”
• “A record-breaking Arts & Enterprise Programme, which delivered 5 markets and 55 exhibitions, supporting 400+ artists, attracting 10,000+ visitors and generating £82,000 in sales for artists.”
• “Launching the Scotland's Culture Matters campaign to call on the Scottish and UK governments to give the cultural sector direct support for Net Zero, and end the 20% rate of VAT charged on maintaining and upgrading heritage buildings.”
• “Electricity and gas contracts were renewed across the estate following competitive market testing with a number of brokers, which will come into effect from April 2025. The process has allowed Wasps to obtain a future reduction in costs whilst maintaining 100% renewable electricity, but also extending this to a 100% renewable gas tariff which will significantly reduce carbon emissions.”

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

3

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  +7%

  £3,369,008 → £3,603,569

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Profit before tax

  -201.4%

  -£129,062 → -£389,023

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers