REGTERED COMPANY NtJMBER:1I7798719 (EllglaDd and Wales) REGISTERED CHARITY NULIIBER: 1146117 Rfi PORT OF THE TRUSTEES AJryD UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025 FOR THE CIRCLE BRICHT GUARAJffEE FI CRT Limited Flat 24 Wellingtonia Court Laine Close BrightLin E4St Sus$ex BNI 6TD
THE CtRCLE BIUCHTON LIMITED NTENTS OF THE F YEAR ELYDEJ) 310 EMENTS PaEe Report orth¢ Trustees l trj 3 Independent Ei xaminèr's R¢port Statetnent of Fin4nci9J Aetiilties BAl4tsce Sheel IYot&4,to th¢ VinaThcial Statements 7 to 12
THE CIRCLE BRIGHTON LIMITED REI PORT ofi THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER2025 The trustees who are also directors of the chaTity fol the Purpo orth¢ Companies 2006, present their rep)rt with thè f]w¢ial $tat¢m¢ths of thp charity for the year ended 31 October 2025. The tslee8 have 8dopod the provisions of Accoulltillg and Reporting by Clwities: Statemenl of RornIn¢ded PEactioe appliLxble to charities p]Eparing their ccounts it) 8ccordan¢¢ with the Fi])an¢ial Reportit]g Standard applicabl¥ itt the UK and Republic o'fIreland (FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Objectiv¢5 and aims Objeetiv The objects ofthe Charity ar¢ specifi¢aily Testri¢t¢d to the following: l. To promote and protect the physicAI and metrtal health of $uFfercT5 ijf Myalgic Enctpbalotny¢litis ("IvlE"). MulLiple Sclerosis ("MS'I, DepIession and Stress relSd conditions in En8Iand and Wales throu811 the provision of 'S7JPPOrted Living. 8Lcommodat1L)M, Functiortal Mobility and Fitne55 exerri5e c1&55es, Milldfuhjess & Mditation sessions aj prartical advice and guidC. 2. 'fo advance the education Of the gal public in all areas r¢lating to Myalgic Enpha10mYe[ltls (°IvlE'I. Multiple Scl¢rosis ("MS'), and ail Depression and stre related conditions. 3. 1.0 work with th¢ homeless Commlty to irnprove conditES and return the residents to inte¢ baok into society. Aims IM the p¢riod ¢over&l by the attached acoounts to 3lst O¢toE¢T 2025, the cornpany Tented out its PTW)Ises to the BFICC ay we We unabl¢ lo ¢It staff to cojrtillue our Sw)ported LivAng Project. The compaTty oontinu¢d to sw)port people in exceptionally poor fjnancial SIationS globally. Public bellefrt 'rhe 1 rustee5 certify that they have had and p&id due regard io the ChaTIty Commission's guiijanee on public benefit in deciding what activities the Charity should ndt<t. This they believe is dernon5trated in this Teport. ACHIEVEMEJ¥T AND PERVORMANCE Chaiytsbl¢ activities The company continued to rent out its prernises to BHCC for housing horneless people. FINANCIAL REVIEW Finthneknl pogltlon Tho results for tho year are shown in the Stat@ment of Financia] Activities and showed a swplus of £12.969 (2024.. defi-t £6.668). This has beet) added to tho retsinèd reservos brought foyward 0£ £256.334 to leave £269.303 to be carried forward. nveslJn¢nt poli£yaDd objeftives The Memorandum of Asswiation allows the TStee8 to deposti or iTrve$t fvnds in any manll0T (but to invest only after obtsininbF advice from a financial expert and haying gard to the suitabilityof investments alld the need for diversification). Ileserves lICY As catL be seen frLun the accounts the reserv&% aTÈ £269J03 but this is reprellted by t-ed as5gts that amount to £264253. The lev¢1 of r¢SEfsfS l5 regularly monitored by the Tiustees and the Trustees are trying fo in¢rnse the Eevel of r6%¢rves in dÈtficult times. The Trustee5 would con5idrr a ICVEI of unrestrided reserves tquivatent to 3 months ¢xpenditvre to E¢ appropriate to be held at any one IrLe. FUTURE PLANS The chatity ig hoping to go back to providing a supp)rted livit)g faciliry to deal witb anxiety and depr810, but there are InY challenges including sky rocketing building cosEs and shortage of labour which are delaying the progrd Page I
CLE BRIGHTON LI1rED po TRU FOR THE YEAR ENDED 31 OCTOBER 2ff2S STRUCTURE, GOVERNANCE AND MANACEIVIENT Governing document Tho Ch2riry ig a company limiied by guarantee and is governed by its Memordndum 8nd Articles of Associalion dated 5 October 2011. The Circle BriglLton Limitsd (previously Srnib2Liv¢ Ltd) was incorporated on 5 October 2011 [registettd cthnpany numb)r 07798719). It reeeivtsd a ¢hwitrdble Status on 27 FebLw2012 {registered charity ttumber 1146117). Rc¢TUitJn¢ut 8nd app)illteUI of llew trustees Th¢ TNstee9 (Direettsts for CtsmpanTes Act Purposes) are listed in thi8 report. Th¢ f]r8t Directors shall be those TOnS notifitd to CoJnpanie5 House as thr fiT5t DiT¢ftOT5 of th¢ CoTnpany. Th¢ inimum number of L)ir¢otors shall b¢ on¢ but (unl¢ss othenwis¢ d¢termin¢d by ordinary r¢soluknoT)) st)all not be subj¢¢t 10 any maximum. At Ilie first AGM the D]rtOrs rnust Tetire fiom offic¢ un1¢5s by the close of the meeting the mernbEt5 have failcd to elect surricient Dire¢tors Iv hold a qUQTatc meeting of the Directors. At Each suEsquent AGM one thtrd of the Direthrs Tnust tEtire The company may by ordinary resolution.. a} Apw>inta person who is willsng to actto be aDI[or. and b) Determine the rotstion in whichany additionaiDirecrors to Tetir¥. Rtsk managernenl TnJsS have examined the principal areas of ihe Charity's opetxtion$ and wll8idd the tnajor Yisks fac] in each of those areas. Risk managementtalieg plaee anT)lty by the ¢ommittee. REFERENCE AE4D ADMtNISTIL4TIVE DETAILS Registered Cotnpany E]umber 07798719 (En818nd and Wa]es) Registered Charity number 114C)117 Registered offlce 55 Nortb Street PDrtslLale Brighton East Su&sex BN41 IDH Trustees G Bell (Resigned 4 OGtobeT ?OJ} F Gliiaci Mrs D Ghiaci Independent Exalniner aristoplier Robert fyler FCA DChA FCIE FI CRTLimited riat 24 Wellin8toniaCourt laineclose Brighto East Sussex BNI 6TD Company Seeret2ry Mrs R Cameron 82
THE CIRCLE BIUGHTON LIMITED RIPORT OF THE TRUSTEEI S FOR THE YEAR ENDED 31 OCTOBER2025 REFERENCE ANDADMItSlSTRATIVE DETAILS B8nke HSBC Church Street Weybridtre Surre KT13 8DF STATEMELYT OF TRusfEES' RESPONSIBtLITTES The trustees (who are also the directors of The Circle Brightoll Limited the PLETpose5 of Company law) are responsibk for preparing the Report of the T¢¢5 and the f]tMnrial stateents in &¢ordance with applicable law ar]d UnitEd KingdomAccountill8 Stsndards Iullittyj KiDgdoffi Generally Accepted Acrountiiis Prartice . Cojllpauy law requires the trustees to prepare financial statements for each financial vear which give a true aDd fair view of ihè st0 of affairs ot the £hatitable cojnpally and of the incorning resources and application of resources, illc]udiTJg th¢ incw)e and expenditur4 of the charitable cotnpany for that period. In prepIllg those financial staie]nent5, Inistees are required to selE¢t $uitsble accounting policies and apply nSistendY. obs¢The the ethodS and prin¢5plo$ ill th¢ Charity SORP., make jud.<rynents and eslimat&s that are reasollable wd prude prepare the financial statement5 on the gou]g concern basis unless it is inappropriate to presume that the charitsble compally will conti0 in busine&8. 'I'ht trustees are respohsible for keeping ptvper accountirig Tecords which disclose with aSOnable accur ai any lime the financial positioll of the charitsblc company and to enable them to ensure the finw]¢i8l statemettts cornply with th¢ Comp8nieg Act 2006. They are also responsible for safeguarding the assets of the Chitable ¢ornpany and honce lor laliiJ)g aSonable strps forth¢ PEvention and detection of fiaud aDd Oth irregularities. The financial statements iyere approved on........................................... and signed OD its behalf by F Ghiaci: - Trustee Page 3
Independent examiner's ptst to the trustees ofThe Cirele Brighton Limtted ('tht Comp&nY) I reporfto tbe tharity trustees on n]y examinatiou of the accounts ofthe Compally for the year ended 31 octob ?0?5. Responsibilities 3nd basis Dfrep>rt As the charity's trustees of the Compw (and also its dirwtors for the purposes of company law) you are Eesponsible for the preparation of the accou]rtS ill accordatt¢e with the r4uireme]tt& of the Compallies A£t2006 ('the 2006 Act). Haying satisfja myself that th¢ accounts of the Company are not r¢quired kn be audited und¢r Part 16 of the 21K)6 Act and are eli8Jl)le fotr independent examinatio I report in respett of my exaLnination of your charity's ac¢oLLnts as carried out UThd Section 145 of the Charities Act 2011 ethe 2011 A¢tl. In carrying out my examination I have follow the DirectioJ]s given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent exaMIne8 ststement I have completed Flly examination. E confirm that no matters have come to my attention in ¢ontte¢tion with the eXnInatiOn giNingme causo to ceve.. accounting Tecords were not kept ill fftspectofih¢ Company as required by Sectioll 386 of thè 26 Act: or the accoujtts do not accord with those records or the ao¢ounts do not comply with th¢ Accounting requirements of Section 396 of the 2006 Act other than aiiy requirement that the awounts give alrue md fair Yiew which i5 nol a tJ]attsr ¢on$idored as port of an independent examination; or the accounts h4ve not been prepared in accorth]ce WTth the Thcthods and principles of the Statemertt of li¢¢omm¢nded Practice for accounting and reportEn8 by charities (applicable to charities preparing their accouiits In awoTdanc¢ with th¢ Financial Reportin8 Standard applicable in the UIC and Republic of IrE]ld (FRS 102)}. I have tLO concerlls and havc co across no odLer llttErs ill Conn1]0 with th¢ examination to which attention should drnwn in this report in order to enable aproper under5tallding of the accoullts to be Ieached. Christopher Robert Tyler FCADCIL4 FCIE FI CRT Limited Flat J? W¢llingtoniaCourt Laine Close Bri8htotL East Sussex BNI 6TD Pagre 4
THE CIRCLE BRIGHTON LILVIITE srATEMENT OF FtN FOR THI 31 (KTOBER 2025 2025 Unrestricted fund 2024 tunds Notss COL1 AND ENDOIVMENTS IIROM Donatiolls and legacies 21,0(K) Investment incomc 176.354 161,947 Total 176,354 1¥2,947 EXPEPIDITURE ON Chartt&b]e acilvltSes Wellbeingpragramtnes 163.385 189,615 NET INCOME/(EXPENDrfui4E) 12,969 (6,668) REcof4CILIATION OF FUNDS Ti*al funds brou8ht forward 256.334 263,002 TOTAL FUNDS CARRIED FORWARD 269,303 256,334 Th¢ notes form p8rt ot these f]nan¢ial ststements Page 5
THIQ CTRCLE BRIGHTON LITED REGISTERED NUTI(BER: 07798719 BALANCE SHEET 31 OCTOBER 21125 2025 UnLTstrickd fund ?024 Total funds Notes FIXED ASSETS TgIle assets 10 264.501 CURREIYT ASSETS DebttsrJ Cash at bonk and in ld 17,68) 2,584 2,4S5 20269 2,455 CREDITORS Amounts falling du¢ within oneyear 12 {15,219) {10,622) NET CUIiRtNT ASSETS 5.050 (8.167) T(yfAL ASSETS LESS CURRENr LIABILITIES 269.-303 256.334 NET ASSETS 269.303 256.334 FUNDS Jnrestricted funds 13 269,303 2>6,114 TOT AL FUNDS 269,303 256.1.34 The dwitable COLnpany ig entitled tt) exemption from audit under Section 477 of the Companies Act 2006 for the year elided 31 October 2025. The meLnbers have not reqiiiTed the ¢ompany lo obtain all audit of its fmancial statements for -the year ended 31 OctobeT 2025 in ardance with Section 476 ofthe Companies Act ?006. The trustees acknowledge their respong1Trilities f la) ensurmg dial ihe c])aritAble CoMpY keeps a¢wunting recotds that comply with S¢108 386 and .387 of the Companies AeL2(X)6 preparing fu1¢1&1 statements Trthich give a trlle and fair view of the stato of affai of the ehaYit&ble cornpany As at the end of each fittla1 year and of its sutylu8 tsr deficit foF each fin3ncial year ill Rccordanee the requiremeTrts of Sethions 394 and 395 and whioh otherwise comply with the require]nents of the CoThwie8 A¢t 2006 Tekning to fmanciaL ststements so faras applicable to the chfiritable comp8J)y. Ib) These fjnancial statemtTrts have been prepared in accordallce with the provisions applicable to charitable c(Jmpanies subjectto the S])1[ cornp&)ie% re8iLne. 'I'hE financial 5tateTnents appFov¢d by fhe BDard of Trustees and authori5ed for i.i.:.n.LL.&............ tLlld signed on its bEhalfby'. Were issu¢ on GLI ]- Thstee The notss form pert ofth¢3¢ fiT)an¢ial sktBments Pagc 6
LILIIITED NOTE FOR THE VEAR ENDED 31 BER2 ACCOUNTILNG POLICIES Ba5l5 oepreparing the r]llan£ial statements ThE fJnanGial 5tat¢m¢srts of the charitsble ¢ornpany, which is a public b¢n¢fit ¢ntity undv FRS102, have been prepad in accoxdance with the Charities SORP IFRS102) 'Accounting and Reporting by Charities: STatenn[ of RtcoJJTrmellded Practice applicablo to d)arities preparing their accoullts with the Financial Reporting Siandanl applicable in the UK and Repubiic of freland (FRS102) (effective l January 2019),, Financial Reporting Standard fRS102 'Tbe Financial RerK>rting StaJLdard applicable in the UK at)d Republic of JTEland' and the Companies Act 2006. The tinencial Statennts ]ve ell PTepared und¢r tho histori1 cost nventiOn. The accounts are pyred in stsrlin& whi¢h 1$ ihe functional ¢uencY of the charity. Monetary amounts in the8¢ finan¢ial statements arerLXU]dedto the lleaSt £. Tho trUst4editDT$ ¢on$ider that there are no material ullcertainlies thut the companys ability to continue as agoing concern. Pr¢p8Tation of consojidatsd f¢]1 statemellts Th¢ fingnclal statemejrts Contain infom)ation about 'fhe Circle Brighton Lituited as an sndividual COTFry)any and do not C4)ntain constslidated finanoial information as the parent of a group. The charity is exempt UT)der Section 399(2A) ofthe Compalltes Act 2006 frorn the requirernents to PTW¢ ¢onsolidaÈ¢d finan¢ial ststements. Income All income is re¢ognised in the StateMt of Financial Activities once the charity ha5 entitlement to the funds, it is probable that the income will be received and the aoUnt can measured reliably. Expenditure Liabiliries are Tecognised as ¥ditwe as soon as there is a legal or constructive obligation cominitting the charity to that exndItUr it ig probable that a uznsftt of ecollomic bellefits will required in settlejllent and the aOUnt of the obligation can be measured reliabty. EN)enditure is aceounted for ort an a¢¢nlS basis and has b¢¢n ¢la88ified und¢T headings that augreuate all wst reled to the Lztegory. Whero ¢0sts cannot be direcily attrIU1ed to pwticular headings they have been allocared ts) activitses Oll a basis consistent with the usè of TanEible red assets D¢preKiation is ptDvided at th¢ following annua] ratss in order to writ? off ¢ooh a&8et over its estimakd useful Tan8ible fixed assets Short l¢a5ehold- Straight line over 15 ycaT5 Plant and machinery- I/0 on cost rixtur¢s and fittings- IOO/o on reducing balance Office equipment- I/4 on reducing balance The ¢harity does not have a de mittimis level for the c3pitalisation of red asgeis. Taxatlon The Chlty is eongidered to pass tbe 18 set out in Paragraph I Schedule 6 Finan¢e Act 2010 attd diei'efore it rneets the defJt)ition of a charitable eotnplllly for UK CorpoTation Tax purposes. Accordingly thè charity is potentially exempt from ttLKation im SP¢t of income or ¢apits] g8ing receiv wirhill cate¥yori¢s covered by aiapter 3 P1 I I Cotyorarion Act 2010 or Section 256 of the T&ation of Chargoable Gains Aci 1992, to the extent that Slloh incorne or gains are applied exclusively to charitable pury)oses. Fund aecoulltitlg UnTesiricted funds can be ts9ed in accordance with the clwitable objectives the di8¢retion of th¢ bSlee& Restricted fi]nds can onty be used for particular restriLed purposes rythIn the objects of the cJwily. Re4trictions arise specified by the dottor or when fullds ate raised for particular r63tricted purpos¢y. Page 7 ¢oiitinlled...
IUGHTON LJMrrED E FINAN ED 31 OCTOBER 202 CCOUJYTJI¥G POLICIES- continued Fund accounting Further explanation of the nature and pury)ose of each fund is included in th¢ notes to the financial statemenis. DODIATIONS AM) LECACIEI S 2025 2024 Donations INVESTMENT TNCOME 202S 2024 Rents received 176.354 161.947 CIL4RITABLE A[vITIEs COSTS Direct Costs {see Mote 51 Wellbeing programm&s 163,385 DlllECT cosrs OF CHARTTAJILE AcfiviTIES 2025 2024 surance Light and heat Rent Rates Wage8 Food and dmk Post alld slatiDD¢ry Travelling Repait¥ and renewals Cleaning Donations Sundry eXpSe5 Card ballk tharge5 Computer costs Accountsncy Licences Subscriptions Depreciation 297 5,980 91283 1.100 45,246 597 468 5.958 1,997 218 550 1,178 5,620 102.767 2.251 42.094 122 4.803 -3,856 16l 17,520 1258 63 4Jg0 1917 72 244 1.139 3,694 2.011 285 262 1.611 163J85 189.615 Page 8 continlld...
IRCLE BRIGHTON LITrTETF NOTES TO THE FINATrICIAL STATEMENTS- £onlinued FOR THE YEAR ENDED 31 OCTOBER 2025 NET ll¥4COMEI(EXPENDrruRE) Net in¢tsmellQxnd1tU[e) is stated after chargiDgl(credjti.. 2025 2024 Depre¢iation- Dwmed assets Independent oxamination 1.610 1.550 1.139 1.800 TRUSTEES, IlELvIUNUTI0N AIW BETrI£FITS were no trustees, remuneration or other benefits for the ar en&d 31 Ct0r 2025 nor for the ytar 31 October 2024. TfUSte25 There were no trustets, exFnses paid for the year ended 31 October 2025 nor for the sear ¢nd¢Nt 31 Octob2r 2024. STAFF COSTS Statf LOSTS during yeurwore as folltsws: 2u25 2024 Wages and salfjrtes Employ3 t)ational insurw)¢e Employers pension contrJTrutions 43.807 5,394 1.127 41.050 4.410 1,044 Th¢ numbtrrof emplgye¢& b&s¢d on h¢adcoutrt, during they¢ar FI I (2024.. 11 The charity con5idtrs its Icey rnanagernent perso[e1 to be the trustees. No trusteE re¢eived any remuneTation or benefits the charity. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr&stricted nd TNCOME AND ENDOWMENTS FROM Donations and legacies 21.000 ]nVeStnlI inc(Jme 161.947 Totsl 182,947 EXPEF4DITURE or4 Charitsble activitie8 Wellbcing pro8fdmmes 189.615 ET INCor[XPENDIruRE> (6,668} RECONCILIATION OF FUNDS Totsl fimds brou1 fonv2rd 263,002 Page 9 contiDu&l..
THE CIRCLE BRIGHT LIMI ATE]¥tENTS- continued riOR THE YEAR ENDED 31 OCTOBER 2O2S COMPALL4TIVES FOR THB sfATEMENT oTNANCIAL ACTIVITIES- conthiued Unregtri¢red t)d TOTAL FUNDS CARIUED FORWARD 256,334 io. TANGtBLE FIXED A&SETS FiKtur&s Short leasehold Plant and athinery Oftic¢ uipment .fiitillgs Totals COST At l November 2024 Additions 383,447 l J62 23,897 12,064 970 420,378 1,362 Af 31 Ortobcr 202) 384,809 23,897 12,064 970 421,740 DEPRECIATION At l November 2024 Charge for year 126.563 849 19,280 461 9.5)7 251 477 49 155,S77 1.610 At.11 O¢tyber 2025 127.412 19.741 9.808 526 157.487 NET BOOK VALUE At 31 Oeknber 2025 257,397 4,156 2256 444 2&1,253 At 3 1 October 2024 256.884 4.617 2507 493 ?64.iOI DEBTORS: AM0s FALLING DUE WITHIN OPte YEAR 2025 2024 Trad¢ dtbtors 17,685 12. CREDITORS: AMOUNfs FALLING DU£ wrrHIN ONE YEAR 2025 2024 Ttado croditors Soei8I 8e¢Lfty at)d othwtaxeg VAT Other creditor6 Awrued ex[¢T£s 1.959 738 4,500 6,222 1.800 682 1.959 6,181 1.800 EO.622 PAgelO continued...
THE CtRCLE B LIIVIITED CTAL ed FOR THE YEAR LNDE TOBER 2025 13. MOVEMENT JYI FUTrIDS Net moYem¢nt in At 1.11.24 At 31.1025 Unrestricted funds General lijnd 256.)34 12.969 269,303 TOTAL FUNDS 256.JJ4 12.969 Net movement in fimds. included in the above are as follows: Incoming yesources Resources expended Mov¢m¢nl in funds Unrestricted funds General fund 176,354 1163,385) 12,969 TOTAL FUNDS 176,354 (163.385) 12.969 Comparatlv¢s Cor movement in fllnds Net movement in fiu]d8 At 1.11.23 At 31.1024 Dr¢strirted fullds General fund 263,002 (6,668) 256,334 TOTAL FUIYDS 263.002 (6,668} ?56,334 CompaTative net mDvement irt funds, InGlud¢d In ihE abtive as follow5: I07ng resources Resources expend¢d Movement in funds Ullr2Strleted funds tseneral fllnd IL? 947 (189.615) (6.668) TOTAL FUNDS 182.947 (189.Ol5) (6,668) Pagell continued...
THE E FINANCIAL sfATEMFNTS- continued FOR THE YEAR ELYDED 31 OCTOBER2025 14. RELATEI D PARTY DtSCLosifRES City Gtstsway Lknited Duting theyvdr the charity paid rent 0££92,283 (2024.. £ltr2.767) to City Gateway Development Limited. City Gateway DevelopmentLimited also paid asmall invoi0¢ on behalf of the ch8rity. At31 octob 2025. a balance of £41 (2024.. £niL) was owed to City Gateway Development Limited. City Gateway Development Limited is a comp8my controlled by F Ghia¢i. Circle Holistic Hcalth Clinic Limitsd During the ytw the eharity nxeived donatiorts of £nil (2024.. £4 3161 froTn Circl6 Holistic H6alth Clinic Limitsd. Circle Aolistie HAlth Clillifj Limitrd was a l O(P/o subsidiary of Th¢ Circk B Tighton Limilgj. CirGle Holistic Healh CltniG Limited ce&sedtFade oJ] 10 April 2023 a] has sillce be£n di&solvEd by voluntary strike off on 19 December2023. At 11 OrtobEr 2025 a baiauce of thil l?024.. thil) wa5 owed by Circle Holistic Heatth ClitLiC Lilte¢ Natuval Health Seryice Limlted As at 31 Octolw 2025 3 balance of £nil (2024.. £1,705} was owed to Naiural Health Service Limited. The £1.705 that hadbeen owed to Naturnl Health Service Limi1 wa9 wri(n0tTlll Septernber 2025. F GtLiaci wtts Ebe sole director ofthis ¢omp8ny which was dissolved by volulltary stre off on 16 December 2025. F Ghi8Ci As at 31 Octhber2025, £6,180 (2024: £4.475) was owed ts F Ghiaci. aTnLSi# of The Circle Brighton Limited. ULTLWIATE COFlTROLLIG PARTY Th¢ uliimale Gontrg11ing p4rti¢s ar¢thB diTe¢torsltrusle¢s of the Company 16. SHARE CAPITAL The fQTnpany Is IiTnitrd by guarante¢ not having a Sha ¢apifal. ID th¢ ¢v¢nt of the company bcin8 dissolved each member is liable up to a m&ximurn ot £10 towardg the cost of dissoluÉioD and liabilities inCLwred by the ¢ornpany while helshe was a member. 17. DISSOLUTION In the event of a dissolution of the ChaTty the assots of the Cliarty. after all Tls dèbts and liabilities have been paid, or provigiot) hag bL¢n made forthem, shall be 4)plied or knrered in one L)T more of the following Wa.. a) Directly for the Obje¢ts,' or bl By trattsferto any clwty or charities tOT purpos sirniiar to the Objects. or ¢) To any charity or ehatitieg for use for partic1& purposes thal fall within the Objects. Page 12