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REGISTERED NUMBER: 09917986 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Creedway Limited

Creedway Limited (Registered number: 09917986)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Balance Sheet 1

Notes to the Financial Statements 3


Creedway Limited (Registered number: 09917986)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
Fixed assets
Investment property 4 554,904 554,904

Current assets
Debtors 5 100 100
Cash at bank 30,811 18,903
30,911 19,003
Creditors
Amounts falling due within one year 6 563,095 559,868
Net current liabilities (532,184 ) (540,865 )
Total assets less current liabilities 22,720 14,039

Capital and reserves
Called up share capital 7 100 100
Retained earnings 22,620 13,939
Shareholders' funds 22,720 14,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

Creedway Limited (Registered number: 09917986)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 12 November 2018 and were signed on
its behalf by:





T E French - Director


Creedway Limited (Registered number: 09917986)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. Statutory information

Creedway Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address are as below:

Registered number: 09917986

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover represents rent receivable during the year.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.

Creedway Limited (Registered number: 09917986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. Employees and directors

The average number of employees during the year was NIL (2017 - NIL).

4. Investment property
Total
£   
Fair value
At 1 April 2017
and 31 March 2018 554,904
Net book value
At 31 March 2018 554,904
At 31 March 2017 554,904

The investment properties are valued at fair value based on open market value of similar properties.
The year end valuations were made by the directors. The fair value adjustment included in the profit
and loss account was £nil (2017: £nil).

5. Debtors: amounts falling due within one year
2018 2017
£    £   
Other debtors 100 100

6. Creditors: amounts falling due within one year
2018 2017
£    £   
Taxation and social security 2,234 3,485
Other creditors 560,861 556,383
563,095 559,868

7. Called up share capital


Allotted and issued:
Number: Class: Nominal 2018 2017
value: £    £   
100 Share capital 1 £1 100 100

8. Related party disclosures

At the year end, the company owed the directors £4,718 (2017: £nil).