Company registration number 13288527 (England and Wales)
CREATE LIVING DEVELOPMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
CREATE LIVING DEVELOPMENTS LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
CREATE LIVING DEVELOPMENTS LTD
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
Notes
£
£
Fixed assets
Investment properties
3
288,297
Current assets
Debtors
4
1,796
Cash at bank and in hand
10,557
12,353
Creditors: amounts falling due within one year
5
(400,178)
Net current liabilities
(387,825)
Net liabilities
(99,528)
Capital and reserves
Called up share capital
6
100
Profit and loss reserves
(99,628)
Total equity
(99,528)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 8 August 2022 and are signed on its behalf by:
Mr D  Emin
Director
Company Registration No. 13288527
CREATE LIVING DEVELOPMENTS LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 24 March 2021
-
0
-
0
-
0
Year ended 31 March 2022:
Loss and total comprehensive income for the year
-
(99,628)
(99,628)
Issue of share capital
6
100
-
100
Balance at 31 March 2022
100
(99,628)
(99,528)
CREATE LIVING DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
1
Accounting policies
Company information

Create Living Developments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 21 Somaford Grove, Barnet, EN4 8UL.

 

The company was incorporated on 24 March 2021 and started trading on 01 April 2021

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
Number
Total
2
CREATE LIVING DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 4 -
3
Investment property
2022
£
Fair value
At 24 March 2021
-
0
Additions
288,297
At 31 March 2022
288,297

In the directors' opinion, the carrying value of the company's investment property as at the year end is not significantly different from the open market fair value of the property as at that date.

 

4
Debtors
2022
Amounts falling due within one year:
£
Other debtors
1,796
5
Creditors: amounts falling due within one year
2022
£
Other creditors
400,178
6
Called up share capital
2022
Ordinary share capital
£
Issued and fully paid
100 Ordinary Shares of £1 each
100
7
Related party transactions

At the balance sheet date, the amount payable to the directors amounted to £267,978. The balance is interest free, unsecured and repayable on demand.

2022-03-312021-03-24false08 August 2022CCH SoftwareCCH Accounts Production 2022.200No description of principal activityMr D EminMiss E G Cunningham132885272021-03-242022-03-31132885272022-03-3113288527core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3113288527core:ShareCapital2022-03-3113288527core:RetainedEarningsAccumulatedLosses2022-03-3113288527core:ShareCapital2021-03-2313288527core:RetainedEarningsAccumulatedLosses2021-03-2313288527bus:Director12021-03-242022-03-3113288527core:RetainedEarningsAccumulatedLosses2021-03-242022-03-3113288527core:ShareCapital2021-03-242022-03-31132885272021-03-2313288527core:WithinOneYear2022-03-3113288527core:CurrentFinancialInstruments2022-03-3113288527bus:PrivateLimitedCompanyLtd2021-03-242022-03-3113288527bus:SmallCompaniesRegimeForAccounts2021-03-242022-03-3113288527bus:FRS1022021-03-242022-03-3113288527bus:AuditExemptWithAccountantsReport2021-03-242022-03-3113288527bus:Director22021-03-242022-03-3113288527bus:FullAccounts2021-03-242022-03-31xbrli:purexbrli:sharesiso4217:GBP