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REGISTERED NUMBER: 03475672 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

CRETIAN LIMITED

CRETIAN LIMITED (REGISTERED NUMBER: 03475672)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRETIAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: S J C Scutt
Mrs H R Scutt





SECRETARY: Mrs H R Scutt





REGISTERED OFFICE: Stradbroke Cottage
Homington Road
Coombe Bissett
Salisbury
SP5 4LY





REGISTERED NUMBER: 03475672 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

CRETIAN LIMITED (REGISTERED NUMBER: 03475672)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 189 284
Investments 5 140,548 115,620
Investment property 6 327,381 327,381
468,118 443,285

CURRENT ASSETS
Debtors 7 - 5,855
Cash at bank 30,001 21,387
30,001 27,242
CREDITORS
Amounts falling due within one year 8 12,384 12,657
NET CURRENT ASSETS 17,617 14,585
TOTAL ASSETS LESS CURRENT LIABILITIES 485,735 457,870

PROVISIONS FOR LIABILITIES 27,516 27,516
NET ASSETS 458,219 430,354

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 110,880 95,940
Retained earnings 10 347,239 334,314
SHAREHOLDERS' FUNDS 458,219 430,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

CRETIAN LIMITED (REGISTERED NUMBER: 03475672)

BALANCE SHEET - continued
31 MARCH 2022


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





S J C Scutt - Director


CRETIAN LIMITED (REGISTERED NUMBER: 03475672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Cretian Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

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.

CRETIAN LIMITED (REGISTERED NUMBER: 03475672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued

Investment properties
In accordance with the FRS102, because the land and buildings shown in the Balance Sheet are investment properties, no depreciation has been provided. Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to the fair value reserve.

Fixed asset investments
Listed investments are recorded at market value. Any aggregate surplus or deficit arising from changes in market value is transferred to the fair value reserve.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 2,930
DEPRECIATION
At 1 April 2021 2,646
Charge for year 95
At 31 March 2022 2,741
NET BOOK VALUE
At 31 March 2022 189
At 31 March 2021 284

CRETIAN LIMITED (REGISTERED NUMBER: 03475672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2021 115,620
Additions 19,986
Disposals (9,998 )
Revaluations 14,940
At 31 March 2022 140,548
NET BOOK VALUE
At 31 March 2022 140,548
At 31 March 2021 115,620

Cost or valuation at 31 March 2022 is represented by:

Other
investments
£   
Valuation in 2022 (6,424 )
Cost 146,972
140,548

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 327,381
NET BOOK VALUE
At 31 March 2022 327,381
At 31 March 2021 327,381

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2012 327,381

CRETIAN LIMITED (REGISTERED NUMBER: 03475672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


6. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 182,560 182,560

The investment properties were valued on an open market basis on 31 March 2012 by S J C Scutt FRICS .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 5,280
Other debtors - 575
- 5,855

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 4,054 2,651
Other creditors 8,330 10,006
12,384 12,657

9. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
98 Ordinary C £1 98 98
100 100

CRETIAN LIMITED (REGISTERED NUMBER: 03475672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2021 334,314 95,940 430,254
Profit for the year 27,865 27,865
Transfers (14,940 ) 14,940 -
At 31 March 2022 347,239 110,880 458,119

Fair value reserve
This reserve is used to record gains in the fair value of investment properties and fixed asset investments together with losses to the extent that such a loss relates to a previous gain on the same asset. It is also used to record the corresponding deferred tax (charge)/credit on fair value changes in investment property.

11. RELATED PARTY DISCLOSURES

Creditors due within one year include £112 (2021 - £1,398) which is owed to the directors.