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REGISTERED NUMBER: 08798300 (England and Wales)















Financial Statements for the Year Ended 30 December 2021

for

Creative Works (UK) Ltd

Creative Works (UK) Ltd (Registered number: 08798300)






Contents of the Financial Statements
for the Year Ended 30 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Creative Works (UK) Ltd

Company Information
for the Year Ended 30 December 2021







DIRECTORS: J S Leeor
D G Potter





REGISTERED OFFICE: 77A, Princess Park Manor
Royal Drive
London
N11 3FN





REGISTERED NUMBER: 08798300 (England and Wales)





ACCOUNTANTS: Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE

Creative Works (UK) Ltd (Registered number: 08798300)

Statement of Financial Position
30 December 2021

30.12.21 30.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,394 19,343

CURRENT ASSETS
Stocks 206,000 161,500
Debtors 5 78,300 14,435
Cash at bank and in hand 133,536 235,891
417,836 411,826
CREDITORS
Amounts falling due within one year 6 188,002 183,373
NET CURRENT ASSETS 229,834 228,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,228

247,796

CREDITORS
Amounts falling due after more than one
year

7

(215,533

)

(244,000

)

PROVISIONS FOR LIABILITIES (3,675 ) (3,675 )
NET ASSETS 28,020 121

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 27,920 21
SHAREHOLDERS' FUNDS 28,020 121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2021 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.

Creative Works (UK) Ltd (Registered number: 08798300)

Statement of Financial Position - continued
30 December 2021


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 Statement of Income and Retained Earnings has not been delivered.

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





J S Leeor - Director


Creative Works (UK) Ltd (Registered number: 08798300)

Notes to the Financial Statements
for the Year Ended 30 December 2021

1. STATUTORY INFORMATION

Creative Works (UK) Ltd 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.

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 - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

Creative Works (UK) Ltd (Registered number: 08798300)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2020 78,006
Additions 11,401
At 30 December 2021 89,407
DEPRECIATION
At 31 December 2020 58,663
Charge for year 13,350
At 30 December 2021 72,013
NET BOOK VALUE
At 30 December 2021 17,394
At 30 December 2020 19,343

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.21 30.12.20
£    £   
Trade debtors 11,173 -
Other debtors 67,127 14,435
78,300 14,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.21 30.12.20
£    £   
Hire purchase contracts - 2,345
Trade creditors 22,609 710
Amounts owed to associates 144,997 144,997
Taxation and social security 817 20,416
Other creditors 19,579 14,905
188,002 183,373

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.21 30.12.20
£    £   
Bank loans 215,533 244,000

8. CALLED UP SHARE CAPITAL


Allotted and issued:
Number: Class: Nominal 30.12.21 30.12.20
value: £    £   
1 Share capital 1 £1 100 100

Creative Works (UK) Ltd (Registered number: 08798300)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2021

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £24 (2020 £8 debtor) due to a director. This loan is interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year the company has made various transactions with two associate companies, Citywise Direct Marketing Ltd and Rathbone Project Management (SW1 2012-13) Ltd.

Included in creditors is an amount of £63,660 owed to Rathbone Project Management (SW1 2012-13) Ltd, £81,337 is owed to Citywise Direct Marketing Ltd.

11. ULTIMATE CONTROLLING PARTY

The controlling party are the directors by virtue of their ownership of 100% of the issued equity share capital.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Creative Works (UK) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Creative Works (UK) Ltd for the year ended 30 December 2021 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Creative Works (UK) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Creative Works (UK) Ltd and state those matters that we have agreed to state to the Board of Directors of Creative Works (UK) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Creative Works (UK) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Creative Works (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Creative Works (UK) Ltd. You consider that Creative Works (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Creative Works (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


Date: .............................................