2020-12-012021-12-312021-12-31false12313935CRED Investments UK Limited2022-08-30iso4217:GBPxbrli:pure123139352020-12-01123139352021-12-31123139352020-12-012021-12-31123139352019-11-13123139352020-11-30123139352019-11-132020-11-3012313935bus:SmallEntities2020-12-012021-12-3112313935bus:AuditExempt-NoAccountantsReport2020-12-012021-12-3112313935bus:FullAccounts2020-12-012021-12-3112313935bus:PrivateLimitedCompanyLtd2020-12-012021-12-3112313935core:WithinOneYear2021-12-3112313935core:AfterOneYear2021-12-3112313935core:WithinOneYear2020-11-3012313935core:AfterOneYear2020-11-3012313935core:ShareCapital2021-12-3112313935core:SharePremium2021-12-3112313935core:RevaluationReserve2021-12-3112313935core:OtherReservesSubtotal2021-12-3112313935core:RetainedEarningsAccumulatedLosses2021-12-3112313935core:ShareCapital2020-11-3012313935core:SharePremium2020-11-3012313935core:RevaluationReserve2020-11-3012313935core:OtherReservesSubtotal2020-11-3012313935core:RetainedEarningsAccumulatedLosses2020-11-3012313935core:LandBuildings2021-12-3112313935core:PlantMachinery2021-12-3112313935core:Vehicles2021-12-3112313935core:FurnitureFittings2021-12-3112313935core:OfficeEquipment2021-12-3112313935core:NetGoodwill2021-12-3112313935core:IntangibleAssetsOtherThanGoodwill2021-12-3112313935core:ListedExchangeTraded2021-12-3112313935core:UnlistedNon-exchangeTraded2021-12-3112313935core:LandBuildings2020-11-3012313935core:PlantMachinery2020-11-3012313935core:Vehicles2020-11-3012313935core:FurnitureFittings2020-11-3012313935core:OfficeEquipment2020-11-3012313935core:NetGoodwill2020-11-3012313935core:IntangibleAssetsOtherThanGoodwill2020-11-3012313935core:ListedExchangeTraded2020-11-3012313935core:UnlistedNon-exchangeTraded2020-11-3012313935core:LandBuildings2020-12-012021-12-3112313935core:PlantMachinery2020-12-012021-12-3112313935core:Vehicles2020-12-012021-12-3112313935core:FurnitureFittings2020-12-012021-12-3112313935core:OfficeEquipment2020-12-012021-12-3112313935core:NetGoodwill2020-12-012021-12-3112313935core:IntangibleAssetsOtherThanGoodwill2020-12-012021-12-3112313935core:ListedExchangeTraded2020-12-012021-12-3112313935core:UnlistedNon-exchangeTraded2020-12-012021-12-3112313935core:MoreThanFiveYears2020-12-012021-12-3112313935core:Non-currentFinancialInstruments2021-12-3112313935core:Non-currentFinancialInstruments2020-11-3012313935dpl:CostSales2020-12-012021-12-3112313935dpl:DistributionCosts2020-12-012021-12-3112313935dpl:AdministrativeExpenses2020-12-012021-12-3112313935core:LandBuildings2020-12-012021-12-3112313935core:PlantMachinery2020-12-012021-12-3112313935core:Vehicles2020-12-012021-12-3112313935core:FurnitureFittings2020-12-012021-12-3112313935core:OfficeEquipment2020-12-012021-12-3112313935core:NetGoodwill2020-12-012021-12-3112313935core:IntangibleAssetsOtherThanGoodwill2020-12-012021-12-3112313935dpl:GroupUndertakings2020-12-012021-12-3112313935dpl:ParticipatingInterests2020-12-012021-12-3112313935dpl:GroupUndertakingscore:ListedExchangeTraded2020-12-012021-12-3112313935core:ListedExchangeTraded2020-12-012021-12-3112313935dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-12-012021-12-3112313935core:UnlistedNon-exchangeTraded2020-12-012021-12-3112313935dpl:CostSales2019-11-132020-11-3012313935dpl:DistributionCosts2019-11-132020-11-3012313935dpl:AdministrativeExpenses2019-11-132020-11-3012313935core:LandBuildings2019-11-132020-11-3012313935core:PlantMachinery2019-11-132020-11-3012313935core:Vehicles2019-11-132020-11-3012313935core:FurnitureFittings2019-11-132020-11-3012313935core:OfficeEquipment2019-11-132020-11-3012313935core:NetGoodwill2019-11-132020-11-3012313935core:IntangibleAssetsOtherThanGoodwill2019-11-132020-11-3012313935dpl:GroupUndertakings2019-11-132020-11-3012313935dpl:ParticipatingInterests2019-11-132020-11-3012313935dpl:GroupUndertakingscore:ListedExchangeTraded2019-11-132020-11-3012313935core:ListedExchangeTraded2019-11-132020-11-3012313935dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-11-132020-11-3012313935core:UnlistedNon-exchangeTraded2019-11-132020-11-3012313935core:NetGoodwill2021-12-3112313935core:IntangibleAssetsOtherThanGoodwill2021-12-3112313935core:LandBuildings2021-12-3112313935core:PlantMachinery2021-12-3112313935core:Vehicles2021-12-3112313935core:FurnitureFittings2021-12-3112313935core:OfficeEquipment2021-12-3112313935core:AfterOneYear2021-12-3112313935core:WithinOneYear2021-12-3112313935core:ListedExchangeTraded2021-12-3112313935core:UnlistedNon-exchangeTraded2021-12-3112313935core:ShareCapital2021-12-3112313935core:SharePremium2021-12-3112313935core:RevaluationReserve2021-12-3112313935core:OtherReservesSubtotal2021-12-3112313935core:RetainedEarningsAccumulatedLosses2021-12-3112313935core:NetGoodwill2020-11-3012313935core:IntangibleAssetsOtherThanGoodwill2020-11-3012313935core:LandBuildings2020-11-3012313935core:PlantMachinery2020-11-3012313935core:Vehicles2020-11-3012313935core:FurnitureFittings2020-11-3012313935core:OfficeEquipment2020-11-3012313935core:AfterOneYear2020-11-3012313935core:WithinOneYear2020-11-3012313935core:ListedExchangeTraded2020-11-3012313935core:UnlistedNon-exchangeTraded2020-11-3012313935core:ShareCapital2020-11-3012313935core:SharePremium2020-11-3012313935core:RevaluationReserve2020-11-3012313935core:OtherReservesSubtotal2020-11-3012313935core:RetainedEarningsAccumulatedLosses2020-11-3012313935core:NetGoodwill2019-11-1312313935core:IntangibleAssetsOtherThanGoodwill2019-11-1312313935core:LandBuildings2019-11-1312313935core:PlantMachinery2019-11-1312313935core:Vehicles2019-11-1312313935core:FurnitureFittings2019-11-1312313935core:OfficeEquipment2019-11-1312313935core:AfterOneYear2019-11-1312313935core:WithinOneYear2019-11-1312313935core:ListedExchangeTraded2019-11-1312313935core:UnlistedNon-exchangeTraded2019-11-1312313935core:ShareCapital2019-11-1312313935core:SharePremium2019-11-1312313935core:RevaluationReserve2019-11-1312313935core:OtherReservesSubtotal2019-11-1312313935core:RetainedEarningsAccumulatedLosses2019-11-1312313935core:AfterOneYear2020-12-012021-12-3112313935core:WithinOneYear2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:CostValuation2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-12-012021-12-3112313935core:Non-currentFinancialInstrumentscore:CostValuation2021-12-3112313935core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-12-3112313935core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-12-3112313935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-12-3112313935core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-12-3112313935core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-12-3112313935core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-12-3112313935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-12-3112313935core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-12-3112313935core:Non-currentFinancialInstrumentscore:CostValuation2020-11-3012313935core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2020-11-3012313935core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2020-11-3012313935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2020-11-3012313935core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2020-11-3012313935core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2020-11-3012313935core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2020-11-3012313935core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2020-11-3012313935core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2020-11-3012313935bus:Director12020-12-012021-12-31

CRED Investments UK Limited

Registered Number
12313935
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2021

CRED Investments UK Limited
Company Information
for the period from 1 December 2020 to 31 December 2021

Directors

J S R CARR-HARRIS

Registered Address

71-75 Shelton St
London
WC2H 9JQ

Registered Number

12313935 (England and Wales)
CRED Investments UK Limited
Statement of Financial Position
31 December 2021

Notes

31 Dec 2021

30 Nov 2020

£

£

£

£

Fixed assets
Tangible assets87,47710,555
7,47710,555
Current assets
Debtors10972,92811,270
Cash at bank and on hand72,137107,029
1,045,065118,299
Creditors amounts falling due within one year11(236,512)(22,969)
Net current assets (liabilities)808,55395,330
Total assets less current liabilities816,030105,885
Creditors amounts falling due after one year12(1,642,814)(1,159,300)
Net assets(826,784)(1,053,415)
Capital and reserves
Called up share capital8080
Profit and loss account(826,864)(1,053,495)
Shareholders' funds(826,784)(1,053,415)
The financial statements were approved and authorised for issue by the Director on 30 August 2022, and are signed on its behalf by:
J S R CARR-HARRIS
Director
Registered Company No. 12313935
CRED Investments UK Limited
Notes to the Financial Statements
for the period ended 31 December 2021

1.Statutory information
Cred Investments UK Limited is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
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.
3.Principal activities
The principal activity of the company is providing intermediary financial services.
4.Smallest group in which results are consolidated
The immediate parent company is Cred Investments Holdings Limited, a company incorporated in the UK with its registered offices situated at 71-75 Shelton Street, London, United Kingdom, WC2H 9JQ.
5.Accounting policies
Functional and presentation currency policy
The presentation currency of the financial statements is the Pound Sterling (£).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The balance sheet is credited with the value of invoiced sales, as deferred income, which is then amortised to revenue over the period of the contract. At the balance sheet date, the carrying value of deferred income reflects the total value of invoiced sales which has not yet been recognised as revenue.
Property, plant and equipment policy
Tangible assets are stated at cost (or deemed cost), less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Straight line (years)
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Taxation for the year comprises current 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 taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the statement of financial position date.
Foreign currency translation and operations policy
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each reporting period end foreign currency monetary items are translated using the closing rate. Non monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the income statement.
Leases policy
Rentals paid under operating leases are charged to income statement on a straight line basis over the period of the lease.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Valuation of financial instruments policy
The Company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out right short term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk to changes in value.
Going concern
The financial statements have been prepared on the going concern basis. The director has a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. The director is therefore of the opinion that he should adopt the going concern basis of accounting in preparing the annual financial statements. The directors have considered the impact of the COVID 19 pandemic on the activities of the business and do not consider that this will materially impact the ability of the company to trade profitably in future.
6.Critical estimates and judgements
There are no significant judgements or estimates applied to the numbers contained within these financial statements.
7.Employee information

20212020
Average number of employees during the year4-
8.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 December 2012,17512,175
Additions1,9151,915
At 31 December 2114,09014,090
Depreciation and impairment
At 01 December 201,6201,620
Charge for year4,9934,993
At 31 December 216,6136,613
Net book value
At 31 December 217,4777,477
At 30 November 2010,55510,555
9.Description of nature of transactions and balances with related parties
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other companies within the group.
10.Debtors

2021

2020

££
Other debtors134,05411,270
Prepayments and accrued income838,874-
Total972,92811,270
11.Creditors within one year

2021

2020

££
Trade creditors / trade payables77,40020,969
Other creditors733-
Accrued liabilities and deferred income158,3792,000
Total236,51222,969
12.Creditors after one year

2021

2020

££
Amounts owed to related parties1,642,8141,159,300
Total1,642,8141,159,300