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REGISTERED NUMBER: 14079177 (England and Wales)


















Unaudited Financial Statements

for the Period 29 April 2022 to 31 December 2022

for

Creda Ltd

Creda Ltd (Registered number: 14079177)






Contents of the Financial Statements
for the Period 29 April 2022 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Creda Ltd

Company Information
for the Period 29 April 2022 to 31 December 2022







DIRECTOR: Mr A Gardiner





REGISTERED OFFICE: St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH





REGISTERED NUMBER: 14079177 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Creda Ltd (Registered number: 14079177)

Balance Sheet
31 December 2022

Notes £    £   
FIXED ASSETS
Intangible assets 4 1,549,587

CURRENT ASSETS
Debtors 5 890
Cash at bank 105,223
106,113
CREDITORS
Amounts falling due within one year 6 1,674,535
NET CURRENT LIABILITIES (1,568,422 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,835

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (18,935 )
(18,835 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 11 October 2023 and were signed by:





Mr A Gardiner - Director


Creda Ltd (Registered number: 14079177)

Notes to the Financial Statements
for the Period 29 April 2022 to 31 December 2022

1. STATUTORY INFORMATION

Creda 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.

Intangible assets
The intangible asset owed by the company is a registered trade mark.

The trade mark was not brought into use until after the year end. The asset has therefore not been amortised in the current accounting period.

Taxation
Taxation for the period 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 period 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Creda Ltd (Registered number: 14079177)

Notes to the Financial Statements - continued
for the Period 29 April 2022 to 31 December 2022

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,549,587
At 31 December 2022 1,549,587
NET BOOK VALUE
At 31 December 2022 1,549,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,448,112
Other creditors 226,423
1,674,535

7. RELATED PARTY DISCLOSURES

In the year, the company received financing loans from a connected person totalling £203,763 that was not subject to interest.