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Company Registration No. 12262809 (England and Wales)
Create Business Limited Unaudited accounts for the year ended 31 October 2022
Create Business Limited Unaudited accounts Contents
Page
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Create Business Limited Company Information for the year ended 31 October 2022
Director
K E Keating
Company Number
12262809 (England and Wales)
Registered Office
27 Spurgate Hutton Brentwood Essex CM13 2JS
Accountants
Pro Tax Accounting The Colchester Centre Hawkins Road Colchester Essex CO2 8JX
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Create Business Limited Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
683 
854 
Investment property
471,686 
471,686 
472,369 
472,540 
Current assets
Cash at bank and in hand
7,611 
1,599 
Creditors: amounts falling due within one year
(155,055)
(155,535)
Net current liabilities
(147,444)
(153,936)
Total assets less current liabilities
324,925 
318,604 
Creditors: amounts falling due after more than one year
(323,610)
(323,610)
Net assets/(liabilities)
1,315 
(5,006)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,215 
(5,106)
Shareholders' funds
1,315 
(5,006)
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2023 and were signed on its behalf by
K E Keating Director Company Registration No. 12262809
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Create Business Limited Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
Create Business Limited is a private company, limited by shares, registered in England and Wales, registration number 12262809. The registered office is 27 Spurgate, Hutton, Brentwood, Essex, CM13 2JS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance basis
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Create Business Limited Notes to the Accounts for the year ended 31 October 2022
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2021
1,102 
At 31 October 2022
1,102 
Depreciation
At 1 November 2021
248 
Charge for the year
171 
At 31 October 2022
419 
Net book value
At 31 October 2022
683 
At 31 October 2021
854 
5
Investment property
2022 
£ 
Fair value at 1 November 2021
471,686 
At 31 October 2022
471,686 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
378 
- 
Loans from directors
154,377 
155,235 
Accruals
300 
300 
155,055 
155,535 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
323,610 
323,610 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
60 Ordinary A shares of £1 each
60 
60 
40 Ordinary B shares of £1 each
40 
40 
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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