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REGISTERED NUMBER: 05823005 (England and Wales)















CRIPPLE CREEK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






CRIPPLE CREEK LIMITED (REGISTERED NUMBER: 05823005)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


CRIPPLE CREEK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Mrs C Clode





SECRETARY: Mrs C Clode





REGISTERED OFFICE: 16 Lambourne Crescent,
Cardiff Business Park
Llanishen
Cardiff
South Glamorgan
CF14 5GF





REGISTERED NUMBER: 05823005 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF

CRIPPLE CREEK LIMITED (REGISTERED NUMBER: 05823005)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,000 32,500
Tangible assets 5 120,332 109,216
145,332 141,716

CURRENT ASSETS
Stocks 22,796 22,796
Debtors 6 4,831 41,400
Prepayments and accrued income 579 578
Cash at bank and in hand 3,425 11,263
31,631 76,037
CREDITORS
Amounts falling due within one year 7 230,421 188,813
NET CURRENT LIABILITIES (198,790 ) (112,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(53,458

)

28,940

CREDITORS
Amounts falling due after more than one
year

8

(48,883

)

(72,407

)

PROVISIONS FOR LIABILITIES 10 (13,251 ) (9,640 )
NET LIABILITIES (115,592 ) (53,107 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (115,692 ) (53,207 )
SHAREHOLDERS' FUNDS (115,592 ) (53,107 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

CRIPPLE CREEK LIMITED (REGISTERED NUMBER: 05823005)

BALANCE SHEET - continued
31ST MARCH 2023


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 18th October 2023 and were signed by:





Mrs C Clode - Director


CRIPPLE CREEK LIMITED (REGISTERED NUMBER: 05823005)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Cripple Creek 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill is stated at cost less amortisation, and is being amortised over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

CRIPPLE CREEK LIMITED (REGISTERED NUMBER: 05823005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 150,000
AMORTISATION
At 1st April 2022 117,500
Charge for year 7,500
At 31st March 2023 125,000
NET BOOK VALUE
At 31st March 2023 25,000
At 31st March 2022 32,500

CRIPPLE CREEK LIMITED (REGISTERED NUMBER: 05823005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 13,382 253,983 267,365
Additions - 68,229 68,229
Disposals - (33,500 ) (33,500 )
At 31st March 2023 13,382 288,712 302,094
DEPRECIATION
At 1st April 2022 7,061 151,088 158,149
Charge for year 632 28,006 28,638
Eliminated on disposal - (5,025 ) (5,025 )
At 31st March 2023 7,693 174,069 181,762
NET BOOK VALUE
At 31st March 2023 5,689 114,643 120,332
At 31st March 2022 6,321 102,895 109,216

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 33,810
DEPRECIATION
At 1st April 2022 8,453
Charge for year 8,452
At 31st March 2023 16,905
NET BOOK VALUE
At 31st March 2023 16,905
At 31st March 2022 25,357

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,831 41,400

CRIPPLE CREEK LIMITED (REGISTERED NUMBER: 05823005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,312 -
Finance leases (see note 9) 4,923 3,673
Trade creditors 103,516 85,137
Taxation and social security 55,388 39,358
Other creditors 65,282 60,645
230,421 188,813

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Finance leases (see note 9) 19,991 24,913
Other creditors 28,892 47,494
48,883 72,407

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2023 2022
£    £   
Net obligations repayable:
Within one year 4,923 3,673
Between one and five years 19,991 24,913
24,914 28,586

Non-cancellable operating leases
2023 2022
£    £   
Within one year 9,521 3,585

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 13,251 9,640

Deferred
tax
£   
Balance at 1st April 2022 9,640
Provided during year 3,611
Balance at 31st March 2023 13,251

CRIPPLE CREEK LIMITED (REGISTERED NUMBER: 05823005)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
Mrs C Clode
Balance outstanding at start of year 41,401 12,885
Amounts advanced - 56,920
Amounts repaid (36,571 ) (28,404 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,830 41,401

The amount due from the director is repayable on demand. Interest has been charged on the outstanding balance.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C Clode.

The ultimate controlling party is Mrs C Clode.

13. GOING CONCERN

The company has the support of it's shareholders until such time that the balance sheet is positive. Therefore, the going concern basis remains appropriate.