CREDITO PLC

Company Registration Number:
12929383 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 November 2021

End date: 31 December 2022

CREDITO PLC

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CREDITO PLC

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

CREDITO IS A FINTECH DIGITAL COLLECTIONS PLATFORM PROVIDING GLOBAL DEBT RECOVERY WITH A LITIGATION BACKED RECOVERY STRATEGY.



Directors

The directors shown below have held office during the whole of the period from
1 November 2021 to 31 December 2022

KHURRAM SALEEM MIAN
PRAVEEN VISWANTHAN NAIR
IFTEKHAR AHMED REHMAN
NABIL ALI MUKHTAR ALYOUSUF


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 October 2023

And signed on behalf of the board by:
Name: KHURRAM SALEEM MIAN
Status: Director

CREDITO PLC

Profit And Loss Account

for the Period Ended 31 December 2022

14 months to 31 December 2022 13 months to 31 October 2021


£

£
Turnover: 12,892 0
Gross profit(or loss): 12,892 0
Administrative expenses: ( 26,815 )
Operating profit(or loss): (13,923) 0
Profit(or loss) before tax: (13,923) 0
Profit(or loss) for the financial year: (13,923) 0

CREDITO PLC

Balance sheet

As at 31 December 2022

Notes 14 months to 31 December 2022 13 months to 31 October 2021


£

£
Called up share capital not paid: 0 0
Current assets
Debtors: 3 100
Cash at bank and in hand: 16,554
Total current assets: 16,554 100
Net current assets (liabilities): 16,554 100
Total assets less current liabilities: 16,554 100
Creditors: amounts falling due after more than one year: 4 ( 30,377 )
Total net assets (liabilities): (13,823) 100
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (13,923 )
Total Shareholders' funds: ( 13,823 ) 100

The notes form part of these financial statements

CREDITO PLC

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 October 2023
and signed on behalf of the board by:

Name: KHURRAM SALEEM MIAN
Status: Director

The notes form part of these financial statements

CREDITO PLC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CREDITO PLC

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    14 months to 31 December 2022 13 months to 31 October 2021
    Average number of employees during the period 4 4

CREDITO PLC

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Debtors

14 months to 31 December 2022 13 months to 31 October 2021
£ £
Trade debtors 100
Total   100

CREDITO PLC

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Creditors: amounts falling due after more than one year note

14 months to 31 December 2022
£
Other creditors 30,377
Total 30,377