Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28222022-03-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08400709 2022-03-01 2023-02-28 08400709 2021-03-01 2022-02-28 08400709 2023-02-28 08400709 2022-02-28 08400709 c:Director1 2022-03-01 2023-02-28 08400709 d:CurrentFinancialInstruments 2023-02-28 08400709 d:CurrentFinancialInstruments 2022-02-28 08400709 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 08400709 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 08400709 d:ShareCapital 2023-02-28 08400709 d:ShareCapital 2022-02-28 08400709 d:RetainedEarningsAccumulatedLosses 2023-02-28 08400709 d:RetainedEarningsAccumulatedLosses 2022-02-28 08400709 c:FRS102 2022-03-01 2023-02-28 08400709 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 08400709 c:FullAccounts 2022-03-01 2023-02-28 08400709 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08400709 2 2022-03-01 2023-02-28 08400709 6 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Registered number: 08400709









CREATE PROPERTY LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
CREATE PROPERTY LTD
REGISTERED NUMBER: 08400709

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1
1

Current assets
  

Debtors: amounts falling due within one year
 5 
162,031
158,661

Cash at bank and in hand
  
131,316
134,480

  
293,347
293,141

Creditors: amounts falling due within one year
 6 
(191,285)
(189,090)

Net current assets
  
 
 
102,062
 
 
104,051

Total assets less current liabilities
  
102,063
104,052

  

Net assets
  
102,063
104,052


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
102,061
104,050

  
102,063
104,052


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2023.



J P Cage
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
CREATE PROPERTY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Create Property Limited is a private company limited by shares in England and Wales under the Companies Act 2006. The address of its registered office is 25 Church Close, South Walsham, Norwich, Norfolk, NR13 6DW. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
CREATE PROPERTY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 3

 
CREATE PROPERTY LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 March 2022
1



At 28 February 2023
1





5.


Debtors

2023
2022
£
£


Other debtors
162,031
158,661



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
75
-

Amounts owed to associates
184,606
183,150

Corporation tax
1,322
1,136

Other taxation and social security
3,982
3,604

Accruals and deferred income
1,300
1,200

191,285
189,090



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £3,514 (2022 - £1,486) . Contributions totalling £nil (2022 - £nil) were payable to the fund at the balance sheet date and are included in creditors.


Page 4