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Registration number: 12054883

THECREATIVELANDLORD LIMITED

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 June 2023

 

THECREATIVELANDLORD LIMITED

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

THECREATIVELANDLORD LIMITED

Company Information

Director

Mr David Edgar

Registered office

6 Fairview Drive
Consett
DH8 6QX

Accountants

SM Accountancy
Chartered Certified
Willow Barn
Low Pla‌ins Court
Calthwaite
Cumbria
CA11 9RQ

 

THECREATIVELANDLORD LIMITED

Director's Report for the Year Ended 30 June 2023

The director presents his report and the abridged financial statements for the year ended 30 June 2023.

Director of the company

The director who held office during the year was as follows:

Mr David Edgar

Principal activity

The principal activity of the company is Rental Property

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 February 2024
 

.........................................
Mr David Edgar
Director

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
THECREATIVELANDLORD LIMITED
for the Year Ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THECREATIVELANDLORD LIMITED for the year ended 30 June 2023 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of THECREATIVELANDLORD LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of THECREATIVELANDLORD LIMITED and state those matters that we have agreed to state to the Board of Directors of THECREATIVELANDLORD LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THECREATIVELANDLORD LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that THECREATIVELANDLORD LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of THECREATIVELANDLORD LIMITED. You consider that THECREATIVELANDLORD LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of THECREATIVELANDLORD LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

SM Accountancy
Chartered Certified
Willow Barn
Low Pla‌ins Court
Calthwaite
Cumbria
CA11 9RQ

13 February 2024

 

THECREATIVELANDLORD LIMITED

Abridged Profit and Loss Account for the Year Ended 30 June 2023

Note

2023
£

2022
£

Gross profit

 

-

2,645

Administrative expenses

 

(1,722)

(14,789)

Interest payable and similar expenses

 

-

(1,541)

Loss before tax

4

(1,722)

(13,685)

Loss for the financial year

 

(1,722)

(13,685)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

THECREATIVELANDLORD LIMITED

Statement of Comprehensive Income for the Year Ended 30 June 2023

2023
£

2022
£

Loss for the year

(1,722)

(13,685)

Total comprehensive income for the year

(1,722)

(13,685)

 

THECREATIVELANDLORD LIMITED

(Registration number: 12054883)
Abridged Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

-

134,927

Current assets

 

Cash at bank and in hand

 

2,186

657

Total assets less current liabilities

 

2,186

135,584

Creditors: Amounts falling due after more than one year

(36,406)

(168,082)

Net liabilities

 

(34,220)

(32,498)

Capital and reserves

 

Called up share capital

7

4

4

Retained earnings

(34,224)

(32,502)

Shareholders' deficit

 

(34,220)

(32,498)

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 13 February 2024
 

.........................................
Mr David Edgar
Director

 

THECREATIVELANDLORD LIMITED

Statement of Changes in Equity for the Year Ended 30 June 2023

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

4

(32,502)

(32,498)

Loss for the year

-

(1,722)

(1,722)

At 30 June 2023

4

(34,224)

(34,220)

Share capital
£

Retained earnings
£

Total
£

At 1 July 2021

4

(18,817)

(18,813)

Loss for the year

-

(13,685)

(13,685)

At 30 June 2022

4

(32,502)

(32,498)

 

THECREATIVELANDLORD LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Fairview Drive
Consett
DH8 6QX

These financial statements were authorised for issue by the director on 13 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

THECREATIVELANDLORD LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2022 - 1).

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

-

2,415

 

THECREATIVELANDLORD LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2022

115,000

24,148

139,148

Disposals

(115,000)

(24,148)

(139,148)

At 30 June 2023

-

-

-

Depreciation

At 1 July 2022

-

4,221

4,221

Eliminated on disposal

-

(4,221)

(4,221)

At 30 June 2023

-

-

-

Carrying amount

At 30 June 2023

-

-

-

At 30 June 2022

115,000

19,927

134,927

Included within the net book value of land and buildings above is £Nil (2022 - £115,000) in respect of freehold land and buildings.
 

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

4

4

4

4