Registration number:
THECREATIVELANDLORD LIMITED
for the Year Ended 30 June 2023
THECREATIVELANDLORD LIMITED
Contents
Company Information |
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Director's Report |
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Accountants' Report |
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Abridged Profit and Loss Account |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Abridged Financial Statements |
THECREATIVELANDLORD LIMITED
Company Information
Director |
Mr David Edgar |
Registered office |
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Accountants |
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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:
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
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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.
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Chartered Certified
Low Plains Court
Calthwaite
Cumbria
CA11 9RQ
THECREATIVELANDLORD LIMITED
Abridged Profit and Loss Account for the Year Ended 30 June 2023
Note |
2023 |
2022 |
|
Gross profit |
- |
|
|
Administrative expenses |
( |
( |
|
Interest payable and similar expenses |
- |
( |
|
Loss before tax |
( |
( |
|
Loss for the financial year |
( |
( |
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 |
( |
( |
Total comprehensive income for the year |
( |
( |
THECREATIVELANDLORD LIMITED
(Registration number: 12054883)
Abridged Balance Sheet as at 30 June 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Tangible assets |
- |
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Current assets |
|||
Cash at bank and in hand |
|
|
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Total assets less current liabilities |
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|
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
|||
Called up share capital |
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:
• |
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• |
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
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THECREATIVELANDLORD LIMITED
Statement of Changes in Equity for the Year Ended 30 June 2023
Share capital |
Retained earnings |
Total |
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At 1 July 2022 |
|
( |
( |
Loss for the year |
- |
( |
( |
At 30 June 2023 |
|
( |
( |
Share capital |
Retained earnings |
Total |
|
At 1 July 2021 |
|
( |
( |
Loss for the year |
- |
( |
( |
At 30 June 2022 |
|
( |
( |
THECREATIVELANDLORD LIMITED
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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:
Depreciation rates
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Loss before tax |
Arrived at after charging/(crediting)
2023 |
2022 |
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Depreciation expense |
- |
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THECREATIVELANDLORD LIMITED
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2023
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
|||
At 1 July 2022 |
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|
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Disposals |
( |
( |
( |
At 30 June 2023 |
- |
- |
- |
Depreciation |
|||
At 1 July 2022 |
- |
|
|
Eliminated on disposal |
- |
( |
( |
At 30 June 2023 |
- |
- |
- |
Carrying amount |
|||
At 30 June 2023 |
- |
- |
- |
At 30 June 2022 |
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|
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Included within the net book value of land and buildings above is £Nil (2022 - £115,000) in respect of freehold land and buildings.
Debtors |
Debtors includes £Nil (2022 - £Nil) due after more than one year.
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
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|
|
4 |
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4 |