IRIS Accounts Production v23.4.0.336 13520859 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135208592022-07-31135208592023-07-31135208592022-08-012023-07-31135208592021-07-19135208592021-07-202022-07-31135208592022-07-3113520859ns15:EnglandWales2022-08-012023-07-3113520859ns14:PoundSterling2022-08-012023-07-3113520859ns10:Director12022-08-012023-07-3113520859ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3113520859ns10:SmallEntities2022-08-012023-07-3113520859ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3113520859ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3113520859ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3113520859ns10:FullAccounts2022-08-012023-07-3113520859ns10:RegisteredOffice2022-08-012023-07-3113520859ns5:CurrentFinancialInstruments2023-07-3113520859ns5:CurrentFinancialInstruments2022-07-3113520859ns5:ShareCapital2023-07-3113520859ns5:ShareCapital2022-07-3113520859ns5:RetainedEarningsAccumulatedLosses2023-07-3113520859ns5:RetainedEarningsAccumulatedLosses2022-07-3113520859ns5:PlantMachinery2022-07-3113520859ns5:PlantMachinery2022-08-012023-07-3113520859ns5:PlantMachinery2023-07-3113520859ns5:PlantMachinery2022-07-3113520859ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3113520859ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 13520859 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

CREALITY ONE LIMITED

CREALITY ONE LIMITED (REGISTERED NUMBER: 13520859)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CREALITY ONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Y Zeng





REGISTERED OFFICE: 32B Barratts Grove
London
N18 8AJ





REGISTERED NUMBER: 13520859 (England and Wales)





ACCOUNTANTS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

CREALITY ONE LIMITED (REGISTERED NUMBER: 13520859)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,383 1,844
Investment property 5 463,889 463,889
465,272 465,733

CURRENT ASSETS
Debtors 6 1,452 872
Cash at bank 11,545 29,265
12,997 30,137
CREDITORS
Amounts falling due within one year 7 444,564 479,962
NET CURRENT LIABILITIES (431,567 ) (449,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,705

15,908

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 33,704 15,907
SHAREHOLDERS' FUNDS 33,705 15,908

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 10 April 2024 and were signed by:





Y Zeng - Director


CREALITY ONE LIMITED (REGISTERED NUMBER: 13520859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Creality One 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is held at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

CREALITY ONE LIMITED (REGISTERED NUMBER: 13520859)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 2,306
DEPRECIATION
At 1 August 2022 462
Charge for year 461
At 31 July 2023 923
NET BOOK VALUE
At 31 July 2023 1,383
At 31 July 2022 1,844

5. INVESTMENT PROPERTY

Investment property is held at cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,452 872

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,282 3,299
Other creditors 440,282 476,663
444,564 479,962

8. RELATED PARTY DISCLOSURES

The director provided a loan to the company in the sum of £430,100.This loan bears no interest and is repayable on demand.The amount owed as at 31 July 2023 was £430,100(2022: £460,100).The loan amount is included in other creditors repayable within one year.

During the period, the company repaid a loan from parent undertaking in the sum of £8,499.The amount owed as at 31 July 2023 was Nil (2022: £8,499).

9. ULTIMATE CONTROLLING PARTY

The controlling party is Creality Limited.