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REGISTERED NUMBER: 08673178 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

THE CREATIVE DISTRICT COMPANY LIMITED

THE CREATIVE DISTRICT COMPANY LIMITED (REGISTERED NUMBER: 08673178)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CREATIVE DISTRICT COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: Mr J G J Rainbird





SECRETARY: ADJ Business Solutions Limited





REGISTERED OFFICE: 10 Coldbath Square
London
EC1R 5HL





REGISTERED NUMBER: 08673178 (England and Wales)





ACCOUNTANTS: ADJ Business Solutions Limited
10 Coldbath Square
London
EC1R 5HL

THE CREATIVE DISTRICT COMPANY LIMITED (REGISTERED NUMBER: 08673178)

BALANCE SHEET
31 December 2022

31.12.22 31.12.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 932 980
Investments 5 - 100
932 1,080

CURRENT ASSETS
Debtors 6 - 76,700
Cash at bank 4,150 938
4,150 77,638
CREDITORS
Amounts falling due within one year 7 (110,485 ) (222,552 )
NET CURRENT LIABILITIES (106,335 ) (144,914 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(105,403

)

(143,834

)

CREDITORS
Amounts falling due after more than one year 8 (42,083 ) (45,000 )
NET LIABILITIES (147,486 ) (188,834 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (147,586 ) (188,934 )
(147,486 ) (188,834 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 CREATIVE DISTRICT COMPANY LIMITED (REGISTERED NUMBER: 08673178)

BALANCE SHEET - continued
31 December 2022


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 15 August 2024 and were signed by:





Mr J G J Rainbird - Director


THE CREATIVE DISTRICT COMPANY LIMITED (REGISTERED NUMBER: 08673178)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

The Creative District Company 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.

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.
Plant and machinery etc - 33% on cost and 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

THE CREATIVE DISTRICT COMPANY LIMITED (REGISTERED NUMBER: 08673178)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued

Going concern
At the balance sheet date the company had net liabilities of £147,486 (2021: £188,834). The director and shareholders have indicated that they will continue to support the company, and that this support will continue for at least twelve months from the date of approval.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 1,870
DEPRECIATION
At 1 January 2022 890
Charge for year 13
Impairments 35
At 31 December 2022 938
NET BOOK VALUE
At 31 December 2022 932
At 31 December 2021 980

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2022 100
Impairments (100 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 100

THE CREATIVE DISTRICT COMPANY LIMITED (REGISTERED NUMBER: 08673178)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors - 75,000
Amounts owed by related undertakings - 1,700
- 76,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 4,621 56,874
Amounts owed to related undertakings 13,826 10,906
Amounts owed to group undertakings - 56,874
Taxation and social security 6,829 11,317
Other creditors 80,209 81,581
110,485 222,552

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 42,083 45,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,083 25,000