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REGISTERED NUMBER: 05288526 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Create Wealth Management Ltd

Create Wealth Management Ltd (Registered number: 05288526)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Create Wealth Management Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P Davies
S A Ng





REGISTERED OFFICE: The Estates Office
25-26 Gold Tops
Newport
NP20 4PG





REGISTERED NUMBER: 05288526 (England and Wales)





ACCOUNTANTS: Austin Accountancy Services Ltd
15 Manor Park
Ham Lane
Llantwit Major
Vale of Glamorgan
CF61 1RS

Create Wealth Management Ltd (Registered number: 05288526)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,050 5,551

CURRENT ASSETS
Debtors 5 3,246 5,353
Investments 6 26,908 26,662
Cash at bank 425,326 380,426
455,480 412,441
CREDITORS
Amounts falling due within one year 7 74,073 75,411
NET CURRENT ASSETS 381,407 337,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,457

342,581

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 386,451 342,575
SHAREHOLDERS' FUNDS 386,457 342,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Create Wealth Management Ltd (Registered number: 05288526)

Balance Sheet - continued
30 November 2023


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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:




S A Ng - Director



P Davies - Director


Create Wealth Management Ltd (Registered number: 05288526)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Create Wealth Management Ltd 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 - 25% on reducing balance and 15% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Create Wealth Management Ltd (Registered number: 05288526)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 30,917
Additions 899
At 30 November 2023 31,816
DEPRECIATION
At 1 December 2022 25,366
Charge for year 1,400
At 30 November 2023 26,766
NET BOOK VALUE
At 30 November 2023 5,050
At 30 November 2022 5,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 3,246 5,353

6. CURRENT ASSET INVESTMENTS
30.11.23 30.11.22
£    £   
Listed investments 26,908 26,662

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 351 1,186
Taxation and social security 71,371 71,490
Other creditors 2,351 2,735
74,073 75,411