Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12262809 Miss Katie Keating iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12262809 2022-10-31 12262809 2023-10-31 12262809 2022-11-01 2023-10-31 12262809 frs-core:CurrentFinancialInstruments 2023-10-31 12262809 frs-core:Non-currentFinancialInstruments 2023-10-31 12262809 frs-core:FurnitureFittings 2023-10-31 12262809 frs-core:FurnitureFittings 2022-11-01 2023-10-31 12262809 frs-core:FurnitureFittings 2022-10-31 12262809 frs-core:ShareCapital 2023-10-31 12262809 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12262809 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12262809 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12262809 frs-bus:SmallEntities 2022-11-01 2023-10-31 12262809 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12262809 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12262809 frs-bus:Director1 2022-11-01 2023-10-31 12262809 frs-countries:EnglandWales 2022-11-01 2023-10-31 12262809 2021-10-31 12262809 2022-10-31 12262809 2021-11-01 2022-10-31 12262809 frs-core:CurrentFinancialInstruments 2022-10-31 12262809 frs-core:Non-currentFinancialInstruments 2022-10-31 12262809 frs-core:ShareCapital 2022-10-31 12262809 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12262809
Create Business Limited
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12262809
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 546 683
Investment Properties 5 471,686 471,686
472,232 472,369
CURRENT ASSETS
Cash at bank and in hand 5,922 7,611
5,922 7,611
Creditors: Amounts Falling Due Within One Year 6 (151,609 ) (155,055 )
NET CURRENT ASSETS (LIABILITIES) (145,687 ) (147,444 )
TOTAL ASSETS LESS CURRENT LIABILITIES 326,545 324,925
Creditors: Amounts Falling Due After More Than One Year 7 (323,610 ) (323,610 )
NET ASSETS 2,935 1,315
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,835 1,215
SHAREHOLDERS' FUNDS 2,935 1,315
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Katie Keating
Director
19 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Create Business Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12262809 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 1 (2022: 1)
1 1
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 1,102
As at 31 October 2023 1,102
Depreciation
As at 1 November 2022 419
Provided during the period 137
As at 31 October 2023 556
Net Book Value
As at 31 October 2023 546
As at 1 November 2022 683
5. Investment Property
2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 471,686
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 150,493 154,677
Taxation and social security 1,116 378
151,609 155,055
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 323,610 323,610
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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