Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01No description of principal activity11truetruefalse 05341941 2023-01-01 2023-12-31 05341941 2022-01-01 2022-12-31 05341941 2023-12-31 05341941 2022-12-31 05341941 1 2023-01-01 2023-12-31 05341941 d:Director1 2023-01-01 2023-12-31 05341941 c:OfficeEquipment 2023-01-01 2023-12-31 05341941 c:OfficeEquipment 2023-12-31 05341941 c:OfficeEquipment 2022-12-31 05341941 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05341941 c:CurrentFinancialInstruments 2023-12-31 05341941 c:CurrentFinancialInstruments 2022-12-31 05341941 c:CurrentFinancialInstruments c:WithinOneYear 2023-12-31 05341941 c:CurrentFinancialInstruments c:WithinOneYear 2022-12-31 05341941 c:ShareCapital 2023-12-31 05341941 c:ShareCapital 2022-12-31 05341941 c:RetainedEarningsAccumulatedLosses 2023-12-31 05341941 c:RetainedEarningsAccumulatedLosses 2022-12-31 05341941 d:OrdinaryShareClass1 2023-01-01 2023-12-31 05341941 d:OrdinaryShareClass1 2023-12-31 05341941 d:OrdinaryShareClass1 2022-12-31 05341941 d:FRS102 2023-01-01 2023-12-31 05341941 d:Audited 2023-01-01 2023-12-31 05341941 d:FullAccounts 2023-01-01 2023-12-31 05341941 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05341941 d:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05341941 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05341941









CENTRE CREATIVE LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CENTRE CREATIVE LTD
REGISTERED NUMBER: 05341941

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
30

  
-
30

Current assets
  

Debtors: amounts falling due within one year
 5 
38,987
3,092

Cash at bank and in hand
  
18,221
51,081

  
57,208
54,173

Creditors: amounts falling due within one year
 6 
(8,090)
(8,852)

Net current assets
  
 
 
49,118
 
 
45,321

Total assets less current liabilities
  
49,118
45,351

  

Net assets
  
49,118
45,351


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
49,018
45,251

  
49,118
45,351


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




M Morishita
Director

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
CENTRE CREATIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The principle activity of Centre Creative Limited ("The Company") continues to be that of a website design agency.
The Company is a private company limited by shares incorporated in England and Wales.
The registered office is Unit B, Premier Park, Premier Park Road, London, United Kingdom, NW10 7NZ..

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The Company will cease to trade within 12 months from the date of signing of these financial statements. The financial statements have, therefore, been prepared on a basis other than going concern basis. The financial statements were prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland ("FRS 102") and the Companies Act 2006, and do not include any provision for the future costs of terminating the business except to the extent that costs were committed at the balance sheet date. 

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Revenue is recognised once the website design services have been provided.  

Page 2

 
CENTRE CREATIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

After determination that the going concern assumption is not valid, depreciation is not applied to fixed assets. Consequently, fixed assets are accounted for on realisable value basis. At each reporting date, an assessment for impairment is performed; if the recoverable amount is lower than the carrying amount, an impairment loss is recognised.

Depreciation rate used until the date of determination that the going concern assumption is not valid:

Office equipment
-
25%
straight line



 
2.5

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors. 
(i) Financial assets
Basic financial assets, including other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for
objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 
Page 3

 
CENTRE CREATIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Directors
1
1


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2023
2,186



At 31 December 2023

2,186



Depreciation


At 1 January 2023
2,156


Charge for the year on owned assets
30



At 31 December 2023

2,186



Net book value



At 31 December 2023
-



At 31 December 2022
30

Page 4

 
CENTRE CREATIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
120
2,384

Amounts owed by group undertakings
38,867
-

Other debtors
-
708

38,987
3,092



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
-
353

Other taxation and social security
991
-

Accruals and deferred income
7,099
8,499

8,090
8,852



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

During the year the Company entered into the following transactions with companies under common control:


2023
2022
£
£

Amounts due from related parties at the reporting end date
38,867
-
Amounts due to related parties at the reporting end date
-
353

Page 5

 
CENTRE CREATIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Post balance sheet events

Since the year end the directors have decided that the Company will cease trading within 12 months from the date of signing these financial statements.
On 30th May 2024 as a result of a group reorganisation, there was a change of ownership in the ultimate parent company. Tokumine Holdings Limited acquired 100% of Alindene Limited. 
As a result of the reorganisation, the ultimate controlling parent entity from 30 May 2024 was Tokumine Holdings Limited. There was no change to the ultimate controlling party as a result of the group reorganisation.
There is no adjustment as a result of the above event. 


10.


Controlling party

The company's immediate parent is Japan Centre Group Limited, incorporated in United Kingdom.
The ultimate parent is Tokumine Holdings Limited, incorporated in United Kingdom.
The parent of the smallest group and largest group in which these financial statements are consolidated is Japan Centre Group Limited and Alindene Limited, incorporated in United Kingdom.
The registered address of Japan Centre Group Limited and Alindene Limited is: Unit B Premier Park Road, Park Royal, London, NW10 7NZ.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 23 September 2024 by Geeta Morgan FCA (Senior statutory auditor) on behalf of BKL Audit LLP.

 
Page 6