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REGISTERED NUMBER: 06778876 (England and Wales)















PRE CREATIVE STUDIOS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






PRE CREATIVE STUDIOS LIMITED (REGISTERED NUMBER: 06778876)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRE CREATIVE STUDIOS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: M Stoneham
P McLoughlin





REGISTERED OFFICE: Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ





REGISTERED NUMBER: 06778876 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

PRE CREATIVE STUDIOS LIMITED (REGISTERED NUMBER: 06778876)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,292 1,115
Tangible assets 5 3,018 2,812
7,310 3,927

CURRENT ASSETS
Debtors 6 29,253 25,253
Cash at bank 59,508 88,972
88,761 114,225
CREDITORS
Amounts falling due within one year 7 48,538 44,635
NET CURRENT ASSETS 40,223 69,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,533

73,517

CREDITORS
Amounts falling due after more than one
year

8

19,393

29,160
NET ASSETS 28,140 44,357

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 27,940 44,157
SHAREHOLDERS' FUNDS 28,140 44,357

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

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

PRE CREATIVE STUDIOS LIMITED (REGISTERED NUMBER: 06778876)

Balance Sheet - continued
31 December 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 26 September 2024 and were signed on its behalf by:




M Stoneham - Director



P McLoughlin - Director


PRE CREATIVE STUDIOS LIMITED (REGISTERED NUMBER: 06778876)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

PRE Creative Studios 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 as modified by the revaluation of certain assets.

The financial statements are presented in Sterling which is the functional currency of the company.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
The intangible assets are made up of cryptocurrency, which are valued at market value.

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 reducing balance

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

PRE CREATIVE STUDIOS LIMITED (REGISTERED NUMBER: 06778876)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 January 2023 1,115
Revaluations 3,177
At 31 December 2023 4,292
NET BOOK VALUE
At 31 December 2023 4,292
At 31 December 2022 1,115

Cost or valuation at 31 December 2023 is represented by:

Other
intangible
assets
£   
Valuation in 2023 4,292

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 23,664
Additions 2,186
At 31 December 2023 25,850
DEPRECIATION
At 1 January 2023 20,852
Charge for year 1,980
At 31 December 2023 22,832
NET BOOK VALUE
At 31 December 2023 3,018
At 31 December 2022 2,812

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 25,308 21,308

PRE CREATIVE STUDIOS LIMITED (REGISTERED NUMBER: 06778876)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 3,945 3,945

Aggregate amounts 29,253 25,253

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,528 10,528
Taxation and social security 37,722 33,819
Other creditors 288 288
48,538 44,635

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,393 29,160

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 A shares £1 100 100
200 200

10. RESERVES
Retained
earnings
£   

At 1 January 2023 44,157
Profit for the year 79,003
Dividends (95,220 )
At 31 December 2023 27,940

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts advanced at the year end, are interest free and repayable on demand.