Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse2023-01-02No description of principal activity4842truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12786110 2023-01-02 2023-12-31 12786110 2022-01-03 2023-01-01 12786110 2023-12-31 12786110 2023-01-01 12786110 c:Director2 2023-01-02 2023-12-31 12786110 d:Buildings d:ShortLeaseholdAssets 2023-01-02 2023-12-31 12786110 d:Buildings d:ShortLeaseholdAssets 2023-12-31 12786110 d:Buildings d:ShortLeaseholdAssets 2023-01-01 12786110 d:FurnitureFittings 2023-01-02 2023-12-31 12786110 d:FurnitureFittings 2023-12-31 12786110 d:FurnitureFittings 2023-01-01 12786110 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-02 2023-12-31 12786110 d:ComputerEquipment 2023-01-02 2023-12-31 12786110 d:ComputerEquipment 2023-12-31 12786110 d:ComputerEquipment 2023-01-01 12786110 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-02 2023-12-31 12786110 d:OwnedOrFreeholdAssets 2023-01-02 2023-12-31 12786110 d:ComputerSoftware 2023-12-31 12786110 d:ComputerSoftware 2023-01-01 12786110 d:CurrentFinancialInstruments 2023-12-31 12786110 d:CurrentFinancialInstruments 2023-01-01 12786110 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12786110 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-01 12786110 d:ShareCapital 2023-12-31 12786110 d:ShareCapital 2023-01-01 12786110 d:RetainedEarningsAccumulatedLosses 2023-12-31 12786110 d:RetainedEarningsAccumulatedLosses 2023-01-01 12786110 c:OrdinaryShareClass1 2023-01-02 2023-12-31 12786110 c:OrdinaryShareClass1 2023-12-31 12786110 c:OrdinaryShareClass1 2023-01-01 12786110 c:FRS102 2023-01-02 2023-12-31 12786110 c:AuditExempt-NoAccountantsReport 2023-01-02 2023-12-31 12786110 c:FullAccounts 2023-01-02 2023-12-31 12786110 c:PrivateLimitedCompanyLtd 2023-01-02 2023-12-31 12786110 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-02 2023-12-31 12786110 e:PoundSterling 2023-01-02 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure


Registered number: 12786110












CREATIVE NH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

 

CREATIVE NH LIMITED

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 9



 
REGISTERED NUMBER:12786110
CREATIVE NH LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2023

31 December
1 January
2023
2023
Note
£
£

Fixed assets
  

Intangible fixed assets
 4 
-
3,760

Tangible fixed assets
 5 
822,160
926,127

  
822,160
929,887

Current assets
  

Stocks
  
17,484
19,158

Debtors: amounts falling due within one year
 6 
123,046
138,931

Cash at bank and in hand
  
65,566
538,287

  
206,096
696,376

Creditors: amounts falling due within one year
 7 
(1,775,329)
(1,998,679)

Net current liabilities
  
 
 
(1,569,233)
 
 
(1,302,303)

Total assets less current liabilities
  
(747,073)
(372,416)

  

Net liabilities
  
(747,073)
(372,416)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(747,074)
(372,417)

Net deficit
  
(747,073)
(372,416)


Page 1


 
REGISTERED NUMBER:12786110
CREATIVE NH LIMITED
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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 by: 




R Zelman
Director

Date: 25 September 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 

CREATIVE NH LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Creative NH Limited is a private company limited by shares incorporated in England and Wales. The address of its registered office is 4 Princes Street, London, W1B 2LE.
The financial statements are presented in Sterling (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The directors consider this basis to be appropriate as the company has sufficient facilities available from its shareholders to fund its working capital requirements for a period of at least twelve months from the date these financial statements were approved.

  
2.3

Revenue

Turnover represents amounts receivable for the sale of meals and drinks, net of value added tax. It is recognised as soon as the services are provided.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 

CREATIVE NH LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
over the lease term
Fixtures, fittings and equipment
-
25-33%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


2.7

Financial instruments

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 
 
The company’s policies for its major classes of financial assets and financial liabilities are set out below. 

Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, intercompany working capital balances, and intercompany financing 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 for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Page 4

 

CREATIVE NH LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)





Financial instruments (continued)

Financial liabilities

Basic financial liabilities, including trade and other creditors, loans from fellow group companies 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 payments discounted at a market rate of interest for a similar debt instrument. Financing transactions are those in which payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Impairment of financial assets
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. 

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset's carrying amount and the best estimate of the amount the company would receive for the asset if it were to be sold at the reporting date. 

For financial assets measured at amortised cost, the impairment loss is measured as the difference between the asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If the financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets and financial liabilities
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) despite having retained some significant risks and rewards of ownership, 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. 
 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Offsetting of financial assets and financial liabilities
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

Page 5

 

CREATIVE NH LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.9

Share capital

Ordinary shares are classified as equity. 

 
2.10

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.11

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

  
2.12

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the period was 48 (period ended 1 January 2023 - 42).

Page 6

 

CREATIVE NH LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Intangible assets






Computer software

£



Cost


At 2 January 2023
12,305



At 31 December 2023

12,305



Amortisation


At 2 January 2023
8,545


Charge for the period on owned assets
3,760



At 31 December 2023

12,305



Net book value



At 31 December 2023
-



At 1 January 2023
3,760



Page 7

 

CREATIVE NH LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Tangible fixed assets







Short-term leasehold property
Fixtures, fittings and equipment
Computer equipment
Total

£
£
£
£



Cost


At 2 January 2023
791,937
262,829
20,820
1,075,586


Additions
62,292
21,831
1,590
85,713



At 31 December 2023

854,229
284,660
22,410
1,161,299



Depreciation


At 2 January 2023
56,950
86,965
5,544
149,459


Charge for the period on owned assets
89,591
93,024
7,065
189,680



At 31 December 2023

146,541
179,989
12,609
339,139



Net book value



At 31 December 2023
707,688
104,671
9,801
822,160



At 1 January 2023
734,987
175,864
15,276
926,127


6.


Debtors

31 December
1 January
2023
2023
£
£


Trade debtors
1,975
1,472

Amounts owed by group undertakings
169
1,665

Other debtors
60,047
58,100

Prepayments and accrued income
60,855
77,694

123,046
138,931


Page 8

 

CREATIVE NH LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

31 December
1 January
2023
2023
£
£

Bank overdrafts
12
-

Trade creditors
95,507
81,412

Amounts owed to group undertakings
1,452,648
1,576,033

Other taxation and social security
54,700
148,796

Other creditors
108,469
89,064

Accruals and deferred income
63,993
103,374

1,775,329
1,998,679



8.


Share capital

31 December
1 January
2023
2023
£
£
Allotted, called up and fully paid



1 (1 January 2023 -1) Ordinary share of £1.00
1
1



9.


Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are a wholly owned part of the group.
In other creditors, is an amount of £20,812 (1 January 2023: £20,812) due to a company under common control of the director. This amount is unsecured, interest free and is repayable on demand.


10.


Controlling party

The company's immediate parent undertaking is Creative Restaurant Holdings Limited, a company incorporated in England and Wales.
The company's ultimate parent undertaking is Spikewell Management Limited, a company registered in the British Virgin Islands.
In the opinion of the directors there is no ultimate controlling party.

 
Page 9