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REGISTERED NUMBER: OC400406 (England and Wales)










Report of the Members and

Unaudited Financial Statements

for the Year Ended 5 April 2024

for

CRE8 STRUCTURES LLP

CRE8 STRUCTURES LLP (Registered number: OC400406)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Report of the Members 1

Accountants' Report 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


CRE8 STRUCTURES LLP (Registered number: OC400406)

Report of the Members
for the Year Ended 5 April 2024

The members present their report with the financial statements of the LLP for the year ended 5 April 2024.

DESIGNATED MEMBERS
The designated members during the year under review were:

Mr J H Guneratne
Mr P J Walters

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The profit for the year before members' remuneration and profit shares was £328,376 (2023 - £264,334 profit).

MEMBERS' INTERESTS

MEMBERS' RESPONSIBILITIES STATEMENT
The members are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) requires the members to prepare financial statements for each financial year. Under that law the members have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice. Under company law (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008) the members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the limited liability partnership and of the profit or loss of the limited liability partnership for that period. In preparing these financial statements, the members are required to:

• select suitable accounting policies and then apply them consistently;
• make judgements and accounting estimates that are reasonable and prudent;
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the limited liability partnership will continue in business.

The members are responsible for keeping adequate accounting records that are sufficient to show and explain the limited liability partnership’s transactions and disclose with reasonable accuracy at any time the financial position of the limited liability partnership and enable them to ensure that the financial statements comply with the Companies Act 2006 (as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008). They are also responsible for safeguarding the assets of the limited liability partnership and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE MEMBERS:





Mr J H Guneratne - Designated member


1 October 2024

Accountants' Report to the Members
on the Unaudited Financial Statements of
CRE8 STRUCTURES LLP (Registered number: OC400406)


In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of CRE8 STRUCTURES LLP for the year ended 5 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of CRE8 STRUCTURES LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CRE8 STRUCTURES LLP and state those matters that we have agreed to state to the members of CRE8 STRUCTURES LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CRE8 STRUCTURES LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that CRE8 STRUCTURES LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CRE8 STRUCTURES LLP. You consider that CRE8 STRUCTURES LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CRE8 STRUCTURES LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cansdales Business Advisers Limited
St Mary's Court
The Broadway
Old Amersham
Buckinghamshire
HP7 0UT


Date: .............................................

CRE8 STRUCTURES LLP (Registered number: OC400406)

Income Statement
for the Year Ended 5 April 2024

2024 2023
Notes £    £   

TURNOVER 745,486 551,883

Cost of sales (126,418 ) (30,115 )
GROSS PROFIT 619,068 521,768

Administrative expenses (289,975 ) (256,472 )
OPERATING PROFIT 4 329,093 265,296


Interest payable and similar expenses (717 ) (962 )
PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


328,376


264,334

PROFIT FOR THE FINANCIAL YEAR
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES


328,376


264,334

Members' remuneration charged as an expense 5 (328,376 ) (264,334 )
PROFIT FOR THE FINANCIAL YEAR
AVAILABLE FOR DISCRETIONARY
DIVISION AMONG MEMBERS


-


-

CRE8 STRUCTURES LLP (Registered number: OC400406)

Balance Sheet
5 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 6 4,428 7,738

CURRENT ASSETS
Debtors 7 81,491 97,541
Cash at bank and in hand 199,985 156,858
281,476 254,399
CREDITORS
Amounts falling due within one year 8 (79,090 ) (129,843 )
NET CURRENT ASSETS 202,386 124,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,814

132,294

CREDITORS
Amounts falling due after more than one year 9 (13,092 ) (23,274 )
NET ASSETS ATTRIBUTABLE TO
MEMBERS

193,722

109,020

CRE8 STRUCTURES LLP (Registered number: OC400406)

Balance Sheet - continued
5 April 2024

2024 2023
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

11

183,722

99,020

MEMBERS' OTHER INTERESTS
Capital accounts 10,000 10,000
193,722 109,020

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 11 183,722 99,020
Members' other interests 10,000 10,000
193,722 109,020

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 5 April 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

The financial statements were approved by the members of the LLP and authorised for issue on 1 October 2024 and were signed by:





Mr J H Guneratne - Designated member

CRE8 STRUCTURES LLP (Registered number: OC400406)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

CRE8 STRUCTURES LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC400406

Registered office: St Mary’s Court
The Broadway
Old Amersham
Buckinghamshire
HP7 0UT

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in January 2017, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.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 financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.

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 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers 33.3% straight line

CRE8 STRUCTURES LLP (Registered number: OC400406)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

2. ACCOUNTING POLICIES - continued

MEMBERS' PARTICIPATING INTERESTS
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are,from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member's participation rights including amounts subscribed or otherwise contributed by members, for example members' capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

All amounts due to members that are classified as liabilities are presented within 'Loans and other debts due to members' and, where such an amount relates to current year profits, they are recognised within ‘Members' remuneration charged as an expense’ in arriving at the relevant year’s result. Undivided amounts that are classified as equity are shown within ‘Members' other interests’. Amounts recoverable from members are presented as debtors and shown as amounts due from members within members’ interests.

Where there exists an asset and liability component in respect of an individual member’s participation rights, they are presented on a gross basis unless the LLP has both a legally enforceable right to set off the recognised amounts, and it intends either to settle on a net basis or to settle and realise these amounts simultaneously, in which case they are presented net.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 3 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 4,148 3,869

5. INFORMATION IN RELATION TO MEMBERS
2024 2023
£    £   
Members' remuneration charged as an expense
Automatic division of profit 328,376 264,334

2024 2023

The average number of members during the year was 2 2

.

CRE8 STRUCTURES LLP (Registered number: OC400406)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 74,316
Additions 838
At 5 April 2024 75,154
DEPRECIATION
At 6 April 2023 66,578
Charge for year 4,148
At 5 April 2024 70,726
NET BOOK VALUE
At 5 April 2024 4,428
At 5 April 2023 7,738

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,312 81,606
Prepayments 13,779 11,535
Advance Rent 4,400 4,400
81,491 97,541

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 10) 10,182 9,932
Trade creditors 25,036 12,036
Social security and other taxes 3,709 3,762
VAT 20,566 30,280
Other creditors - 724
Accrued expenses 19,597 73,109
79,090 129,843

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 10) 13,092 23,274

CRE8 STRUCTURES LLP (Registered number: OC400406)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bounce Back Loan 10,182 9,932

Amounts falling due between one and two years:
Loans 13,092 9,932

Amounts falling due between two and five years:
Bounce Back loans - 2-5 years - 13,342

11. LOANS AND OTHER DEBTS DUE TO MEMBERS

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.