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REGISTERED NUMBER: 11071738 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

CREATE, COOK AND PROSPER LIMITED

CREATE, COOK AND PROSPER LIMITED (REGISTERED NUMBER: 11071738)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREATE, COOK AND PROSPER LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: D J Lysaght
Mrs R T Lysaght





REGISTERED OFFICE: 6 Market Street
North Walsham
Norfolk
NR28 9BZ





REGISTERED NUMBER: 11071738 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

CREATE, COOK AND PROSPER LIMITED (REGISTERED NUMBER: 11071738)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,986 163,917

CURRENT ASSETS
Stocks 6,250 5,750
Debtors 5 3,784 4,162
Cash at bank and in hand 19,322 19,079
29,356 28,991
CREDITORS
Amounts falling due within one year 6 288,598 269,556
NET CURRENT LIABILITIES (259,242 ) (240,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(122,256

)

(76,648

)

CREDITORS
Amounts falling due after more than one
year

7

16,707

26,273
NET LIABILITIES (138,963 ) (102,921 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (138,964 ) (102,922 )
(138,963 ) (102,921 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

CREATE, COOK AND PROSPER LIMITED (REGISTERED NUMBER: 11071738)

BALANCE SHEET - continued
30 November 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 10 October 2024 and were signed on its behalf by:





D J Lysaght - Director


CREATE, COOK AND PROSPER LIMITED (REGISTERED NUMBER: 11071738)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Create, Cook and Prosper 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.

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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

CREATE, COOK AND PROSPER LIMITED (REGISTERED NUMBER: 11071738)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Going concern
These accounts have been prepared on a going concern basis due to the continued financial support from the directors. Although the balance sheet is in deficit, the directors have pledged not to repay their loan until the company is in a position to do so.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 244,907 67,206 312,113
Additions - 1,974 1,974
At 30 November 2023 244,907 69,180 314,087
DEPRECIATION
At 1 December 2022 89,913 58,283 148,196
Charge for year 24,493 4,412 28,905
At 30 November 2023 114,406 62,695 177,101
NET BOOK VALUE
At 30 November 2023 130,501 6,485 136,986
At 30 November 2022 154,994 8,923 163,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 735 100
Other debtors 3,049 4,062
3,784 4,162

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 17,832 15,159
Taxation and social security 23,413 21,383
Other creditors 237,353 223,014
288,598 269,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,707 26,273

CREATE, COOK AND PROSPER LIMITED (REGISTERED NUMBER: 11071738)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

8. RELATED PARTY DISCLOSURES

The company operates in premises owned by the directors, on a rent free basis.

Included in other creditors is a loan of £198,090 owed to the directors. Interest of £4,150 has been charged on this loan and there are no set repayment terms.