1 May 2023 false No description of principal activity Taxfiler 2024.6.1 true 09875080business:PrivateLimitedCompanyLtd2023-05-012024-04-30 098750802023-04-30 098750802023-05-012024-04-30 09875080business:AuditExemptWithAccountantsReport2023-05-012024-04-30 09875080business:FilletedAccounts2023-05-012024-04-30 098750802024-04-30 09875080business:Director12023-05-012024-04-30 09875080business:RegisteredOffice2023-05-012024-04-30 098750802023-04-30 09875080core:WithinOneYear2024-04-30 09875080core:WithinOneYear2023-04-30 09875080core:AfterOneYear2024-04-30 09875080core:AfterOneYear2023-04-30 09875080core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 09875080core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 09875080core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 09875080core:RetainedEarningsAccumulatedLosses2023-04-30 09875080core:PreviouslyStatedAmount2024-04-30 09875080business:SmallEntities2023-05-012024-04-30 09875080countries:EnglandWales2023-05-012024-04-30 09875080business:OrdinaryShareClass12023-05-012024-04-30 09875080business:OrdinaryShareClass12022-05-012023-04-30 098750802022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 09875080 (England and Wales)
Creation Capital Limited Unaudited accounts for the year ended 30 April 2024
Creation Capital Limited Unaudited accounts Contents
Page
- 2 -
Creation Capital Limited Company Information for the year ended 30 April 2024
Director
Daniel WEBB
Company Number
09875080 (England and Wales)
Registered Office
61 St. Georges Road Brighton East Sussex BN2 1EF
Accountants
Integrated Accounts Ltd ICPA 22 Little Preston Street Brighton East Sussex BN1 2HQ
- 3 -
Creation Capital Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
923,747 
923,747 
Current assets
Debtors
101,333 
75,842 
Cash at bank and in hand
79 
4,232 
101,412 
80,074 
Creditors: amounts falling due within one year
(479,014)
(444,034)
Net current liabilities
(377,602)
(363,960)
Total assets less current liabilities
546,145 
559,787 
Creditors: amounts falling due after more than one year
(555,612)
(568,567)
Net liabilities
(9,467)
(8,780)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(9,468)
(8,781)
Shareholders' funds
(9,467)
(8,780)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 December 2024 and were signed on its behalf by
Daniel WEBB Director Company Registration No. 09875080
- 4 -
Creation Capital Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Creation Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 09875080. The registered office is 61 St. Georges Road, Brighton, East Sussex, BN2 1EF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
At the balance sheet date the companies liabilities exceeded it's assets and it's ability to trade is dependent on the financial support of the current directors and shareholders. Such financial support will continue to be made and these accounts have been prepared on the basis that the company will continue to trade normally.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Where applicable deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Where applicable basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2024 
£ 
Fair value at 1 May 2023
923,747 
At 30 April 2024
923,747 
- 5 -
Creation Capital Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,113 
54 
Other debtors
100,220 
75,788 
101,333 
75,842 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
37,352 
26,039 
Taxes and social security
6,245 
6,245 
Other creditors
3,173 
1,448 
Loans from directors
431,150 
409,755 
Accruals
1,094 
547 
479,014 
444,034 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
555,612 
568,567 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Transactions with related parties
The director has in some instances given personal guarantees in respect of the company's borrowings.
10
Controlling party
The company is wholly owned by the director by virtue of his shareholding
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -