REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
CREIGHTON INVESTMENTS LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2024 |
FOR |
CREIGHTON INVESTMENTS LTD |
CREIGHTON INVESTMENTS LTD (REGISTERED NUMBER: 10256484) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
CREIGHTON INVESTMENTS LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 December 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Certified Accountants |
and Statutory Auditors |
12 Gateway Mews |
Ring Way |
London |
N11 2UT |
CREIGHTON INVESTMENTS LTD (REGISTERED NUMBER: 10256484) |
BALANCE SHEET |
31 December 2024 |
31.12.24 | 31.12.23 |
Notes | € | € | € | € |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The financial statements were approved by the director and authorised for issue on |
CREIGHTON INVESTMENTS LTD (REGISTERED NUMBER: 10256484) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 December 2024 |
1. | STATUTORY INFORMATION |
Creighton Investments Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less impairment. |
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 euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
The functional currency of the company is euro and presentation currency is also euro. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
CREIGHTON INVESTMENTS LTD (REGISTERED NUMBER: 10256484) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 December 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
€ | € | € |
COST OR VALUATION |
At 1 January 2024 | 2,131,010 |
Revaluations | 794,780 |
At 31 December 2024 | 2,925,790 |
NET BOOK VALUE |
At 31 December 2024 | 2,925,790 |
At 31 December 2023 | 2,131,010 |
5. | DEBTORS |
31.12.24 | 31.12.23 |
€ | € |
Amounts falling due within one year: |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.24 | 31.12.23 |
€ | € |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.24 | 31.12.23 |
€ | € |
Other creditors |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
CREIGHTON INVESTMENTS LTD (REGISTERED NUMBER: 10256484) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 December 2024 |
9. | RELATED PARTY DISCLOSURES |
The following balances are included within other debtors on the balance sheet: |
Related party |
Interest rate |
Repayment date |
Principal as at 31/12/2024 |
Principal as at 31/12/2023 |
€ | € |
SJC Karmi Ltd | n/a | n/a | 850,000 | 850,000 |
SJC Karmi Ltd | 3% | 18/05/2026 | 150,000 | 150,000 |
SJC Karmi Ltd | 3% | 06/07/2027 | 95,000 | 95,000 |
Xerographic Solutions Ltd | n/a | n/a | 119,358 | 173,469 |
Xerographic Solutions Ltd | 3% | 29/06/2027 | 100,000 | 100,000 |
Xerographic Solutions Ltd | 3% | 03/08/2027 | 200,000 | 200,000 |
Xerographic Solutions Ltd | 3% | 18/08/2027 | 200,000 | 200,000 |
Xerographic Solutions Ltd | 3% | 21/12/2027 | 170,000 | 170,000 |
Xerographic Solutions Ltd | 3% | 26/09/2028 | 100,000 | 100,000 |
Xerographic Solutions Ltd | 3% | 31/10/2028 | 400,000 | 400,000 |
The following is included within interest receivable on the statement of profit and loss for the year: |
Related party |
Interest receivable for 31/12/2024 |
Interest receivable for 31/12/2023 |
€ | € |
SJC Karmi Ltd | 7,370 | 7,350 |
Xerographic Solutions Ltd | 36,581 | 3,297 |
The following balances are included within other creditors, amounts falling due after more than one year on the balance sheet: |
Related party |
Interest rate |
Repayment date |
Balance as at 31/12/2024 |
Balance as at 31/12/2023 |
€ | € |
Stavros Constantinides | n/a | n/a | 10,402,801 | 10,794,069 |
Relationship with related parties: |
SJC Karmi Ltd is a company incorporated in the republic of Cyprus controlled by the ultimate beneficial owner, S Constantinides. |
Xerographic Solutions Ltd is a subsidiary of Creighton Investments Ltd, incorporated in the republic of Cyprus, |
The above balances are unsecured and no guarantees were given or received in respect of the above transactions. |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is S Constantinides, a non-UK resident individual. |
Creighton Investments Ltd is a wholly owned subsidiary of Creighton Properties Ltd, a parent undertaking registered in the United Kingdom. |
Creighton Properties Ltd is controlled by S Constantinides. |