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REGISTERED NUMBER: 10256484 (England and Wales)















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: S Constantinides





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 10256484 (England and Wales)





AUDITORS: G. George Associates Limited
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 2,925,790 2,131,010

CURRENT ASSETS
Debtors 5 2,657,786 2,983,905
Cash at bank 2,377,048 2,259,090
5,034,834 5,242,995
CREDITORS
Amounts falling due within one year 6 14,456 13,833
NET CURRENT ASSETS 5,020,378 5,229,162
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,946,168

7,360,172

CREDITORS
Amounts falling due after more than one
year

7

10,402,801

10,794,069
NET LIABILITIES (2,456,633 ) (3,433,897 )

CAPITAL AND RESERVES
Called up share capital 1,167 1,167
Retained earnings (2,457,800 ) (3,435,064 )
SHAREHOLDERS' FUNDS (2,456,633 ) (3,433,897 )

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 director and authorised for issue on 5 March 2025 and were signed by:





S Constantinides - Director


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 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 as modified by the revaluation of certain assets.

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 1,000 2,130,010 2,131,010
Revaluations - 794,780 794,780
At 31 December 2024 1,000 2,924,790 2,925,790
NET BOOK VALUE
At 31 December 2024 1,000 2,924,790 2,925,790
At 31 December 2023 1,000 2,130,010 2,131,010


5. DEBTORS
31.12.24 31.12.23
€    €   
Amounts falling due within one year:
Other debtors 2,389,358 2,472,847

Amounts falling due after more than one year:
Other debtors 268,428 511,058

Aggregate amounts 2,657,786 2,983,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
€    €   
Other creditors 14,456 13,833

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
€    €   
Other creditors 10,402,801 10,794,069

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Onissiphorou (Senior Statutory Auditor)
for and on behalf of G. George Associates Limited

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.