CREED HOMES LIMITED

Company Registration Number:
07654687 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

CREED HOMES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

CREED HOMES LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 7,130 9,260
Investments: 4 100 0
Total fixed assets: 7,230 9,260
Current assets
Stocks: 1,630,696 1,529,041
Debtors:   221,556 7,712
Cash at bank and in hand: 102,216 596,507
Total current assets: 1,954,468 2,133,260
Creditors: amounts falling due within one year: 5 (1,347,388) (1,529,252)
Net current assets (liabilities): 607,080 604,008
Total assets less current liabilities: 614,310 613,268
Creditors: amounts falling due after more than one year: 6 (149,030) (33,544)
Provision for liabilities: (1,354) (1,759)
Total net assets (liabilities): 463,926 577,965
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 463,826 577,865
Shareholders funds: 463,926 577,965

The notes form part of these financial statements

CREED HOMES LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 March 2025
and signed on behalf of the board by:

Name: M.Walter
Status: Director

The notes form part of these financial statements

CREED HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable.Revenue is reduced for estimated rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible Fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a reducing balance basis at rates of 20%-25% per annum.

CREED HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

CREED HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 31,384
At 30 June 2024 31,384
Depreciation
At 01 July 2023 22,124
Charge for year 2,130
At 30 June 2024 24,254
Net book value
At 30 June 2024 7,130
At 30 June 2023 9,260

CREED HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Fixed investments

Share in group undertakings £100 The company hold 100% of the ordinary share capital of Creed Homes Albury Ltd.

CREED HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

Creditors include bank loans of £5514 ( 2023: £5514)

CREED HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due after more than one year note

Creditors include bank loans of £149030 ( 2023: £33544) and are secured on the assets concerned. Creditors includes a bank loan repayable by installments of which £5974 ( 2023:£11488) are due after five years.