Creating Empires Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 07989750

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	32,844		26,099
Cash at bank and in hand		9		136

		32,853		26,235
Creditors: Amounts Falling Due Within One Year	5	(74,404 )		(36,715 )

NET CURRENT ASSETS (LIABILITIES)			(41,551 )		(10,480 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(41,551 )		(10,480 )

NET LIABILITIES			(41,551 )		(10,480 )

CAPITAL AND RESERVES
Called up share capital	6		2		2
Profit and Loss Account			(41,553 )		(10,482 )

SHAREHOLDERS' FUNDS			(41,551)		(10,480)

For the year ending 29 March 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Anna Pearce

Director

05/04/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Creating Empires Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07989750 . The registered office is Fenlake House, Fenlake Business Centre, Fengate, Peterborough, Cambridgeshire, PE1 5BQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by participating interests	7,674	-
Other debtors	25,170	26,099

	32,844	26,099

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other loans	50,000	7,273
Amounts owed to participating interests	17,800	27,431
Other creditors	6,604	2,011

	74,404	36,715

Other loans are unsecured, interest bearing and repayable within 12 months.

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

7. Directors Advances, Credits and Guarantees

During the year, the directors have advanced monies to and from the company. The balance at 29 March 2024 was £24,025 owed by the directors to the company (2023: £20,474 owed to the directors).

The above loan is unsecured, interest free and repayable on demand.

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Creating Empires Ltd

Notes to the Financial Statements (continued)

For The Year Ended 29 March 2024

8. Related Party Transactions

During the year, the company entered into transactions with related parties, which are also controlled by the directors and shareholders of Creating Empires Ltd.

At 29 March 2024, the balances held with the related parties were as follows:

Pearce Property Partnership owed £7,674 to the company (2023: £nil);

Anna Pearce Limited was owed £17,800 by the company (2023: £2,427 owed by the company);

Dares Property Limited was dissolved during the year, so the balance at 29 March 2024 was £nil (2023: £25,004 owed to the company). The company suffered bad debt of £16,466 on the dissolution of the related party, which has been recognised in these financial statements.

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