Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseprovision of services to its parent company and affiliated companies within the group under a cost-plus agreement.1110falsetrue 11007299 2024-04-01 2025-03-31 11007299 2023-04-01 2024-03-31 11007299 2025-03-31 11007299 2024-03-31 11007299 2023-04-01 11007299 1 2024-04-01 2025-03-31 11007299 d:Director1 2024-04-01 2025-03-31 11007299 c:ComputerEquipment 2024-04-01 2025-03-31 11007299 c:ComputerEquipment 2025-03-31 11007299 c:ComputerEquipment 2024-03-31 11007299 c:ComputerEquipment c:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 11007299 c:CurrentFinancialInstruments 2025-03-31 11007299 c:CurrentFinancialInstruments 2024-03-31 11007299 c:CurrentFinancialInstruments c:WithinOneYear 2025-03-31 11007299 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 11007299 c:ShareCapital 2025-03-31 11007299 c:ShareCapital 2024-03-31 11007299 c:ShareCapital 2023-04-01 11007299 c:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 11007299 c:RetainedEarningsAccumulatedLosses 2025-03-31 11007299 c:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11007299 c:RetainedEarningsAccumulatedLosses 2024-03-31 11007299 c:RetainedEarningsAccumulatedLosses 2023-04-01 11007299 c:AcceleratedTaxDepreciationDeferredTax 2025-03-31 11007299 c:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11007299 d:OrdinaryShareClass1 2024-04-01 2025-03-31 11007299 d:OrdinaryShareClass1 2025-03-31 11007299 d:OrdinaryShareClass1 2024-03-31 11007299 d:FRS102 2024-04-01 2025-03-31 11007299 d:Audited 2024-04-01 2025-03-31 11007299 d:FullAccounts 2024-04-01 2025-03-31 11007299 d:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11007299 d:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11007299 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 11007299









CENTER FOR CREATIVE LEADERSHIP LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
CENTER FOR CREATIVE LEADERSHIP LTD
REGISTERED NUMBER: 11007299

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,550
2,683

  
1,550
2,683

Current assets
  

Debtors: amounts falling due within one year
 6 
88,426
101,982

Cash at bank and in hand
 7 
302,947
251,076

  
391,373
353,058

Creditors: amounts falling due within one year
 8 
(172,909)
(182,583)

Net current assets
  
 
 
218,464
 
 
170,475

Total assets less current liabilities
  
220,014
173,158

Provisions for liabilities
  

Deferred tax
 9 
(388)
(671)

  
 
 
(388)
 
 
(671)

Net assets
  
219,626
172,487


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
 11 
219,526
172,387

  
219,626
172,487


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 July 2025.



Giorgi Komakhidze
Director

Page 1

 
CENTER FOR CREATIVE LEADERSHIP LTD
REGISTERED NUMBER: 11007299
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The notes on pages 4 to 12 form part of these financial statements.

Page 2

 
CENTER FOR CREATIVE LEADERSHIP LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2023
100
125,596
125,696


Comprehensive income for the year

Profit for the year
-
46,791
46,791



At 1 April 2024
100
172,387
172,487


Comprehensive income for the year

Profit for the year
-
47,139
47,139


At 31 March 2025
100
219,526
219,626


The notes on pages 4 to 12 form part of these financial statements.
Page 3

 
CENTER FOR CREATIVE LEADERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Center for Creative Leadership Ltd is a private company limited by share capital, incorporated in England and Wales, registration number 11007299. The address of the registered office is 15b Woodford Avenue, Ilford, England, IG2 6UF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have prepared the financial statements on the going concern basis, having obtained a signed letter of financial support from the parent company for a period of at least 12 months from the date of signing these financial statements. The directors have also assessed the financial ability of the parent company to be able to provide financial support for a period of at least 12 months from the date of signing these financial statements.
On the basis of the above, the directors consider that it is appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
CENTER FOR CREATIVE LEADERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Revenue in respect of services provided to the immediate and ultimate parent company is calculated as attributable costs plus a mark-up in accordance with a transfer pricing agreement between Center for Creative Leadership Ltd and Center for Creative Leadership Inc.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
CENTER FOR CREATIVE LEADERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 6

 
CENTER FOR CREATIVE LEADERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts
Page 7

 
CENTER FOR CREATIVE LEADERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.12
Financial instruments (continued)

discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Judgements in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements in conformity with Generally Accepted Accounting Practice (GAAP) requires management to make estimates and judgements that affect the reported amounts of assets and liabilities as well the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.
Critical judgements
There were no judgements required to be made in preparing the accounts which had, or could have had, a material impact on the accounts.
Crtitical estimates 
There were no estimates required to be made in preparing the accounts, which had, or could have had, a material impact on the accounts.


4.


Employees

2025
2024
£
£

Wages and salaries
1,013,486
924,024

Social security costs
119,052
116,668

Cost of defined contribution scheme
53,144
50,395

1,185,682
1,091,087


The average monthly number of employees, including directors, during the year was 11 (2024 - 10).

Page 8

 
CENTER FOR CREATIVE LEADERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2024
9,460



At 31 March 2025

9,460



Depreciation


At 1 April 2024
6,777


Charge for the year on owned assets
1,133



At 31 March 2025

7,910



Net book value



At 31 March 2025
1,550



At 31 March 2024
2,683
Page 9

 
CENTER FOR CREATIVE LEADERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Amounts owed by group undertakings
84,318
101,513

Other debtors
3,497
50

Tax recoverable
611
419

88,426
101,982


Amounts owed by group undertakings are unsecured and interest-free.


7.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
302,947
251,076

302,947
251,076



8.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
4,328
2,160

Amounts owed to group undertakings
116,981
116,981

Corporation tax
16,063
14,176

Other taxation and social security
21,473
35,109

Accruals and deferred income
14,064
14,157

172,909
182,583


Amounts owed to group undertakings are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

Page 10

 
CENTER FOR CREATIVE LEADERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Deferred taxation




2025


£






At beginning of year
(671)


Credit to profit or loss
283



At end of year
(388)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(388)
(671)

(388)
(671)


10.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



11.


Reserves

Profit and loss account

All current and prior period retained earnings.


12.


Pension commitments

The entity contributes into a defined contribution personal pension plan. The pension cost charge represents contributions payable by the entity to the fund and amounted to £53,144 (2024: £50,395). There were contributions outstanding at the year end which totalled £2,291 (2024: £1,263).


13.


Related party transactions

The Company has claimed exemption under FRS 102 Section 33.1A from disclosing transactions with group entities.

Page 11

 
CENTER FOR CREATIVE LEADERSHIP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

14.


Post balance sheet events

There have been no significant events affecting the Company since the year end.


15.


Controlling party

The Company's immediate and ultimate parent undertaking is Center of Creative Leadership Inc., a company registered in the United States of America, by virtue of its 100% holding.
The Center for Creative Leadership Inc. prepares consolidated financial statements which include the company. The consolidated financial statements of Center for Creative Leadership Inc. are available from 1 Leadership Place, Greensboro, NC 27410, USA.
The person with significant control of the Company is Bradley Eldridge Shumaker.


16.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 10 July 2025 by Barry Au FCA (Senior Statutory Auditor) on behalf of Wisteria Audit Ltd.

Page 12