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REGISTERED NUMBER: 03724588 (England and Wales)











UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

FOR

CREED DESIGN ASSOCIATES LIMITED

CREED DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 03724588)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


CREED DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 03724588)

BALANCE SHEET
30TH JUNE 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 6,870

CURRENT ASSETS
Debtors 5 12,388 24,991
Cash at bank and in hand 5,273 34,705
17,661 59,696
CREDITORS
Amounts falling due within one year 6 11,975 16,636
NET CURRENT ASSETS 5,686 43,060
TOTAL ASSETS LESS CURRENT LIABILITIES 5,686 49,930

PROVISIONS FOR LIABILITIES - 1,252
NET ASSETS 5,686 48,678

CAPITAL AND RESERVES
Called up share capital 7 35,000 35,000
Retained earnings (29,314 ) 13,678
SHAREHOLDERS' FUNDS 5,686 48,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th August 2025 and were signed by:





A E French - Director


CREED DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 03724588)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2025

1. Statutory information

Creed Design Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03724588

Registered office: 15 West Street
Brighton
East Sussex
BN1 2RL

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 company ceased trading on 30 June 2025. The financial statements have not been prepared under a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of VAT and discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt
instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2024 - 6 ) .

CREED DESIGN ASSOCIATES LIMITED (REGISTERED NUMBER: 03724588)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2025

4. Tangible fixed assets
Plant and
machinery
etc
£   
COST
At 1st July 2024 62,600
Disposals (62,600 )
At 30th June 2025 -
DEPRECIATION
At 1st July 2024 55,730
Eliminated on disposal (55,730 )
At 30th June 2025 -
NET BOOK VALUE
At 30th June 2025 -
At 30th June 2024 6,870

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 828 5,895
Other debtors 11,560 19,096
12,388 24,991

6. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 225 7,395
Taxation and social security - 1,293
Other creditors 11,750 7,948
11,975 16,636

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
35,000 Ordinary £1 35,000 35,000