Registered number
14304818
Kreative Kulture Limited
Unaudited Filleted Accounts
31 August 2024
API Partnership Ltd t/a Chandler & Georges
Chartered Accountants and Registered Auditors
75 Westow Hill
Crystal Palace
London
SE19 1TX
Ph: 0208 761 2213
www.cgca.co.uk
Kreative Kulture Limited
Registered number: 14304818
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 93,855 100
Cash at bank and in hand 1,000 -
94,855 100
Creditors: amounts falling due within one year 4 (100,925) -
Net current (liabilities)/assets (6,070) 100
Net (liabilities)/assets (6,070) 100
Capital and reserves
Called up share capital 100 100
Profit and loss account (6,170) -
Shareholders' funds (6,070) 100
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Arun Nagar
Director
Approved by the board on 25 August 2025
Kreative Kulture Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover 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. Turnover 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:
Royalty income
Royalty revenue is recognised based on contractual arrangements entered into with third parties which allow them to exploit the Company's intellectual property. Royalty income is recognised in the period when it is reported to the Company by third parties, provided:
● the amount of revenue can be measured reliably;
● it is probable that the Company will receive the consideration due under the transaction;
● the costs incurred or to be incurred in respect of the transaction can be measured reliably
Royalties
Royalties are charged to the Statement of Recognised Gains and Losses as incurred in accordance with contractual terms. Where advances against future royalties have been made, royalties are charged to the Statement of Recognised Gains and Losses at the rate stated in the contract, based upon sales. Provision is made where it is anticipated that the advance will not be recouped by future royalty charges.
Financial Instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its 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 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 4,676 -
Other debtors 89,179 100
93,855 100
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 963 -
Other creditors 99,962 -
100,925 -
5 Related party transactions
Riyaan Capital Ltd – During the year, Kreative Kulture Ltd borrowed funds from Riyaan Capital Ltd, a company incorporated in Mauritius, for working capital purposes. Riyaan Capital Ltd is a related party by virtue of common control through the trustees of its owning trust, who are also directors of the Company.

The loan is interest free and repayable on demand. The total balance outstanding at the year end was £92,408 (2024: NIL). No security has been provided in respect of this loan.
6 Other information
Kreative Kulture Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Chandler & Georges
75 Westow Hill
London
United Kingdom
SE19 1TX
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