Creatives Wings Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11974452 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Creatives Wings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms J Castoldi

REGISTERED OFFICE:

21 Hillersdon Avenue

Edgware

Middlesex

HA8 7SG

REGISTERED NUMBER:

11974452 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,853

-

CURRENT ASSETS

Stocks

5,180

-

Debtors

5

597,091

Cash at bank

309

1,780

602,580

598,871

CREDITORS

Amounts falling due within one year

6

42,638

30,433

NET CURRENT ASSETS

559,942

568,438

TOTAL ASSETS LESS CURRENT
LIABILITIES

561,795

568,438

CREDITORS

Amounts falling due after more than one
year

7

597,091

NET LIABILITIES

(35,296

)

(28,653

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

(35,396

)

(28,753

)

SHAREHOLDERS' FUNDS

(35,296

)

(28,653

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2025 and were signed by:

Ms J Castoldi - Director

1.	STATUTORY INFORMATION

Creatives Wings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Going concern

The company sustained a loss during the period and it had net liabilities as at 31st December 2024. The sole director has confirmed that with the retention of the loans made by her she will continue to support the company for the foreseeable future and on this basis she considers it appropriate to prepare these accounts on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

2,070

At 31 December 2024

2,070

DEPRECIATION

Charge for year

217

At 31 December 2024

217

NET BOOK VALUE

At 31 December 2024

1,853

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Other debtors

597,091

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other creditors

42,638

30,433

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Other creditors

597,091

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Shareholders Loan

597,091

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(28,753

)

Deficit for the year

(6,643

)

At 31 December 2024

(35,396

)

10.	RELATED PARTY DISCLOSURES

Included in long term debtors is a loan of £597,091 (2023 - £597,091) made to Great Nest Limited, in which Ms J Castoldi is the sole director and the only shareholder. The loan has no fixed date of repayment.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms J Castoldi.