REGISTERED NUMBER: 09481225 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CREATE INVESTMENT PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Malee

S Malee

REGISTERED OFFICE:

2 Rockingham Road

Doncaster

DN2 4BN

REGISTERED NUMBER:

09481225 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Lincoln) Ltd

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

FIXED ASSETS

Tangible assets

4

3,475,000

2,500,000

Investments

5

6

6

3,475,006

2,500,006

CURRENT ASSETS

Debtors

6

41,451

209,011

Cash at bank

27,088

190

68,539

209,201

CREDITORS

Amounts falling due within one year

7

593,546

205,937

NET CURRENT (LIABILITIES)/ASSETS

(525,007

)

3,264

TOTAL ASSETS LESS CURRENT LIABILITIES

2,949,999

2,503,270

CREDITORS

Amounts falling due after more than one year

8

(2,221,463

)

(1,608,436

)

PROVISIONS FOR LIABILITIES

(158,941

)

(205,366

)

NET ASSETS

569,595

689,468

CAPITAL AND RESERVES

Called up share capital

300

300

Non-distributable reserve

9

463,946

616,098

Retained earnings

9

105,349

73,070

SHAREHOLDERS' FUNDS

569,595

689,468

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 directors acknowledge their 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 Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:

S Malee - Director

R Malee - Director

1.	STATUTORY INFORMATION

Create Investment Properties 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.

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 as modified by the revaluation of certain assets.

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.

Land and buildings

-

not provided

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 January 2024

2,500,000

Additions

1,173,576

Revaluations

(198,576

)

At 31 December 2024

3,475,000

NET BOOK VALUE

At 31 December 2024

3,475,000

At 31 December 2023

2,500,000

Cost or valuation at 31 December 2024 is represented by:

Land and

buildings

£

Valuation in 2021

945,000

Valuation in 2022

820,000

Valuation in 2023

735,000

Valuation in 2024

975,000

3,475,000

If freehold properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

2,852,113

1,678,536

Freehold properties were valued on an open market basis on 31 December 2024 by the directors .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

6

NET BOOK VALUE

At 31 December 2024

6

At 31 December 2023

6

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

41,451

-

Other debtors

-

209,011

41,451

209,011

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

461

453

Amounts owed to group undertakings

459,029

-

Taxation and social security

43,724

19,133

Other creditors

80,332

176,351

593,546

205,937

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,221,463

1,608,436

9.

RESERVES

Retained

Non-distributable

earnings

reserve

Totals

£

£

£

At 1 January 2024

73,070

616,098

689,168

Deficit for the year

(79,072

)

(79,072

)

Dividends

(40,800

)

(40,800

)

Revaluation reserve

152,151

(152,152

)

(1

)

At 31 December 2024

105,349

463,946

569,295