REGISTERED NUMBER: 11348606 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Creative Bloc Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Paul Christopher Kelsall

Mrs Naomi Esther Kelsall

REGISTERED OFFICE:

13b Little Underbank

Stockport

SK1 1LA

REGISTERED NUMBER:

11348606 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Investment property

4

1,055,000

955,551

CURRENT ASSETS

Debtors

5

74,666

41,604

Cash at bank

27,809

57,017

102,475

98,621

CREDITORS

Amounts falling due within one year

6

269,438

241,505

NET CURRENT LIABILITIES

(166,963

)

(142,884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

888,037

812,667

CREDITORS

Amounts falling due after more than one year

7

(381,668

)

(390,473

)

PROVISIONS FOR LIABILITIES

(86,979

)

(72,036

)

NET ASSETS

419,390

350,158

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

419,290

350,058

SHAREHOLDERS' FUNDS

419,390

350,158

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2025 and were signed on its behalf by:

Mr Paul Christopher Kelsall - Director

Mrs Naomi Esther Kelsall - Director

1.	STATUTORY INFORMATION

Creative Bloc 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.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

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

Investment property

Investment properties are revalued at the accounting date and the aggregate surplus or temporary deficit is recognised in the profit and loss account.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation or amortisation is provided. Any permanent diminutions in value below cost are charged to the profit and loss account.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

955,551

Additions

20,799

Revaluations

78,650

At 31 December 2024

1,055,000

NET BOOK VALUE

At 31 December 2024

1,055,000

At 31 December 2023

955,551

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

955,551

Valuation in 2024

99,449

1,055,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

2,224

342

Other debtors

72,442

41,262

74,666

41,604

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,285

9,399

Trade creditors

87,129

58,073

Amounts owed to associates

1,265

2,750

Taxation and social security

3,160

2,812

Other creditors

168,599

168,471

269,438

241,505

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

381,668

390,473

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

376,565

376,565

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

376,565

376,565

The above loan is secured by a charge held against the company at Companies House.

9.	RELATED PARTY DISCLOSURES

During the year the company received loans from Kelsall Architects Ltd, a company under the control of the directors of Creative Bloc Ltd. At the year end date, Creative Bloc Ltd owed Kelsall Architects Ltd £1,265 (2024: £2,750).

As at 31 December 2024, included within the trade creditors balance is an amount owed to Kelsall Architects Ltd, a company under common control, of £86,517.

During the year, Kelsall Architects Ltd provided services to Creative Bloc Ltd, a company under common control. These services were provided at cost.

Directors' current accounts are interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of the two directors.