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Registered number: 07631383
Creative Hospitality Group Ltd
Financial Statements
For The Year Ended 31 December 2024
Cursio & Co. Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07631383
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 500 500
Tangible Assets 5 1,118,942 1,184,254
1,119,442 1,184,754
CURRENT ASSETS
Debtors 6 626,187 547,796
Cash at bank and in hand 3,212 63,950
629,399 611,746
Creditors: Amounts Falling Due Within One Year 7 (922,697 ) (1,028,040 )
NET CURRENT ASSETS (LIABILITIES) (293,298 ) (416,294 )
TOTAL ASSETS LESS CURRENT LIABILITIES 826,144 768,460
Creditors: Amounts Falling Due After More Than One Year 8 (120,890 ) (159,190 )
NET ASSETS 705,254 609,270
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 576,949 576,949
Profit and Loss Account 128,205 32,221
SHAREHOLDERS' FUNDS 705,254 609,270
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr B A Nunes
Director
30 September 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Creative Hospitality Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07631383 . The registered office is 8 Axis Court Mallard Way, Riverside Business Park, Swansea, SA7 0AJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Straight Line Method
Fixtures & Fittings 5% Straight Line Mthod
Computer Equipment 20% Straight Line Method
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 500
As at 31 December 2024 500
Net Book Value
As at 31 December 2024 500
As at 1 January 2024 500
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Page 4
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 135,285 1,312,623 39,955 1,487,863
Additions - 4,426 5,552 9,978
As at 31 December 2024 135,285 1,317,049 45,507 1,497,841
Depreciation
As at 1 January 2024 49,358 235,546 18,705 303,609
Provided during the period 17,186 53,854 4,250 75,290
As at 31 December 2024 66,544 289,400 22,955 378,899
Net Book Value
As at 31 December 2024 68,741 1,027,649 22,552 1,118,942
As at 1 January 2024 85,927 1,077,077 21,250 1,184,254
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 518,695 425,545
Prepayments and accrued income 22,616 6,622
Other debtors 3,483 3,131
VAT 43,443 105,567
Amounts owed by other participating interests 37,950 6,931
626,187 547,796
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 75,451 522,324
Corporation tax - (234 )
Other creditors 5,379 11,491
Accruals and deferred income 390,000 -
Directors' loan accounts 15,575 37,585
Amounts owed to other participating interests 436,292 456,874
922,697 1,028,040
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 32,761 38,717
Other loans 88,129 120,473
120,890 159,190
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 January 2024 576,949
As at 31 December 2024 576,949
Page 5