REGISTERED NUMBER: 05707888 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2024 TO 27 MARCH 2025

FOR

CREATIVEPOOL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M P Tomes

REGISTERED OFFICE:

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

REGISTERED NUMBER:

05707888 (England and Wales)

ACCOUNTANTS:

Kings Chartered Accountants

4 Grovelands

Boundary Way

Hemel Hempstead

Hertfordshire

HP2 7TE

FIXED ASSETS

Intangible assets

4

115,964

136,342

Tangible assets

5

4,449

7,573

120,413

143,915

CURRENT ASSETS

Debtors

6

151,668

126,453

Cash at bank

1,748

5,965

153,416

132,418

CREDITORS

Amounts falling due within one year

7

242,169

194,540

NET CURRENT LIABILITIES

(88,753

)

(62,122

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,660

81,793

CREDITORS

Amounts falling due after more than one year

8

28,633

34,898

NET ASSETS

3,027

46,895

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

2,027

45,895

SHAREHOLDERS' FUNDS

3,027

46,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 December 2025 and were signed by:

Mr M P Tomes - Director

1.	STATUTORY INFORMATION

Creativepool 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.

The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The directors continue to adopt the going concern basis of accounting despite the current economic impact as a result of COVID-19. The directors consider that their available reserves and the availability of continued financial support will ensure the required working capital be in place for the company to continue operations for the foreseeable future. If the company were unable to continue to trade adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed assets as current assets, long-term liabilities as current liabilities, and to provide for any further liabilities that may arise.

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 reducing balance

Computer equipment

-

50% on cost

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the period 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 31 March 2024

430,284

Additions

33,393

At 27 March 2025

463,677

AMORTISATION

At 31 March 2024

293,942

Amortisation for period

53,771

At 27 March 2025

347,713

NET BOOK VALUE

At 27 March 2025

115,964

At 30 March 2024

136,342

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 31 March 2024

11,847

4,382

16,229

Additions

-

870

870

At 27 March 2025

11,847

5,252

17,099

DEPRECIATION

At 31 March 2024

6,434

2,222

8,656

Charge for period

2,243

1,751

3,994

At 27 March 2025

8,677

3,973

12,650

NET BOOK VALUE

At 27 March 2025

3,170

1,279

4,449

At 30 March 2024

5,413

2,160

7,573

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.3.25

30.3.24

£

£

Trade debtors

83,169

57,954

Deferred tax asset

68,499

68,499

151,668

126,453

Deferred tax asset

27.3.25

30.3.24

£

£

Accelerated capital allowances

(1,334

)

(1,334

)

Tax losses carried forward

69,833

69,833

68,499

68,499

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

27.3.25

30.3.24

£

£

Bank loans and overdrafts (see note 9)

8,571

7,884

Trade creditors

19,677

21,937

Social security and other taxes

1,104

1,104

Value added tax

2,071

7,203

Directors' current accounts

206,546

152,212

Accruals

4,200

4,200

242,169

194,540

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

27.3.25

30.3.24

£

£

Bank loans (see note 9)

28,633

34,898

9.

LOANS

An analysis of the maturity of loans is given below:

27.3.25

30.3.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

687

-

Bank loans

7,884

7,884

8,571

7,884

Amounts falling due between one and two years:

Bank loans - 1-2 years

7,884

7,884

27.3.25

30.3.24

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

20,749

27,014

10.	DEFERRED TAX

£

Balance at 31 March 2024

(68,499

)

Balance at 27 March 2025

(68,499

)

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

27.3.25

30.3.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000