REGISTERED NUMBER: 12034064 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Creative Reasons Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C R Nichol

REGISTERED OFFICE:

27 Old Gloucester Street

London

United Kingdom

WC1N 3AX

REGISTERED NUMBER:

12034064 (England and Wales)

AUDITORS:

Harts Limited

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

FIXED ASSETS

Tangible assets

5

711

1,782

CURRENT ASSETS

Debtors

6

(1,622

)

10,912

Cash at bank and in hand

13,007

47,800

11,385

58,712

CREDITORS

Amounts falling due within one year

7

132,575

183,816

NET CURRENT LIABILITIES

(121,190

)

(125,104

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(120,479

)

(123,322

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(120,480

)

(123,323

)

SHAREHOLDERS' FUNDS

(120,479

)

(123,322

)

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 23 December 2025 and were signed by:

C R Nichol - Director

1.	STATUTORY INFORMATION

Creative Reasons 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 (£).

The place of business is 15 Rathbone St, Fitzrovia, London W1T 1NB.

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.

Plant and machinery etc - 33% on cost

Leasehold improvements - 20% on cost , over the five years the term of the lease

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.

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.

Going concern

After reviewing the company's financial situation, the directors have a reasonable expectation that the company has adequate resources, including the continuing financial support of its long term intra-group lenders and parent company, to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

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

4.	AUDITORS' REMUNERATION

31.12.24

31.12.23

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

3,508

2,620

5.	TANGIBLE FIXED ASSETS

Office

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

3,583

751

4,334

DEPRECIATION

At 1 January 2024

1,805

747

2,552

Charge for year

1,067

4

1,071

At 31 December 2024

2,872

751

3,623

NET BOOK VALUE

At 31 December 2024

711

-

711

At 31 December 2023

1,778

4

1,782

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

(2,791

)

10,912

Other debtors

1,169

-

(1,622

)

10,912

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

7,922

33,552

Amounts owed to group undertakings

82,215

103,524

Taxation and social security

-

9,358

Other creditors

42,438

37,382

132,575

183,816

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Melissa Bowers FCCA (Senior Statutory Auditor)

for and on behalf of Harts Limited

10.	ULTIMATE CONTROLLING PARTY

The parent company is Fabrix London Limited, a company incorporated in England and Wales (previously known as Fabrix Capital Limited) and the Ultimate parent company is Arvantis Group Holding GmbH, a company incorporated in Germany whose registered office is at Oberhachinger Str. 15, 82031 Grunewald, Germany.