CREATIVE ENTERTAINMENT TWO LIMITED


Director	IKRAM, Abdul Basit


Registered Address	2nd Floor, Grove House
	55 Lowlands Road
	Harrow
	HA1 3AW


Registered Number	12517713 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		43,886		51,747
Tangible assets	4		75,772		99,337
			119,658		151,084
Current assets
Stocks	5	130,193		131,571
Debtors	6	33,444		17,105
Cash at bank and on hand		10,547		9,858
		174,184		158,534
Creditors amounts falling due within one year	7	(313,827)		(357,960)
Net current assets (liabilities)			(139,643)		(199,426)
Total assets less current liabilities			(19,985)		(48,342)
Net assets			(19,985)		(48,342)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(20,085)		(48,442)
Shareholders' funds			(19,985)		(48,342)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 31 December 2025, and are signed on its behalf by:

IKRAM, Abdul Basit
Director
Registered Company No. 12517713

CREATIVE ENTERTAINMENT TWO LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	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.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Goodwill being the amount paid in connection with the acquisition of the business in 2020, is being amortised evenly over its estimated life of ten years.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	25
	Fixtures and fittings	25
	Office Equipment	25

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	19		19

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	78,602	78,602
At 31 March 25	78,602	78,602
Amortisation and impairment
At 01 April 24	26,855	26,855
Charge for year	7,861	7,861
At 31 March 25	34,716	34,716
Net book value
At 31 March 25	43,886	43,886
At 31 March 24	51,747	51,747

4.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	224,585	26,827	1,270	252,682
Additions	-	1,486	-	1,486
At 31 March 25	224,585	28,313	1,270	254,168
Depreciation and impairment
At 01 April 24	139,534	13,223	588	153,345
Charge for year	21,263	3,618	170	25,051
At 31 March 25	160,797	16,841	758	178,396
Net book value
At 31 March 25	63,788	11,472	512	75,772
At 31 March 24	85,051	13,604	682	99,337

5.	Stocks

	2025	2024
	£	£
Finished goods	130,193	131,571
Total	130,193	131,571

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	910	1,215
Prepayments and accrued income	32,534	15,890
Total	33,444	17,105

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	31,238	11,175
Amounts owed to related parties	153,394	238,658
Taxation and social security	29,813	28,231
Other creditors	99,382	79,896
Total	313,827	357,960


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

9.	Related party transactions
	At the year end, the company owed £13,394 (2024: £98,658) to Creative Entertainment Ltd and £140,000 (2024: £140,000) to Ikram Group Ltd. The companies are related as Mr A B Ikram is also the director of these companies.