ACCOUNTS - Final Accounts

Registered number: 07326539

CREATURES INC. LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

CREATURES INC. LIMITED

Company Information

Directors	C O'Sullivan
	K A Strachan


Registered number	07326539


Registered office	1 Park Road
	Hanwell
	London
	W7 1LY

CREATURES INC. LIMITED

Registered number: 07326539

Balance Sheet

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		2,097		2,359
			2,097		2,359
Current assets
Debtors: amounts falling due after more than one year	5	2,867		2,867
Debtors: amounts falling due within one year	5	32,735		-
Cash at bank and in hand		33,456		119,359
		69,058		122,226
Creditors: amounts falling due within one year	6	(32,953)		(73,648)
Net current assets			36,105		48,578
Total assets less current liabilities			38,202		50,937

Net assets			38,202		50,937

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		38,102	50,837
		38,202	50,937

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CREATURES INC. LIMITED

Registered number: 07326539

Balance Sheet (continued)

As at 31 March 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 January 2026.

C O'Sullivan

Director

The notes on pages 3 to 7 form part of these financial statements.

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CREATURES INC. LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2025

1.	General information

Creatures Inc. Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The company's registered office is 1 Park Road, Hanwell, London, W7 1LY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Equipment

25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Finance costs

Finance costs are charged to the Profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

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CREATURES INC. LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.5

Borrowing costs

All borrowing costs are recognised in the Profit and loss account in the year in which they are incurred.

2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and loss account.

2.9

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured intially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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CREATURES INC. LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2025

2.Accounting policies (continued)

2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 6).

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CREATURES INC. LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 April 2024	9,337
	Additions	675
	Disposals	(2,376)
	At 31 March 2025	7,636
	Depreciation
	At 1 April 2024	6,978
	Charge for the year on owned assets	674
	Disposals	(2,113)
	At 31 March 2025	5,539
	Net book value
	At 31 March 2025	2,097
	At 31 March 2024	2,359

5.	Debtors
		2025	2024
		£	£

Due after more than one year
Other debtors	2,867	2,867
	2,867	2,867

					2025	2024
					£	£

Due within one year
Trade debtors	28,925	-
Other debtors	220	-
Prepayments and accrued income	3,590	-
	32,735	-

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CREATURES INC. LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	-	4,004
Trade creditors	809	10,262
Corporation tax	6,458	13,598
Other taxation and social security	14,734	35,394
Other creditors	10,952	10,390
	32,953	73,648

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

8.	Commitments under operating leases
	At 31 March 2025 the Company had future minimum lease payments under non-cancellable operating leases of £62,234 (2024: £94,704).

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