REGISTERED NUMBER: 05506143 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

FOR

CREATIVE RISK SOLUTIONS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A J Norcott

I Storm

N M Bruno

SECRETARY:

E L Ainscough

REGISTERED OFFICE:

6 Deryn Court

Wharfedale Road

Pentwyn

Cardiff

CF23 7HA

REGISTERED NUMBER:

05506143 (England and Wales)

ACCOUNTANTS:

Clive Shedd & Co

Chartered Accountants

232 Sladepool Farm Road

Birmingham

B14 5EE

FIXED ASSETS

Tangible assets

5

3,259

5,096

Investments

6

125,865

-

129,124

5,096

CURRENT ASSETS

Debtors

7

407,323

356,680

Cash at bank

75,621

91,812

482,944

448,492

CREDITORS

Amounts falling due within one year

8

179,613

103,781

NET CURRENT ASSETS

303,331

344,711

TOTAL ASSETS LESS CURRENT LIABILITIES

432,455

349,807

CAPITAL AND RESERVES

Called up share capital

10

345,100

345,100

Retained earnings

87,355

4,707

SHAREHOLDERS' FUNDS

432,455

349,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2026 and were signed on its behalf by:

A J Norcott - Director

1.	STATUTORY INFORMATION

Creative Risk Solutions 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company's functional and presentation currency is the pound sterling, rounded to the nearest £.

Related party exemption

Significant judgements and estimates

In preparing these financial statements the company's management make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the statement of financial position date and the amounts reported in the income statement for the period under review.

The nature of estimates means that the actual outcome could differ and the company's management consider there are no estimates or assumptions that have a significant risk of causing a material adjustment to the amounts reported for assets and liabilities within the next financial year.

The company's management also consider the future cash requirements of the company and its available resources in order to ensure that the going concern basis used in the preparation of these financial statements is appropriate for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Fee, commission and brokerage income includes initial income receivable on the commencement of a new policy which is recognised when the policy goes on risk. Fee and commission income also includes on-going fees which are recognised as the services are provided and renewal commissions which are recognised when earned.

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 and 20% on cost

Tangible fixed assets are initially recorded at cost.

Investments in subsidiaries

Fixed asset investments are initially recorded at cost and are subsequently measured at cost less any amounts provided for impairment.

Financial instruments

Basic financial assets and liabilities are initially recognised at transaction price and are subsequently measured at amortised cost.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Operating lease commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to defined contribution pension schemes for its employees. Contributions payable are charged to profit or loss in the period to which they relate.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the amount expected to be paid in exchange for that service.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

and 30 April 2025

83,832

DEPRECIATION

At 1 May 2024

78,736

Charge for year

1,837

At 30 April 2025

80,573

NET BOOK VALUE

At 30 April 2025

3,259

At 30 April 2024

5,096

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

125,865

At 30 April 2025

125,865

NET BOOK VALUE

At 30 April 2025

125,865

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

62,454

111,004

Amounts owed by group undertakings

331,351

219,555

Other debtors

-

10,000

Prepayments and accrued income

13,518

16,121

407,323

356,680

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,143

6,966

Amounts owed to group undertakings

100,717

-

Taxation and social security

42,563

37,129

Accruals and deferred income

32,190

59,686

179,613

103,781

9.	SECURED DEBTS

Group bank borrowings are supported by a company debenture. Any assets held in accounts designated client accounts are excluded from the security given.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

345,100

Ordinary

£1

345,100

345,100

11.	IMMEDIATE AND ULTIMATE PARENT COMPANY