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Registration number: 09893849

Creake Business Park Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Creake Business Park Limited

Contents

Company Information | 1
Statement of financial position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Creake Business Park Limited

Company Information

Directors | Mr Wyndham Spice Mrs Sarah Spice

Registered office | 19 King Street King's Lynn Norfolk PE30 1HB

Accountants | Hayhow & Co Chartered Certified Accountants & Business Advisers19 King Street King's Lynn Norfolk PE30 1HB

Creake Business Park Limited

(Registration number: 09893849)
Statement of financial position as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,909 | -
Investment property | 5 | 1,600,000 | 1,600,000
|  | 1,601,909 | 1,600,000
Current assets |  |  |
Debtors | 6 | 321,850 | 320,373
Cash at bank and in hand |  | 8,367 | 4,795
|  | 330,217 | 325,168
Creditors: Amounts falling due within one year | 7 | (732,274) | (730,787)
Net current liabilities |  | (402,057) | (405,619)
Total assets less current liabilities |  | 1,199,852 | 1,194,381
Creditors: Amounts falling due after more than one year | 7 | (490,579) | (538,259)
Provisions for liabilities |  | (99,953) | (99,476)
Net assets |  | 609,320 | 556,646
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Revaluation reserve |  | 335,861 | -
Other reserves |  | - | 335,861
Retained earnings |  | 273,359 | 220,685
Shareholders' funds |  | 609,320 | 556,646

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 24 February 2026 and signed on its behalf by:

Creake Business Park Limited

(Registration number: 09893849)
Statement of financial position as at 30 November 2025

......................................... Mr Wyndham Spice Director

Creake Business Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 King Street
King's Lynn
Norfolk
PE30 1HB

These financial statements were authorised for issue by the Board on 24 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Creake Business Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Creake Business Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
Additions | 2,545 | 2,545
At 30 November 2025 | 2,545 | 2,545
Depreciation
Charge for the year | 636 | 636
At 30 November 2025 | 636 | 636
Carrying amount
At 30 November 2025 | 1,909 | 1,909

5 | Investment properties

| 2025 £
At 1 December | 1,600,000
At 30 November | 1,600,000

The investment property was last revalued in the year ending 30 November 2024 by professional surveyors.

Creake Business Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6 | Debtors

| Note | 2025 £ | 2024 £
Amounts owed by related parties | 10 | 321,524 | 317,968
Other debtors |  | 326 | 382
Prepayments |  | - | 2,023
|  | 321,850 | 320,373

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 42,500 | 37,000
Trade creditors |  | 1,064 | -
Amounts due to related parties | 10 | 660,959 | 673,374
Social security and other taxes |  | 5,887 | 5,046
Accruals |  | 5,089 | 2,850
Tax liability |  | 16,775 | 12,517
|  | 732,274 | 730,787
Due after one year |  |  |
Loans and borrowings | 9 | 490,579 | 538,259

Creditors include bank loans which are secured of £42,500 (2024 - £37,000).
Creditors due after one year include bank loans which are secured of £490,579 (2024 - £538,259).

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A Shares of £1 each | 45 | 45 | 45 | 45
Ordinary B Shares of £1 each | 45 | 45 | 45 | 45
Ordinary C Shares of £1 each | 5 | 5 | 5 | 5
Ordinary D Shares of £1 each | 5 | 5 | 5 | 5
| 100 | 100 | 100 | 100

Creake Business Park Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 490,579 | 538,259

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 42,500 | 37,000

10 | Related party transactions

In the year, Creake Business Park Limited charged rental income totalling £115,000 (2024: £108,000) to W G Spice Building Limited.
W G Spice Building Limited recharged expenses totalling £Nil (2024: £6,600).
At the year end, Creake Business Park Limited was owed £35,664 (2024: £32,108) by South Creake Business Park Limited, and £285,860 (2024: £285,860) by W Spice Building Limited.
At the year end, Creake Business Park Limited owed £654,546 (2024: £644,546) to W G Spice Building Limited.
Mr. W. Spice a director of Creake Business Park Limited is also a director of W G Spice Building Limited and W Spice Building Limited and South Creake Business Park Limited