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Creed-Miles & Son Limited
Annual Report and Unaudited Financial Statements
Year Ended 30 June 2025

Registration number: 07283276

Creed-Miles & Son Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 6

Creed-Miles & Son Limited

Balance Sheet

30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 3,970,000 | 3,970,000
Investments | 5 | 698,626 | 698,626
|  | 4,668,626 | 4,668,626
Current assets |  |  |
Debtors | 6 | 396,554 | 397,594
Cash at bank and in hand |  | 128,760 | 80,662
|  | 525,314 | 478,256
Creditors: Amounts falling due within one year | 7 | (552,942) | (517,616)
Net current liabilities |  | (27,628) | (39,360)
Total assets less current liabilities |  | 4,640,998 | 4,629,266
Creditors: Amounts falling due after more than one year | 7 | (534,461) | (534,461)
Provisions for liabilities |  | (5,775) | (5,775)
Net assets |  | 4,100,762 | 4,089,030
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Capital redemption reserve |  | 83,000 | 83,000
Revaluation reserve |  | 3,012,207 | 3,012,207
Profit and loss account |  | 1,005,455 | 993,723
Shareholders' funds |  | 4,100,762 | 4,089,030

Creed-Miles & Son Limited

Balance Sheet

30 June 2025

For the financial year ending 30 June 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 January 2026 and signed on its behalf by:

......................................... Mr T O Creed-Miles Director

Company Registration Number: 07283276

Creed-Miles & Son Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

1 | General information

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

The address of its registered office and trading address is:
The Albany Boathouse
Lower Ham Road
Kingston Upon Thames
Surrey
KT2 5BB

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006. There are no material departures from FRS102.

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 provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
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

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 corporation 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.

Creed-Miles & Son Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

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:

Asset class | Depreciation method and rate
Fixtures & fittings | 20% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors 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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Classification
The company holds the following financial instruments:
• Short term other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Creed-Miles & Son Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

4 | Investment properties

| 2025 £
At 1 July | 3,970,000
At 30 June | 3,970,000

The last formal valuation of investment property by an independent valuer was in March 2021.

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 698,626 | 698,626

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | - | 1,040
Amounts owed by group undertakings | 10 | 396,554 | 396,554
|  | 396,554 | 397,594

7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 100,000 | 100,000
Amounts owed to group undertakings | 10 | 289,738 | 254,171
Taxation and social security |  | 42,954 | 38,945
Other creditors |  | 120,250 | 124,500
|  | 552,942 | 517,616

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 534,461 | 534,461

Creed-Miles & Son Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

8 | Loans and borrowings

| 2025 £ | 2024 £
Loans and borrowings due after one year
Redeemable preference shares | 534,461 | 534,461

| 2025 £ | 2024 £
Current loans and borrowings |  |
Redeemable preference shares | 100,000 | 100,000

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 90 | 90 | 90 | 90
Ordinary B shares of £1 each | 5 | 5 | 5 | 5
Ordinary C shares of £1 each | 5 | 5 | 5 | 5
Redeemable preference shares of £1 each | 634,461 | 634,461 | 634,461 | 634,461
| 634,561 | 634,561 | 634,561 | 634,561

10 | Related party transactions

The company has taken advantage of the exemption provided by FRS 102 to not disclose transactions between members of a wholly owned group.