Registration number: 9697633

NEED FOR NUTRITION EDUCATION/INNOVATION PROGRAMME (NNEDPRO) & CAMBRIDGE RESEARCH, EDUCATION AND TRAINING ENTERPRISE (CREATE)

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

NEED FOR NUTRITION EDUCATION/INNOVATION PROGRAMME (NNEDPRO) & CAMBRIDGE RESEARCH, EDUCATION AND TRAINING ENTERPRISE (CREATE)

(Registration number: 9697633)
Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,366	1,609
Current assets
Debtors	5	13,325	9,043
Cash at bank and in hand		14,116	59,579
		27,441	68,622
Creditors: Amounts falling due within one year	6	(49,119)	(44,360)
Net current (liabilities)/assets		(21,678)	24,262
Total assets less current liabilities		(18,312)	25,871
Creditors: Amounts falling due after more than one year	6	(116,667)	(150,000)
Net liabilities		(134,979)	(124,129)
Reserves
Retained earnings		(134,979)	(124,129)
Deficit		(134,979)	(124,129)

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 Director acknowledges 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 Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 29 April 2026

......................................... Prof Sumantra Ray Director

NEED FOR NUTRITION EDUCATION/INNOVATION PROGRAMME (NNEDPRO) & CAMBRIDGE RESEARCH, EDUCATION AND TRAINING ENTERPRISE (CREATE)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The Company is a company limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the Company in the event of liquidation.

The address of its registered office is:
St John's Innovation Centre
Cowley Road
Cambridge
CB4 0WS
England

These financial statements were authorised for issue by the director on 29 April 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.

NEED FOR NUTRITION EDUCATION/INNOVATION PROGRAMME (NNEDPRO) & CAMBRIDGE RESEARCH, EDUCATION AND TRAINING ENTERPRISE (CREATE)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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.

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:

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 debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

NEED FOR NUTRITION EDUCATION/INNOVATION PROGRAMME (NNEDPRO) & CAMBRIDGE RESEARCH, EDUCATION AND TRAINING ENTERPRISE (CREATE)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 income statement 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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2024 - 2).

NEED FOR NUTRITION EDUCATION/INNOVATION PROGRAMME (NNEDPRO) & CAMBRIDGE RESEARCH, EDUCATION AND TRAINING ENTERPRISE (CREATE)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 August 2024	1,703	1,703
Additions	2,378	2,378
At 31 July 2025	4,081	4,081
Depreciation
At 1 August 2024	94	94
Charge for the year	621	621
At 31 July 2025	715	715
Carrying amount
At 31 July 2025	3,366	3,366
At 31 July 2024	1,609	1,609

5

Debtors

Current	2025 £	2024 £
Trade debtors	10,400	6,307
Prepayments	2,925	2,736
	13,325	9,043

NEED FOR NUTRITION EDUCATION/INNOVATION PROGRAMME (NNEDPRO) & CAMBRIDGE RESEARCH, EDUCATION AND TRAINING ENTERPRISE (CREATE)

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	33,333	33,333
Trade creditors		3,327	-
Taxation and social security		484	866
Accruals and deferred income		11,975	10,161
		49,119	44,360

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	116,667	150,000

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	116,667	150,000

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	33,333	33,333

8	Going Concern

As indicated in the financial statements as at 31 July 2025, current liabilities exceeded current assets by £21,678 and indeed there was an overall deficiency of £134,979. The director confirms that with the support of the company's creditors, it is in the interests of the creditors, to continue to trade.