For the financial period ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

UK Creative Festival Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 27 La Belle Alliance Square, Ramsgate, Kent, United Kingdom, CT11 8HZ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

These financial statements are being prepared on the going concern basis. During the period, the company made profit of £92,769 (losses 2024: £56,877) and at the period end had net liabilities of £130,719 (2024: £223,488). The directors have confirmed they will continue to support the company for a period of at least 12 months from the date of approval of the financial statements. Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the accounts.

The previous financial statements have been prepared for the full year from 1 January 2024 to 31 December 2024. The current year financial statements cover a period of less than one year, from 1 January 2025 to 31 August 2025 due to the company shortening their year end to bring in line with their main event in the year. As current year is shorter than previous the results are not entirely comparable.

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The Company generates income from organising and running a live festival event, primarily through ticket sales and related event income. Revenue is recognised when the festival takes place, as this is when the service is provided to customers. Amounts received in advance of the event are held as deferred income and recognised as revenue when the festival occurs. Revenue is stated net of VAT.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

The average monthly number of persons (including directors) employed by the company during the period was:

At the balance sheet date, £44,969 (2024: £12,175 creditor) was owed by Creative Circle UK Limited, a company with directors in common.

At the balance sheet date, £5,536 (2024: £5,536) was owed to Creative Circle Foundation, an entity in which a trustee is also a director.

At the balance sheet date, £120,817 (2024: £137,530) was owed to the directors.