Create Financial Solutions Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Statement of Changes in Equity	4
Notes to the Financial Statements	5—9

♣Report to the directors on the preparation of the unaudited statutory accounts of Create Financial Solutions Limited for the year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Create Financial Solutions Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Create Financial Solutions Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Create Financial Solutions Limited and state those matters that we have agreed to state to the directors of Create Financial Solutions Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Create Financial Solutions Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Create Financial Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Create Financial Solutions Limited . You consider that Create Financial Solutions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Create Financial Solutions Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

1 July 2026

Nuvo Scotland Limited

Bankhead Drive

City South Office Park

Portlethen

Aberdeen

AB12 4XX

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Create Financial Solutions Limited

Balance Sheet

As At 31 March 2026

Balance Sheet

Registered number: SC274209

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		305,198		360,924
Tangible Assets	5		336,201		230,286
Investments	6		5,777,510		-

			6,418,909		591,210
CURRENT ASSETS
Debtors	7	2,609,700		2,134,440
Cash at bank and in hand		859,475		339,700

		3,469,175		2,474,140
Creditors: Amounts Falling Due Within One Year	8	(4,278,779 )		(252,978 )

NET CURRENT ASSETS (LIABILITIES)			(809,604 )		2,221,162

TOTAL ASSETS LESS CURRENT LIABILITIES			5,609,305		2,812,372

Creditors: Amounts Falling Due After More Than One Year	9		(5,276,806 )		(2,602,548 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(84,050 )		(57,572 )

NET ASSETS			248,449		152,252

CAPITAL AND RESERVES
Called up share capital			4		4
Profit and Loss Account			248,445		152,248

SHAREHOLDERS' FUNDS			248,449		152,252

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Create Financial Solutions Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S Gallagher

Director

1 July 2026

The notes on pages 5 to 9 form part of these financial statements.

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Create Financial Solutions Limited

Statement of Changes in Equity

For The Year Ended 31 March 2026

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 April 2024	4	327,596	327,600
Profit for the year and total comprehensive income	-	146,652	146,652

Dividends paid	-	(322,000)	(322,000)

As at 31 March 2025 and 1 April 2025	4	152,248	152,252


Profit for the year and total comprehensive income	-	346,917	346,917

Dividends paid	-	(250,720)	(250,720)

As at 31 March 2026	4	248,445	248,449

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Create Financial Solutions Limited

Notes to the Financial Statements

For The Year Ended 31 March 2026

Notes to the Financial Statements

1. General Information

Create Financial Solutions Limited is a private company, limited by shares, incorporated in Scotland, registered number SC274209 . The registered office is Bankhead Drive, City South Office Park, Portlethen, AB12 4XX.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover namely comprises commission, referrals and fees for services rendered. Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and any other sales taxes.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	33% on cost
Computer Equipment	33% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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Create Financial Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Investments

Investments are recognised initially at cost plus transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2025: 10)

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Create Financial Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	379,920

As at 31 March 2026	379,920

Amortisation
As at 1 April 2025	18,996
Provided during the period	37,059
Impairment losses	18,667

As at 31 March 2026	74,722

Net Book Value
As at 31 March 2026	305,198

As at 1 April 2025	360,924

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	252,458	25,846	26,887	305,191
Additions	159,365	8,783	14,968	183,116

As at 31 March 2026	411,823	34,629	41,855	488,307

Depreciation
As at 1 April 2025	50,951	5,170	18,784	74,905
Provided during the period	60,337	10,848	6,016	77,201

As at 31 March 2026	111,288	16,018	24,800	152,106

Net Book Value
As at 31 March 2026	300,535	18,611	17,055	336,201

As at 1 April 2025	201,507	20,676	8,103	230,286

6. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 April 2025	-
Additions	5,777,510

As at 31 March 2026	5,777,510

Provision
As at 1 April 2025	-

As at 31 March 2026	-

...CONTINUED

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Create Financial Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Net Book Value
As at 31 March 2026	5,777,510

As at 1 April 2025	-

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	33,618	2,680
Prepayments and accrued income	5,171	14,684
Other debtors	5,000	1,900
Amounts owed by group undertakings	2,565,911	2,115,176

	2,609,700	2,134,440

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	55,589	20,422
Trade creditors	7,078	27,360
Corporation tax	17,188	4,399
Other taxes and social security	17,865	8,005
Other creditors	1,599,090	185,675
Accruals and deferred income	3,000	3,998
Directors' loan accounts	3,247	3,119
Amounts owed to subsidiaries	2,575,722	-

	4,278,779	252,978

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	214,306	152,298
Bank loans	5,062,500	2,450,250

	5,276,806	2,602,548

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2026		2025
	£		£
Bank loans	3,720,696		1,458,482

10. Secured Creditors

Of the creditors the following amounts are secured.

The company has granted a fixed and floating charge in favour of Quilter Financial Planning Limited over all property and undertakings of the company.

	2026		2025
	£		£
Bank loans and overdrafts	5,062,500		2,450,250

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Create Financial Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

11. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	55,589	20,422
Later than one year and not later than five years	214,306	152,298

	269,895	172,720

	269,895	172,720

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2025	57,572	57,572
Deferred taxation	26,478	26,478

Balance at 31 March 2026	84,050	84,050

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	60,000	30,000
Later than one year and not later than five years	43,500	-

	103,500	30,000

14. Directors Advances, Credits and Guarantees

Included within Creditors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Stuart Gallagher	621	(621 )	1,468	-	1,468
Mr Lachlan Bursle	424	(424 )	1,468	-	1,468
Mr Thomas Murray	2,074	(2,074 )	312	-	312

The above loan is interest free and has no fixed repayment terms.

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