Company registration number 04541880 (England and Wales)
CREIGHTON-WARD LUXURY CARS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CREIGHTON-WARD LUXURY CARS LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
CREIGHTON-WARD LUXURY CARS LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
18,747
25,105
Current assets
Stocks
20,979
20,979
Debtors
4
9,678
6,956
Cash at bank and in hand
3,229
4,272
33,886
32,207
Creditors: amounts falling due within one year
5
(1,057,480)
(1,040,191)
Net current liabilities
(1,023,594)
(1,007,984)
Total assets less current liabilities
(1,004,847)
(982,879)
Creditors: amounts falling due after more than one year
6
-
0
(24,791)
Net liabilities
(1,004,847)
(1,007,670)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(1,004,849)
(1,007,672)
Total equity
(1,004,847)
(1,007,670)

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

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

The director acknowledges his 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 director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 17 July 2026
B F Carne
Director
Company registration number 04541880 (England and Wales)
CREIGHTON-WARD LUXURY CARS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Creighton-Ward Luxury Cars Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Popes Manor, Murrell Hill Lane, Binfield, Bracknell, England, RG42 4DA.

1.1
Basis of preparation

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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts 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.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CREIGHTON-WARD LUXURY CARS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the 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 an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

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.

1.8
Financial instruments

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 statement of financial position 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

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

Basic financial liabilities, including creditors and loans from fellow group companies, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

CREIGHTON-WARD LUXURY CARS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.10
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

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

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025 and 31 December 2025
64,575
Depreciation and impairment
At 1 January 2025
39,470
Depreciation charged in the year
6,358
At 31 December 2025
45,828
Carrying amount
At 31 December 2025
18,747
At 31 December 2024
25,105

Included within the net book value of £18,747 is a total of £18,747 (20 24: £24,995) in respect of assets subject to finance leases and hire purchase contracts. The depreciation charge to the financial statements in the year in respect of such assets amounted to £6,249 (20 24: £8,332).

CREIGHTON-WARD LUXURY CARS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,561
6,840
Other debtors
117
116
9,678
6,956
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
8,293
6,036
Taxation and social security
620
638
Other creditors
1,048,567
1,033,517
1,057,480
1,040,191
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
-
0
24,791
2025-12-31 2025-01-01 false false false CCH Software CCH Accounts Production 2026.100 No description of principal activity B F Carne T M Baker 04541880 2025-01-01 2025-12-31 04541880 2025-12-31 04541880 2024-12-31 04541880 core:OtherPropertyPlantEquipment 2025-12-31 04541880 core:OtherPropertyPlantEquipment 2024-12-31 04541880 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 04541880 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04541880 core:Non-currentFinancialInstruments core:AfterOneYear 2025-12-31 04541880 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 04541880 core:CurrentFinancialInstruments 2025-12-31 04541880 core:CurrentFinancialInstruments 2024-12-31 04541880 core:ShareCapital 2025-12-31 04541880 core:ShareCapital 2024-12-31 04541880 core:RetainedEarningsAccumulatedLosses 2025-12-31 04541880 core:RetainedEarningsAccumulatedLosses 2024-12-31 04541880 bus:Director1 2025-01-01 2025-12-31 04541880 core:PlantMachinery 2025-01-01 2025-12-31 04541880 core:ComputerEquipment 2025-01-01 2025-12-31 04541880 core:MotorVehicles 2025-01-01 2025-12-31 04541880 2024-01-01 2024-12-31 04541880 core:OtherPropertyPlantEquipment 2024-12-31 04541880 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 04541880 core:Non-currentFinancialInstruments 2025-12-31 04541880 core:Non-currentFinancialInstruments 2024-12-31 04541880 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04541880 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04541880 bus:FRS102 2025-01-01 2025-12-31 04541880 bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 04541880 bus:CompanySecretary1 2025-01-01 2025-12-31 04541880 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP