REGISTERED NUMBER: 08971892 (England and Wales)

Report of the Director and

Unaudited Consolidated Financial Statements for the Year Ended 31 August 2025

for

Creative Network Partners Limited

Page

Report of the Director

1

Consolidated Income Statement

2

Consolidated Balance Sheet

3

Company Balance Sheet

5

Notes to the Consolidated Financial Statements

7

The director presents his report with the financial statements of the company and the group for the year ended 31 August 2025.

DIRECTOR

Mr L Lawson-O'Neil held office during the whole of the period from 1 September 2024 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr L Lawson-O'Neil - Director

13 August 2026

TURNOVER

8,060,529

7,184,496

Cost of sales

3,170,071

3,029,664

GROSS PROFIT

4,890,458

4,154,832

Administrative expenses

3,690,764

3,954,658

1,199,694

200,174

Other operating income

62,159

12,146

OPERATING PROFIT

4

1,261,853

212,320

Gain/loss on revaluation of investment property

234,226

1,496,456

1,496,079

1,708,776

Interest payable and similar expenses

315,450

252,152

PROFIT BEFORE TAXATION

1,180,629

1,456,624

Tax on profit

5

218,003

313,973

PROFIT FOR THE FINANCIAL YEAR

962,626

1,142,651

Profit attributable to:

Owners of the parent

962,626

1,142,651

FIXED ASSETS

Intangible assets

7

(79,342

)

(79,342

)

Tangible assets

8

8,744,249

8,387,505

Investments

9

-

-

Investment property

10

22,800,000

22,300,000

31,464,907

30,608,163

CURRENT ASSETS

Debtors

11

1,985,881

1,865,425

Prepayments and accrued income

1,301,525

1,301,525

Cash at bank

278,040

17,167

3,565,446

3,184,117

CREDITORS

Amounts falling due within one year

12

14,186,951

4,342,927

NET CURRENT LIABILITIES

(10,621,505

)

(1,158,810

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,843,402

29,449,353

CREDITORS

Amounts falling due after more than one year

13

(4,363,354

)

(14,149,937

)

PROVISIONS FOR LIABILITIES

14

(3,407,236

)

(3,189,233

)

NET ASSETS

13,072,812

12,110,183

CAPITAL AND RESERVES

Called up share capital

15

6

6

Retained earnings

13,072,806

12,110,177

SHAREHOLDERS' FUNDS

13,072,812

12,110,183

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the group keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company and the group as at the end of each financial year and of the group's profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company and the group.

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

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

Mr L Lawson-O'Neil - Director

FIXED ASSETS

Intangible assets

7

-

-

Tangible assets

8

2,155,495

2,191,020

Investments

9

14,518

14,515

Investment property

10

6,000,000

5,900,000

8,170,013

8,105,535

CURRENT ASSETS

Debtors

11

24,521,860

23,499,219

Cash at bank

617

352

24,522,477

23,499,571

CREDITORS

Amounts falling due within one year

12

27,899,327

16,128,308

NET CURRENT (LIABILITIES)/ASSETS

(3,376,850

)

7,371,263

TOTAL ASSETS LESS CURRENT LIABILITIES

4,793,163

15,476,798

CREDITORS

Amounts falling due after more than one year

13

(568,061

)

(11,036,477

)

PROVISIONS FOR LIABILITIES

14

(1,260,209

)

(1,162,789

)

NET ASSETS

2,964,893

3,277,532

CAPITAL AND RESERVES

Called up share capital

15

6

6

Retained earnings

2,964,887

3,277,526

SHAREHOLDERS' FUNDS

2,964,893

3,277,532

Company's (loss)/profit for the financial year

(312,639

)

409,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the director and authorised for issue on 13 August 2026 and were signed by:

Mr L Lawson-O'Neil - Director

1.	STATUTORY INFORMATION

Creative Network Partners Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08971892

Registered office:

Hackney Downs Studios

Amhurst Terrace

London

E8 2BT

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold improvements

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures, fittings and equipment

-

25% on cost and 10% on cost

Motor vehicles

-

33% on cost and 25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2024 - 48 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.8.25

31.8.24

£

£

Depreciation - owned assets

769,698

781,643

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.8.25

31.8.24

£

£

Deferred tax

218,003

313,973

Tax on profit

218,003

313,973

6.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

7.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

(79,342

)

NET BOOK VALUE

At 31 August 2025

(79,342

)

At 31 August 2024

(79,342

)

8.	TANGIBLE FIXED ASSETS

Group

Short

Freehold

leasehold

Plant and

property

improvements

machinery

£

£

£

COST OR VALUATION

At 1 September 2024

1,510,000

6,847,258

129,499

Additions

-

1,066,681

10,610

Disposals

-

-

-

Revaluations

40,000

-

-

At 31 August 2025

1,550,000

7,913,939

140,109

DEPRECIATION

At 1 September 2024

-

1,665,552

99,069

Charge for year

-

617,317

11,839

Eliminated on disposal

-

-

-

At 31 August 2025

-

2,282,869

110,908

NET BOOK VALUE

At 31 August 2025

1,550,000

5,631,070

29,201

At 31 August 2024

1,510,000

5,181,706

30,430

Fixtures,

fittings

and

Motor

equipment

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 September 2024

1,761,593

44,000

10,292,350

Additions

45,151

-

1,122,442

Disposals

-

(44,000

)

(44,000

)

Revaluations

-

-

40,000

At 31 August 2025

1,806,744

-

11,410,792

DEPRECIATION

At 1 September 2024

132,224

8,000

1,904,845

Charge for year

140,542

-

769,698

Eliminated on disposal

-

(8,000

)

(8,000

)

At 31 August 2025

272,766

-

2,666,543

NET BOOK VALUE

At 31 August 2025

1,533,978

-

8,744,249

At 31 August 2024

1,629,369

36,000

8,387,505

Cost or valuation at 31 August 2025 is represented by:

Fixtures,

Short

fittings

Freehold

leasehold

Plant and

and

property

improvements

machinery

equipment

Totals

£

£

£

£

£

Valuation in 2023

389,439

-

-

-

389,439

Valuation in 2025

40,000

-

-

-

40,000

Cost

1,120,561

7,913,939

140,109

1,806,744

10,981,353

1,550,000

7,913,939

140,109

1,806,744

11,410,792

Company

Fixtures,

fittings

Freehold

and

property

equipment

Totals

£

£

£

COST OR VALUATION

At 1 September 2024

1,510,000

755,247

2,265,247

Revaluations

40,000

-

40,000

At 31 August 2025

1,550,000

755,247

2,305,247

DEPRECIATION

At 1 September 2024

-

74,227

74,227

Charge for year

-

75,525

75,525

At 31 August 2025

-

149,752

149,752

NET BOOK VALUE

At 31 August 2025

1,550,000

605,495

2,155,495

At 31 August 2024

1,510,000

681,020

2,191,020

Cost or valuation at 31 August 2025 is represented by:

Fixtures,

fittings

Freehold

and

property

equipment

Totals

£

£

£

Valuation in 2023

389,440

-

389,440

Valuation in 2025

40,000

-

40,000

Cost

1,120,560

755,247

1,875,807

1,550,000

755,247

2,305,247

9.	FIXED ASSET INVESTMENTS

Company

Shares in

group

undertakings

£

COST

At 1 September 2024

14,515

Additions

3

At 31 August 2025

14,518

NET BOOK VALUE

At 31 August 2025

14,518

At 31 August 2024

14,515

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

EatWorkArt Limited

Registered office: Hackney Downs Studios,Amhurst Terrace, London E8 2BT

Nature of business: Property management

%

Class of shares:

holding

Ordinary

100.00

31.8.25

31.8.24

£

£

Aggregate capital and reserves

17,429,475

16,154,145

Profit for the year

1,275,330

1,693,611

Creative Network Communications Limited

Registered office: Hackney Downs, Amhurst Terrace, London E8 2BT

Nature of business: Provision of office utilities and services

%

Class of shares:

holding

Ordinary

100.00

31.5.25

31.8.24

£

£

Aggregate capital and reserves

(9,647,129

)

(9,671,498

)

Profit/(loss) for the year

24,369

(906,659

)

Creative Network Communications Limited entered into voluntary liquidation on 05/06/2025.

Holetown Limited

Registered office: Hackney Downs, Amhurst Terrace, London E8 2BT

Nature of business: Event planning and farming activities

%

Class of shares:

holding

Ordinary

100.00

31.8.25

31.8.24

£

£

Aggregate capital and reserves

(1,365,194

)

(1,084,971

)

Loss for the year

(280,223

)

(309,600

)

KHH Limited

Registered office: Hackney Downs, Amhurst Terrace, London E8 2BT

Nature of business: Property management

%

Class of shares:

holding

Ordinary

100.00

31.8.25

31.8.24

£

£

Aggregate capital and reserves

285,470

181,468

Profit/(loss) for the year

104,002

(20,954

)

EatWorkArt Investments Limited

Registered office: Hackney Downs Studios,Amhurst Terrace, London,E8 2BT

Nature of business: Property management

%

Class of shares:

holding

Ordinary

100.00

31.8.25

31.8.24

£

£

Aggregate capital and reserves

1,856,196

1,735,845

Profit/(loss) for the year

120,351

(237,768

)

Sunburn Workshops Holdings Limited

Registered office: Hackney Downs Studios,Amhurst Terrace, London,E8 2BT

Nature of business: Property management

%

Class of shares:

holding

Ordinary

100.00

31.8.25

31.8.24

£

£

Aggregate capital and reserves

1,967,668

1,930,393

Profit for the year

37,275

514,923

Armada Way Limited

Registered office: Hackney Downs Studios,Amhurst Terrace, London,E8 2BT

Nature of business: Property management

%

Class of shares:

holding

Ordinary

100.00

31.8.25

31.8.24

£

£

Aggregate capital and reserves

(419

)

(419

)

Loss for the year

-

(420

)

Netil House Limited

Registered office: Hackney Downs Studios,Amhurst Terrace, London,E8 2BT

Nature of business: Property management

%

Class of shares:

holding

Ordinary

100.00

31.8.25

31.8.24

£

£

Aggregate capital and reserves

1

1