Cretian Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03475672 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CRETIAN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J C Scutt

Mrs H R Scutt

SECRETARY:

Mrs H R Scutt

REGISTERED OFFICE:

Stradbroke Cottage

Homington Road

Coombe Bissett

Salisbury

SP5 4LY

REGISTERED NUMBER:

03475672 (England and Wales)

ACCOUNTANTS:

Fawcetts LLP

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

4

-

Investments

5

517,607

378,210

Investment property

6

102,381

619,988

480,591

CURRENT ASSETS

Debtors

7

913

3,069

Cash at bank

18,951

69,114

19,864

72,183

CREDITORS

Amounts falling due within one year

8

21,508

56,417

NET CURRENT (LIABILITIES)/ASSETS

(1,644

)

15,766

TOTAL ASSETS LESS CURRENT LIABILITIES

618,344

496,357

CAPITAL AND RESERVES

Called up share capital

9

100

Fair value reserve

10

119,550

-

Retained earnings

10

498,694

496,257

SHAREHOLDERS' FUNDS

618,344

496,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2026 and were signed on its behalf by:

S J C Scutt - Director

1.	STATUTORY INFORMATION

Cretian Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebate and value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of acquisition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the 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.

Investment properties

In accordance with the FRS102, because the land and buildings shown in the Balance Sheet are investment properties, no depreciation has been provided. Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to the fair value reserve.

Fixed asset investments

Listed investments are recorded at market value. Any aggregate surplus or deficit arising from changes in market value is transferred to the fair value reserve.

Debtors

Debtors are measured at their recoverable amount.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

2,930

DEPRECIATION

At 1 April 2025

and 31 March 2026

2,930

NET BOOK VALUE

At 31 March 2026

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

378,210

Additions

39,840

Disposals

(19,993

)

Revaluations

119,550

At 31 March 2026

517,607

NET BOOK VALUE

At 31 March 2026

517,607

At 31 March 2025

378,210

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 2026

81,141

Cost

436,466

517,607

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

102,381

NET BOOK VALUE

At 31 March 2026

102,381

At 31 March 2025

102,381

Fair value at 31 March 2026 is represented by:

£

Valuation in 2012

102,381

If the investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

102,381

The investment properties were valued on an open market basis on 31 March 2012 by S J C Scutt FRICS .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

305

2,400

Other debtors

608

669

913

3,069

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Taxation and social security

5,572

34,717

Other creditors

15,936

21,700

21,508

56,417

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

98

Ordinary C

£1

98

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2025

496,257

-

496,257

Profit for the year

121,987

Transfers

(119,550

)

119,550

-

At 31 March 2026

498,694

119,550

618,244

Fair value reserve

This reserve is used to record gains in the fair value of investment properties and fixed asset investments together with losses to the extent that such a loss relates to a previous gain on the same asset. It is also used to record the corresponding deferred tax (charge)/credit on fair value changes in investment property.

11.	RELATED PARTY DISCLOSURES

Creditors due within one year include £9,117 (2025 - £17,122) which is owed to the directors.