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Unaudited Financial Statements for the Year Ended 31st December 2020 |
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Born Creative Holdings Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31st December 2020 |
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Born Creative Holdings Limited |
Born Creative Holdings Limited (Registered number: 10493277) |
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Contents of the Financial Statements |
for the Year Ended 31st December 2020 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 2 |
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Born Creative Holdings Limited (Registered number: 10493277) |
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Balance Sheet |
31st December 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Born Creative Holdings Limited (Registered number: 10493277) |
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Notes to the Financial Statements |
for the Year Ended 31st December 2020 |
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1. | STATUTORY INFORMATION |
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Born Creative Holdings Limited is a
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Registered number: | 10493277 |
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Registered office: | Treviot House |
186-192 High Road |
Ilford |
Essex |
IG1 1LR |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. |
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Preparation of consolidated financial statements |
The financial statements contain information about Born Creative Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Going concern |
The company has been negatively affected by the current ongoing situation with COVID-19. However, the |
directors are taking all available steps to counteract the effect on the business, in particular, securing external investment. As a result, the directors believe that they have the necessary reserves in the company to manage through the pandemic and beyond. Therefore, the accounts have been prepared on a going concern basis |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Born Creative Holdings Limited (Registered number: 10493277) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2020 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1st January 2020 |
and 31st December 2020 |
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NET BOOK VALUE |
At 31st December 2020 |
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At 31st December 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed by group undertakings |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Amounts owed to related parties | 2,343,570 | - |
Other creditors |
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7. | ULTIMATE CONTROLLING PARTY |
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The ultimate parent company is Creators Guild Limited a private company, limited by shares, registered in |
England and Wales. Registered number is 12568327 and registered office is Treviot House, 186-192 High Road, Ilford, Essex, United Kingdom, IG1 1LR. |