Creditas Capital Limited - Accounts to registrar (filleted) - small 18.2

Creditas Capital Limited - Accounts to registrar (filleted) - small 18.2

CREDITAS CAPITAL LIMITED - Company Information

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REGISTERED NUMBER: 07381541













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2018

FOR

CREDITAS CAPITAL LIMITED
CREDITAS CAPITAL LIMITED (REGISTERED NUMBER: 07381541)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CREDITAS CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2018







DIRECTORS: L A Jones
A M Jones





REGISTERED OFFICE: The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY





REGISTERED NUMBER: 07381541





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY
Page 1
CREDITAS CAPITAL LIMITED (REGISTERED NUMBER: 07381541)

BALANCE SHEET
30 DECEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 25,125 -
Investments 4 10,103 10,103
35,228 10,103

CURRENT ASSETS
Debtors 5 612,797 611,908
Cash at bank - 1,323
612,797 613,231
CREDITORS
Amounts falling due within one year 6 188,615 188,304
NET CURRENT ASSETS 424,182 424,927
TOTAL ASSETS LESS CURRENT
LIABILITIES
459,410
435,030

CAPITAL AND RESERVES
Called up share capital 7 50,000 12,500
Retained earnings 409,410 422,530
SHAREHOLDERS' FUNDS 459,410 435,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2018 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 notes form part of these financial statements

Page 2 continued...
CREDITAS CAPITAL LIMITED (REGISTERED NUMBER: 07381541)

BALANCE SHEET - continued
30 DECEMBER 2018


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 on 26 September 2019 and were signed on its behalf
by:




L A Jones - Director



A M Jones - Director


The notes form part of these financial statements

Page 3
CREDITAS CAPITAL LIMITED (REGISTERED NUMBER: 07381541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2018

1. STATUTORY INFORMATION

Creditas Capital Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates
and assumptions about the carrying values of assets and liabilities that are not readily apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other factors that are
considered relevant, Actual results may differ from these estimates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of
receivables is established where there is objective evidence that the company will not be able to collect all
amounts due according to the original terms of payment. Receivables are considered for impairment on a case by
case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using
the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the
contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in
which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid
investments with original maturities of three months or less, and bank overdrafts.

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.


Page 4 continued...
CREDITAS CAPITAL LIMITED (REGISTERED NUMBER: 07381541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2018

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 37,500
At 30 December 2018 37,500
DEPRECIATION
Charge for year 12,375
At 30 December 2018 12,375
NET BOOK VALUE
At 30 December 2018 25,125

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 December 2017
and 30 December 2018 10,103
NET BOOK VALUE
At 30 December 2018 10,103
At 30 December 2017 10,103

Page 5 continued...
CREDITAS CAPITAL LIMITED (REGISTERED NUMBER: 07381541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by group undertakings 606,282 606,282
Directors' current accounts 6,463 5,626
VAT 52 -
612,797 611,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 311 -
Amounts owed to group undertakings 176,401 176,401
Other creditors 10,103 10,103
Accrued expenses 1,800 1,800
188,615 188,304

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
50,000 Ordinary shares .25 50,000 12,500

8. RELATED PARTY DISCLOSURES

During the year the company continued to provide an interest-free , unsecured loan to the director Mr Lee Jones,
which is repayable on demand. At the balance sheet date the amount due from Mr Lee Jones was £6,463 (2017
£5,626)

The company has been provided with an interest-free, unsecured loan from its subsidiary Neutrino Networks
Limited. At the balance sheet date, the amount due to Neutrino Networks Limited was £176,401 (2017
£176,401).

The company has made an interest-free unsecured loan to its subsidiary Zaro Equestrian Limited. At the balance
sheet date , the amount due from Zaro Equestrian Limited was £563,242 (2017 £563,242)

The company has made an interest-free unsecured loan to its subsidiary RFD Network Limited. At the balance
sheet date , the amount due from RFD Network Limited was £10,000.

The company has made an interest-free unsecured loan to its subsidiary Ambient FM Limited. At the balance
sheet date, the amount due from Ambient FM Limited was £33,040.00.

9. ULTIMATE CONTROLLING PARTY

The controlling party is L A Jones.

Page 6