Company Registration No. 02970285 (England and Wales)
Krysium Advisors Limited
Unaudited accounts
for the year ended 31 December 2023
Krysium Advisors Limited
Unaudited accounts
Contents
Krysium Advisors Limited
Company Information
for the year ended 31 December 2023
Directors
D K Wright Esq
Castledyne & Palladin BV
Simonne Pelsmaekers Frissen
O. Grip, Esq
Secretary
Simonne Pelsmaekers Frissen
Company Number
02970285 (England and Wales)
Registered Office
45 Etnam Street
Leominster
Herefordshire
HR6 8AE
England
Accountants
Armstrong Rogers & Co
45 Etnam Street
Leominster
Herefordshire
HR6 8AE
Krysium Advisors Limited
Statement of financial position
as at 31 December 2023
Tangible assets
1,441
1,955
Investments
732,982
726,658
Cash at bank and in hand
10
13,040
Creditors: amounts falling due within one year
(386,050)
(370,612)
Net current liabilities
(263,736)
(247,048)
Total assets less current liabilities
470,687
481,565
Creditors: amounts falling due after more than one year
(197,616)
(210,111)
Net assets
273,071
271,454
Called up share capital
8,334
8,334
Share premium
126,407
126,407
Profit and loss account
138,330
136,713
Shareholders' funds
273,071
271,454
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
D K Wright Esq
Director
Company Registration No. 02970285
Krysium Advisors Limited
Notes to the Accounts
for the year ended 31 December 2023
Krysium Advisors Limited is a private company, limited by shares, registered in England and Wales, registration number 02970285. The registered office is 45 Etnam Street, Leominster, Herefordshire, HR6 8AE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The Patent and related intellectual property has been revalued by the directors as at 31 December 2021 at the amount shown based on the costs incurred, time and expense not charged to the Milk test Kit System Project, and their evaluation of the value project.
Krysium Advisors Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,836
24,203
26,039
At 31 December 2023
1,836
24,203
26,039
At 1 January 2023
1,805
22,279
24,084
Charge for the year
31
483
514
At 31 December 2023
1,836
22,762
24,598
At 31 December 2023
-
1,441
1,441
At 31 December 2022
31
1,924
1,955
6
Investments
Other investments
Valuation at 1 January 2023
726,658
Valuation at 31 December 2023
732,982
At 31 December 2023, investments comprise an accumulated amount of £732,982 invested in the milk test project.
Amounts falling due within one year
Other debtors
112,480
108,356
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,169
7,939
Trade creditors
34,781
38,312
Taxes and social security
289
4,382
Other creditors
66,969
63,308
Loans from directors
169,949
155,484
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
197,616
210,111
Krysium Advisors Limited
Notes to the Accounts
for the year ended 31 December 2023
10
Transactions with related parties
Included in Creditors: amounts falling due within one year, as shown in Note 3, are amounts due to D K Wright of £159,949 (2022: £145,484) and O Grip of £10,000 (2022: £10,000) relating to their Directors Current Accounts.
Castledyne & Palladin B.V. holds 75% of the issued share capital of the company and is a Director of Krysium Advisors Limited. The Company is incorporated in the Netherlands.
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).