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Registered number: 12838336
CRYSTAL WATER GROUP LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2024
S J Perry Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12838336
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 3,353,213
Tangible Assets 5 - 95,803
- 3,449,016
CURRENT ASSETS
Debtors 6 10,001 10,001
10,001 10,001
Creditors: Amounts Falling Due Within One Year 7 (3,242 ) (3,836,922 )
NET CURRENT ASSETS (LIABILITIES) 6,759 (3,826,921 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,759 (377,905 )
NET ASSETS/(LIABILITIES) 6,759 (377,905 )
CAPITAL AND RESERVES
Called up share capital 8 10,001 10,001
Profit and Loss Account (3,242 ) (387,906 )
SHAREHOLDERS' FUNDS 6,759 (377,905)
For the year ending 31 December 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Karsten Been
Director
17/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
CRYSTAL WATER GROUP LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12838336 . The registered office is 4/4a Bloomsbury Square, London, WC1A 2RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Straight Line
Computer Equipment 25% Straight Line
2.3. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2024 3,351,271
Disposals (3,351,271 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 3,351,271
Intangible Fixed Assets represents Goodwill on the acquisition of the share capital Crystal Water Norway AS a company registered in Norway.
5. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 105,792
Disposals (105,792 )
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 105,792
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Page 3
6. Debtors
31 December 2024 31 December 2023
£ £
Due after more than one year
Other debtors 10,001 10,001
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Amounts owed to group undertakings 3,242 3,836,020
Other creditors - 902
3,242 3,836,922
8. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 10,001 10,001
9. Ultimate Controlling Party
Crystal Water Group Ltd. (London) is owned 56% by Boserup Holding AS (Norway) and 44% by other shareholders and owns 100 % Crystal Water Holding Ltd. (Dubai,DIFC), capitalized with a total number of 33.366,500 shares issued representing a total share capital of USD 33,599,000
Crystal Water Norway AS is owned 100% by Crystal Water Holding Ltd. (Dubai, DIFC).
Subsequent to the signing of the 2023 year end accounts it was agreed that the liability for reimbursing administrative expenses incurred by Boserup Holdings AS was to move from Cystal Water Group Ltd to Crystal Water Holding Ltd.  The Goodwill acquired on the acquisition of the shares in Cystal Water Norway has also been transfered from Crystal Water Group Ltd to Crystal Water Holding Ltd.
Administrative Expenses relating to Crystal Water Group Ltd are met by Crystal Water Holding Ltd.
Page 3