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REGISTERED NUMBER: 07408859 (England and Wales)

Report of the Director and

Unaudited

Consolidated Financial Statements

for the Year Ended 31 December 2024

for

Krest Stone Limited

Krest Stone Limited (Registered number: 07408859)

Contents of the Consolidated Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Report of the Director | 2 |

Consolidated Income Statement | 3 |

Consolidated Balance Sheet | 4 |

Company Balance Sheet | 6 |

Notes to the Consolidated Financial Statements | 8 |

Krest Stone Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | M Trape Viladomat

| REGISTERED OFFICE: | Unitec House

| 2 Albert Place

| London

| N3 1QB

| REGISTERED NUMBER: | 07408859 (England and Wales)

| ACCOUNTANTS: | Kingsley Maybrook Limited

| Unitec House

| 2 Albert Place

| London

| N3 1QB

Krest Stone Limited (Registered number: 07408859)

Report of the Director

for the Year Ended 31 December 2024

The director presents his report with the financial statements of the company and the group for the year ended 31 December 2024.

DIRECTORS

M Trape Viladomat has held office during the whole of the period from 1 January 2024 to the date of this report.

Other changes in directors holding office are as follows:

D F Lavin - resigned 6 March 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M Trape Viladomat - Director

15 October 2025

Krest Stone Limited (Registered number: 07408859)

Consolidated Income Statement

for the Year Ended 31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

TURNOVER | 145,398 |  | 148,816 |  |

Cost of sales | 68,575 |  | 22,407 |  |

GROSS PROFIT | 76,823 |  | 126,409 |  |

Administrative expenses | 365,846 |  | 334,172 |  |

(289,023 | ) | (207,763 | ) |

Other operating income | 2,032 |  | - |  |

OPERATING LOSS | 4 | (286,991 | ) | (207,763 | ) |

Interest receivable and similar income | 477 |  | - |  |

(286,514 | ) | (207,763 | ) |

Interest payable and similar expenses | 43,807 |  | 1,463 |  |

LOSS BEFORE TAXATION | (330,321 | ) | (209,226 | ) |

Tax on loss | (29,171 | ) | (12,668 | ) |

LOSS FOR THE FINANCIAL YEAR | (301,150 | ) | (196,558 | ) |

Loss attributable to:

Owners of the parent | (301,150 | ) | (196,558 | ) |

Krest Stone Limited (Registered number: 07408859)

Consolidated Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 6 | 3,418,081 |  | 3,475,708 |  |

Investments | 7 | (215,903 | ) | - |  |

3,202,178 |  | 3,475,708 |  |

CURRENT ASSETS

Debtors | 8 | 457,751 |  | 532,294 |  |

Investments | 9 | 193,397 |  | 201,929 |  |

Cash at bank | 102,540 |  | 10,948 |  |

753,688 |  | 745,171 |  |

CREDITORS

Amounts falling due within one year | 10 | 642,754 |  | 606,617 |  |

NET CURRENT ASSETS | 110,934 |  | 138,554 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,313,112 |  | 3,614,262 |  |

CAPITAL AND RESERVES

Called up share capital | 1,781,988 |  | 1,781,988 |  |

Retained earnings | 1,531,124 |  | 1,832,274 |  |

SHAREHOLDERS' FUNDS | 3,313,112 |  | 3,614,262 |  |

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

Krest Stone Limited (Registered number: 07408859)

Consolidated Balance Sheet - continued

31 December 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 October 2025 and were signed by:

M Trape Viladomat - Director

Krest Stone Limited (Registered number: 07408859)

Company Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 6 | 1,297,086 |  | 1,297,086 |  |

Investments | 7 | 100 |  | 100 |  |

1,297,186 |  | 1,297,186 |  |

CURRENT ASSETS

Debtors | 8 | 272,885 |  | 351,014 |  |

Cash at bank | 4,460 |  | 1,588 |  |

277,345 |  | 352,602 |  |

CREDITORS

Amounts falling due within one year | 10 | 454,303 |  | 454,034 |  |

NET CURRENT LIABILITIES | (176,958 | ) | (101,432 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,120,228 |  | 1,195,754 |  |

CAPITAL AND RESERVES

Called up share capital | 1,332,667 |  | 1,332,667 |  |

Retained earnings | (212,439 | ) | (136,913 | ) |

SHAREHOLDERS' FUNDS | 1,120,228 |  | 1,195,754 |  |

Company's loss for the financial year | (75,526 | ) | (47,947 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Krest Stone Limited (Registered number: 07408859)

Company Balance Sheet - continued

31 December 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 October 2025 and were signed by:

M Trape Viladomat - Director

Krest Stone Limited (Registered number: 07408859)

Notes to the Consolidated Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Krest Stone 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 General 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Land and buildings | - | 3% on cost and not provided

| Plant and machinery etc | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

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

Krest Stone Limited (Registered number: 07408859)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

| The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2023 - NIL).

4. | OPERATING LOSS

| The operating loss is stated after charging:

| 31.12.24 |  | 31.12.23

£ | £ |

| Depreciation - owned assets | 68,528 |  | 71,272 |  |

5. | INDIVIDUAL INCOME STATEMENT

| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6. | TANGIBLE FIXED ASSETS

| Group

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 2,906,683 |  | 909,034 |  | 3,815,717 |  |

| Additions | - |  | 10,901 |  | 10,901 |  |

| At 31 December 2024 | 2,906,683 |  | 919,935 |  | 3,826,618 |  |

| DEPRECIATION

| At 1 January 2024 | 132,836 |  | 207,173 |  | 340,009 |  |

| Charge for year | 26,882 |  | 41,646 |  | 68,528 |  |

| At 31 December 2024 | 159,718 |  | 248,819 |  | 408,537 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,746,965 |  | 671,116 |  | 3,418,081 |  |

| At 31 December 2023 | 2,773,847 |  | 701,861 |  | 3,475,708 |  |

Krest Stone Limited (Registered number: 07408859)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

6. | TANGIBLE FIXED ASSETS - continued

| Company

| Land and

| buildings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 1,297,086 |  |

| NET BOOK VALUE

| At 31 December 2024 | 1,297,086 |  |

| At 31 December 2023 | 1,297,086 |  |

7. | FIXED ASSET INVESTMENTS

| Group

| Shares in

| group

| undertakin

£ |

| COST

| Disposals | (215,903 | ) |

| At 31 December 2024 | (215,903 | ) |

| NET BOOK VALUE

| At 31 December 2024 | (215,903 | ) |

| Company

| Shares in

| group

| undertakin

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 100 |  |

| NET BOOK VALUE

| At 31 December 2024 | 100 |  |

| At 31 December 2023 | 100 |  |

Krest Stone Limited (Registered number: 07408859)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

7. | FIXED ASSET INVESTMENTS - continued

| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

| Subsidiary

| Walcott Ltd (Group)

| Registered office: Unitec House 2 Albert Place London N3 1QB

| Nature of business: Automotive Industry Consultants

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

| 31.12.24 |  | 31.12.23

£ | £ |

| Aggregate capital and reserves | 2,391,375 |  | 2,401,096 |  |

| Loss for the year | (225,624 | ) | (148,611 | ) |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

| 31.12.24 |  | 31.12.23 |  | 31.12.24 |  | 31.12.23 |

£ | £ | £ | £ |

| Trade debtors | 43,059 |  | 130,472 |  | - |  | - |  |

| Amounts owed by group undertakings | - |  | - |  | 213,882 |  | 317,999 |  |

| Amounts owed by associates | 274,103 |  | 317,775 |  | - |  | - |  |

| Other debtors | 140,589 |  | 84,047 |  | 59,003 |  | 33,015 |  |

457,751 |  | 532,294 |  | 272,885 |  | 351,014 |  |

9. | CURRENT ASSET INVESTMENTS

| Group |

| 31.12.24 |  | 31.12.23 |

£ | £ |

| Shares in group undertakings | 17,513 |  | 17,513 |  |

| Unlisted investments | 175,884 |  | 184,416 |  |

193,397 |  | 201,929 |  |

Krest Stone Limited (Registered number: 07408859)

Notes to the Consolidated Financial Statements - continued

for the Year Ended 31 December 2024

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| Group |  | Company |

| 31.12.24 |  | 31.12.23 |  | 31.12.24 |  | 31.12.23 |

£ | £ | £ | £ |

| Trade creditors | 39,234 |  | 2,019 |  | - |  | 1 |  |

| Taxation and social security | 17,668 |  | 11,979 |  | - |  | - |  |

| Other creditors | 585,852 |  | 592,619 |  | 454,303 |  | 454,033 |  |

642,754 |  | 606,617 |  | 454,303 |  | 454,034 |  |