Krest Stone Limited - Limited company accounts 25.1

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

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

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

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

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

)

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

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.

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

FIXED ASSETS

Tangible assets

6

1,297,086

Investments

7

100

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

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.

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

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.

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

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

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

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

Unlisted investments

175,884

184,416

193,397

201,929

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