Registered number
12464744
Krex Ltd
Filleted Accounts
28 February 2025

Krex Ltd
Registered number: | 12464744
Balance Sheet
as at 28 February 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 506 |  |  | -
Investments | 4 |  |  | 432,570 |  |  | 432,570
|  |  |  | 433,076 |  |  | 432,570
Current assets
Debtors | 5 |  | 1,055 |  |  | 951
Cash at bank and in hand |  |  | 6,786 |  |  | 8,618
|  |  | 7,841 |  |  | 9,569
Creditors: amounts falling due within one year | 6 |  | (170,808) |  |  | (169,325)
Net current liabilities |  |  |  | (162,967) |  |  | (159,756)
Total assets less current liabilities |  |  |  | 270,109 |  |  | 272,814
Creditors: amounts falling due after more than one year | 7 |  |  | (294,435) |  |  | (294,435)
Net liabilities |  |  |  | (24,326) |  |  | (21,621)
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | (24,426) |  |  | (21,721)
Shareholders' funds |  |  |  | (24,326) |  |  | (21,621)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Kristian Barber
Director
Approved by the board on 7 November 2025

Krex Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rents receivable in the period.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant and machinery | over 4 years
| Investments
| Investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Plant and machinery etc
£
| Cost
| At 1 March 2024 | 637
| Additions | 758
| At 28 February 2025 | 1,395
| Depreciation
| At 1 March 2024 | 637
| Charge for the year | 252
| At 28 February 2025 | 889
| Net book value
| At 28 February 2025 | 506
| At 28 February 2024 | -
4 | Investments
Other
investments
£
| Cost
| At 1 March 2024 | 432,570
| At 28 February 2025 | 432,570
5 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 1,055 |  | 951
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Other creditors | 170,808 |  | 169,325
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Other creditors | 294,435 |  | 294,435
8 | Other information
| Krex Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| Office No.85
| 188 Liscard Road
| Wallasey
| Wirral
| CH44 5TN

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