Registration number: 08463260

Terracrystals Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 4

Terracrystals Limited

(Registration number: 08463260)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	14,671	14,671
Creditors: Amounts falling due within one year	5	(27,068)	(26,027)
Net liabilities		(12,397)	(11,356)
Capital and reserves
Called up share capital		100	100
Retained earnings		(12,497)	(11,456)
Shareholders' deficit		(12,397)	(11,356)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 December 2025
 

I R Bruce Director

Terracrystals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 The Old Coach Yard
East Coker
Yeovil
Somerset
BA22 9HY

These financial statements were authorised for issue by the director on 3 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

At the balance sheet date, the company had net liabilities of £12,397 (2024 - £11,356).

The company continues to receive support and meets its day to day working capital requirements through a loan received from its parent company Crystal Classics Fine Minerals Limited, which is repayable on demand. The parent company has confirmed its willingness to continue to support the company to enable it to pay its debts as they fall due for the foreseeable future.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development costs	0% straight line

Terracrystals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2024 - 1).

Terracrystals Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Website development costs  £	Total £
Cost or valuation
At 1 April 2024	14,671	14,671
At 31 March 2025	14,671	14,671
Carrying amount
At 31 March 2025	14,671	14,671
At 31 March 2024	14,671	14,671

5

Creditors

Due within one year	2025 £	2024 £
Other creditors	26,152	25,154
Accruals	916	873
	27,068	26,027