Company registration number 12877216 (England and Wales)
CRUCIBLE LAW LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
CRUCIBLE LAW LIMITED
COMPANY INFORMATION
Directors
M Goudie KC
Mr N Hawes KC
Company number
12877216
Registered office
First Floor Medway House
18 - 22 Cantelupe Road
East Grinstead
West Sussex
RH19 3BJ
Business address
Crucible Law Limited
First Floor
1 Bell Yard
London
WC2A 2JR
CRUCIBLE LAW LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CRUCIBLE LAW LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,465
17,371
Current assets
Debtors
4
61,518
60,978
Cash at bank and in hand
407,717
321,317
469,235
382,295
Creditors: amounts falling due within one year
Taxation and social security
69,487
33,761
Other creditors
5
52,712
53,179
122,199
86,940
Net current assets
347,036
295,355
Net assets
361,501
312,726
Reserves
Income and expenditure account
361,501
312,726
Total members' funds
361,501
312,726

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 May 2026 and are signed on its behalf by:
M Goudie KC
Director
Company registration number 12877216 (England and Wales)
CRUCIBLE LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Crucible Law Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is First Floor Medway House, 18 - 22 Cantelupe Road, East Grinstead, West Sussex, RH19 3BJ. The principal place of business is Crucible Law Limited, First Floor, 1 Bell Yard, London, WC2A 2JR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable. The policies adopted for the recognition of turnover are as follows:

Turnover represents service charges and room rent billed to the members of Chambers (less amounts rebated) and sundry other income (all exclusive of VAT). The service charges are calculated using an agreed percentage of the Barrister's monthly fees received.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
5 Years Straight Line
Computers
3 Years Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to surplus or deficit.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CRUCIBLE LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Fair value measurement of financial instruments

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

CRUCIBLE LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
4
3
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 January 2025
18,700
5,609
24,309
Additions
954
1,124
2,078
Disposals
-
0
(2,052)
(2,052)
At 31 December 2025
19,654
4,681
24,335
Depreciation and impairment
At 1 January 2025
4,572
2,366
6,938
Depreciation charged in the year
3,751
1,233
4,984
Eliminated in respect of disposals
-
0
(2,052)
(2,052)
At 31 December 2025
8,323
1,547
9,870
Carrying amount
At 31 December 2025
11,331
3,134
14,465
At 31 December 2024
14,128
3,243
17,371
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade Debtors
354
191
Other debtors
34,866
35,539
Prepayments and accrued income
26,298
25,248
61,518
60,978
CRUCIBLE LAW LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
5
Other creditors falling due within one year
2025
2024
£
£
Trade creditors
2,761
13,082
Other creditors
7,571
16,109
Accruals and deferred income
42,380
23,988
52,712
53,179
6
Members' liability

The company is limited by guarantee, not having a share capital and consequently each member is to contribute equally to the net assets or liabilities of the company on winding up.

7
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
87,076
110,883
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