IRIS Accounts Production v26.1.10.61 06566825 Board of Directors 1.1.25 31.12.25 31.12.25 false true false false true false Ordinary 0.01000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06566825 2024-12-31 06566825 2025-12-31 06566825 2025-01-01 2025-12-31 06566825 2023-12-31 06566825 2024-01-01 2024-12-31 06566825 2024-12-31 06566825 ns15:EnglandWales 2025-01-01 2025-12-31 06566825 ns14:PoundSterling 2025-01-01 2025-12-31 06566825 ns10:Director1 2025-01-01 2025-12-31 06566825 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 06566825 ns10:SmallEntities 2025-01-01 2025-12-31 06566825 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 06566825 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 06566825 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 06566825 ns10:FullAccounts 2025-01-01 2025-12-31 06566825 ns10:OrdinaryShareClass1 2025-01-01 2025-12-31 06566825 ns10:Director2 2025-01-01 2025-12-31 06566825 ns10:Director3 2025-01-01 2025-12-31 06566825 ns10:Director4 2025-01-01 2025-12-31 06566825 ns10:Director5 2025-01-01 2025-12-31 06566825 ns10:Director6 2025-01-01 2025-12-31 06566825 ns10:RegisteredOffice 2025-01-01 2025-12-31 06566825 ns5:CurrentFinancialInstruments 2025-12-31 06566825 ns5:CurrentFinancialInstruments 2024-12-31 06566825 ns5:Non-currentFinancialInstruments 2025-12-31 06566825 ns5:Non-currentFinancialInstruments 2024-12-31 06566825 ns5:ShareCapital 2025-12-31 06566825 ns5:ShareCapital 2024-12-31 06566825 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 06566825 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 06566825 ns5:FurnitureFittings 2025-01-01 2025-12-31 06566825 ns5:ComputerEquipment 2025-01-01 2025-12-31 06566825 ns5:PlantMachinery 2024-12-31 06566825 ns5:FurnitureFittings 2024-12-31 06566825 ns5:ComputerEquipment 2024-12-31 06566825 ns5:PlantMachinery 2025-01-01 2025-12-31 06566825 ns5:PlantMachinery 2025-12-31 06566825 ns5:FurnitureFittings 2025-12-31 06566825 ns5:ComputerEquipment 2025-12-31 06566825 ns5:PlantMachinery 2024-12-31 06566825 ns5:FurnitureFittings 2024-12-31 06566825 ns5:ComputerEquipment 2024-12-31 06566825 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 06566825 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 06566825 ns10:OrdinaryShareClass1 2025-12-31

REGISTERED NUMBER: 06566825 (England and Wales)

| CRITICAL RESEARCH LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2025 |

CRITICAL RESEARCH LIMITED (REGISTERED NUMBER: 06566825) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| CRITICAL RESEARCH LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2025

| DIRECTORS: | Mr D R Krushner

| Mr J A J Hopkins

| Mr N M A Marriott

| Mr B J Farr

| Mr P Fraser

| Ms K Rossiter-Base

| REGISTERED OFFICE: | Unit 7

| Baden Place

| Crosby Row

| London

| SE1 1YW

| REGISTERED NUMBER: | 06566825 (England and Wales)

| ACCOUNTANTS: | Carston ETL

| Chartered Accountants

| Second Floor

| 34 Lime Street

| London

| EC3M 7AT

CRITICAL RESEARCH LIMITED (REGISTERED NUMBER: 06566825) |

BALANCE SHEET

31ST DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 31,072 |  | 25,602 |  |

CURRENT ASSETS

Debtors | 5 | 360,697 |  | 489,131 |  |

Cash at bank and in hand | 469,802 |  | 655,115 |  |

830,499 |  | 1,144,246 |  |

CREDITORS

Amounts falling due within one year | 6 | 441,365 |  | 434,883 |  |

NET CURRENT ASSETS | 389,134 |  | 709,363 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 420,206 |  | 734,965 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (5,834 | ) |

PROVISIONS FOR LIABILITIES | (1,718 | ) | (672 | ) |

NET ASSETS | 418,488 |  | 728,459 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 1,310 |  | 1,372 |  |

Retained earnings | 417,178 |  | 727,087 |  |

SHAREHOLDERS' FUNDS | 418,488 |  | 728,459 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st July 2026 and were signed on its behalf by:

Mr P Fraser - Director

CRITICAL RESEARCH LIMITED (REGISTERED NUMBER: 06566825) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

1. | STATUTORY INFORMATION

| Critical Research 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 Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| The significant accounting policies applied in the preparation of the financial statements are set out below and have been consistently applied to all years presented unless otherwise stated. .

| Turnover

| Turnover comprises revenue recognised by the company in respect of services supplied during the year, exclusive of value added tax and trade discounts.

| Revenue is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount of revenue reflects the accrual of the right to consideration as contract activity progresses by reference to the value of the work performed.

| Tangible fixed assets

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

| Fixtures and fittings | - | 25% straight line on cost

| Computer equipment | - | 25% straight line on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account.

CRITICAL RESEARCH LIMITED (REGISTERED NUMBER: 06566825) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial instruments

| Trade and other debtors / creditors

| Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition, they are measured at transaction price less any impairment losses. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash balances and deposits.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2024 - 21 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Computer |

| machinery |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st January 2025 | 21,853 |  | 99,717 |  | 306,464 |  | 428,034 |  |

| Additions | - |  | - |  | 34,521 |  | 34,521 |  |

| Disposals | (6,883 | ) | (56,168 | ) | (288,254 | ) | (351,305 | ) |

| At 31st December 2025 | 14,970 |  | 43,549 |  | 52,731 |  | 111,250 |  |

| DEPRECIATION

| At 1st January 2025 | 14,392 |  | 88,830 |  | 299,210 |  | 402,432 |  |

| Charge for year | 3,742 |  | 10,887 |  | 12,701 |  | 27,330 |  |

| Eliminated on disposal | (5,162 | ) | (56,168 | ) | (288,254 | ) | (349,584 | ) |

| At 31st December 2025 | 12,972 |  | 43,549 |  | 23,657 |  | 80,178 |  |

| NET BOOK VALUE

| At 31st December 2025 | 1,998 |  | - |  | 29,074 |  | 31,072 |  |

| At 31st December 2024 | 7,461 |  | 10,887 |  | 7,254 |  | 25,602 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 199,435 |  | 317,165 |  |

| Amounts recoverable on contract | 70,543 |  | 98,733 |  |

| Other debtors | 90,719 |  | 73,233 |  |

360,697 |  | 489,131 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 5,834 |  | 10,000 |  |

| Trade creditors | 61,566 |  | 55,154 |  |

| Taxation and social security | 97,803 |  | 152,288 |  |

| Other creditors | 276,162 |  | 217,441 |  |

441,365 |  | 434,883 |  |

CRITICAL RESEARCH LIMITED (REGISTERED NUMBER: 06566825) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 5,834 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 130,970 | Ordinary | £0.01 | 1,310 |  | 1,372 |  |

| During the year the company purchased 6,180 ordinary shares of nominal value 1p each from individuals whose employment ended during the period. These shares were cancelled following the purchase and resulted in the reduction of the company's issued share capital.