REGISTERED NUMBER: 06566825 (England and Wales)

CRITICAL RESEARCH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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.

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

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.