REGISTERED NUMBER: 09805375 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

CREST (INTERNATIONAL)

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N O M Benson

D J Allan

J W Cains

L A Collett

R E Dartnall

M J Lorentzen

R Marcos Alvarez

B Morris

B Ronto

S B K B Soon Kong Seng

Z Antuchevic

SECRETARY:

Ms E A Luck

REGISTERED OFFICE:

Seven Stars House

1 Wheler Road

Coventry

West Midlands

CV3 4LB

REGISTERED NUMBER:

09805375 (England and Wales)

SENIOR STATUTORY AUDITOR:

Gregg Olner MPhil BA(Hons) FCA

AUDITORS:

HB&O Ltd

Chartered Accountants and Statutory Auditors

Seven Stars House

1 Wheler Road

Coventry

CV3 4LB

FIXED ASSETS

Intangible assets

4

661,410

746,070

Tangible assets

5

35,515

30,940

696,925

777,010

CURRENT ASSETS

Debtors

6

1,001,404

1,390,729

Cash at bank

5,596,452

3,493,204

6,597,856

4,883,933

CREDITORS

Amounts falling due within one year

7

4,110,006

3,259,704

NET CURRENT ASSETS

2,487,850

1,624,229

TOTAL ASSETS LESS CURRENT LIABILITIES

3,184,775

2,401,239

RESERVES

Income and expenditure account

3,184,775

2,401,239

3,184,775

2,401,239

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 Income and Expenditure Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2026 and were signed on its behalf by:

J W Cains - Director

1.	STATUTORY INFORMATION

CREST (International) is a private company, limited by guarantee, 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

Accounting convention

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

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below and have remained unchanged from the previous year.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Cash and cash equivalents

Cash and cash equivalents 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Computer equipment

-

Straight line over 3 years and Straight line over 5 years

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

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 statement of financial position 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 off set the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade debtors and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

The tax expense represents the sum of tax currently payable.

Current tax

The tax currently payable is based on the taxable profit for the year. Taxable profit differs from net surplus as reported in the income and expenditure account because it excludes items of income or expense that are taxable or deductible in other years and it further includes 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

914,908

Additions

222,555

At 31 December 2025

1,137,463

AMORTISATION

At 1 January 2025

168,838

Charge for year

307,215

At 31 December 2025

476,053

NET BOOK VALUE

At 31 December 2025

661,410

At 31 December 2024

746,070

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2025

49,982

Additions

17,715

At 31 December 2025

67,697

DEPRECIATION

At 1 January 2025

19,042

Charge for year

13,140

At 31 December 2025

32,182

NET BOOK VALUE

At 31 December 2025

35,515

At 31 December 2024

30,940

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

810,215

1,079,615

Other debtors

191,189

311,114

1,001,404

1,390,729

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

94,923

165,927

Taxation and social security

405,287

229,350

Other creditors

3,609,796

2,864,427

4,110,006

3,259,704

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gregg Olner MPhil BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of HB&O Ltd

9.	PENSION COMMITMENTS

The company operates a defined pension contribution scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £179,887 (2024 - £122,336). An amount totalling £3,084 (2024 - £2,178) was included within creditors at the year end.

10.	RELATED PARTY TRANSACTIONS

During the year the company incurred intercompany charges totalling £243,041 (2024 - £283,025) from other CREST entities in which the directors have a controlling interest.

11.	LIMITED BY GUARANTEE

The company is limited by guarantee. In the event of the company being wound up the liability of the members is limited to £1 each.

If upon the winding up or dissolution of CREST there remains, after the satisfaction of all its debts and liabilities, any property or common fund whatsoever, the same shall be paid to or distributed among the current Member Companies in proportion to the total amount they have paid to CREST in membership fees. The calculation of the fees paid by a Member Company shall be the amount contributed since the Member Company commenced membership with CREST. If there is any break in the continuity of the Member Company's membership the period of calculation shall run from the date on which membership recommenced and the period of membership up until recommencement shall be ignored when calculating the amount of that Member Company's contribution

12.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.