ACCOUNTS - Final Accounts preparation

Registered number: 16180966

KRYSTAL EO LTD

(A company limited by guarantee)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2025

KRYSTAL EO LTD

(A company limited by guarantee)

REGISTERED NUMBER: 16180966

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025
Note		£

Fixed assets
Tangible assets	4		873
			873
Current assets
Debtors: amounts falling due within one year		3,464
Cash at bank and in hand	6	3,633
		7,097
Creditors: amounts falling due within one year	7	(88,424)
Net current (liabilities)/assets			(81,327)
Total assets less current liabilities			(80,454)

Net (liabilities)/assets			(80,454)

Capital and reserves
Profit and loss account			(80,454)
			(80,454)

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KRYSTAL EO LTD

(A company limited by guarantee)

REGISTERED NUMBER: 16180966

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2026.

S A Blackler

Director

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KRYSTAL EO LTD

(A company limited by guarantee)

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2025

	Profit and loss account	Total equity
	£	£
Comprehensive income for the period
Loss for the period	(80,454)	(80,454)
Other comprehensive income for the period	-	-
Total comprehensive income for the period	(80,454)	(80,454)
Total transactions with owners	-	-
At 31 December 2025	(80,454)	(80,454)

The notes on pages 4 to 8 form part of these financial statements.

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KRYSTAL EO LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

1.	General information

Krystal EO Ltd is a private company limited by guarantee incorporated in England and Wales, registration number 16180966. The registered office is Berkeley Square House, Berkeley Square, London, England, W1J 6BD.

The principal activity of the company during the period was to support businesses considering transition to employee-owned structures and to raise awareness of the benefits of employee ownership for founders, employees and other stakeholders.

The company was incorporated on 13 January 2025 and these financial statements cover the period from incorporation to 31 December 2025.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The company incurred a loss during the period and had net liabilities at 31 December 2025. The Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements, and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

The company is supported financially by Krystal Hosting Ltd and the directors have a reasonable expectation that such support will continue for at least twelve months from the date of approval of the financial statements.

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KRYSTAL EO LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.4

Revenue

Revenue comprises contributions received from the Guardian Member and is recognised when the company becomes entitled to the income and receipt is probable.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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KRYSTAL EO LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including the directors, during the period was as follows:

			Period ended 31 December
			2025
			No.

		Employees	3

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KRYSTAL EO LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	888
	At 31 December 2025	888
	Depreciation
	Charge for the period on owned assets	15
	At 31 December 2025	15
	Net book value
	At 31 December 2025	873

Debtors

					2025
					£


	Prepayments and accrued income	3,464
		3,464

6.	Cash and cash equivalents
		2025
		£

	Cash at bank and in hand	3,633
		3,633

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KRYSTAL EO LTD

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2025

7.	Creditors: Amounts falling due within one year
		2025
		£

	Trade creditors	32,874
	Other taxation and social security	12,938
	Other creditors	38,971
	Accruals and deferred income	3,641
		88,424


8.	Company status

The company is a private company limited by guarantee and accordingly does not have share capital. Each member undertakes to contribute an amount not exceeding £1 to the assets of the company in the event of it being wound up whilst they are a member, or within one year of ceasing to be a member.

9.	Related party transactions
	During the period, the company received contributions of £417,364 from its controlling party, Krystal Hosting Ltd. One director of the company is also a director of Krystal Hosting Ltd.

10.	Controlling party

The company is limited by guarantee and has no share capital. The directors consider that Krystal Hosting Ltd, a company incorporated in England and Wales, is the controlling party by virtue of its rights as Guardian Member under the Articles of Association. These rights include approval rights over key strategic and constitutional matters and the appointment and removal of directors.

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