REGISTERED NUMBER: 10927336 (England and Wales)

CRIMSON PERFORMANCE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

447

534

Tangible assets

5

62,922

12,561

Investments

6

22,377

-

85,746

13,095

CURRENT ASSETS

Debtors

7

5,160

25,617

Cash at bank

1,657

17,190

6,817

42,807

CREDITORS

Amounts falling due within one year

8

21,264

15,694

NET CURRENT (LIABILITIES)/ASSETS

(14,447

)

27,113

TOTAL ASSETS LESS CURRENT LIABILITIES

71,299

40,208

CREDITORS

Amounts falling due after more than one year

9

(32,701

)

-

PROVISIONS FOR LIABILITIES

(11,955

)

(2,387

)

NET ASSETS

26,643

37,821

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

26,543

37,721

26,643

37,821

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Profit and Loss Account has not been delivered.

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

Mr M T Hallam - Director

1.	STATUTORY INFORMATION

Crimson Performance Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10927336

Registered office:

6 Avon Drive

Congleton

Cheshire

CW12 3RQ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 as modified by the revaluation of certain assets.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

20% on cost

Computer equipment

-

25% on cost

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2025

and 31 December 2025

871

AMORTISATION

At 1 January 2025

337

Amortisation for year

87

At 31 December 2025

424

NET BOOK VALUE

At 31 December 2025

447

At 31 December 2024

534

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

16,297

-

1,115

17,412

Additions

15,521

42,450

1,418

59,389

At 31 December 2025

31,818

42,450

2,533

76,801

DEPRECIATION

At 1 January 2025

4,293

-

558

4,851

Charge for year

5,800

2,653

575

9,028

At 31 December 2025

10,093

2,653

1,133

13,879

NET BOOK VALUE

At 31 December 2025

21,725

39,797

1,400

62,922

At 31 December 2024

12,004

-

557

12,561

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

25,403

Disposals

(3,250

)

Revaluations

224

At 31 December 2025

22,377

NET BOOK VALUE

At 31 December 2025

22,377

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2025

224

Cost

22,153

22,377

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

5,160

25,617

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

5,593

-

Taxation and social security

-

7,754

Other creditors

15,671

7,940

21,264

15,694

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

32,701

-

10.	RELATED PARTY DISCLOSURES

Included in other creditors is £4,731 owed to the company's directors (2024: 4,126). No interest is charged on this loan which is repayable on demand.

At the year end, no amount was due from Velo Edge Limited (2024: £24,784), a company of which the Company's director is also a director. During the year, the Company charged interest of £709 on the loan, which was repaid in full during the year.

Included within other creditors is a balance of £8,300 due to Crimson Performance Servicing Limited, a related party by virtue of a common director who also holds a shareholding in that company.