REGISTERED NUMBER: 10593435 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Cybro Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S E Youngman

R L Worrell

SECRETARY:

S E Youngman

REGISTERED OFFICE:

Eclipse House

Clay Street

Chamberlain Road

Hull

East Yorkshire

HU8 8HD

REGISTERED NUMBER:

10593435 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

Hull

HU1 2LD

FIXED ASSETS

Tangible assets

4

702

1,170

Investment property

5

1,379,986

1,145,219

1,380,688

1,146,389

CURRENT ASSETS

Debtors

6

6,537

11,390

Cash at bank and in hand

6,309

45,187

12,846

56,577

CREDITORS

Amounts falling due within one year

7

1,072,690

930,802

NET CURRENT LIABILITIES

(1,059,844

)

(874,225

)

TOTAL ASSETS LESS CURRENT LIABILITIES

320,844

272,164

CREDITORS

Amounts falling due after more than one year

8

114,575

122,249

NET ASSETS

206,269

149,915

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

206,169

149,815

SHAREHOLDERS' FUNDS

206,269

149,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:

S E Youngman - Director

1.	STATUTORY INFORMATION

Cybro Holdings 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 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.

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 etc

-

20% on cost

Investment property

Investment Property is recognised in the balance sheet at its original cost.

Taxation

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

Rents received

Rents received are recognised when they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2022

and 31 January 2023

2,341

DEPRECIATION

At 1 February 2022

1,171

Charge for year

468

At 31 January 2023

1,639

NET BOOK VALUE

At 31 January 2023

702

At 31 January 2022

1,170

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 February 2022

1,145,219

Additions

234,767

At 31 January 2023

1,379,986

NET BOOK VALUE

At 31 January 2023

1,379,986

At 31 January 2022

1,145,219

Investment Property is recognised in the balance sheet at its original cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

3,166

8,596

Other debtors

3,371

2,794

6,537

11,390

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

8,136

8,688

Trade creditors

4,759

2,827

Taxation and social security

17,260

10,665

Other creditors

1,042,535

908,622

1,072,690

930,802

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

114,575

122,249

9.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

122,711

130,937

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

ORDINARY

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 February 2022

149,815

Profit for the year

56,354

At 31 January 2023

206,169

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

R Worrell

At the balance sheet date the Company owed R Worrell £1,200 (2022 - £1,200). This loan is interest free and repayable on demand.

S E Youngman

During the year S E Youngman loaned the Company a further £10,000. At the balance sheet date the Company owed S E Youngman £191,982 (2022 - £181,982). This loan is interest free and repayable on demand.

13.	RELATED PARTY DISCLOSURES

Outwood Investments Limited

During the year, Outwood Investments Limited, a company controlled by R Worrell, advanced loans to the Company of £248,000 and loans were repaid to Outwood Investments Limited totalling £126,200. These loans are a mixture of interest free loans and loans at a rate of 3% above base rate, interest of £30,679 (2022 - £16,321) was charged on these loans during the year.

At the balance sheet date the Company owed Outwood Investments Limited £840,920 (2022 - £719,120).

14.	ULTIMATE CONTROLLING PARTY

The Company is controlled by the directors.