IRIS Accounts Production v23.2.0.158 01007707 Board of Directors 1.4.22 31.3.23 31.3.23 29.9.23 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure010077072022-03-31010077072023-03-31010077072022-04-012023-03-31010077072021-03-31010077072021-04-012022-03-31010077072022-03-3101007707ns16:EnglandWales2022-04-012023-03-3101007707ns15:PoundSterling2022-04-012023-03-3101007707ns11:Director12022-04-012023-03-3101007707ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3101007707ns11:SmallEntities2022-04-012023-03-3101007707ns11:Audited2022-04-012023-03-3101007707ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101007707ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3101007707ns11:FullAccounts2022-04-012023-03-3101007707ns11:OrdinaryShareClass12022-04-012023-03-3101007707ns11:Director22022-04-012023-03-3101007707ns11:CompanySecretary12022-04-012023-03-3101007707ns11:RegisteredOffice2022-04-012023-03-3101007707ns6:CurrentFinancialInstruments2023-03-3101007707ns6:CurrentFinancialInstruments2022-03-3101007707ns6:ShareCapital2023-03-3101007707ns6:ShareCapital2022-03-3101007707ns6:RetainedEarningsAccumulatedLosses2023-03-3101007707ns6:RetainedEarningsAccumulatedLosses2022-03-3101007707ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3101007707ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3101007707ns11:OrdinaryShareClass12023-03-3101007707ns6:RetainedEarningsAccumulatedLosses2022-03-3101007707ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 01007707 (England and Wales)













Audited Financial Statements

for the Year Ended 31 March 2023

for

Cyclomatic Limited

Cyclomatic Limited (Registered number: 01007707)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Cyclomatic Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P L Murphy
M Slane





SECRETARY: M M Slane





REGISTERED OFFICE: Winston House
2 Dollis Park
London
N3 1HF





REGISTERED NUMBER: 01007707 (England and Wales)





AUDITORS: Elliotts Shah
Statutory Auditor
Chartered Accountants
4th Floor
167 Fleet Street
London
EC4A 2EA

Cyclomatic Limited (Registered number: 01007707)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 3 901,792 905,868

CREDITORS
Amounts falling due within one year 4 - 4,076
NET CURRENT ASSETS 901,792 901,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

901,792

901,792

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 6 901,692 901,692
SHAREHOLDERS' FUNDS 901,792 901,792

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 29 September 2023 and were signed on its behalf by:





P L Murphy - Director


Cyclomatic Limited (Registered number: 01007707)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. 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.

Going concern
After considering the company's prospects, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

2. EMPLOYEES AND DIRECTORS

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

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 900,892 904,968
Prepayments and accrued income 900 900
901,792 905,868

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 4,076

Cyclomatic Limited (Registered number: 01007707)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

6. RESERVES
Retained
earnings
£   

At 1 April 2022 901,692
Profit for the year -
At 31 March 2023 901,692

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

The Report of the Auditors was unqualified.

Arvind Shah (Senior Statutory Auditor)
for and on behalf of Elliotts Shah

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Novaview Properties Limited, which in turn is a wholly owned subsidiary of MFC Estates plc. MFC Estates plc is under the control of the director, P L Murphy, by virtue of his beneficial interest in that company.