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REGISTERED NUMBER: 07620769 (England and Wales)











CYTRING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






CYTRING LIMITED (REGISTERED NUMBER: 07620769)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


CYTRING LIMITED (REGISTERED NUMBER: 07620769)

ABRIDGED BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28 35
Investment property 5 1,308,000 1,300,000
1,308,028 1,300,035

CURRENT ASSETS
Debtors 2,611 3,265
Prepayments and accrued income 712 752
Cash at bank and in hand 1,664 3,359
4,987 7,376
CREDITORS
Amounts falling due within one year 568,234 569,414
NET CURRENT LIABILITIES (563,247 ) (562,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,781

737,997

PROVISIONS FOR LIABILITIES (145,945 ) (109,399 )

ACCRUALS AND DEFERRED INCOME (4,035 ) (3,915 )
NET ASSETS 594,801 624,683

CAPITAL AND RESERVES
Called up share capital 6 95,950 95,950
Fair value reserve 497,722 526,268
Retained earnings 1,129 2,465
SHAREHOLDERS' FUNDS 594,801 624,683

CYTRING LIMITED (REGISTERED NUMBER: 07620769)

ABRIDGED BALANCE SHEET - continued
31 MAY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





C Goodfellow - Director


CYTRING LIMITED (REGISTERED NUMBER: 07620769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Cytring Limited 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: 07620769

Registered office: The Old Manse
49 High Street
Burwell
Cambridgeshire
CB25 0HD

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.

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 reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

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.


CYTRING LIMITED (REGISTERED NUMBER: 07620769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued
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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 455
DEPRECIATION
At 1 June 2022 420
Charge for year 7
At 31 May 2023 427
NET BOOK VALUE
At 31 May 2023 28
At 31 May 2022 35

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 1,300,000
Revaluations 8,000
At 31 May 2023 1,308,000
NET BOOK VALUE
At 31 May 2023 1,308,000
At 31 May 2022 1,300,000

The above investment properties were valued on an open market basis as at the balance sheet date by Mr C J R Goodfellow, a director of the company.

CYTRING LIMITED (REGISTERED NUMBER: 07620769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. INVESTMENT PROPERTY - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2013 14,323
Valuation in 2017 112,402
Valuation in 2018 14,227
Valuation in 2019 209,715
Valuation in 2020 13,000
Valuation in 2021 183,000
Valuation in 2022 89,000
Valuation in 2023 8,000
Cost 664,333
1,308,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 664,333 664,333

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
95,000 Ordinary A £1.00 95,000 95,000
95,000 Ordinary B 1p 950 950
2 Ordinary C 1p - -
95,950 95,950