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Registered number: 04651706










CYCLES U.K. (HOLDINGS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
CYCLES U.K. (HOLDINGS) LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CYCLES U.K. (HOLDINGS) LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cycles U.K. (Holdings) Limited for the year ended 31 January 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Cycles U.K. (Holdings) Limited in accordance with the terms of our engagement letter dated 15 March 2017Our work has been undertaken solely to prepare for your approval the financial statements of Cycles U.K. (Holdings) Limited and state those matters that we have agreed to state to the director of Cycles U.K. (Holdings) Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cycles U.K. (Holdings) Limited and its director for our work or for this report. 

It is your duty to ensure that Cycles U.K. (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and result of Cycles U.K. (Holdings) Limited. You consider that Cycles U.K. (Holdings) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Cycles U.K. (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS
 
Chartered Accountants
  
Kingsridge House
601 London Road
Westcliff-on-Sea
Essex
SS0 9PE
16 August 2024
Page 1

 
CYCLES U.K. (HOLDINGS) LIMITED
REGISTERED NUMBER: 04651706

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
200,000
200,000

  
200,000
200,000

Current assets
  

Debtors: amounts falling due within one year
 5 
100
100

  
100
100

Total assets less current liabilities
  
 
 
200,100
 
 
200,100

  

Net assets
  
200,100
200,100


Capital and reserves
  

Called up share capital 
  
200,100
200,100

  
200,100
200,100


For the year ended 31 January 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 profit and loss account 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 16 August 2024.




R C Schofield
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
CYCLES U.K. (HOLDINGS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Cycles U.K. (Holdings) Limited is a company limited by shares, incorporated in England and Wales. Its registered office is Kingsridge House , 601 London Road, Westcliff-On-Sea, Essex, SS0 9PE. Its principal place of business is PO Box 12970, Billericay, Essex, CM12 2FZ.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
200,000



At 31 January 2024
200,000





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Cycles U.K. Limited
England and Wales
£1 Ordinary shares
100%

Page 3

 
CYCLES U.K. (HOLDINGS) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Subsidiary undertaking (continued)

The aggregate of the share capital and reserves as at 31 January 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name
Profit/(Loss)

Cycles U.K. Limited
1,724,768


5.


Debtors

2024
2023
£
£


Other debtors
100
100

100
100


Page 4