COMPANY REGISTRATION NUMBER:
11204451
Cyber Business Group Limited |
|
Filleted Unaudited Accounts |
|
Cyber Business Group Limited |
|
Statement of Financial Position |
|
31 December 2023
|
2023 |
2022 |
Note |
£ |
£ |
£ |
Creditors: amounts falling due within one year |
5 |
(
84,863) |
|
(
84,863) |
|
-------- |
|
-------- |
Net current liabilities |
|
(
84,863) |
(
84,863) |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
(
84,863) |
(
84,863) |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
1,000 |
1,000 |
Profit and loss account |
|
(
85,863) |
(
85,863) |
|
|
-------- |
-------- |
Shareholders deficit |
|
(
84,863) |
(
84,863) |
|
|
-------- |
-------- |
|
|
|
|
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
.
These accounts were approved by the
board of directors
and authorised for issue on
17 September 2024
, and are signed on behalf of the board by:
Company registration number:
11204451
Cyber Business Group Limited |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The principal place of business is 10 Orange Street, Haymarket, London, WC2H 7DQ.
2.
Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The accounts are prepared in sterling, which is the functional currency of the entity.
Going concern
During the year the company has taken steps to restructure its investment portfolio after a difficult trading period. Investments have been assessed for impairment and adjustments made accordingly. The director continues to support the company via his loan account and on this basis continues to prepare the accounts in a going concern basis.
Consolidation
The company has taken advantage of the option not to prepare consolidated accounts contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A
review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Investments
|
Shares in group undertakings |
Loans to group undertakings |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2023 and 31 December 2023 |
1,050 |
400,000 |
401,050 |
|
------- |
--------- |
--------- |
Impairment |
|
|
|
At 1 January 2023 and 31 December 2023 |
1,050 |
400,000 |
401,050 |
|
------- |
--------- |
--------- |
|
|
|
|
Carrying amount |
|
|
|
At 31 December 2023 |
– |
– |
– |
|
------- |
--------- |
--------- |
At 31 December 2022 |
– |
– |
– |
|
------- |
--------- |
--------- |
|
|
|
|
5.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Other creditors |
84,863 |
84,863 |
|
-------- |
-------- |
|
|
|
6.
Directors' advances, credits and guarantees
Included within other creditors are amounts owed to the director
J E J Murphy
totalling £84,863 (2022:£84,863).