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REGISTERED NUMBER: 04933935 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cyclix Investments Limited

Cyclix Investments Limited (Registered number: 04933935)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Cyclix Investments Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: G A Woolley





REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





BUSINESS ADDRESS: 31 Tamworth Road
Long Eaton
Nottingham
Nottinghamshire
NG10 1JF





REGISTERED NUMBER: 04933935 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Cyclix Investments Limited (Registered number: 04933935)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,000 2,000
Investment property 5 900,000 900,000
902,000 902,000

CURRENT ASSETS
Debtors 1,872 7,013
Cash at bank 33,150 16,960
35,022 23,973
CREDITORS
Amounts falling due within one year 4,020 3,763
NET CURRENT ASSETS 31,002 20,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

933,002

922,210

CREDITORS
Amounts falling due after more than
one year

6

(471,590

)

(469,740

)

PROVISIONS FOR LIABILITIES (30,866 ) (30,866 )
NET ASSETS 430,546 421,604

CAPITAL AND RESERVES
Called up share capital 8 2 2
Undistributable reserve 9 285,058 285,058
Retained earnings 145,486 136,544
SHAREHOLDERS' FUNDS 430,546 421,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Cyclix Investments Limited (Registered number: 04933935)

Abridged Balance Sheet - continued
31 March 2024


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 Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 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 by the director and authorised for issue on 20 June 2024 and were signed by:





G A Woolley - Director


Cyclix Investments Limited (Registered number: 04933935)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Cyclix Investments 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 as modified by the revaluation of certain assets.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 2,000
NET BOOK VALUE
At 31 March 2024 2,000
At 31 March 2023 2,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 900,000
NET BOOK VALUE
At 31 March 2024 900,000
At 31 March 2023 900,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 315,924
Cost 584,076
900,000

Cyclix Investments Limited (Registered number: 04933935)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 584,076 584,076

Investment property was valued on an open market basis on 31 March 2024 by the director .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 471,590 469,740

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 471,299 469,740

Mortgage obligations are secured on the properties to which they relate.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

9. RESERVES
Undistributable
reserve
£   
At 1 April 2023
and 31 March 2024 285,058

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
G A Woolley
Balance outstanding at start of year 6,018 -
Amounts advanced - 10,000
Amounts repaid (6,992 ) (3,982 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (974 ) 6,018