CYZ Holdings Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12411006

CYZ Holdings Ltd

Filleted Unaudited Financial Statements

31 January 2025

CYZ Holdings Ltd

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	3,897,000	4,132,743
Investments	6	1	1
		------------	------------
		3,897,001	4,132,744

Current assets

Cash at bank and in hand	37,661	26,021

Creditors: amounts falling due within one year	7	849,430	1,413,017
		---------	------------
Net current liabilities		811,769	1,386,996
		------------	------------
Total assets less current liabilities		3,085,232	2,745,748

Creditors: amounts falling due after more than one year	8	436,752	475,215

Provisions	155,049	117,165
	------------	------------
Net assets	2,493,431	2,153,368
	------------	------------

Capital and reserves

Called up share capital	9	1,491,536	1,416,959
Profit and loss account		1,001,895	736,409
		------------	------------
Shareholders funds		2,493,431	2,153,368
		------------	------------

These financial statements 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 comprehensive income has not been delivered.

For the year ending 31 January 2025 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 financial statements 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 financial statements .

CYZ Holdings Ltd

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 13 March 2025 , and are signed on behalf of the board by:

Mr T R Burfitt

Director

Company registration number: 12411006

CYZ Holdings Ltd

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 Macrae Road, Pill, Bristol, BS20 0DD.

2. Statement of compliance

These financial statements 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 financial statements 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 financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents rents receivable during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	33% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Tangible assets

	Equipment	Property	Total
	£	£	£
Cost or valuation
At 1 February 2024	1,938	4,132,393	4,134,331
Disposals	–	( 445,000)	( 445,000)
Revaluations	–	209,607	209,607
	-------	------------	------------
At 31 January 2025	1,938	3,897,000	3,898,938
	-------	------------	------------
Depreciation
At 1 February 2024	1,588	–	1,588
Charge for the year	350	–	350
	-------	------------	------------
At 31 January 2025	1,938	–	1,938
	-------	------------	------------
Carrying amount
At 31 January 2025	–	3,897,000	3,897,000
	-------	------------	------------
At 31 January 2024	350	4,132,393	4,132,743
	-------	------------	------------

The directors have valued the properties at fair value as at 31 January 2025.

6. Investments

	Shares in group undertakings
	£
Cost
At 1 February 2024 and 31 January 2025	1
	----
Impairment
At 1 February 2024 and 31 January 2025	–
	----

Carrying amount
At 31 January 2025	1
	----
At 31 January 2024	1
	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	38,007	36,000
Corporation tax	42,809	34,567
Social security and other taxes	708	1,163
Other creditors	767,906	1,341,287
	---------	------------
	849,430	1,413,017
	---------	------------

The bank loans are secured by fixed and floating charges over the company's assets.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	436,752	475,215
	---------	---------

The bank loans are secured by fixed and floating charges over the company's assets.

Included within creditors: amounts falling due after more than one year is an amount of £309,000 (2024: £335,000) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £– (2024 - £1) each	–	–	1,416,959	1,416,959
A Ordinary shares of £ 1 each	708,480	708,480	–	–
B Ordinary shares of £ 1 each	708,479	708,479	–	–
C Ordinary shares of £ 1 each	74,577	74,577	–	–
	------------	------------	------------	------------
	1,491,536	1,491,536	1,416,959	1,416,959
	------------	------------	------------	------------