1 October 2023 false No description of principal activity Taxfiler 2024.6 10941784business:PrivateLimitedCompanyLtd2023-10-012024-09-30 109417842023-09-30 109417842023-10-012024-09-30 10941784business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 10941784business:FilletedAccounts2023-10-012024-09-30 109417842024-09-30 10941784business:Director12023-10-012024-09-30 10941784business:CompanySecretary12023-10-012024-09-30 10941784business:RegisteredOffice2023-10-012024-09-30 109417842023-09-30 10941784core:WithinOneYear2024-09-30 10941784core:WithinOneYear2023-09-30 10941784core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 10941784core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 10941784core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-09-30 10941784core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-09-30 10941784core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 10941784core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 10941784core:PreviouslyStatedAmount2024-09-30 10941784core:PreviouslyStatedAmount2023-09-30 10941784business:SmallEntities2023-10-012024-09-30 10941784countries:EnglandWales2023-10-012024-09-30 10941784core:ComputerEquipment2023-10-012024-09-30 10941784core:ComputerEquipment2023-09-30 10941784core:ComputerEquipment2024-09-30 10941784core:RevaluationsIncreaseDecreaseInInvestments2024-09-30 109417842022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 10941784 (England and Wales)
CYC LIMITED Unaudited accounts for the year ended 30 September 2024
CYC LIMITED Company Information for the year ended 30 September 2024
Director
Andrew Peter LAYCOCK
Secretary
Andrew Peter LAYCOCK
Company Number
10941784 (England and Wales)
Registered Office
71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ UNITED KINGDOM
- 2 -
CYC LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
363 
484 
Investments
2,475,173 
2,493,342 
2,475,536 
2,493,826 
Current assets
Cash at bank and in hand
24 
300 
Creditors: amounts falling due within one year
(1,255,593)
(1,255,343)
Net current liabilities
(1,255,569)
(1,255,043)
Net assets
1,219,967 
1,238,783 
Capital and reserves
Called up share capital
10 
10 
Fair value reserve
1,284,440 
1,302,609 
Profit and loss account
(64,483)
(63,836)
Shareholders' funds
1,219,967 
1,238,783 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 May 2025 and were signed on its behalf by
Andrew Peter LAYCOCK Director Company Registration No. 10941784
- 3 -
CYC LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
CYC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10941784. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2023
2,287 
At 30 September 2024
2,287 
Depreciation
At 1 October 2023
1,803 
Charge for the year
121 
At 30 September 2024
1,924 
Net book value
At 30 September 2024
363 
At 30 September 2023
484 
- 4 -
CYC LIMITED Notes to the Accounts for the year ended 30 September 2024
5
Investments
Other investments 
£ 
Valuation at 1 October 2023
2,493,342 
Fair value adjustments
(18,169)
Valuation at 30 September 2024
2,475,173 
There is an unrealized revaluation gain in the year ending 30.09.2023(£1302,609) on the option value. This is recognized as a revaluation reserve until an asset is sold and get realized in the profit and loss account.
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
571,095 
571,095 
Loans from directors
684,248 
684,098 
Accruals
250 
150 
1,255,593 
1,255,343 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 5 -