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REGISTERED NUMBER: 04936597 (England and Wales)















Financial Statements

for the Year Ended 31 October 2024

for

Cylan Properties Limited

Cylan Properties Limited (Registered number: 04936597)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Cylan Properties Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: C A Martin





SECRETARY: N E Martin





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 04936597 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Cylan Properties Limited (Registered number: 04936597)

Statement of Financial Position
31 October 2024

31/10/24 31/10/23
Notes £    £   
FIXED ASSETS
Tangible assets 5 - 134
Bond Investments 6 57,500 57,500
Investment property 7 795,000 795,000
852,500 852,634

CURRENT ASSETS
Debtors 8 34,537 27,955
Cash at bank 8,304 7,101
42,841 35,056
CREDITORS
Amounts falling due within one year 9 (6,539 ) (2,500 )
NET CURRENT ASSETS 36,302 32,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,802

885,190

CREDITORS
Amounts falling due after more than one
year

10

(622,115

)

(621,390

)

PROVISIONS FOR LIABILITIES (43,947 ) (43,947 )
NET ASSETS 222,740 219,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 222,640 219,753
222,740 219,853

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Cylan Properties Limited (Registered number: 04936597)

Statement of Financial Position - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2025 and were signed by:





C A Martin - Director


Cylan Properties Limited (Registered number: 04936597)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Cylan Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 20% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

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

Cylan Properties Limited (Registered number: 04936597)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 November 2023
and 31 October 2024 1,919 671 2,590
Depreciation
At 1 November 2023 1,919 537 2,456
Charge for year - 134 134
At 31 October 2024 1,919 671 2,590
Net book value
At 31 October 2024 - - -
At 31 October 2023 - 134 134

6. FIXED ASSET INVESTMENTS

Bond investments are shown at cost less impairment.

7. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 November 2023
and 31 October 2024 795,000
Net book value
At 31 October 2024 795,000
At 31 October 2023 795,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2018 27,373
Valuation in 2021 166,413
Valuation in 2023 (18,000 )
Cost 619,214
795,000

The investment properties have been valued on a fair value basis at 31 October 2024 by the director, and are stated at their valuation amount. The director is considered qualified to value the investment properties held by the company due to his experience in the field.

Cylan Properties Limited (Registered number: 04936597)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors - 1,149
Other debtors 34,537 26,806
34,537 27,955

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade creditors 720 -
Other creditors 5,819 2,500
6,539 2,500

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Bank loans 529,784 529,871
Other creditors 92,331 91,519
622,115 621,390

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 529,784 529,871

The bank loans of £529,784 (2023: £529,871) are secured by way of a fixed charge over the investment properties held by the company.

11. RESERVES

Included within the profit and loss reserves is £131,840 (2023: £131,840) of non-distributable reserves.