CYGNET FOOD GROUP (HOLDINGS) LIMITED

Company Registration Number:
15095743 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Additional notes
Balance sheet notes

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Balance sheet

As at 31 August 2024

Notes 2024 1 month to 31 August 2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 984,567 956,215
Tangible assets: 4 765,478 456,255
Investments: 5 673,874 585,621
Total fixed assets: 2,423,919 1,998,091
Current assets
Stocks: 6 89,000 45,000
Debtors: 7 18,676 24,500
Cash at bank and in hand: 437,890 345,325
Investments: 8 756,986 585,621
Total current assets: 1,302,552 1,000,446
Prepayments and accrued income: 3,745,664 2,524,583
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 5,048,216 3,525,029
Total assets less current liabilities: 7,472,135 5,523,120
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 637,292 ) ( 524,522 )
Accruals and deferred income: ( 437,418 ) ( 214,588 )
Total net assets (liabilities): 6,397,425 4,784,010
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 6,397,424 4,784,009
Total Shareholders' funds: 6,397,425 4,784,010

The notes form part of these financial statements

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 1 September 2025
and signed on behalf of the board by:

Name: WP Family Holdings
Status: Director

The notes form part of these financial statements

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Intangible fixed assets amortisation policy

    Purpose 1. This policy outlines the procedures for the amortization of intangible fixed assets, ensuring compliance with accounting standards and providing clarity on the management of these assets. 2. Scope This policy applies to all intangible fixed assets acquired or developed by the organization, including but not limited to patents, copyrights, trademarks, licenses, and software. 3. Definition of Intangible Fixed Assets Intangible fixed assets are non-physical assets that provide long-term value to the organization. They are identifiable, non-monetary assets that lack physical substance and are expected to generate future economic benefits. 4. Amortization Method The organization shall utilize the straight-line method of amortization for intangible fixed assets unless an alternative method better reflects the asset's use. - Straight-Line Method: Amortization expenses will be recognized evenly over the asset's useful life. 5. Useful Life The useful life of an intangible fixed asset shall be determined at the time of acquisition or development, based on the following criteria: - Legal or contractual provisions (e.g., duration of a patent or license). - The expected period during which the asset will generate economic benefits. - Industry standards and historical data regarding similar assets. The useful life must be reviewed at least annually, and adjustments should be made if necessary. 6. Amortization Schedule An amortization schedule shall be prepared for each intangible asset, detailing: - The asset's acquisition date. - The estimated useful life. - The amortization expense recognized each accounting period. 7. Impairment Review Intangible fixed assets shall be reviewed for impairment annually or whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. If an asset is found to be impaired, the carrying amount shall be adjusted to its recoverable amount, and an impairment loss shall be recognized in the financial statements. 8. Disclosure The organization shall disclose the following information in its financial statements: - The nature of the intangible assets. - The amortization methods used. - The estimated useful lives or amortization rates. - Any impairment losses recognized during the reporting period. 9. Responsibility The finance department is responsible for implementing this policy, maintaining accurate records, and ensuring compliance with relevant accounting standards.10. Review and Revision This policy shall be reviewed annually and revised as necessary to ensure its effectiveness and compliance with applicable regulations and accounting standards. This policy provides a framework for the consistent treatment of intangible fixed assets, ensuring that the organization accurately reflects its financial position.

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 1 month to 31 August 2023
    Average number of employees during the period 54 28

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 September 2023 956,215 0 956,215
Additions 28,352 28,352
Disposals
Revaluations
Transfers
At 31 August 2024 984,567 0 984,567
Amortisation
At 1 September 2023 0 0 0
Charge for year
On disposals
Other adjustments
At 31 August 2024 0 0 0
Net book value
At 31 August 2024 984,567 0 984,567
At 31 August 2023 956,215 0 956,215

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 205,255 110,000 25,000 18,000 98,000 456,255
Additions 35,000 82,300 75,000 59,000 57,923 309,223
Disposals
Revaluations
Transfers
At 31 August 2024 240,255 192,300 100,000 77,000 155,923 765,478
Depreciation
At 1 September 2023
Charge for year
On disposals
Other adjustments
At 31 August 2024
Net book value
At 31 August 2024 240,255 192,300 100,000 77,000 155,923 765,478
At 31 August 2023 205,255 110,000 25,000 18,000 98,000 456,255

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Fixed assets investments note

Fixed Assets Investments 1. Overview of Fixed Assets: Fixed assets are long-term tangible assets that are used in the production of goods and services and are not intended for resale. These assets have a useful life of more than one year and include property, plant, and equipment (PP&E). 2. Categories of Fixed Assets: - Land:Includes all land owned by the company, recorded at cost. - Buildings:Represents structures owned by the company, including costs related to construction and improvements. - Machinery and Equipment: Includes all machinery and equipment used in operations, purchased at cost. - Furniture and Fixtures:Represents office furniture and fixtures, recorded at purchase price. - Vehicles:Includes all vehicles owned, recorded at cost. 3. Capitalization Policy: Expenditures for fixed assets are capitalized when they meet the following criteria: - The asset has a useful life of more than one year. - The asset is intended for use in operations rather than resale. 4. Depreciation Methods: Fixed assets are depreciated using the straight-line method over their estimated useful lives, as follows: - Land: Not depreciated - Buildings: 20 years - Machinery and Equipment: 10 years - Furniture and Fixtures 10 years - Vehicles: 5 years 5. Impairment: Assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. If an asset is deemed impaired, the carrying amount is adjusted to its fair value. 6. Disposals: When fixed assets are sold or disposed of, the carrying amount is removed from the balance sheet, and any gain or loss on disposal is recognized in the income statement.

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Stocks

2024 1 month to 31 August 2023
£ £
Stocks 89,000 45,000
Total 89,000 45,000

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Debtors

2024 1 month to 31 August 2023
£ £
Trade debtors 18,676 24,500
Total 18,676 24,500
Debtors due after more than one year: 0 0

CYGNET FOOD GROUP (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

8. Current assets investments note

1. Return on Investment (ROI):Measures the gain or loss generated relative to the amount invested. It’s calculated as (Net Profit / Cost of Investment) x 100. 2. Current Yield: For income-generating investments, this metric shows the annual income (interest or dividends) as a percentage of the current market price of the investment. 3. Total Return: This includes all income from the investment (dividends, interest) plus capital appreciation, expressed as a percentage of the initial investment. 4. Price-to-Earnings (P/E) Ratio: For stocks, this ratio compares a company's current share price to its earnings per share, helping assess if the stock is over or undervalued. 5. Net Asset Value (NAV): For mutual funds, this represents the per-share value of the fund, calculated by dividing total net assets by the number of outstanding shares. 6. Sharpe Ratio:This measures the risk-adjusted return of an investment, showing how much excess return is received for the extra volatility endured. 7. Volatility: The standard deviation of returns, indicating the level of risk associated with the investment. Higher volatility often means higher risk. 8. Liquidity Ratio This assesses how easily assets can be converted to cash without significantly affecting their value. 9. Dividend Yield: For dividend-paying investments, this metric indicates the annual dividend payment as a percentage of the investment's current price. 10. Time-weighted Rate of Return (TWRR): This measures the compound growth rate of an investment portfolio over time, excluding the impact of cash flows.