REGISTERED NUMBER: 06828885 (England and Wales)

Cyrrus (Holdings) Limited

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B J R Hawkins

Mr R M Ingless

REGISTERED OFFICE:

Cyrrus House Concept Court

Allendale Road

Thirsk

North Yorkshire

YO7 3NY

REGISTERED NUMBER:

06828885 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Investments

4

110,826

110,825

CURRENT ASSETS

Debtors

5

66,534

46,597

Cash at bank

2,474

1,261

69,008

47,858

CREDITORS

Amounts falling due within one year

6

84,615

62,420

NET CURRENT LIABILITIES

(15,607

)

(14,562

)

TOTAL ASSETS LESS CURRENT LIABILITIES

95,219

96,263

CAPITAL AND RESERVES

Called up share capital

7

100,000

100,000

Retained earnings

(4,781

)

(3,737

)

SHAREHOLDERS' FUNDS

95,219

96,263

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

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

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

Mr B J R Hawkins - Director

1.	STATUTORY INFORMATION

Cyrrus (Holdings) 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 functional and presentational currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Preparation of consolidated financial statements

The financial statements contain information about Cyrrus (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Investments in subsidiaries and associates

Shares in subsidiary and associate undertakings are held at cost less any provision for impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

Interest

group

in

undertakings

associate

Totals

£

£

£

COST

At 1 January 2024

110,823

2

110,825

Additions

1

-

1

At 31 December 2024

110,824

2

110,826

NET BOOK VALUE

At 31 December 2024

110,824

2

110,826

At 31 December 2023

110,823

2

110,825

The company's shares in group undertakings at the balance sheet date include the following:

Class of shares

Holding

Nature of business

Cyrrus Limited

Ordinary

100%

Aviation consultancy

Cyrrus (Projects) Limited

Ordinary

100%

Aviation consultancy

Cyrrus (Products) Limited

Ordinary

90%

Dormant

Airport Safeguarding Limited

Ordinary

100%

Aviation consultancy

Cyrrus Air Traffic Services Ltd

Ordinary

100%

Dormant

The company's interest in associate at the balance sheet date includes the following:

Class of shares

Holding

Nature of business

The 1911 Airport Company Limited

A Ordinary

20%

Services ancillary to the aviation industry

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

1,041

Amounts owed by associates

39,998

39,998

VAT

6,906

3,290

Prepayments

19,630

2,268

66,534

46,597

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

26,818

9,619

Amounts owed to group undertakings

42,759

37,385

Other creditors

7,500

7,500

Directors' loan accounts

4,538

4,538

Accrued expenses

3,000

3,378

84,615

62,420

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100,000

Ordinary

£1

100,000

100,000

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.