REGISTERED NUMBER: 10601779 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Cyclone Global Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T B Panter

SECRETARY:

S J Bradshaw

REGISTERED OFFICE:

C/O CAAT Adivisory Ltd

Studio 19a Oru Space Sutton,

7 Throwley Way

Sutton

Surrey

SM1 4AF

REGISTERED NUMBER:

10601779 (England and Wales)

ACCOUNTANTS:

CAAT Advisory Ltd

Studio 19a Oru Space Sutton,

7 Throwley Way

Sutton

SM1 4AF

FIXED ASSETS

Intangible assets

4

1,336,666

1,520,492

Tangible assets

5

-

-

1,336,666

1,520,492

CURRENT ASSETS

Cash at bank

16,456

16,959

CREDITORS

Amounts falling due within one year

6

1,522,488

1,707,606

NET CURRENT LIABILITIES

(1,506,032

)

(1,690,647

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(169,366

)

(170,155

)

CREDITORS

Amounts falling due after more than one year

7

4,026,638

3,033,963

NET LIABILITIES

(4,196,004

)

(3,204,118

)

RESERVES

Retained earnings

(4,196,004

)

(3,204,118

)

SHAREHOLDERS' FUNDS

(4,196,004

)

(3,204,118

)

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 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.

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 director and authorised for issue on 25 September 2025 and were signed by:

T B Panter - Director

1.	STATUTORY INFORMATION

Cyclone Global Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

$

$

$

COST

At 1 January 2024

and 31 December 2024

2,396,753

120,211

2,516,964

AMORTISATION

At 1 January 2024

921,824

74,648

996,472

Charge for year

159,784

24,042

183,826

At 31 December 2024

1,081,608

98,690

1,180,298

NET BOOK VALUE

At 31 December 2024

1,315,145

21,521

1,336,666

At 31 December 2023

1,474,929

45,563

1,520,492

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

$

COST

At 1 January 2024

and 31 December 2024

16,056

DEPRECIATION

At 1 January 2024

and 31 December 2024

16,056

NET BOOK VALUE

At 31 December 2024

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

$

$

Taxation and social security

86,555

132,317

Other creditors

1,435,933

1,575,289

1,522,488

1,707,606

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

$

$

Amounts owed to group undertakings

4,026,638

3,033,963