Cyan Spaces Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13411083

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		475,000		498,614

			475,000		498,614
CURRENT ASSETS
Cash at bank and in hand		62,065		28,560

		62,065		28,560
Creditors: Amounts Falling Due Within One Year	5	(206,388 )		(186,790 )

NET CURRENT ASSETS (LIABILITIES)			(144,323 )		(158,230 )

TOTAL ASSETS LESS CURRENT LIABILITIES			330,677		340,384

Creditors: Amounts Falling Due After More Than One Year	6		(320,660 )		(317,162 )

NET ASSETS			10,017		23,222

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			10,015		23,220

SHAREHOLDERS' FUNDS			10,017		23,222

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Cyan Spaces Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Yannis Marcou

Director

20/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Cyan Spaces Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13411083 . The registered office is 28 Farnaby Road, Bromley, BR1 4BJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Cyan Spaces Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	498,614
Revaluations	(23,614)

As at 31 March 2025	475,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	498,614	498,614

Revaluation amounts for the properties were as follows:

- Chapel Street - £190,000

- St Mary - £285,000

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss. The Directors are of the opinion that the current value reflects fair market value for the properties and no revaluation adjustment has been recorded in the current financial year.

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other loans	201,303	181,303
Other creditors	2,643	2,019
Taxation and social security	2,442	3,468

	206,388	186,790

Other creditors include an intercompany loan with Kiano Spaces Ltd of £71,303 (2024: £71,303), UXGateway Ltd of £110,000 (2024: £110,000) and Marcou Leveton Ltd of £20,000 (2024: £0).

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	316,910	313,412
Other creditors	3,750	3,750

	320,660	317,162

This balance relates to the mortgage on the investment properties and a rent deposit from tenant of £3750 held.

The mortgage for Chapel Street was issued on 18/09/2024 and is repayable in monthly installments. The mortgage is an Interest-Only mortgage with a loan term of 22 years.

The mortgage for St Mary was issued on 01/01/2023 and is repayable in monthly installments. The mortgage is an Interest-Only mortgage with a loan term of 25 years.

The increase in loan value from the previous year relates to capitalisation of re-finance fees incurred during the year.

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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Cyan Spaces Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Related Party Transactions

UXGateway Limited is a related party by virtue of having a Director in common. At 31 March 2025, the amount owed to UXGateway Limited was £110,000 (2024: £110,000). The loan is unsecured, interest-free and has no fixed terms of repayment.

At 31 March 2025 the Company owed the Directors £2643 (2024: £2019) in equal parts. Loans with the Director are unsecured, interest-free and carry no fixed terms of repayment.

Kiano Spaces Limited is a related party by virtue of having Directors in common. At 31 March 2025, Cyan Spaces Limited owed Kiano Spaces Limited £71,303 (2024: £71,303). The loan is unsecured, interest-free and has no fixed terms of repayment. The amount owed by Cyan Spaces Limited is reflected within Other Creditors above.

Marcou Leveton Limited is a related party by virtue of having Directors in common. At 31 March 2025, Cyan Spaces Limited owed Marcou Leveton Limited £20,000 (2024: £0). The loan is unsecured, interest-free and has no fixed terms of repayment. The amount owed by Cyan Spaces Limited is reflected within Other Creditors above.

All transactions between related parties relate to the provision of cash for use in operational activity and acquisition of investments.

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