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COMPANY REGISTRATION NUMBER: 04848337

Cyrus Developments Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Cyrus Developments Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 58,771 |  | 68,855
Investments | 6 |  | 2,500 |  | 2,500
|  | -------- |  | --------
|  | 61,271 |  | 71,355

Current assets

Stocks | 2,995,208 |  | 2,995,208 |
Debtors | 7 | 45,240 |  | 51,168 |
Cash at bank and in hand | 95 |  | 72 |
| ------------- |  | ------------- |
| 3,040,543 |  | 3,046,448 |

Creditors: amounts falling due within one year | 8 | 325,290 |  | 320,026 |
| ------------- |  | ------------- |
Net current assets |  | 2,715,253 |  | 2,726,422
|  | ------------- |  | -------------
Total assets less current liabilities |  | 2,776,524 |  | 2,797,777

Creditors: amounts falling due after more than one year | 9 |  | 2,654,050 |  | 2,671,398
|  | ------------- |  | -------------
Net assets |  | 122,474 |  | 126,379
|  | ------------- |  | -------------

Cyrus Developments Limited

Statement of Financial Position (continued)

31 December 2024

| 2024 | 2023
Note | £ | £ | £ | £

Capital and reserves

Called up share capital |  | 100 |  | 100
Profit and loss account |  | 122,374 |  | 126,279
|  | ---------- |  | ----------
Shareholders funds |  | 122,474 |  | 126,379
|  | ---------- |  | ----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 October 2025 , and are signed on behalf of the board by:

Mrs. C. Bennison | Mr. P. Bennison
Director | Director

Mrs. A.J. Whaley | Mr. S.J. Whaley
Director | Director

Company registration number: 04848337

Cyrus Developments Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lyndhurst, Silver Street, Whitley, Goole, East Yorkshire, DN14 0JG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The accounts have been prepared on a going concern basis following assurances given by the directors pledging their ongoing support for the company. The directors confirmed they have no intention of withdrawing the loan funding provided to the company by them personally or by the other ventures in which they have an interest. The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(e) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & Machinery | - | 15% reducing balance
| Motor Vehicles | - | 20% straight line

(f) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
(g) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present condition.
(h) Financial instruments
Financial instruments are classified as accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
(i) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tangible assets

| Plant and machinery | Motor vehicles | Total
| £ | £ | £
Cost |  |  |
At 1 January 2024 and 31 December 2024 | 7,766 | 74,727 | 82,493
| ------- | -------- | --------
Depreciation |  |  |
At 1 January 2024 | 2,245 | 11,393 | 13,638
Charge for the year | 828 | 9,256 | 10,084
| ------- | -------- | --------
At 31 December 2024 | 3,073 | 20,649 | 23,722
| ------- | -------- | --------
Carrying amount |  |  |
At 31 December 2024 | 4,693 | 54,078 | 58,771
| ------- | -------- | --------
At 31 December 2023 | 5,521 | 63,334 | 68,855
| ------- | -------- | --------

6. Investments

| Freehold reversionary interests
| £
Cost |
At 1 January 2024 and 31 December 2024 | 2,500
| -------
Impairment |
At 1 January 2024 and 31 December 2024 | –
| -------

Carrying amount |
At 31 December 2024 | 2,500
| -------
At 31 December 2023 | 2,500
| -------

7. Debtors

| 2024 | 2023
| £ | £
Prepayments and accrued income | – | 240
Other debtors | 45,240 | 50,928
| -------- | --------
| 45,240 | 51,168
| -------- | --------

8. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 9,442 | 12,653
Trade creditors | 20,466 | 21,161
Accruals and deferred income | 34,316 | 33,847
Corporation tax | – | 3,533
Social security and other taxes | 14,597 | 10,768
Obligations under finance leases and hire purchase contracts | 13,586 | 12,957
Director loan accounts | 107,726 | 102,573
Other creditors | 125,157 | 122,534
| ---------- | ----------
| 325,290 | 320,026
| ---------- | ----------

9. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 2,643,429 | 2,647,191
Obligations under finance leases and hire purchase contracts | 10,621 | 24,207
| ------------- | -------------
| 2,654,050 | 2,671,398
| ------------- | -------------

Bank loans and overdrafts are secured on the associated assets .
10. Related party transactions
During the year the directors made available loans to the company. At 31 December 2024, the total balance outstanding on the loans was £ 107,726 (2023: £102,573). No interest is charged on the loans in the period and the balance is repayable on demand. During the year loans were made available to the company from companies in which certain directors are also directors. At 31 December 2024, the total balance outstanding on these loans was £ 122,479 (2023: £119,819). No interest is charged on the loans in the period and the balances are repayable on demand. During the year loans were made available by the company to companies in which certain directors are also directors. At 31 December 2024, the total balance outstanding on these loans was £ 45,240 (2023: £50,928). No interest is charged on the loans in the period and the balances are repayable on demand.