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Registration number: 15456183

Halcyon 10 Group Ltd
Unaudited Filleted Financial Statements
for the Period from 31 January 2024 to 31 March 2025

Halcyon 10 Group Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Halcyon 10 Group Ltd

Company Information

Directors | Mr David Cunningham Mrs Amanda Cunningham

Registered office | 42 Ten Mile Bank Littleport Cambridgeshire CB6 1EF

Accountants | Mrs Victoria Anne Cooper Red Shoes Accounting Services Unit 7 E-Space North 181 Wisbech Road Littleport Cambridgeshire CB6 1RA

Halcyon 10 Group Ltd

(Registration number: 15456183)
Balance Sheet as at 31 March 2025

| Note | 2025 £
Fixed assets |  |
Investments | 4 | 5
Creditors: Amounts falling due within one year | 5 | (1,443)
Net liabilities |  | (1,438)
Capital and reserves |  |
Called up share capital | 6 | 2
Retained earnings |  | (1,440)
Shareholders' deficit |  | (1,438)

For the financial period ending 31 March 2025 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 January 2026 and signed on its behalf by:

Mr David Cunningham Director |  |

Halcyon 10 Group Ltd

Notes to the Unaudited Financial Statements for the Period from 31 January 2024 to 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
42 Ten Mile Bank
Littleport
Cambridgeshire
CB6 1EF

These financial statements were authorised for issue by the Board on 20 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional curreny of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Group accounts not prepared

The Company is a parent company but has not prepared consolidated financial statements for the year ended 31 March 2025 as it is exempt from the requirement to do so under section 399(2A) of the Companies Act 2006; the group headed by the Company qualifies as a small group for this year and is not an ineligible group.

Disclosure of long or short period

These financial statements cover the period from 31 January 2024 to 31 March 2025 being the company's first reporting period under FRS 102 Section 1a. As this is the first period of account, the company has aligned it financial year end to its accounting reference date in accordance with company law. The reporting period is 14 months in length because it runs from incorporation to the chosen financial year end. As a result the amounts presented in these financial statements are not directly comparable with those of a normal twelve-month period. Comparative amounts are not presented because there is no preceeding reporting period, users should therefore exercise caution when comparing the current period's figures with another twelve-month period.

Halcyon 10 Group Ltd

Notes to the Unaudited Financial Statements for the Period from 31 January 2024 to 31 March 2025

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

Halcyon 10 Group Ltd

Notes to the Unaudited Financial Statements for the Period from 31 January 2024 to 31 March 2025

4 | Investments

| 2025 £
Investments in subsidiaries | 5

Subsidiaries | £
Cost or valuation
Additions | 5
Provision
Carrying amount
At 31 March 2025 | 5

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking | Registered office | Holding | Proportion of voting rights and shares held
|  |  | 2025
Subsidiary undertakings
Halcyon KCW SPV 1 Ltd | 42 Ten Mile Bank, Ely, Cambs, United Kingdom, CB6 1EF England and Wales | Ordinary | 100%
Halcyon 10 IP Holdings Ltd | 42 Ten Mile Bank, Ely, Cambs, United Kingdom, CB6 1EF England and Wales | Ordinary | 100%
Halcyon 10 Properties Ltd | 42 Ten Mile Bank, Ely, Cambs, United Kingdom, CB6 1EF England and Wales | Ordinary | 100%

Halcyon 10 Group Ltd

Notes to the Unaudited Financial Statements for the Period from 31 January 2024 to 31 March 2025

5 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Accruals and deferred income | 1,440
Other creditors | 3
| 1,443

6 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary Share of £1 each | 2 | 2

7 | Dividends

Interim dividends paid

|  | 2025 £ |
Interim dividend of £37,700.00 per each Ordinary Share |  | 75,400 |

8 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £35,000. The company is party to cross-guarantee arrangements supporting lending facilities made available to its subsidiary, Halcyon KCW SPV 1 Ltd, in connection with the acquisition of KCW Windows Ltd. At the time the facilities were granted, the company guaranteed two loans of up to £180,000 in total. The guarantee and associated charge of one loan wsa fully satisifed and released by the year end.
At the year end, a guarantee of up to £35,000 remains in place. No liability has been recognised in these financial statements as the directors consider that it is not probable that the guarantee will be called upon, and the exposure is therefore treated as a contingent liability.
Based on the current financial position and forecasts for Halcyon KCW SPV 1 Ltd, the directors consider the likelihood of the guarantee being enforced to be remote.