Company No: 08790783 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	A Barrow
	P Bryan
	F Davidson
	R Linstead
	E Rudd
	C Smith

REGISTERED OFFICE	Co.5C
	Corinthian House
	17 Lansdowne Road
	Croydon
	United Kingdom

COMPANY NUMBER

08790783 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	4th Floor Cumberland House
	15-17 Cumberland Place
	Southampton
	Hampshire
	SO15 2BG

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,615		6,590
		1,615		6,590
Current assets
Debtors	4	210,053		421,563
Cash at bank and in hand		496,310		111,665
		706,363		533,228
Creditors: amounts falling due within one year	5	( 234,439)		( 269,138)
Net current assets		471,924		264,090
Total assets less current liabilities		473,539		270,680
Net assets		473,539		270,680
Capital and reserves
Called-up share capital	6	23,882		21,677
Share premium account		9,684,745		8,459,416
Profit and loss account		( 9,235,088 )		( 8,210,413 )
Total shareholders' funds		473,539		270,680

For the financial year ending 30 November 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Cyclr Systems Limited (registered number: 08790783) were approved and authorised for issue by the Board of Directors on 28 April 2026. They were signed on its behalf by:

F Davidson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cyclr Systems Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Corinthian House, 17 Lansdowne Road, Croydon, England, CR0 2BX.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Cyclr Systems Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Prior year adjustment

A prior year adjustment has been made to reclassify a balance previously shown within debtors to creditors. This adjustment has no impact on prior year profit but corrects the presentation of the balance.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	10 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	35		38

3. Tangible assets

	Fixtures and fittings		Computer equipment		Total
	£		£		£
Cost
At 01 December 2024	3,297		31,809		35,106
Additions	0		692		692
Disposals	0		( 2,081)		( 2,081)
At 30 November 2025	3,297		30,420		33,717
Accumulated depreciation
At 01 December 2024	1,804		26,712		28,516
Charge for the financial year	659		5,008		5,667
Disposals	0		( 2,081)		( 2,081)
At 30 November 2025	2,463		29,639		32,102
Net book value
At 30 November 2025	834		781		1,615
At 30 November 2024	1,493		5,097		6,590

4. Debtors

	2025		2024
	£		£
Trade debtors	86,352		222,810
Corporation tax	52,600		104,000
Other debtors	71,101		94,753
	210,053		421,563

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	18,716		47,606
Amounts owed to Group undertakings	40,978		45,161
Other taxation and social security	50,856		55,975
Other creditors	123,889		120,396
	234,439		269,138

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,936,588 Ordinary shares of £ 0.005 each	9,683		9,683
115,372 B Ordinary shares of £ 0.005 each	577		577
1,933,399 A Ordinary shares of £ 0.005 each	9,667		9,667
350,000 Deferred ordinary shares of £ 0.005 each	1,750		1,750
240,068 C Ordinary shares of £ 0.005 each (2024: nil shares)	1,200		0
200,900 D Ordinary shares of £ 0.005 each (2024: nil shares)	1,005		0
	23,882		21,677

In the financial year 2025 class C Ordinary shares were allotted with an aggregate nominal value of £0.005 and consideration of £670,923 was received.

In the financial year 2025 class D Ordinary shares were allotted with an aggregate nominal value of £0.005 and consideration of £603,543 was received.

7. Related party transactions

At the year end, the Company owed £40,978 (2024 - £45,161) to a related party. These loans are unsecured, interest free and repayable on demand.

8. Ultimate controlling party

The ultimate controlling party is P Bryan and F Davidson, by virtue of their shareholding and directorship.