REGISTERED NUMBER: 10592645 (England and Wales)

Audited Financial Statements for the Year Ended 31 December 2025

for

Cygnus Group Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

225,658

173,829

Investments

5

100

100

225,758

173,929

CURRENT ASSETS

Stocks

5,485,788

5,880,126

Debtors

6

837,150

226,787

Cash at bank

24,839

21,578

6,347,777

6,128,491

CREDITORS

Amounts falling due within one year

7

(10,139,183

)

(9,408,799

)

NET CURRENT LIABILITIES

(3,791,406

)

(3,280,308

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,565,648

)

(3,106,379

)

PROVISIONS FOR LIABILITIES

(38,175

)

(28,321

)

NET LIABILITIES

(3,603,823

)

(3,134,700

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(3,604,023

)

(3,134,900

)

(3,603,823

)

(3,134,700

)

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 Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

Mr C H Markham - Director

1.	STATUTORY INFORMATION

Cygnus Group Limited is a private company, limited by shares, domiciled in Scotland, registration number 10592645. The registered office is Stirling House, Unit 6 Beacon Road, Rotherwas Industrial Estate, Hereford, England, HR2 6JF.

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.

Preparation of consolidated financial statements

The financial statements contain information about Cygnus Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, DWS Group Limited, Stirling House, Unit 6 Beacon Road, Rotherwas Industrial Estate, Hereford, England, HR2 6JF.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with members of the group.

Turnover

Turnover represents net invoiced sales of goods and services in respect of wireless alarm systems, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

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

Land and buildings

-

33% on cost and 25% on reducing balance

Plant and machinery etc

-

50% on cost, 33% on cost, 25% on reducing balance and 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Going concern

The Board of Directors are aware of the net liability position of the company at the year-end while the company is in its formative stages. It is the Board's view that there will be adequate funding in place to cover all known liabilities as they fall due for at least 12 months from the balance sheet date, with the confirmed continued support of the group, to whom the majority of debt is due. Therefore the directors have prepared these financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

173,358

237,330

410,688

Additions

-

131,685

131,685

At 31 December 2025

173,358

369,015

542,373

DEPRECIATION

At 1 January 2025

112,813

124,046

236,859

Charge for year

15,859

63,997

79,856

At 31 December 2025

128,672

188,043

316,715

NET BOOK VALUE

At 31 December 2025

44,686

180,972

225,658

At 31 December 2024

60,545

113,284

173,829

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2025

and 31 December 2025

100

NET BOOK VALUE

At 31 December 2025

100

At 31 December 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Amounts owed by group undertakings

490,501

187,512

Other debtors

346,649

39,275

837,150

226,787

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

2,179,316

718,510

Amounts owed to group undertakings

7,848,220

8,603,323

Taxation and social security

48,052

44,595

Other creditors

63,595

42,371

10,139,183

9,408,799

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

-

23,000

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Craig Clinton (Senior Statutory Auditor)

for and on behalf of Drummond Laurie CA

10.	ULTIMATE PARENT ENTITY

The company's ultimate parent company is DWS Group Limited, a company registered in England. The financial statements of DWS Group Limited can be obtained from Companies House and its registered office is Stirling House, Unit 6 Beacon Road, Rotherwas Industrial Estate, Hereford, HR2 6JF.