Cionet UK Limited - Filleted accounts

Registered number

11079995

Cionet UK Limited

Unaudited Filleted Accounts

31 December 2025

Cionet UK Limited
Registered number:		11079995
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,345			1,681

Current assets
Debtors	4	45,022			269,640
Cash at bank and in hand		11,039			43,575
		56,061			313,215

Creditors: amounts falling due within one year	5	(587,460)			(845,613)

Net current liabilities			(531,399)			(532,398)

Total assets less current liabilities			(530,054)			(530,717)

Creditors: amounts falling due after more than one year	6		-			(4,167)

Provisions for liabilities			(336)			-


Net liabilities			(530,390)			(534,884)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(530,490)			(534,984)

Shareholders' funds			(530,390)			(534,884)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S P Foley
Director
Approved by the board on 27 April 2026

Cionet UK Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment	20% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		3		3


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2025				3,671
	At 31 December 2025				3,671

	Depreciation
	At 1 January 2025				1,990
	Charge for the year				336
	At 31 December 2025				2,326

	Net book value
	At 31 December 2025				1,345
	At 31 December 2024				1,681


4	Debtors		2025		2024
£				£

	Trade debtors		45,022		269,640


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		5,000		10,000
	Trade creditors		131,857		189,176
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		249,276		295,103
	Director's loan		3,800		-
	Taxation and social security costs		30,001		57,375
	Other creditors		167,526		293,959
			587,460		845,613


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		-		4,167


7	Controlling party

	The controlling parties are the directors.

8	Other information

	Cionet UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
	9 Valley Close
	Ipswich
	Suffolk
	IP1 4PG