COMPANY REGISTRATION NUMBER:
08881582
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CICSERVICES LTD (FORMERLY CICAIR LTD) |
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Company Limited by Guarantee |
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FILLETED UNAUDITED FINANCIAL STATEMENTS |
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CICSERVICES LTD (FORMERLY CICAIR LTD) |
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COMPANY LIMITED BY GUARANTEE |
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STATEMENT OF FINANCIAL POSITION |
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31 December 2025
Current assets
|
Creditors: amounts falling due within one year |
7 |
3,950 |
|
5,534 |
|
------- |
|
-------- |
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Net current (liabilities)/assets |
|
(
3,950) |
20,849 |
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|
------- |
-------- |
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Total assets less current liabilities |
|
(
3,950) |
20,849 |
|
|
------- |
-------- |
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Net (liabilities)/assets |
|
(
3,950) |
20,849 |
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|
------- |
-------- |
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|
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Capital and reserves
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Profit and loss account |
|
(
3,950) |
20,849 |
|
|
------- |
-------- |
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Members (deficit)/funds |
|
(
3,950) |
20,849 |
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|
------- |
-------- |
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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 statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 year in question in accordance with section 476
;
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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
26 May 2026
, and are signed on behalf of the board by:
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Mr G C Watts OBE |
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Director |
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Company registration number:
08881582
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CICSERVICES LTD (FORMERLY CICAIR LTD) |
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COMPANY LIMITED BY GUARANTEE |
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NOTES TO THE FINANCIAL STATEMENTS |
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YEAR ENDED 31 DECEMBER 2025
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Building Centre, 26 Store Street, London, WC1E 7BT.
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
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. These accounts have not been prepared on a going concern basis, see Going Concern note below.
Reserves and bank
In light of Government's decision (England and Wales) to end CICAIR' s designation at the end of March 2024, CICAIR's Board of Directors, determined that the policy in place in relation to reserves would be amended to reflect the winding down of the organisation. The Board of Directors agreed to cease trading at the end of March 2024.
Going concern
CICAIR Ltd ceased trading in the midnight of 31 March 2024. These financial statements have not been prepared on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at balance sheet date.
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:
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Equipment |
- |
33% straight line |
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Financial instruments
Financial instruments are classified and 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.
4.
Company limited by guarantee
The Company is limited by guarantee whereby in the event of winding up, The Construction Industry Council promises to pay an amount as demanded not exceeding £1 to be used to pay the liabilities of CICAIR Limited together with the costs of winding up.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2024: Nil).
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
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Trade debtors |
– |
26,383 |
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---- |
-------- |
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7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
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Bank loans and overdrafts |
– |
137 |
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Social security and other taxes |
– |
2,197 |
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Other creditors |
3,950 |
3,200 |
|
------- |
------- |
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3,950 |
5,534 |
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------- |
------- |
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8.
Related party transactions
CICSERVICES Ltd (formerly CICAIR Ltd) is a subsidiary of The Construction Industry Council. During the year £18,609 was paid to the Construction Industry Council in respect of management charges.