Registration number: NI698442

CICERO LTD

(Registration number: NI698442)
Balance Sheet as at 30 June 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	-	8,947
Tangible assets	5	-	149,118
		-	158,065
Current assets
Stocks	6	-	3,249
Debtors	7	3,353	18,883
Cash at bank and in hand		130,839	79,482
		134,192	101,614
Creditors: Amounts falling due within one year	8	(134,066)	(90,693)
Net current assets		126	10,921
Total assets less current liabilities		126	168,986
Creditors: Amounts falling due after more than one year	8	-	(216,765)
Net assets/(liabilities)		126	(47,779)
Capital and reserves
Called up share capital	9	126	126
Retained earnings		-	(47,905)
Shareholders' funds/(deficit)		126	(47,779)

For the financial year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

CICERO LTD

(Registration number: NI698442)
Balance Sheet as at 30 June 2026

Approved and authorised by the director on 20 October 2026
 

......................................... Mr Neil Black Director

CICERO LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 1 Ballymena Road, Doagh, Ballyclare, Co. Antrim, BT39 0QR.

These financial statements were authorised for issue by the director on 20 October 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

CICERO LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fit out,fittings and equipment	20% straight line basis

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Franchise fee	6.5% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

CICERO LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2025 - 12).

CICERO LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

4	Intangible assets

	Franchise fee £	Total £
Cost or valuation
At 1 July 2025	10,285	10,285
Disposals	(10,285)	(10,285)
At 30 June 2026	-	-
Amortisation
At 1 July 2025	1,338	1,338
Amortisation charge	669	669
Amortisation eliminated on disposals	(2,007)	(2,007)
At 30 June 2026	-	-
Carrying amount
At 30 June 2026	-	-
At 30 June 2025	8,947	8,947

CICERO LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

5	Tangible assets

	Fit out, fittings and equipment £	Total £
Cost or valuation
At 1 July 2025	198,774	198,774
Disposals	(198,774)	(198,774)
At 30 June 2026	-	-
Depreciation
At 1 July 2025	49,656	49,656
Charge for the year	39,755	39,755
Eliminated on disposal	(89,411)	(89,411)
At 30 June 2026	-	-
Carrying amount
At 30 June 2026	-	-
At 30 June 2025	149,118	149,118

6

Stocks

	2026 £	2025 £
Stock of foodstuffs	-	3,249

7

Debtors

Current	2026 £	2025 £
Trade debtors	227	-
Prepayments	-	757
Other debtors	3,126	18,126
	3,353	18,883

CICERO LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	112,106	35,824
Trade creditors		5,567	17,301
Taxation and social security		12,652	20,260
Accruals and deferred income		2,370	15,074
Other creditors		1,371	2,234
		134,066	90,693

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	-	216,765

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	126	126	126	126

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Loans from associated companies	-	216,765

Current loans and borrowings

	2026 £	2025 £
Loan from associated company	112,106	35,824