For yuzu it says that but for ryujinx it doesn't mention make another folder with the same name as the cheat.
[x2 Player Speed (ON) 1.1.1]
040A0000 01E1CE2C 1E2E1000
the above code is not mine and credit goes to either one of the creators here.
@Choopie
For ryujinx check the guide on page 63, the folder structure should be like (or well mine is like this):
with 1 txt file that has all your cheat codes added there.
Hmmm can i see your folder structure again. tbh im at a lost, if you followed the guide, used the v1.1.1 cheats then I really don't know whats the issue.