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REGISTERED NUMBER: 09381422 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Cypresshawk Limited

Cypresshawk Limited (Registered number: 09381422)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cypresshawk Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C Allen
B G Eades





REGISTERED OFFICE: Universal Square
Building 2
3rd Floor
Devonshire Street North
Manchester
M12 6JH





REGISTERED NUMBER: 09381422 (England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Cypresshawk Limited (Registered number: 09381422)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,000,000 55,155,579

CURRENT ASSETS
Stocks 10,090 13,891
Debtors 5 5,682,720 4,124,800
Cash at bank and in hand 675,732 48,247
6,368,542 4,186,938
CREDITORS
Amounts falling due within one year 6 3,823,624 3,248,220
NET CURRENT ASSETS 2,544,918 938,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,544,918

56,094,297

CREDITORS
Amounts falling due after more than one
year

7

22,281,818

23,454,545
NET ASSETS 30,263,100 32,639,752

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 30,263,090 32,639,742
SHAREHOLDERS' FUNDS 30,263,100 32,639,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cypresshawk Limited (Registered number: 09381422)

Balance Sheet - continued
31 March 2023


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 19 October 2023 and were signed on its behalf by:





C Allen - Director


Cypresshawk Limited (Registered number: 09381422)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cypresshawk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Cypresshawk Limited (Registered number: 09381422)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 55,140,966 29,227 55,170,193
Additions 41,688 - 41,688
Revaluations (5,182,654 ) - (5,182,654 )
At 31 March 2023 50,000,000 29,227 50,029,227
DEPRECIATION
At 1 April 2022 - 14,614 14,614
Charge for year - 14,613 14,613
At 31 March 2023 - 29,227 29,227
NET BOOK VALUE
At 31 March 2023 50,000,000 - 50,000,000
At 31 March 2022 55,140,966 14,613 55,155,579

Cost or valuation at 31 March 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2023 50,000,000 - 50,000,000
Cost - 29,227 29,227
50,000,000 29,227 50,029,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 329,478 279,562
Net service charges 343,895 848,179
Other debtors 147,761 5,054
Associated company loans 4,456,192 2,660,778
Accrued income 181,592 76,573
Prepayments 223,802 254,654
5,682,720 4,124,800

Cypresshawk Limited (Registered number: 09381422)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,254,325 1,861,706
VAT 341,156 243,484
Other creditors 160,730 -
Deposits 386,757 211,402
Associated company loans 277,612 58,738
Deferred income 632,119 558,950
Accrued expenses 770,925 313,940
3,823,624 3,248,220

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 22,281,818 23,454,545

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
10 Ordinary £1 10 10

9. RESERVES
Retained
earnings
£   

At 1 April 2022 32,639,742
Deficit for the year (2,376,652 )
At 31 March 2023 30,263,090