0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 485,746 382,402 868,148 868,148 485,746 xbrli:pure xbrli:shares iso4217:GBP 12034750 2022-07-01 2023-06-30 12034750 2023-06-30 12034750 2022-06-30 12034750 2021-07-01 2022-06-30 12034750 2022-06-30 12034750 2021-06-30 12034750 bus:RegisteredOffice 2022-07-01 2023-06-30 12034750 bus:LeadAgentIfApplicable 2022-07-01 2023-06-30 12034750 bus:Director1 2022-07-01 2023-06-30 12034750 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 12034750 core:WithinOneYear 2023-06-30 12034750 core:WithinOneYear 2022-06-30 12034750 core:AfterOneYear 2023-06-30 12034750 core:ShareCapital 2023-06-30 12034750 core:ShareCapital 2022-06-30 12034750 core:RetainedEarningsAccumulatedLosses 2023-06-30 12034750 core:RetainedEarningsAccumulatedLosses 2022-06-30 12034750 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 12034750 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 12034750 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 12034750 bus:SmallEntities 2022-07-01 2023-06-30 12034750 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 12034750 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12034750 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12034750 bus:FullAccounts 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 12034750
CYPRASA HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2023
CYPRASA HOLDINGS LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
CYPRASA HOLDINGS LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
Director
Ms M Nicola
Registered office
30 Heath Road
Harrow
England
HA1 4DA
Accountants
TC BSG Valentine Limited
Accountants
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
CYPRASA HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
868,148
485,746
CURRENT ASSETS
Debtors
5
2,201
223
Cash at bank and in hand
6,626
8,139
-------
-------
8,827
8,362
CREDITORS: amounts falling due within one year
6
( 677,097)
( 508,223)
---------
---------
NET CURRENT LIABILITIES
( 668,270)
( 499,861)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
199,878
( 14,115)
CREDITORS: amounts falling due after more than one year
7
( 272,851)
---------
--------
NET LIABILITIES
( 72,973)
( 14,115)
---------
--------
CAPITAL AND RESERVES
Called up share capital
2
2
Profit and loss account
( 72,975)
( 14,117)
--------
--------
SHAREHOLDERS DEFICIT
( 72,973)
( 14,115)
--------
--------
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 30 June 2023 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
CYPRASA HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 7 April 2024 , and are signed on behalf of the board by:
Ms M Nicola
Director
Company registration number: 12034750
CYPRASA HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 Heath Road, Harrow, HA1 4DA, England.
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.
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Tangible assets
Freehold property
£
Cost
At 1 July 2022
485,746
Additions
382,402
---------
At 30 June 2023
868,148
---------
Depreciation
At 1 July 2022 and 30 June 2023
---------
Carrying amount
At 30 June 2023
868,148
---------
At 30 June 2022
485,746
---------
The company's investment property was valued on 30 June 2023 by the director on an open market value basis of £868,148 (2022: £485,746). This is in accordance with the Financial Reporting Standard 102. It is the director's opinion that there is no material difference in the open market value and the carrying value, in the financial statements, at 30 June 2023.
5. Debtors
2023
2022
£
£
Other debtors
2,201
223
-------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
7,906
Other creditors
669,191
508,223
---------
---------
677,097
508,223
---------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
272,851
---------
----