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REGISTERED NUMBER: 13173393 (England and Wales)







Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Cypress Rental Properties Ltd

Cypress Rental Properties Ltd (Registered number: 13173393)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cypress Rental Properties Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr T J H Wilsher
Mrs C H C Wilsher





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 13173393 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Cypress Rental Properties Ltd (Registered number: 13173393)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,050,000 1,105,000

CURRENT ASSETS
Debtors 5 - 1,716
Cash at bank 34,423 20,773
34,423 22,489
CREDITORS
Amounts falling due within one year 6 203,260 17,534
NET CURRENT (LIABILITIES)/ASSETS (168,837 ) 4,955
TOTAL ASSETS LESS CURRENT LIABILITIES 881,163 1,109,955

CREDITORS
Amounts falling due after more than one year 7 (225,000 ) (404,642 )

PROVISIONS FOR LIABILITIES (7,600 ) (18,050 )
NET ASSETS 648,563 687,263

CAPITAL AND RESERVES
Called up share capital 9 100,000 100,000
Share premium 10 505,902 505,902
Revaluation reserve 10 32,400 -
Retained earnings 10 10,261 81,361
SHAREHOLDERS' FUNDS 648,563 687,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Cypress Rental Properties Ltd (Registered number: 13173393)

Balance Sheet - continued
29 February 2024


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 30 April 2024 and were signed on its behalf by:





Mr T J H Wilsher - Director


Cypress Rental Properties Ltd (Registered number: 13173393)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Cypress Rental Properties Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,105,000
Revaluations (55,000 )
At 29 February 2024 1,050,000
NET BOOK VALUE
At 29 February 2024 1,050,000
At 28 February 2023 1,105,000

Cypress Rental Properties Ltd (Registered number: 13173393)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INVESTMENT PROPERTY - continued

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2022 95,000
Valuation in 2024 (55,000 )
Cost 1,010,000
1,050,000

If investment properties had not been revalued they would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 1,010,000 1,010,000

Investment properties were valued on an open market basis on 29 February 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Accrued income - 1,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 2,246 2,241
Directors' current accounts 199,926 14,302
Accrued expenses 1,088 991
203,260 17,534

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yrs non-inst 225,000 404,642

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 225,000 404,642

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Mortgage 225,000 404,642

Other loans are secured against the investment property held within the accounts.

Cypress Rental Properties Ltd (Registered number: 13173393)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
50,000 Ordinary A £1 50,000 100,000
50,000 Ordinary B £1 50,000 -
100,000 100,000

10. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 March 2023 81,361 505,902 - 587,263
Deficit for the year (34,700 ) (34,700 )
Dividends (4,000 ) (4,000 )
Assets revalued in period (32,400 ) - 32,400 -
At 29 February 2024 10,261 505,902 32,400 548,563