Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01670872 D Bugden M T Bugden S J Pickford D Bugden Mrs Doreen Bugden false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01670872 2023-03-31 01670872 2024-03-31 01670872 2023-04-01 2024-03-31 01670872 frs-core:CurrentFinancialInstruments 2024-03-31 01670872 frs-core:FurnitureFittings 2024-03-31 01670872 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01670872 frs-core:FurnitureFittings 2023-03-31 01670872 frs-core:RevaluationReserve 2024-03-31 01670872 frs-core:ShareCapital 2024-03-31 01670872 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01670872 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01670872 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01670872 frs-bus:SmallEntities 2023-04-01 2024-03-31 01670872 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01670872 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01670872 1 2023-04-01 2024-03-31 01670872 frs-bus:Director1 2023-04-01 2024-03-31 01670872 frs-bus:Director2 2023-04-01 2024-03-31 01670872 frs-bus:Director3 2023-04-01 2024-03-31 01670872 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01670872 frs-countries:EnglandWales 2023-04-01 2024-03-31 01670872 2022-03-31 01670872 2023-03-31 01670872 2022-04-01 2023-03-31 01670872 frs-core:CurrentFinancialInstruments 2023-03-31 01670872 frs-core:RevaluationReserve 2023-03-31 01670872 frs-core:ShareCapital 2023-03-31 01670872 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 01670872
Cypresstree Properties Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Naylor Accountancy Services Ltd
25 Hursley Road
Chandler's Ford
Eastleigh
Hampshire
SO53 2FS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01670872
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,726 3,635
Investment Properties 5 635,000 670,000
637,726 673,635
CURRENT ASSETS
Debtors 6 28,976 23,480
Cash at bank and in hand 620,550 409,160
649,526 432,640
Creditors: Amounts Falling Due Within One Year 7 (113,001 ) (99,262 )
NET CURRENT ASSETS (LIABILITIES) 536,525 333,378
TOTAL ASSETS LESS CURRENT LIABILITIES 1,174,251 1,007,013
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (518 ) (691 )
NET ASSETS 1,173,733 1,006,322
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 469,392 468,041
Profit and Loss Account 704,241 538,181
SHAREHOLDERS' FUNDS 1,173,733 1,006,322
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
D Bugden
Director
29th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cypresstree Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01670872 . The registered office is 3 Ashlands, Ford, Salisbury, Wiltshire, SP4 6DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared  in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is require to show a true and fair view.
The financial statemnents are prepared in sterling, which is the functional currency of the company. Monetary amounts in these fiancial statements are rounded to the neareast £.
The finacial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
2.2. Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods or services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are initially  measured at cost less and subsequently measured at cost or valuation, net of  depreciation and any  impairment losses.
Depreciation is as to write off the cost of  assets  less their  residual values over their useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of  the asset, and is credited or charged to profit or loss.
2.4. Investment Properties
Iinvestment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in porfit or loss.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
2.6. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 1)
3 1
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 April 2023 15,180
As at 31 March 2024 15,180
Depreciation
As at 1 April 2023 11,545
Provided during the period 909
As at 31 March 2024 12,454
Net Book Value
As at 31 March 2024 2,726
As at 1 April 2023 3,635
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 670,000
Disposals (125,000 )
Fair value adjustments 90,000
As at 31 March 2024 635,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,506 22,460
Other debtors 20,470 1,020
28,976 23,480
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other loans 16,094 16,094
Other creditors 40,990 15,226
Taxation and social security 55,917 67,942
113,001 99,262
Page 4
Page 5
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 518 691
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Controlling Party
The ultimate controlling party is Mrs Doreen Bugden by virtue of her shareholding in the parent company Cypresstree Investments Limited.
Page 5