IRIS Accounts Production v24.1.4.33 14423399 Board of Directors 17.10.22 31.12.23 31.12.23 false true false false true false Fair value model Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144233992022-10-16144233992023-12-31144233992022-10-172023-12-31144233992022-10-1614423399ns15:EnglandWales2022-10-172023-12-3114423399ns14:PoundSterling2022-10-172023-12-3114423399ns10:Director12022-10-172023-12-3114423399ns10:PrivateLimitedCompanyLtd2022-10-172023-12-3114423399ns10:SmallEntities2022-10-172023-12-3114423399ns10:AuditExempt-NoAccountantsReport2022-10-172023-12-3114423399ns10:SmallCompaniesRegimeForDirectorsReport2022-10-172023-12-3114423399ns10:SmallCompaniesRegimeForAccounts2022-10-172023-12-3114423399ns10:FullAccounts2022-10-172023-12-3114423399ns10:OrdinaryShareClass12022-10-172023-12-3114423399ns10:OrdinaryShareClass112022-10-172023-12-3114423399ns5:CurrentFinancialInstruments2023-12-3114423399ns5:ShareCapital2023-12-3114423399ns5:RetainedEarningsAccumulatedLosses2023-12-3114423399ns10:RegisteredOffice2022-10-172023-12-3114423399ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3114423399ns5:Secured2023-12-3114423399ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 14423399 (England and Wales)















Unaudited Financial Statements

for the Period 17 October 2022 to 31 December 2023

for

CYPRESS VENTURES LTD

CYPRESS VENTURES LTD (Registered number: 14423399)






Contents of the Financial Statements
for the Period 17 October 2022 to 31 December 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


CYPRESS VENTURES LTD (Registered number: 14423399)

Statement of Financial Position
31 December 2023

Notes £    £   
FIXED ASSETS
Investment property 4 352,687

CURRENT ASSETS
Debtors 5 24,600
Cash at bank 6,328
30,928
CREDITORS
Amounts falling due within one year 6 405,413
NET CURRENT LIABILITIES (374,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,798

)

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (21,898 )
SHAREHOLDERS' FUNDS (21,798 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

CYPRESS VENTURES LTD (Registered number: 14423399)

Statement of Financial Position - continued
31 December 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 29 August 2024 and were signed on its behalf by:





Mr Sjuul Thomas Sebastiaan Zeekaf - Director


CYPRESS VENTURES LTD (Registered number: 14423399)

Notes to the Financial Statements
for the Period 17 October 2022 to 31 December 2023

1. STATUTORY INFORMATION

CYPRESS VENTURES LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14423399

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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.

Investment property
The investment property has been stated at cost as the properties are still under refurbishment as at balance sheet date therefore the market value cannot be estimated.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

CYPRESS VENTURES LTD (Registered number: 14423399)

Notes to the Financial Statements - continued
for the Period 17 October 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Going concern
The company has net liabilities of £21,798. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 352,687
At 31 December 2023 352,687
NET BOOK VALUE
At 31 December 2023 352,687

Investment property situated at 401 Tonge Moor Road, Bolton, BL2 2JS is under a charge from Together Commercial Finance Limited. The charge was created on 20th November 2023.

Investment property situated at 298 Bolton Road, Worsley, M28 3FJ is under a charge from Together Commercial Finance Limited. The charge was created on 17th November 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 24,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 189,750
Trade creditors 235
Other creditors 215,428
405,413

CYPRESS VENTURES LTD (Registered number: 14423399)

Notes to the Financial Statements - continued
for the Period 17 October 2022 to 31 December 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 189,750

The loan amounting to £80,250 is secured by the way of charge on the property situated at 401 Tonge Moor Road, Bolton, BL2 2JS (disclosed as investment property). The charge was created in the name of Together Commercial Finance Limited on 20th November 2023.

The loan amounting to £109,500 is secured by the way of charge on the property situated at 298 Bolton Road, Worsley, M28 3FJ (disclosed as investment property). The charge was created in the name of Together Commercial Finance Limited on 17th November 2023.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

9. RELATED PARTY DISCLOSURES

The company owes £423 to its director, Mr Sjuul Thomas Sebastiaan Zeekaf as at accounting year end date.

The company owes £191,625 to Bret B.V., a company registered in Netherlands (Company registered number: 77764188) as at accounting year end date , who is also a 50% shareholder of the company as at accounting year end date.

The company owes £20,000 to Zeekaf Holding B.V, a company registered in Netherlands (Company registered number: 86787845) as at accounting year end date , who is also a 50% shareholder of the company as at accounting year end date.