REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 17 October 2022 to 31 December 2023 |
for |
CYPRESS VENTURES LTD |
REGISTERED NUMBER: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 |
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 |
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 |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
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 |
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: | £ |
Ordinary | £1 | 100 |
100 Ordinary shares of £1 each were allotted and fully paid for |
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. |