IRIS Accounts Production v24.3.2.46 09381422 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093814222023-03-31093814222024-03-31093814222023-04-012024-03-31093814222022-03-31093814222022-04-012023-03-31093814222023-03-3109381422ns15:EnglandWales2023-04-012024-03-3109381422ns14:PoundSterling2023-04-012024-03-3109381422ns10:Director12023-04-012024-03-3109381422ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109381422ns10:SmallEntities2023-04-012024-03-3109381422ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109381422ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109381422ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109381422ns10:FullAccounts2023-04-012024-03-3109381422ns10:OrdinaryShareClass12023-04-012024-03-3109381422ns10:Director22023-04-012024-03-3109381422ns10:Director32023-04-012024-03-3109381422ns10:RegisteredOffice2023-04-012024-03-3109381422ns5:CurrentFinancialInstruments2024-03-3109381422ns5:CurrentFinancialInstruments2023-03-3109381422ns5:Non-currentFinancialInstruments2024-03-3109381422ns5:Non-currentFinancialInstruments2023-03-3109381422ns5:ShareCapital2024-03-3109381422ns5:ShareCapital2023-03-3109381422ns5:RetainedEarningsAccumulatedLosses2024-03-3109381422ns5:RetainedEarningsAccumulatedLosses2023-03-3109381422ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-04-012024-03-3109381422ns5:LandBuildings2023-03-3109381422ns5:PlantMachinery2023-03-3109381422ns5:LandBuildings2023-04-012024-03-3109381422ns5:PlantMachinery2023-04-012024-03-3109381422ns5:LandBuildings2024-03-3109381422ns5:PlantMachinery2024-03-3109381422ns5:LandBuildings2023-03-3109381422ns5:PlantMachinery2023-03-3109381422ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109381422ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3109381422ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3109381422ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3109381422ns10:OrdinaryShareClass12024-03-3109381422ns5:RetainedEarningsAccumulatedLosses2023-03-3109381422ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 09381422 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cypresshawk Limited

Cypresshawk Limited (Registered number: 09381422)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cypresshawk Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Allen
B G Eades
D W Tracey





REGISTERED OFFICE: Universal Square
Building 2
3rd Floor
Devonshire Street North
Manchester
M12 6JH





REGISTERED NUMBER: 09381422 (England and Wales)





ACCOUNTANTS: Uppal & Warr
Chartered Accountants
452 Manchester Road
Heaton Chapel
Stockport
SK4 5DL

Cypresshawk Limited (Registered number: 09381422)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,500,000 50,000,000

CURRENT ASSETS
Stocks 13,823 10,090
Debtors 5 7,528,011 5,682,720
Cash at bank and in hand 12,453 675,732
7,554,287 6,368,542
CREDITORS
Amounts falling due within one year 6 9,835,231 3,823,624
NET CURRENT (LIABILITIES)/ASSETS (2,280,944 ) 2,544,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,219,056

52,544,918

CREDITORS
Amounts falling due after more than one
year

7

18,805,344

22,281,818
NET ASSETS 15,413,712 30,263,100

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 9 15,413,702 30,263,090
SHAREHOLDERS' FUNDS 15,413,712 30,263,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Cypresshawk Limited (Registered number: 09381422)

Balance Sheet - continued
31 March 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 19 December 2024 and were signed on its behalf by:





C Allen - Director


Cypresshawk Limited (Registered number: 09381422)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cypresshawk Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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).

Cypresshawk Limited (Registered number: 09381422)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 50,000,000 29,227 50,029,227
Additions 149,230 - 149,230
Impairments (13,649,230 ) - (13,649,230 )
At 31 March 2024 36,500,000 29,227 36,529,227
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 29,227 29,227
NET BOOK VALUE
At 31 March 2024 36,500,000 - 36,500,000
At 31 March 2023 50,000,000 - 50,000,000

Cost or valuation at 31 March 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2024 36,500,000 - 36,500,000
Cost - 29,227 29,227
36,500,000 29,227 36,529,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 233,446 329,478
Net service charges 1,568,578 343,895
Other debtors 754 147,761
Associated company loans 5,417,390 4,456,192
Accrued income 115,868 181,592
Prepayments 191,975 223,802
7,528,011 5,682,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,733,257 1,254,325
VAT 200,602 341,156
Other creditors - 160,730
Deposits 420,153 386,757
Associated company loans 1,764,676 277,612
Deferred income 784,227 632,119
Accrued expenses 4,932,316 770,925
9,835,231 3,823,624

Cypresshawk Limited (Registered number: 09381422)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 18,805,344 22,281,818

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
10 Ordinary £1 10 10

9. RESERVES
Retained
earnings
£   

At 1 April 2023 30,263,090
Deficit for the year (14,849,388 )
At 31 March 2024 15,413,702