IRIS Accounts Production v24.3.2.46 03579518 director 1.9.23 31.8.24 31.8.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035795182023-08-31035795182024-08-31035795182023-09-012024-08-31035795182022-08-31035795182022-09-012023-08-31035795182023-08-3103579518ns15:EnglandWales2023-09-012024-08-3103579518ns14:PoundSterling2023-09-012024-08-3103579518ns10:Director12023-09-012024-08-3103579518ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3103579518ns10:SmallEntities2023-09-012024-08-3103579518ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3103579518ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3103579518ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3103579518ns10:FullAccounts2023-09-012024-08-3103579518ns10:CompanySecretary12023-09-012024-08-3103579518ns10:RegisteredOffice2023-09-012024-08-3103579518ns5:CurrentFinancialInstruments2024-08-3103579518ns5:CurrentFinancialInstruments2023-08-3103579518ns5:Non-currentFinancialInstruments2024-08-3103579518ns5:Non-currentFinancialInstruments2023-08-3103579518ns5:ShareCapital2024-08-3103579518ns5:ShareCapital2023-08-3103579518ns5:RevaluationReserve2024-08-3103579518ns5:RevaluationReserve2023-08-3103579518ns5:RetainedEarningsAccumulatedLosses2024-08-3103579518ns5:RetainedEarningsAccumulatedLosses2023-08-3103579518ns5:FurnitureFittings2023-09-012024-08-3103579518ns5:FurnitureFittings2023-08-3103579518ns5:FurnitureFittings2024-08-3103579518ns5:FurnitureFittings2023-08-3103579518ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3103579518ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3103579518ns5:RevaluationReserve2023-08-31035795181ns10:Director12023-08-31035795181ns10:Director12022-08-31035795181ns10:Director12023-09-012024-08-31035795181ns10:Director12022-09-012023-08-31035795181ns10:Director12024-08-31035795181ns10:Director12023-08-31
REGISTERED NUMBER: 03579518 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Cypress Avenue Limited

Cypress Avenue Limited (Registered number: 03579518)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cypress Avenue Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G A Pawley





SECRETARY: H Pawley





REGISTERED OFFICE: Bankfield
6 North Park Road
Leeds
West Yorkshire
LS8 1JD





REGISTERED NUMBER: 03579518 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
2nd Floor, Woodside House
261 Low Lane
Horsforth
Leeds
West Yorkshire
LS18 5NY

Cypress Avenue Limited (Registered number: 03579518)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190 224
Investment property 5 1,483,000 1,426,500
1,483,190 1,426,724

CURRENT ASSETS
Debtors 6 312 75,837
Cash at bank and in hand 5,322 1,104
5,634 76,941
CREDITORS
Amounts falling due within one year 7 64,585 173,812
NET CURRENT LIABILITIES (58,951 ) (96,871 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,424,239

1,329,853

CREDITORS
Amounts falling due after more than one year 8 (375,495 ) (375,495 )

PROVISIONS FOR LIABILITIES (112,768 ) (98,643 )
NET ASSETS 935,976 855,715

CAPITAL AND RESERVES
Called up share capital 102 102
Fair value reserve 10 480,145 437,770
Retained earnings 455,729 417,843
SHAREHOLDERS' FUNDS 935,976 855,715

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Avenue Limited (Registered number: 03579518)

Balance Sheet - continued
31 August 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 director and authorised for issue on 30 November 2024 and were signed by:





G A Pawley - Director


Cypress Avenue Limited (Registered number: 03579518)

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

1. STATUTORY INFORMATION

Cypress Avenue 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 represents net rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges 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.

Investment properties
Investment property is included at fair value. Changes in fair value are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Cypress Avenue Limited (Registered number: 03579518)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 7,343
DEPRECIATION
At 1 September 2023 7,119
Charge for year 34
At 31 August 2024 7,153
NET BOOK VALUE
At 31 August 2024 190
At 31 August 2023 224

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,426,500
Revaluations 56,500
At 31 August 2024 1,483,000
NET BOOK VALUE
At 31 August 2024 1,483,000
At 31 August 2023 1,426,500

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2022 563,413
Valuation in 2023 (27,000 )
Valuation in 2024 56,500
Cost 890,087
1,483,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 312 -
Other debtors - 75,837
312 75,837

Cypress Avenue Limited (Registered number: 03579518)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors - 1,098
Taxation and social security 11,487 7,101
Other creditors 53,098 165,613
64,585 173,812

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other creditors 375,495 375,495

Amounts falling due in more than five years:

Repayable by instalments
Mortgages due > 5 years 375,495 375,495

9. SECURED DEBTS

Mortgage deeds are held by The Mortgage Works (UK) Plc and the Buy-to-let Mortgage is held by The Paragon Bank Plc.

10. RESERVES
Fair
value
reserve
£   
At 1 September 2023 437,770
Revaluation 42,375

At 31 August 2024 480,145

Cypress Avenue Limited (Registered number: 03579518)

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

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
G A Pawley
Balance outstanding at start of year 75,836 -
Amounts advanced 65,303 75,836
Amounts repaid (155,901 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,762 ) 75,836