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REGISTERED NUMBER: 14423399 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

CYPRESS VENTURES LTD

CYPRESS VENTURES LTD (Registered number: 14423399)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


CYPRESS VENTURES LTD (Registered number: 14423399)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 983,139 352,687

CURRENT ASSETS
Debtors 5 3,694 24,600
Cash at bank 26,016 6,328
29,710 30,928
CREDITORS
Amounts falling due within one year 6 951,636 405,413
NET CURRENT LIABILITIES (921,926 ) (374,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,213

(21,798

)

CREDITORS
Amounts falling due after more than
one year

7

170,524

-
NET LIABILITIES (109,311 ) (21,798 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 1,660 -
Retained earnings (111,071 ) (21,898 )
SHAREHOLDERS' FUNDS (109,311 ) (21,798 )

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

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

CYPRESS VENTURES LTD (Registered number: 14423399)

Statement of Financial Position - continued
31 December 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 17 April 2025 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 Year Ended 31 December 2024

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
The investment properties are shown at their fair market valuation that it exists on the balance sheet date. Any aggregate surplus or deficit arising from changes in fair value is 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 statement of financial position date.


CYPRESS VENTURES LTD (Registered number: 14423399)

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

2. ACCOUNTING POLICIES - continued
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 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.

Going concern
The company has net liabilities of £109,311. 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 year was 2 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 352,687
Additions 628,792
Revaluations 1,660
At 31 December 2024 983,139
NET BOOK VALUE
At 31 December 2024 983,139
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.

Investment property situated at 11 Conway Street, Stairfoot, Barnsley S70 3ER is under a charge from . The Fern Trading Group Limited. The charge was created on 17th April 2024.

CYPRESS VENTURES LTD (Registered number: 14423399)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 1,660
Cost 981,479
983,139

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 3,694 24,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 304,376 189,750
Trade creditors 22,042 235
Other creditors 625,218 215,428
951,636 405,413

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 170,524 -

CYPRESS VENTURES LTD (Registered number: 14423399)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 304,376 189,750

The loan amounting to £83,636 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 £114,120 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.

The loan amounting to £106,620 is secured by the way of charge on the property situated at 11 Conway Street, Stairfoot, Barnsley S70 3ER (disclosed as investment property). The charge was created in the name of Fern Trading Group Limited on 17th April 2024.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
Transfer to/from reserves 1,660

At 31 December 2024 1,660

CYPRESS VENTURES LTD (Registered number: 14423399)

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

11. RELATED PARTY DISCLOSURES

The company owes £423 (2023: £423) to its director, Mr Sjuul Thomas Sebastiaan Zeekaf as at accounting year end date.

The company owes £302,625 (2023: £191,625) to Bret B.V., a company registered in Netherlands (Company registered number: 77764188), who is also a 50% shareholder of the company as at accounting year end date.

The company owes £298,395 (2023: £20,000) to Zeekaf Holding B.V, a company registered in Netherlands (Company registered number: 86787845), who is also a 50% shareholder of the company as at accounting year end date.