REGISTERED NUMBER: 08777953 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Cypress Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Tajinderpal S Obhrai

Deepinder S Obhrai

REGISTERED OFFICE:

173 Cleveland Street

London

W1T 6QR

REGISTERED NUMBER:

08777953 (England and Wales)

ACCOUNTANTS:

Shah Dodhia & Co

173 Cleveland Street

London

W1T 6QR

FIXED ASSETS

Intangible assets

5

6

6

Tangible assets

6

220,701

198,555

220,707

198,561

CURRENT ASSETS

Stocks

9,714

13,378

Debtors

7

72,960

106,456

Cash at bank and in hand

254,764

384,588

337,438

504,422

CREDITORS

Amounts falling due within one year

8

1,310,660

673,443

NET CURRENT LIABILITIES

(973,222

)

(169,021

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(752,515

)

29,540

CREDITORS

Amounts falling due after more than one year

9

16,288

656,393

NET LIABILITIES

(768,803

)

(626,853

)

CAPITAL AND RESERVES

Called up share capital

1

1

Equity contribution reserve

171,718

171,718

Retained earnings

(940,522

)

(798,572

)

(768,803

)

(626,853

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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.

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 28 May 2026 and were signed on its behalf by:

Tajinderpal S Obhrai - Director

1.	STATUTORY INFORMATION

Cypress Ltd 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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 of current 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.

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

Notwithstanding net liabilities of £768,803 (2024: £626,853) these financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons:

The ability of the Company to remain as a going concern is dependent on the fellow subsidiary company not seeking repayment of the amounts currently due to it and the immediate company providing financial support to the Company. The immediate parent has indicated its intention to make available such funds as needed by the Company, and the fellow subsidiary company has also indicated that it does not intend to seek repayment of the amounts due at the Balance Sheet date for the foreseeable future.

As with any company placing reliance on other group entities for financial support, the directors of the company acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

On this basis, the directors believe it remains appropriate to prepare the financial statements on a going concern basis.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at the amount receivable and subsequently adjusted for any impairment or other change in consideration expected to be received on settlement.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially measured at the amount payable and subsequently adjusted for any change in consideration expected to be paid on settlement.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 43 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

25,000

5

25,005

AMORTISATION

At 1 September 2024

and 31 August 2025

24,999

-

24,999

NET BOOK VALUE

At 31 August 2025

1

5

6

At 31 August 2024

1

5

6

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2024

377,853

601,915

31,925

1,011,693

Additions

17,850

57,931

1,541

77,322

At 31 August 2025

395,703

659,846

33,466

1,089,015

DEPRECIATION

At 1 September 2024

310,505

477,457

25,176

813,138

Charge for year

17,040

36,478

1,658

55,176

At 31 August 2025

327,545

513,935

26,834

868,314

NET BOOK VALUE

At 31 August 2025

68,158

145,911

6,632

220,701

At 31 August 2024

67,348

124,458

6,749

198,555

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,315

4,417

Amounts owed by group undertakings

6,248

9,360

Amounts owed by related undertakings

-

42,718

Other debtors

48,397

49,961

72,960

106,456

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans

50,400

50,400

Trade creditors

90,763

87,089

Amounts owed to group undertakings

608,634

23,600

Amounts owed to related undertakings

96,031

-

Taxation and social security

87,888

89,304

Other creditors

376,944

423,050

1,310,660

673,443

The company has received interest free loans of £608,634 (2024: £632,235) from it's fellow subsidiary company. The loan is unsecured and available till August 2025. The loan balance is discounted at 3.125% per annum to its Net Present Value. The total discounted loan balance outstanding at the Balance sheet date was £608,634 (2024 : £613,678).

The loan has since been renewed for an additional five year interest free term, effective September 2025.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

16,288

66,315

Amounts owed to group undertakings

-

590,078

16,288

656,393

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

Tajinderpal S Obhrai

Balance outstanding at start of year

-

15,758

Amounts repaid

-

(15,758

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Deepinder S Obhrai

Balance outstanding at start of year

-

27,315

Amounts advanced

-

277

Amounts repaid

-

(27,592

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

11.	RELATED PARTY DISCLOSURES

The company was charged rent of £236,000 (2024: £236,050) by its parent company for the year.

The company has given an interest free loan repayment on demand of £96,031 (2024: £Nil) to a common under the common control.

The directors confirm that there are no other related party transactions other than those disclosed in these financial statements, or from which disclosure exemption was taken, based on FRS 102.33.