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Financial Statements for the Year Ended 31 August 2019 |
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Cypress Avenue Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 August 2019 |
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for |
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Cypress Avenue Limited |
Cypress Avenue Limited (Registered number: 03579518) |
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Contents of the Financial Statements |
for the Year Ended 31 August 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Cypress Avenue Limited |
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Company Information |
for the Year Ended 31 August 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants & Registered Auditors |
2nd Floor, Woodside House |
261 Low Lane |
Horsforth |
Leeds |
West Yorkshire |
LS18 5NY |
Cypress Avenue Limited (Registered number: 03579518) |
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Balance Sheet |
31 August 2019 |
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31.8.19 | 31.8.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Investments | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 8 |
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Retained earnings | 366,656 | 358,401 |
SHAREHOLDERS' FUNDS |
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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 Avenue Limited (Registered number: 03579518) |
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Balance Sheet - continued |
31 August 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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Cypress Avenue Limited (Registered number: 03579518) |
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Notes to the Financial Statements |
for the Year Ended 31 August 2019 |
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1. | STATUTORY INFORMATION |
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Cypress Avenue Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net rents receivable. |
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Tangible fixed assets |
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Freehold property | - |
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Fixtures and fittings | - |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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 Avenue Limited (Registered number: 03579518) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Investment properties |
Investment property is included at fair value. Changes in fair value are recognised in the income |
statement. |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 September 2018 |
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Revaluations |
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At 31 August 2019 |
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DEPRECIATION |
At 1 September 2018 |
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Charge for year |
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At 31 August 2019 |
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NET BOOK VALUE |
At 31 August 2019 |
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At 31 August 2018 |
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Cost or valuation at 31 August 2019 is represented by: |
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Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
Valuation in 2002 | 111,604 | - | 111,604 |
Valuation in 2003 | 24,940 | - | 24,940 |
Valuation in 2004 | 90,000 | - | 90,000 |
Valuation in 2007 | 20,000 | - | 20,000 |
Valuation in 2008 | (50,000 | ) | - | (50,000 | ) |
Valuation in 2017 | 89,350 | - | 89,350 |
Valuation in 2018 | (20,000 | ) | - | (20,000 | ) |
Valuation in 2019 | 38,000 | - | 38,000 |
Cost | 305,106 | 7,343 | 312,449 |
609,000 | 7,343 | 616,343 |
Cypress Avenue Limited (Registered number: 03579518) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.19 | 31.8.18 |
£ | £ |
Other debtors |
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5. | CURRENT ASSET INVESTMENTS |
31.8.19 | 31.8.18 |
£ | £ |
Investment | 48,659 | 48,659 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.19 | 31.8.18 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | SECURED DEBTS |
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Mortgage deeds are held by The Mortgage Works (UK) Plc. |
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8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 September 2018 |
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Revaluation | 58,104 |
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At 31 August 2019 |
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Cypress Avenue Limited (Registered number: 03579518) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2019 |
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 August 2019 and |
31 August 2018: |
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31.8.19 | 31.8.18 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest is charged on overdrawn loan accounts at the official rate. |