Zendegii Frill Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08953167 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Zendegii Frill Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr K Ezaz-Nikpay

Zendegii Retail Limited

Hamiltonian Consulting Ltd

McKinlay (UK) Limited

Mrs A S Sjostrom Eriksson

SECRETARY:

REGISTERED OFFICE:

Unit 10

10 Acklam Road

London

W10 5QZ

REGISTERED NUMBER:

08953167 (England and Wales)

ACCOUNTANTS:

KKVMS LLP

Chartered Certified Accountants

Capital Tower

91 Waterloo Road

London

SE1 8RT

FIXED ASSETS

Tangible assets

4

7,218

16,794

Investments

5

684

684

7,902

17,478

CURRENT ASSETS

Stocks

71,130

73,615

Debtors

6

23,741

85,081

Cash at bank and in hand

46,974

80,219

141,845

238,915

CREDITORS

Amounts falling due within one year

7

6,637

220,607

NET CURRENT ASSETS

135,208

18,308

TOTAL ASSETS LESS CURRENT LIABILITIES

143,110

35,786

CAPITAL AND RESERVES

Called up share capital

8

1,418,000

1,013,000

Retained earnings

9

(1,274,890

)

(977,214

)

SHAREHOLDERS' FUNDS

11

143,110

35,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 on 24 September 2019 and were signed on its behalf by:

Dr K Ezaz-Nikpay - Director

Mrs A S Sjostrom Eriksson - Director

1.	STATUTORY INFORMATION

Zendegii Frill 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 the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost

convention. These accounts have been prepared under the going concern basis due to the shareholders' continued

financial support.

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 residual value of each

asset over its estimated useful life:

Plant and machinary - depreciated on a 3 year straight line basis

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

28,764

DEPRECIATION

At 1 January 2018

11,970

Charge for year

9,576

At 31 December 2018

21,546

NET BOOK VALUE

At 31 December 2018

7,218

At 31 December 2017

16,794

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 January 2018

and 31 December 2018

684

NET BOOK VALUE

At 31 December 2018

684

At 31 December 2017

684

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

4,407

67,545

Other debtors

19,334

17,536

23,741

85,081

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

5,899

27,981

Amounts owed to group undertakings

1,730

167,689

Taxation and social security

(74,710

)

6,132

Other creditors

73,718

18,805

6,637

220,607

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1,418,000,000

Ordinary Shares

£ 0.001

1,418,000

1,013,000

405,000,000 Ordinary Shares shares of £ 0.001 each were allotted and fully paid for cash at par during the year.

9.

RESERVES

Retained

earnings

£

At 1 January 2018

(977,214

)

Deficit for the year

(297,676

)

At 31 December 2018

(1,274,890

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Frill Holding AB.

11.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2018

2017

£

£

Loss for the financial year

(297,676

)

(65,297

)

New share capital subscribed

405,000

-

Net addition/(reduction) to shareholders' funds

107,324

(65,297

)

Opening shareholders' funds

35,786

101,083

Closing shareholders' funds

143,110

35,786

12.	GROUP INDEBTEDNESS

Frill Holding AB assures its continued financial support of Zendegii Frill Ltd (subsidiary of Frill Holding AB)

during 2019 given Zendegii Frill Ltds' key role in the business through its manufacturing operation and global

R&D support.

It is anticipated that for the accounting year ended 31 December 2019 Zendegii Frill limited will continue to

accrue further losses

The board of Frill Holding AB. have provided a signed letter of support to the directors of Zendegii Frill

Limited confirming that:

[1] - Frill Holding AB will support and cover any future losses incurred by Zendegii Frill Limited in the

financial year ending 31 December 2018

[2]- Frill Holding AB will not make a demand of the existing debt unless and until Zendegii Frill Limited has a

positive balance sheet and cashflow of Zendegii Frill Limited permits

[3]-Frill Holding AB., will continue to support the existing losses during the entire Financial Year ending 31

December 2019

[4]On the basis of the signed letter of support from Frill Holding AB., the accounts for the year ended 31

December 2018 have been prepared on a historical cost basis