Ziffmell Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00557799 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

Ziffmell Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L Ziff

SECRETARY:

Mrs S S Ziff

REGISTERED OFFICE:

206 Station Road

Edgware

HA8 7AR

REGISTERED NUMBER:

00557799 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,256

2,756

Investment property

5

1,133,435

1,133,435

1,136,691

1,136,191

CURRENT ASSETS

Debtors

6

273,000

275,000

Cash at bank

25,980

31,744

298,980

306,744

CREDITORS

Amounts falling due within one year

7

20,870

41,594

NET CURRENT ASSETS

278,110

265,150

TOTAL ASSETS LESS CURRENT LIABILITIES

1,414,801

1,401,341

CREDITORS

Amounts falling due after more than one year

8

700,811

706,439

NET ASSETS

713,990

694,902

CAPITAL AND RESERVES

Called up share capital

9

20,000

20,000

Retained earnings

693,990

674,902

SHAREHOLDERS' FUNDS

713,990

694,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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.

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 on 31 October 2019 and were signed by:

L S Ziff - Director

1.	STATUTORY INFORMATION

Ziffmell 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover comprises rental income attributable to the year , excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair

value is recognised in profit or loss.

Investment properties are recorded at open market value. Any changes in the market value of investment properties is

shown in the statement of recognised gains and losses, unless a reduction of an individual investment property is

expected to be permanent, in which case it is charged to the profit and loss account in the period which it arises . In

accordance with SSAP 19, no depreciation has been charged on the investment properties . This departure from the

strict requirements of the Companies Act is required to give a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2018

8,334

Additions

1,074

At 31 January 2019

9,408

DEPRECIATION

At 1 February 2018

5,578

Charge for year

574

At 31 January 2019

6,152

NET BOOK VALUE

At 31 January 2019

3,256

At 31 January 2018

2,756

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2018

and 31 January 2019

1,133,435

NET BOOK VALUE

At 31 January 2019

1,133,435

At 31 January 2018

1,133,435

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

273,000

275,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1,060

-

Other creditors

19,810

41,594

20,870

41,594

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Bank loans

700,811

706,439

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

700,811

706,439

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

20,000

Ordinary

£1

20,000

20,000

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Directors current account credit balance of £7071 (2018: £27,665) relates to director, Mr L Ziff..

11.	RELATED PARTY DISCLOSURES

Other debtors balance of £273,000 (2018: £273000) relates to income received from the property sold by the

directors and banked in different accounts.

12.	ULTIMATE CONTROLLING PARTY