Zencrown Limited Filleted accounts for Companies House (small and micro)
Zencrown Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05075888
|
|
|
|
Balance Sheet |
2020 |
2019 |
||
Note |
£ |
£ |
£ |
Current assets
Debtors |
6 |
|
|
|
Cash at bank and in hand |
|
|
||
--------- |
--------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
7 |
(
|
(
|
|
--------- |
--------- |
|||
Net current assets |
|
|
||
-------- |
-------- |
|||
Total assets less current liabilities |
|
|
||
-------- |
-------- |
|||
Net assets |
|
|
||
-------- |
-------- |
|||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
-------- |
-------- |
||
Shareholders funds |
|
|
|
-------- |
-------- |
||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
7 January 2021
, and are signed on behalf of the board by:
|
Director |
Company registration number:
05075888
|
Notes to the Financial Statements |
Year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 77 Grand Parade, Green Lanes, London, N4 1DX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Revenue recognition
Taxation
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2019:
3
).
5.
Dividends
2020 |
2019 |
|
£ |
£ |
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
|
– |
-------- |
---- |
|
6.
Debtors
2020 |
2019 |
|
£ |
£ |
|
Prepayments and accrued income |
|
|
Other debtors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
7.
Creditors:
amounts falling due within one year
2020 |
2019 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
8.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value |
Balance owed by/(owed to) |
|||
2020 |
2019 |
2020 |
2019 |
|
£ |
£ |
£ |
£ |
|
Cutiepie Limited |
568 |
576 |
1,768 |
1,200 |
Moonreach Five LLP |
– |
(18,134) |
– |
– |
Zonecrest London Limited |
1,324 |
(3,701) |
1,325 |
1 |
Apollo Property Services Limited |
– |
3,440 |
(
14,379) |
(
14,379) |
Kaudra Property Company Limited |
– |
– |
(
127) |
(
127) |
Zonebell London Limited |
(38,407) |
(2,627) |
(
1,819) |
36,589 |
Apollo & Co LLP |
(61,155) |
(29,836) |
(
83,780) |
(
22,625) |
Bank Flat Partnership |
426 |
(1,220) |
(
3,035) |
(
3,461) |
Bondbureau Partnership |
– |
(2,371) |
(
2,371) |
(
2,371) |
-------- |
-------- |
-------- |
-------- |
|
The above transactions were with entities in which the directors have a material interest. During the year, the company paid dividends of £40,000 (2019: £Nil) to the directors in respect of their shareholding in the company.