Zest Ventures Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05268456 (England and Wales)

Financial Statements for the Year Ended 31 March 2020

for

Zest Ventures Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

Mr R A Boughton

Mr M A J Boughton

SECRETARY:

APS Nominees Limited

REGISTERED OFFICE:

Sanderum House

Oakley Road

Chinnor Oxfordshire

OX9 4TW

REGISTERED NUMBER:

05268456 (England and Wales)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zest Ventures Limited for the year ended 31 March 2020 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Zest Ventures Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zest Ventures Limited and state those matters that we have agreed to state to the Board of Directors of Zest Ventures Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Zest Ventures Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zest Ventures Limited. You consider that Zest Ventures Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Zest Ventures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

APS Accountancy Ltd

4 Cromwell Court

New Street

Aylesbury

Buckinghamshire

HP20 2PB

20 August 2020

CURRENT ASSETS

Debtors

4

1,717,599

1,708,916

Cash at bank

242,893

265,140

1,960,492

1,974,056

CREDITORS

Amounts falling due within one year

5

(697,039

)

(681,508

)

NET CURRENT ASSETS

1,263,453

1,292,548

TOTAL ASSETS LESS CURRENT LIABILITIES

1,263,453

1,292,548

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Retained earnings

1,213,453

1,242,548

SHAREHOLDERS' FUNDS

1,263,453

1,292,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2020 and were signed on its behalf by:

Mr M A J Boughton - Director

1.	STATUTORY INFORMATION

Zest Ventures 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.

Turnover

Turnover represents the income from investments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

1,717,599

1,708,916

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

1,077

1,077

Taxation and social security

164,379

161,785

Other creditors

531,583

518,646

697,039

681,508

6.	RELATED PARTY DISCLOSURES

Included within other debtors is £644,448 (2019: £1,216,061) owing from Zest Developments Limited, a company in which Mr R A Boughton and Mr M A J Boughton have an interest.

Included within other debtors is £839,441 (2019: £264,968) owing from The Sanderum Centre Limited, a company in which Mr R A Boughton and Mr M A J Boughton have an interest.

Included within other debtors is £233,710 (2019: £227,887) owing from APS Accountancy Limited, a company in which Mr R A Boughton and Mr M A J Boughton have an interest.

All the above are unsecured and are charged interest.

Mr M A J Boughton and Mr R A Boughton have an interest in APS Accountancy Limited which trades on normal commercial terms with the company. Services provided by APS Accountancy Limited and trade creditors at the year end are summarised as follows:

Services £2,154 (2019: £2,154) year end trade creditor £1,077 (2019: £1,077).

7.	ULTIMATE CONTROLLING PARTY

The parent company is Zest Ventures Holdings Limited.

The company is ultimately controlled by the directors by virtue of their shareholding.