ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-28The company's principal activity is that of buying and selling of own real estatesfalse2021-03-0122falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09429667 2021-03-01 2022-02-28 09429667 2020-03-01 2021-02-28 09429667 2022-02-28 09429667 2021-02-28 09429667 c:Director1 2021-03-01 2022-02-28 09429667 d:FurnitureFittings 2021-03-01 2022-02-28 09429667 d:FurnitureFittings 2022-02-28 09429667 d:FurnitureFittings 2021-02-28 09429667 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 09429667 d:CurrentFinancialInstruments 2022-02-28 09429667 d:CurrentFinancialInstruments 2021-02-28 09429667 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 09429667 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 09429667 d:ShareCapital 2022-02-28 09429667 d:ShareCapital 2021-02-28 09429667 d:RetainedEarningsAccumulatedLosses 2022-02-28 09429667 d:RetainedEarningsAccumulatedLosses 2021-02-28 09429667 c:OrdinaryShareClass1 2021-03-01 2022-02-28 09429667 c:OrdinaryShareClass1 2022-02-28 09429667 c:OrdinaryShareClass1 2021-02-28 09429667 c:FRS102 2021-03-01 2022-02-28 09429667 c:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 09429667 c:FullAccounts 2021-03-01 2022-02-28 09429667 c:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 09429667 2 2021-03-01 2022-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09429667

ZACKALLY LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022


ZACKALLY LTD

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 5


ZACKALLY LTD REGISTERED NUMBER:09429667

BALANCE SHEET

AS AT 28 FEBRUARY 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		2,135		3,490
			2,135		3,490
Current assets
Debtors: amounts falling due within one year	5	304,761		304,397
Cash at bank and in hand	6	317,421		323,822
		622,182		628,219
Creditors: amounts falling due within one year	7	(4,500)		(5,980)
Net current assets			617,682		622,239
Total assets less current liabilities			619,817		625,729

Net assets			619,817		625,729

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		619,816	625,728
		619,817	625,729


ZACKALLY LTD REGISTERED NUMBER:09429667

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2022

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Dr Zack Ally

Director

Date: 21 November 2022

The notes on pages 3 to 5 form part of these financial statements.


ZACKALLY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

1.	General information

Zackally Ltd is a private company, limited by shares, registered in England and Wales, registration number 09429667. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.
The company's principal activity is that of buying and selling of own real estates
On 5 September 2022 the company changed it's principal activity to buying and selling of own real estates.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings

20%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.


ZACKALLY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	At 1 March 2021	5,415
	At 28 February 2022	5,415
	Depreciation
	At 1 March 2021	1,926
	Charge for the year on owned assets	1,354
	At 28 February 2022	3,280
	Net book value
	At 28 February 2022	2,135
	At 28 February 2021	3,490

Debtors

					2022	2021
					£	£


Other debtors	304,761	304,397


ZACKALLY LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

6.	Cash and cash equivalents
		2022	2021
		£	£

	Cash at bank	317,421	323,822

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Other creditors	-	5,980
Accruals	4,500	-
	4,500	5,980

8.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

100 (2021 - 100) Ordinary shares of £0.01 each	1	1

9.	Related party transactions
	Included within other debtors at the year end the company was owed £364 (2021 - £5,980 owed to) by the directors. The loan is interest free and repayable on demand.