Ziv Holding and Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05523981 (England and Wales)

ZIV HOLDING AND INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Eisenberg

M Paserman

Mrs Z Eisenberg

SECRETARY:

Mrs Z Eisenberg

REGISTERED OFFICE:

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

REGISTERED NUMBER:

05523981 (England and Wales)

AUDITORS:

Bessler Hendrie LLP

Chartered Accountants

Statutory Auditor

Ashbourne House

The Guildway

Old Portsmouth Road

Guildford

Surrey

GU3 1LR

FIXED ASSETS

Tangible assets

4

3,091,925

3,127,518

Investments

5

757

757

Investment property

6

799,540

-

3,892,222

3,128,275

CURRENT ASSETS

Debtors

7

44,054

75,255

Cash at bank

50,207

729,802

94,261

805,057

CREDITORS

Amounts falling due within one year

8

(201,933

)

(366,508

)

NET CURRENT (LIABILITIES)/ASSETS

(107,672

)

438,549

TOTAL ASSETS LESS CURRENT LIABILITIES

3,784,550

3,566,824

CAPITAL AND RESERVES

Called up share capital

725,364

725,364

Share premium

1,363,323

1,363,323

Capital redemption reserve

274,636

274,636

Retained earnings

1,421,227

1,203,501

SHAREHOLDERS' FUNDS

3,784,550

3,566,824

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 and authorised for issue on 28 March 2022 and were signed on its behalf by:

J Eisenberg - Director

1.	STATUTORY INFORMATION

Ziv Holding and Investments 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.

The accounts have been prepared on a going concern basis, which the directors believe is appropriate despite the ongoing uncertainty of Covid-19. This decision is based on the strength of the company and its assets, including cash reserves, which are sufficient to cover expenses for at least twelve months, even if no rental income was received in the period.

Preparation of consolidated financial statements

The financial statements contain information about Ziv Holding and Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates

The director has made key assumptions in the determination of the fair value of an investment property. The valuation method is further described in note 'Investment Property' together with the valuation of the property at the reporting date.

Turnover

Turnover represents net receivable rental income and is measured as the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for intended use.

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

Freehold property - 2% on cost

Long leasehold - 2% on cost

Investment property - 2% on cost

Depreciation has not been provided for on freehold or leasehold land.

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the profit and loss account and is included in administrative expenses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation and are accounted for in accordance with FRS 102 Section 16 "Investment Property." Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value.

Gains and losses arising from changes in the fair value of investment properties are included in the income statement in the period which they arise. Any gains are subsequently transferred to a non-distributable reserve. Any losses are only transferred to the non-distributable reserve as far as they can be matched against previous net unrealised gains.

Taxation

Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the year end.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Foreign currencies

Transactions denominated in foreign currencies are recorded in the local currency at actual exchange rates as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date (or, where appropriate, at the date of exchange in a related forward exchange contract). Any gain or loss arising from a change in exchange rates subsequent to the date of the transaction is included as an exchange gain or loss in the profit and loss account.

Financial instruments

Financial instruments are classified by the directors as basic or non-basic following the conditions in FRS 102 Section 11. Basic financial instruments are initially measured at transaction price and subsequently recognised at amortised cost using the effective interest method. The company does not have an financial non-basic instruments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2021

and 31 December 2021

3,559,366

DEPRECIATION

At 1 January 2021

431,848

Charge for year

35,593

At 31 December 2021

467,441

NET BOOK VALUE

At 31 December 2021

3,091,925

At 31 December 2020

3,127,518

The cost of freehold and long leasehold buildings on which depreciation is charged amounted to £1,779,684 (2020: £1,779,684).

If freehold and long leasehold buildings had been revalued they would be held at valuation of £7,750,000.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2021

and 31 December 2021

757

NET BOOK VALUE

At 31 December 2021

757

At 31 December 2020

757

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

799,540

At 31 December 2021

799,540

NET BOOK VALUE

At 31 December 2021

799,540

Investment property was valued on an open market basis on 31 December 2021 by the director. Open market value is considered to be equal to the property's fair value. The director has confirmed that, in his opinion, the 31 December 2021 valuation is in line with the total cost of the purchase earlier in December.

If the property was sold at its open market value at the balance sheet date, there would be an estimated tax liability arising of £Nil.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

43,278

75,255

Prepayments

776

-

44,054

75,255

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to parent company

100,354

266,642

Taxation and social security

75,920

75,110

Other creditors

25,659

24,756

201,933

366,508

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Oliver (Senior Statutory Auditor)

for and on behalf of Bessler Hendrie LLP

10.	POST BALANCE SHEET EVENTS

On 1 January 2022 the land and buildings within tangible fixed assets were transferred to investment property following a change in the group structure. The transfer was treated in accordance with FRS 102 Section 17.

11.	CONTROLLING PARTY

The company is wholly owned by International Holdings & Investments S.A., a company incorporated in Luxembourg and registered at 6 Rue Eugène Ruppert L-2453 Luxembourg. The financial statements of International Holdings & Investments S.A. are published on public record in Luxembourg.