Zips Property Limited Filleted accounts for Companies House (small and micro)

ZIPS PROPERTY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 10475900

Zips Property Limited

Filleted Unaudited Financial Statements

31 March 2022

Zips Property Limited

Financial Statements

Period from 1 December 2020 to 31 March 2022

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Zips Property Limited

Officers and Professional Advisers

Director	S J Goodkind

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

Zips Property Limited

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Zips Property Limited

Period from 1 December 2020 to 31 March 2022

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 31 March 2022, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

19 December 2022

Zips Property Limited

Statement of Financial Position

31 March 2022

	31 Mar 22	30 Nov 20
Note	£	£

Fixed assets

Investments	4	999	1

Current assets

Debtors	5	1	25,457
Cash at bank and in hand		30,482	15,074
		--------	--------
		30,483	40,531

Creditors: amounts falling due within one year	6	3,756	19,700
		--------	--------
Net current assets		26,727	20,831
		--------	--------
Total assets less current liabilities		27,726	20,832
		--------	--------
Net assets		27,726	20,832
		--------	--------

Capital and reserves

Called up share capital	7	1,000	2
Profit and loss account		26,726	20,830
		--------	--------
Shareholders funds		27,726	20,832
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Zips Property Limited

Statement of Financial Position (continued)

31 March 2022

These financial statements were approved by the board of directors and authorised for issue on 19 December 2022 , and are signed on behalf of the board by:

S J Goodkind
Director

Company registration number: 10475900

Zips Property Limited

Notes to the Financial Statements

Period from 1 December 2020 to 31 March 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

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.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

4. Investments

	Shares in group undertakings	Shares in participating interests	Total
	£	£	£
Cost
At 1 December 2020	–	1	1
Additions	998	–	998
	----	----	----
At 31 March 2022	998	1	999
	----	----	----
Impairment
At 1 December 2020 and 31 March 2022	–	–	–
	----	----	----

Carrying amount
At 31 March 2022	998	1	999
	----	----	----
At 30 November 2020	–	1	1
	----	----	----

The above amounts represent a 50% investment in Simarc Investments Limited of £1 and a 100% investment in Housing Resources Limited of £998.

5. Debtors

	31 Mar 22	30 Nov 20
	£	£
Other debtors	1	25,457
	----	--------

6. Creditors: amounts falling due within one year

	31 Mar 22	30 Nov 20
	£	£
Corporation tax	2,556	2,540
Other creditors	1,200	17,160
	-------	--------
	3,756	19,700
	-------	--------

7. Called up share capital

During the year, the company issued 998 Ordinary shares of £1 each for a total consideration of £998.