|
Company registration number: 04519357
|
|
UNAUDITED FINANCIAL STATEMENTS
|
|
|
FOR THE YEAR ENDED
31 JANUARY 2021
|
|
|
|
|
|
ZENASTAR PROPERTIES LIMITED
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ZENASTAR PROPERTIES LIMITED
|
|
|
CONTENTS
|
|
|
|
|
|
Statement of financial position
|
|
Notes to the financial statements
|
|
|
|
|
|
|
|
|
ZENASTAR PROPERTIES LIMITED
|
|
|
COMPANY INFORMATION
|
|
|
|
|
|
|
ZENASTAR PROPERTIES LIMITED
REGISTERED NUMBER:04519357
|
|
|
STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ZENASTAR PROPERTIES LIMITED
REGISTERED NUMBER:04519357
|
|
|
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2021
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 statement of income and retained earnings 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:
................................................
G F W Irvin
|
|
|
|
|
|
|
The notes on pages 4 to 7 form part of these financial statements.
|
|
|
|
|
|
|
ZENASTAR PROPERTIES LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
These financial statements have been prepared in compliance with FRS102, 'The Financial Reporting Standard
applicable in the UK and the Republic of Ireland'.
Zenastar Properties Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is Suite A, 1st Floor, Midas House, 62 Goldsworth Road, Woking, GU21 6LQ..
The company's functional and presentational currency is GBP.
The principal activity of the company during the year was that of property rental.
The directors have a reasonable expectation that the company has adequate resources to continue operational
existence for the foreseeable future.
The coronavirus pandemic is creating significant uncertainty globally and the company is not immune to this.
The directors are working on maintaining the continuity of their operations as far as they are able, whilst adhering
to Government advice. Whilst the pandemic will have a financial impact on the company, the directors has taken
relevant measures to ensure they are able to safeguard cashflow, customers and supply chains to put them in
the best possible position to be able to pick up on opportunities as they arise once business starts to return to
normal.
For this reason the directors continues to adopt the going concern basis of accounting in preparing the annual
financial statements.
3.Accounting policies
|
|
|
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 following principal accounting policies have been applied:
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Investment freehold property is included at market fair value. Gains are recognised in the statement of income and retained earnings. All fixed assets are recorded at cost.
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, loans to related parties and investments in ordinary shares.
|
|
|
|
|
|
|
ZENASTAR PROPERTIES LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
3.Accounting policies (continued)
Interest income is recognised in profit or loss using the effective interest method.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
|
|
The average monthly number of employees, including directors, during the year was 2 (2020 - 2).
|
|
|
|
|
|
|
|
ZENASTAR PROPERTIES LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
|
|
|
|
|
|
|
Amounts owed by joint ventures and associated undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to other participating interests
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included within other creditors are bank loans and an amount owed to a director which are secured by a fixed charge over specific investment freehold property.
|
|
|
Creditors: Amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ZENASTAR PROPERTIES LIMITED
|
|
|
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021
|
|
|
|
|
Analysis of the maturity of loans is given below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due 1-2 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due 2-5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due after more than 5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets measured at fair value through profit or loss
|
|
|
|
