Zenzic Succession (Income) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12366042 (England and Wales)

Unaudited Financial Statements

for the Period

17 December 2019 to 31 December 2020

for

Zenzic Succession (Income) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T R Lloyd-Jones

D M Thorpe

D Beach

SECRETARY:

J O Lloyd-Jones

REGISTERED OFFICE:

2 London Wall Place

London

EC2Y 5AU

REGISTERED NUMBER:

12366042 (England and Wales)

ACCOUNTANTS:

Garside and Co. Limited

Suite 631, Linen Hall

162-168 Regent Street

London

W1B 5TG

FIXED ASSETS

Investments

4

100

CURRENT ASSETS

Debtors

5

465,847

Cash in hand

255

466,102

CREDITORS

Amounts falling due within one year

6

(22,121

)

NET CURRENT ASSETS

443,981

TOTAL ASSETS LESS CURRENT LIABILITIES

444,081

CAPITAL AND RESERVES

Called up share capital

429,064

Share premium

1,359

Retained earnings

13,658

444,081

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2021 and were signed on its behalf by:

D Beach - Director

1.	STATUTORY INFORMATION

Zenzic Succession (Income) 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 financial statements are prepared on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 December 2020

100

NET BOOK VALUE

At 31 December 2020

100

5.

DEBTORS

£

Amounts falling due within one year:

Amounts owed by group undertakings

368,759

Amounts falling due after more than one year:

Amounts owed by group undertakings

97,088

Aggregate amounts

465,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

12,417

Taxation and social security

3,204

Other creditors

6,500

22,121

7.	RELATED PARTIES

Two of the directors and the company secretary (Mr Thomas Lloyd-Jones, Mr Daryl Thorpe and Mr James Lloyd-Jones) own a controlling stake in ZSL Capital Limited. Zenzic Succession (Income) Limited has entered into an agreement with ZSL Capital Limited under which it will pay administration services fee and performance fees if certain targets are exceeded. During the accounting period no fees were paid to ZSL Capital Limited in respect of this agreement.

8.	SUBSEQUENT EVENTS

Subsequent to the year end the United Kingdom continued to experience lock down restrictions as a result of the Covid pandemic. The Company, its customers and key counterparts have been able to operate throughout the lock periods with minimal disruption. The Company does not expect that Covid will result in any adverse impact to its operations.