Burford ZZ Limited - Filleted accounts

Burford ZZ Limited - Filleted accounts

BURFORD ZZ LIMITED - Company Information

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Registered number
04191078
Burford ZZ Limited
Filleted Abridged Accounts
30 November 2022
Burford ZZ Limited
Registered number: 04191078
Abridged Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Current assets
Debtors 5 317,680 317,680
Creditors: amounts falling due within one year 6 (3,518) (1,500)
Net current assets 314,162 316,180
Net assets 314,162 316,180
Capital and reserves
Called up share capital 2 2
Share premium 7,332,276 7,332,276
Profit and loss account (7,018,116) (7,016,098)
Shareholders' funds 314,162 316,180
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
J Gleek
Director
Approved by the board on 25 July 2023
Burford ZZ Limited
Notes to the Abridged Accounts
for the year ended 30 November 2022
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2 Preparation of consolidated financial statements
The financial statements present information about Burford ZZ Limited as an individual company and do not contain consolidated financial information as a parent of a group. The company is exempt under Section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements.
3 Related party exemption
The company has taken advantage of exemption in Financial Report Standard 102 not to disclose related party transactions with wholly owned entities within the group.
4 Investments
Investments in subsidiary undertakings are recognised at cost less permanent diminution.
5 Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2022 2021
£ £
Amounts owed from group undertaking 317,680 317,680
6 Creditors : Amounts falling due within one year 2022 2021
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,768 -
Other creditors 1,750 1,500
3,518 1,500
7 Taxation

Taxation comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets or 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated, but not reversed, at the statement of financial position date.

Timing differences arise from the inclusion of income and expenditure 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 timing differences.

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.
8 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
9 Called up share capital 2022 2021
£ £
Allotted, called and fully paid 2 ordinary shares of £1 each 2 2
10 Immediate and ultimate holding company
The immediate holding company is Sharkgrange Limited, a company registered in England and Wales.
The ultimate holding company is J Gleek Properties Limited, a company registered in England
and Wales.
11 Other information
Burford ZZ Limited is a private company limited by shares and incorporated in England. Its registered office is:
Richmond House
Avonmouth Way
Avonmouth
Bristol
BS11 8DE
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