Ziggy Holdings Limited Filleted accounts for Companies House (small and micro)

ZIGGY HOLDINGS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 13893213

ZIGGY HOLDINGS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 May 2023

ZIGGY HOLDINGS LIMITED

FINANCIAL STATEMENTS

PERIOD FROM 4 FEBRUARY 2022 TO 31 MAY 2023

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 4

ZIGGY HOLDINGS LIMITED

BALANCE SHEET

31 May 2023

	31 May 23
Note	£

Fixed assets

Investments	4	100

Current assets

Debtors	5	69,991

Creditors: amounts falling due within one year	6	( 69,430)
		------------
Net current assets		561
		------------
Total assets less current liabilities		661
		------------

Capital and reserves

Called up share capital	7	100
Profit and loss account		561
		------------
Shareholders funds		661
		------------

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 profit and loss account has not been delivered.

For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 6 November 2023 , and are signed on behalf of the board by:

Mrs V Dyke	Mr C Radley
Director	Director

Company registration number: 13893213

ZIGGY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 4 FEBRUARY 2022 TO 31 MAY 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

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

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Investments

	Shares in group undertakings
	£
Cost
At 4 February 2022	–
Additions	100
	------------
At 31 May 2023	100
	------------
Impairment
At 4 February 2022 and 31 May 2023	–
	------------

Carrying amount
At 31 May 2023	100
	------------

The company owns the 100% of the issued share capital of Ziggy Agency Limited. This company operates as an advertising agency.

5. Debtors

	31 May 23
	£
Directors' loan accounts	69,991
	------------

6. Creditors: amounts falling due within one year

	31 May 23
	£
Amounts owed to group undertakings	69,298
Corporation tax	132
	------------
	69,430
	------------

7. Called up share capital

Issued, called up and fully paid

	31 May 23
	No.	£
Ordinary A shares of £ 1 each	48	48
Ordinary B shares of £ 1 each	48	48
Ordinary C shares of £ 1 each	2	2
Ordinary D shares of £ 1 each	2	2
	------------	------------
	100	100
	------------	------------

During the period the company issued 100 ordinary £1 shares fully paid for cash a par. The different classes of share rank pari passu as to dividends.

8. Related party transactions

Included in debtors are loans owing from the directors. Interest has been charged on the loans at HMRC's official rate of interest and the loan will be repaid to the company by 1 March 2024. The company is controlled by the directors.