Zero Investments Limited - Abbreviated accounts 16.1
Zero Investments Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 AUGUST 2015 |
FOR |
ZERO INVESTMENTS LIMITED |
ZERO INVESTMENTS LIMITED (REGISTERED NUMBER: 06666372) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 AUGUST 2015 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 4 |
ZERO INVESTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ZERO INVESTMENTS LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) have |
been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Zero Investments Limited for the year ended 31 August 2015 which comprise the Profit and Loss Account, the |
Balance Sheet and the related notes from the company's accounting records and from information and explanations you have |
given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Zero Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zero Investments Limited and state those matters that we have agreed to state to the Board of Directors of Zero Investments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Zero Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Zero Investments Limited. You consider that Zero Investments Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Zero Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Date: ............................................. |
ZERO INVESTMENTS LIMITED (REGISTERED NUMBER: 06666372) |
ABBREVIATED BALANCE SHEET |
31 AUGUST 2015 |
31/8/15 | 31/8/14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 3 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the Board of Directors on |
ZERO INVESTMENTS LIMITED (REGISTERED NUMBER: 06666372) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 AUGUST 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover |
Turnover represents rent receivable, excluding value added tax. Turnover is recognised on a rent receivable basis to |
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. |
Freehold property |
In accordance with Financial Reporting Standard for Smaller Entities, no depreciation is provided in respect of |
freehold properties or leasehold properties with over 20 years to expiry. This is a departure from the requirement of |
the Companies Act 2006 which requires all properties to be depreciated. Such properties are not held for |
consumption but for investment and the director consider that to depreciate them would not give a true and fair view. |
Depreciation is only one of many factors reflected in the annual valuation of properties and accordingly the amount |
of depreciation which might otherwise have been charged cannot be separately identified or quantified. The director |
consider that this policy results in the accounts giving a true and fair view. |
Depreciation is only one amongst many factors reflected in the annual valuation of properties and accordingly the |
amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The |
directors consider that this policy results in the accounts giving a true and fair. |
Going concern |
Notwithstanding the deficit of assets at the balance sheet date these financial statements have been prepared on the |
going concern basis.The directors have confirmed that they will continue to give financial support to the company |
until such time as its position improves. The directors consider that it is appropriate to prepare the financial |
statements on a going concern basis. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2014 |
and 31 August 2015 |
NET BOOK VALUE |
At 31 August 2015 |
At 31 August 2014 |
3. | CREDITORS |
Creditors include an amount of £ |
ZERO INVESTMENTS LIMITED (REGISTERED NUMBER: 06666372) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2015 |
3. | CREDITORS - continued |
They also include the following debts falling due in more than five years: |
31/8/15 | 31/8/14 |
£ | £ |
Repayable by instalments | 200,277 | 220,928 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/8/15 | 31/8/14 |
value: | £ | £ |
Ordinary | £1 |