Zephen Limited - Abbreviated accounts 16.3
Zephen Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 April 2016 |
| for |
| ZEPHEN LIMITED |
| ZEPHEN LIMITED (REGISTERED NUMBER: 03177391) |
| Contents of the Abbreviated Accounts |
| for the year ended 30 April 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| ZEPHEN LIMITED |
| Company Information |
| for the year ended 30 April 2016 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| ZEPHEN LIMITED (REGISTERED NUMBER: 03177391) |
| Abbreviated Balance Sheet |
| 30 April 2016 |
| 30/4/16 | 30/4/15 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 2 |
| Investments | 3 |
| Current assets |
| Debtors |
| Cash at bank |
| Creditors |
| Amounts falling due within one year |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 4 |
| Share premium |
| 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 by: |
| ZEPHEN LIMITED (REGISTERED NUMBER: 03177391) |
| Notes to the Abbreviated Accounts |
| for the year ended 30 April 2016 |
| 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 January 2015). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Zephen Limited as an individual company and do not contain |
| consolidated financial information as the parent of a group. The company has taken the option under Section 398 |
| of the Companies Act 2006 not to prepare consolidated financial statements. |
| Revenue recognition |
| Turnover represents revenue earned from the letting of property and administration services. Revenue is |
| recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for |
| sales. It is measured at the fair value of the right to consideration, which represents amounts chargeable to |
| tenants, including expenses and disbursements but excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Going concern |
| The company meets its day to day capital requirements through the continued financial support of the managing |
| director. The directors therefore have a reasonable expectation that the company will have adequate resources to |
| continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going |
| concern basis in preparing the financial statements. |
| ZEPHEN LIMITED (REGISTERED NUMBER: 03177391) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30 April 2016 |
| 2. | Tangible fixed assets |
| Total |
| £ |
| Cost |
| At 1 May 2015 |
| Additions |
| Disposals | ( |
) |
| At 30 April 2016 |
| Depreciation |
| At 1 May 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 April 2016 |
| Net book value |
| At 30 April 2016 |
| At 30 April 2015 |
| 3. | Fixed asset investments |
| Investments |
| other than |
| loans |
| £ |
| Cost |
| At 1 May 2015 |
| and 30 April 2016 | 1,601,000 |
| Net book value |
| At 30 April 2016 |
| At 30 April 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary Shares | 0.02 |
| £ | £ |
| Aggregate capital and reserves | 7,482,092 | 999,930 |
| Profit/(loss) for the year | 2,075 | (68,016 | ) |
| Zephen Farms Limited is no longer a subsidiary of Zephen Limited. |
| ZEPHEN LIMITED (REGISTERED NUMBER: 03177391) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30 April 2016 |
| 3. | Fixed asset investments - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| B Ordinary Non Voting | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1,397,892 | 1,484,674 |
| Loss for the year | (86,782 | ) | (47,111 | ) |
| 4. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30/4/16 | 30/4/15 |
| value: | £ | £ |
| Ordinary shares | 1.00 |
| 5. | Ultimate parent company |
| On 23 November 2015 the liquidation of Zephen No 2 Ltd (the company's previous holding company) ended. Its |
| shares in Zephen Ltd were distributed to Zephen Farms Ltd in exchange for Zephen Farms Ltd issuing new |
| shares to the shareholders of Zephen No 2 Ltd. Zephen Farms Ltd is now the company's controlling party as it is |
| the company's holding company. |