ZISE_TWO_LIMITED - Accounts

ZISE TWO LIMITED - Company Information

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Company Registration No. 09816784 (England and Wales)

ZISE TWO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2016

ZISE TWO LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ZISE TWO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

Notes

Current assets

Debtors

321,742

Cash at bank and in hand

508,068

829,810

Creditors: amounts falling due within one year

(443,517)

Total assets less current liabilities

386,293

Creditors: amounts falling due after more than one year

(438,530)

(52,237)

Capital and reserves

Called up share capital

Profit and loss account

(52,247)

Shareholders' funds

(52,237)

For the financial period ended 31 October 2016 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 June 2017

D Dalton

D Gowland

Director

Company Registration No. 09816784

ZISE TWO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 OCTOBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT ..

1.4

Going concern

The company meets its day to day working capital requirements through funds loaned by the parent company.

The company's balance sheet at the year-end shows that the liabilities exceed assets by £52,237. Long term creditors include £438,530 owed to the parent company, who has given the necessary assurances of continued support to the company such that it is appropriate to prepare these accounts on a going concern basis.

Share capital

2016

Allotted, called up and fully paid

10 Ordinary shares of £1 each

Ultimate parent company

The ultimate parent company is Zise Limited, a company registered in England and Wales.