Accounts filed on 31-12-2017

Accounts filed on 31-12-2017

ZEMNORTH DEVELOPMENTS LIMITED - Company Information

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Registered number: 614662
Zemnorth Developments Limited
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2017
Zemnorth Developments Limited
ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2017
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet2
Notes To The Accounts3
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Zemnorth Developments Limited
BALANCE SHEET AT 31 December 2017
20172016
Notes££
FIXED ASSETS
Tangible assets1,250,0001,250,000
CURRENT ASSETS
Debtors47,00047,000
Cash at bank and in hand164,623145,693
211,623192,693
CREDITORS: Amounts falling due within one year24,52934,625
NET CURRENT ASSETS187,094158,068
TOTAL ASSETS LESS CURRENT LIABILITIES1,437,0941,408,068
PROVISIONS FOR LIABILITIES AND CHARGES160,000160,000
NET ASSETS1,277,0941,248,068
CAPITAL AND RESERVES
Called up share capital322
Profit and loss account1,277,0921,248,066
SHAREHOLDERS' FUNDS1,277,0941,248,068
For the year ending 31 December 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21 September 2018 and signed on their behalf by
.............................
B Hammer
Director
Zemnorth Developments Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 January 20171,250,0001,250,000
At 31 December 20171,250,0001,250,000
3. SHARE CAPITAL 20172016
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22