ZCJ Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09332821 (England and Wales)

ZCJ INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Z C J Vazquez

Mrs S Vazquez

REGISTERED OFFICE:

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

REGISTERED NUMBER:

09332821 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

FIXED ASSETS

Investment property

3

1,675,000

1,675,000

CURRENT ASSETS

Debtors

4

2,131

3,170

Cash at bank

5,134

7,911

7,265

11,081

CREDITORS

Amounts falling due within one year

5

(204,540

)

(189,738

)

NET CURRENT LIABILITIES

(197,275

)

(178,657

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,477,725

1,496,343

CREDITORS

Amounts falling due after more than one year

6

(896,050

)

(896,050

)

PROVISIONS FOR LIABILITIES

(73,600

)

(73,600

)

NET ASSETS

508,075

526,693

CAPITAL AND RESERVES

Called up share capital

100

100

Non-distributable reserves

7

352,434

352,434

Retained earnings

155,541

174,159

SHAREHOLDERS' FUNDS

508,075

526,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 October 2018 and were signed on its behalf by:

Z C J Vazquez - Director

Mrs S Vazquez - Director

1.	STATUTORY INFORMATION

ZCJ Investments Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

The directors have made key assumptions in the determination of the fair value of the investment properties.

Turnover

Turnover represents the sale of properties and rental income receivable excluding value added tax.

Investment property

Investment property is initially measured at cost, including transaction costs. Subsequently investment property is

shown at the most recent valuation, being the fair value of the property. Any aggregate surplus or deficit arising

from changes in fair value is recognised in the income statement and is then transferred to non-distributable

reserves on the balance sheet.

Financial instruments

Financial instruments are classified by directors as basic or non-basic following the conditions in Section 11 and

Section 12 of FRS 102. Basic financial instruments are measured at amortised cost. The company does not have any

non-basic financial instruments.

Taxation

Current tax is the amount of corporation tax payable in respect of taxable profit for the year or prior

years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively

enacted by the year end.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay

less tax in the future have occurred at the balance sheet date. Timing differences are differences between the

company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by

the balance sheet date. Deferred tax is measured on a non-discounted basis.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

1,675,000

NET BOOK VALUE

At 31 March 2018

1,675,000

At 31 March 2017

1,675,000

The valuations of investment properties in the balance sheet are deemed to be representative of the fair value of the

properties at 31 March 2018.

On an historical cost basis, these would have been included at an original cost of £1,248,246 and the aggregate

depreciation thereon would have been £40,823.

The company has fixed and floating charges over the company's assets, including the investment properties, as

security for the bank loans.

Fair value at 31 March 2018 is represented by:

£

Valuation in 2017

426,754

Cost

1,248,246

1,675,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

2,131

3,170

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans

-

5,475

Other creditors

204,540

184,263

204,540

189,738

The bank has secured fixed and floating charges over the company’s assets.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

896,050

896,050

The bank has secured fixed and floating charges over the company’s assets.

7.

RESERVES

Non-distributable

reserves

£

At 1 April 2017

and 31 March 2018

352,434

Non-distributable reserves comprise of the fair value movement in investment property and the associated deferred

tax provision on the revaluations.

8.	RELATED PARTY DISCLOSURES

At the balance sheet date, included in creditors, is an amount of £165,889 (2017: £156,718) due to a partnership in

which the directors are the partners.

At the balance sheet date the directors were owed £9,378 (2017: £10,000).

The amounts are interest free.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors

are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of ZCJ Investments Limited for the year ended 31 March 2018 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of ZCJ 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 ZCJ Investments Limited and state those matters that we have agreed to state to the Board of Directors of ZCJ Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ZCJ Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ZCJ 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 ZCJ Investments Limited. You consider that ZCJ 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 ZCJ 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.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights

against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors which obtain access to this

report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

25 October 2018