Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-3114502true2021-01-01falseNo description of principal activity2211trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11316455 2021-01-01 2021-12-31 11316455 2020-01-01 2020-12-31 11316455 2021-12-31 11316455 2020-12-31 11316455 c:Director1 2021-01-01 2021-12-31 11316455 c:Director2 2021-01-01 2021-12-31 11316455 d:Buildings d:LongLeaseholdAssets 2021-01-01 2021-12-31 11316455 d:Buildings d:LongLeaseholdAssets 2021-12-31 11316455 d:Buildings d:LongLeaseholdAssets 2020-12-31 11316455 d:PlantMachinery 2021-01-01 2021-12-31 11316455 d:PlantMachinery 2021-12-31 11316455 d:PlantMachinery 2020-12-31 11316455 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11316455 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 11316455 d:FurnitureFittings 2021-01-01 2021-12-31 11316455 d:FurnitureFittings 2021-12-31 11316455 d:FurnitureFittings 2020-12-31 11316455 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11316455 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 11316455 d:OfficeEquipment 2021-01-01 2021-12-31 11316455 d:ComputerEquipment 2021-01-01 2021-12-31 11316455 d:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 11316455 d:OtherPropertyPlantEquipment 2021-12-31 11316455 d:OtherPropertyPlantEquipment 2020-12-31 11316455 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11316455 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 11316455 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 11316455 d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 11316455 d:Goodwill 2021-01-01 2021-12-31 11316455 d:Goodwill 2021-12-31 11316455 d:Goodwill 2020-12-31 11316455 d:ComputerSoftware 2021-12-31 11316455 d:ComputerSoftware 2020-12-31 11316455 d:CurrentFinancialInstruments 2021-12-31 11316455 d:CurrentFinancialInstruments 2020-12-31 11316455 d:Non-currentFinancialInstruments 2021-12-31 11316455 d:Non-currentFinancialInstruments 2020-12-31 11316455 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11316455 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 11316455 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 11316455 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 11316455 d:ShareCapital 2021-12-31 11316455 d:ShareCapital 2020-12-31 11316455 d:RetainedEarningsAccumulatedLosses 2021-12-31 11316455 d:RetainedEarningsAccumulatedLosses 2020-12-31 11316455 c:FRS102 2021-01-01 2021-12-31 11316455 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 11316455 c:FullAccounts 2021-01-01 2021-12-31 11316455 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 11316455 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2021-01-01 2021-12-31 11316455 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2021-01-01 2021-12-31 11316455 d:ExternallyAcquiredIntangibleAssets 2021-01-01 2021-12-31 11316455 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-12-31 11316455 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2020-12-31 11316455 d:Goodwill d:OwnedIntangibleAssets 2021-01-01 2021-12-31 11316455 d:ComputerSoftware d:OwnedIntangibleAssets 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure
Registered number: 11316455









ZENTAL SURGERIES LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
ZENTAL SURGERIES LTD
REGISTERED NUMBER: 11316455

BALANCE SHEET
AS AT 31 DECEMBER 2021

As restated
2021
2020
Note
£
£

Fixed assets
  

Intangible assets
 4 
139,605
37,212

Tangible assets
 5 
316,856
462,874

  
456,461
500,086

Current assets
  

Stocks
  
21,424
31,401

Debtors: amounts falling due within one year
 6 
851,033
29,785

Cash at bank and in hand
  
100,281
191,293

  
972,738
252,479

Creditors: amounts falling due within one year
 7 
(337,520)
(241,944)

Net current assets
  
 
 
635,218
 
 
10,535

Total assets less current liabilities
  
1,091,679
510,621

Creditors: amounts falling due after more than one year
 8 
(1,093,506)
(662,769)

  

Net liabilities
  
(1,827)
(152,148)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(1,927)
(152,248)

  
(1,827)
(152,148)


Page 1

 
ZENTAL SURGERIES LTD
REGISTERED NUMBER: 11316455

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 August 2022.




................................................
A Al-Suwaidi
................................................
Dr I H Al-Hadad
Director
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
ZENTAL SURGERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Zental Surgeries Ltd is a private company, limited by shares, incorporated in England and Wales with the registration number 11316455. The address of the registered office is 24 Old Bond Street, Mayfair, London, England, W1S 4AP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they adopt a going concern basis of accounting in preparing the financial statements. The directors have considered a period of 12 months from the balance sheet date.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and Loss Account in the same period as the related expenditure.

Page 3

 
ZENTAL SURGERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and Loss Account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
ZENTAL SURGERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold property improvements
-
10%
straight line
Plant and equipment
-
20%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
20%
straight line
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2020 - 11).

Page 5

 
ZENTAL SURGERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Intangible assets




Website
Brand development
Total

£
£
£



Cost


At 1 January 2021
-
37,212
37,212


Additions
11,500
95,036
106,536



At 31 December 2021

11,500
132,248
143,748



Amortisation


Charge for the year on owned assets
422
3,721
4,143



At 31 December 2021

422
3,721
4,143



Net book value



At 31 December 2021
11,078
128,527
139,605



At 31 December 2020
-
37,212
37,212



Page 6

 
ZENTAL SURGERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Tangible fixed assets





Leasehold property improvement
Plant and equipment
Fixtures, fittings, office and computer equipment
Assets in the course of construction
Total

£
£
£
£
£



Cost or valuation


At 1 January 2021
86,216
305,708
163,017
36,000
590,941


Additions
106,566
97,983
43,192
-
247,741


Transfers intra group
(100,800)
(124,735)
(64,886)
(36,000)
(326,421)



At 31 December 2021

91,982
278,956
141,323
-
512,261



Depreciation


At 1 January 2021
16,525
60,288
51,255
-
128,068


Charge for the year on owned assets
14,502
37,071
33,164
-
84,737


Charge for the year on financed assets
-
8,671
-
-
8,671


Transfers intra group
(5,400)
(12,465)
(8,206)
-
(26,071)



At 31 December 2021

25,627
93,565
76,213
-
195,405



Net book value



At 31 December 2021
66,355
185,391
65,110
-
316,856



At 31 December 2020
69,692
245,420
111,762
36,000
462,874




The net book value of land and buildings may be further analysed as follows:


2021
2020
£
£

Long leasehold
66,355
69,692


The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2021
2020
£
£



Plant and machinery
34,684
43,355

Page 7

 
ZENTAL SURGERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

6.


Debtors

2021
2020
£
£


Trade debtors
2,100
4,412

Amounts owed by group undertakings
843,537
-

Other debtors
-
8,750

Prepayments and accrued income
5,396
16,623

851,033
29,785



7.


Creditors: Amounts falling due within one year

As restated
2021
2020
£
£

Bank loans
38,550
-

Other loans
1,178
523

Trade creditors
141,414
140,111

Amounts owed to associates
20,000
20,000

Other taxation and social security
10,423
-

Obligations under finance lease and hire purchase contracts
11,589
40,497

Other creditors
-
1,404

Accruals and deferred income
114,366
39,409

337,520
241,944


Page 8

 
ZENTAL SURGERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
209,045
50,000

Other loans
939
3,033

Obligations under finance leases and hire purchase contracts
11,238
34,836

Amounts owed to group undertakings
872,284
574,900

1,093,506
662,769


Secured creditors
The total amount of creditors for which security has been given amounted to £223,402 (2020 - £75,333). Obligations under hire purchase contracts are secured on the assets financed. Bank loans are secured by way of fixed and floating charges over the property of the Company.
Included in amounts owed to group undertakings is £800,000 (2020 - £500,000) which is secured by way of a debenture over the property of the Company.


9.


Prior year adjustment

The adjustment to the 2020 previously reported figures refers to an understatement of accrued costs.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £10,491 (2020 - £5,475) . Contributions totalling £Nil (2020 - £1,404) were payable to the fund at the balance sheet date and are included in creditors.


11.


Ultimate controlling parent company

The ultimate controlling company of the group is Cavendish Group DWC-LLC. The registered office of the ultimate controlling company is Dubai South Business Centre Dubai Logistics City PO Box 390667 Dubai United Arab Emirates.


Page 9