Silverfin 14 September 2022 12 September 2022 Gordon Spinks Dixon Wilson Audit Services LLP 12,652 34,121 false true 31/12/2021 31/12/2021 01/01/2021 Christian Zugel 24/07/2014 12 September 2022 The principal activity of the Company is the provision of services supporting the investment management and advisory activities of the wider ZAIS Group group of companies. 08908933 2021-12-31 08908933 bus:Director1 2021-12-31 08908933 core:CurrentFinancialInstruments 2021-12-31 08908933 core:CurrentFinancialInstruments 2020-12-31 08908933 2020-12-31 08908933 core:ShareCapital 2021-12-31 08908933 core:ShareCapital 2020-12-31 08908933 core:RetainedEarningsAccumulatedLosses 2021-12-31 08908933 core:RetainedEarningsAccumulatedLosses 2020-12-31 08908933 2021-01-01 2021-12-31 08908933 bus:FullAccounts 2021-01-01 2021-12-31 08908933 bus:SmallEntities 2021-01-01 2021-12-31 08908933 bus:Audited 2021-01-01 2021-12-31 08908933 2020-01-01 2020-12-31 08908933 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 08908933 bus:Director1 2021-01-01 2021-12-31 08908933 1 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Company No: 08908933 (England and Wales)

ZAIS GROUP (UK) LIMITED

Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar

ZAIS GROUP (UK) LIMITED

Financial Statements

For the financial year ended 31 December 2021

Contents

ZAIS GROUP (UK) LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2021
ZAIS GROUP (UK) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2021
DIRECTOR Christian Zugel
REGISTERED OFFICE C/O Dixon Wilson
22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 08908933 (England and Wales)
AUDITOR Dixon Wilson Audit Services LLP
22 Chancery Lane
London
WC2A 1LS
United Kingdom
ZAIS GROUP (UK) LIMITED

BALANCE SHEET

As at 31 December 2021
ZAIS GROUP (UK) LIMITED

BALANCE SHEET (continued)

As at 31 December 2021
Note 2021 2020
£ £
Current assets
Debtors 3 1,197,582 1,132,973
Cash at bank and in hand 96,678 71,197
1,294,260 1,204,170
Creditors
Amounts falling due within one year 4 ( 324,273) ( 265,310)
Net current assets 969,987 938,860
Total assets less current liabilities 969,987 938,860
Net assets 969,987 938,860
Capital and reserves
Called-up share capital 1 1
Profit and loss account 969,986 938,859
Total shareholder's funds 969,987 938,860

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of ZAIS Group (UK) Limited (registered number: 08908933) were approved and authorised for issue by the Director on 12 September 2022. They were signed on its behalf by:

Christian Zugel
Director
ZAIS GROUP (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
ZAIS GROUP (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

ZAIS Group (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to clients. Turnover is recognised as the related services are supplied to clients.

Share-based payment

The group operates an equity-settled, share-based compensation plan. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. Awards are granted by and in the equity of the group holding company, and recognised as a capital contribution directly in equity in the Company's financial statements.

Taxation

Current tax
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Trade and other debtors

Trade debtors are amounts due from the Company's client for services performed in the ordinary course of business. Trade debtors and accrued income are recognised at the amount receivable and are due on demand.

Trade and other creditors

Trade and other creditors are short term non-interest bearing liabilities measured at the amount payable without discounting.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year 1 2

3. Debtors

2021 2020
£ £
Amounts owed by Group undertakings 1,178,628 1,112,634
Deferred tax asset 7,120 8,190
Other debtors 11,834 12,149
1,197,582 1,132,973

4. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 257 431
Other creditors 317,785 250,810
Corporation tax 6,231 14,069
324,273 265,310

5. Related party transactions

In accordance with a services agreement and transfer pricing policies, the Company was remunerated £806,948 (2020 - £892,013) during the year by its parent company, ZAIS Group, LLC. At 31 December 2021 the amount of accrued income due from the parent was £1,178,628 (2020 - £1,112,634).

6. Audit Opinion

The auditor's report on the accounts for the financial year ended 31 December 2021 was unqualified.

The audit report was signed by Gordon Spinks on behalf of Dixon Wilson Audit Services LLP.

7. Ultimate controlling party

Parent Company:

ZAIS Group, LLC
USA

The ultimate parent is ZAIS Group Holdings Inc, incorporated in USA.