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REGISTERED NUMBER: 08859746 (England and Wales)















Zanisha Ltd

Unaudited Financial Statements for the Year Ended 31 March 2023






Zanisha Ltd (Registered number: 08859746)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Zanisha Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs K E Aggarwal
A Aggarwal





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 24 London Road
Rainham
Kent
ME8 6YX





REGISTERED NUMBER: 08859746 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Zanisha Ltd (Registered number: 08859746)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 185,102 185,102
Investment property 5 13,481,670 11,559,438
13,666,772 11,744,540

CURRENT ASSETS
Debtors 6 1,029,508 823,177
Cash at bank 186,918 53,592
1,216,426 876,769
CREDITORS
Amounts falling due within one year 7 4,916,747 5,846,259
NET CURRENT LIABILITIES (3,700,321 ) (4,969,490 )
TOTAL ASSETS LESS CURRENT LIABILITIES 9,966,451 6,775,050

PROVISIONS FOR LIABILITIES 252,495 150,327
NET ASSETS 9,713,956 6,624,723

CAPITAL AND RESERVES
Called up share capital 700 700
Fair value reserve 1,082,379 660,063
Retained earnings 8,630,877 5,963,960
SHAREHOLDERS' FUNDS 9,713,956 6,624,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Zanisha Ltd (Registered number: 08859746)

Statement of Financial Position - continued
31 March 2023


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

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 and authorised for issue on 23 October 2023 and were signed on its behalf by:





Mrs K E Aggarwal - Director


Zanisha Ltd (Registered number: 08859746)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Zanisha Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

Income recognition
Turnover represents income receivable from rents and service charges on an accruals basis.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Fixed asset investments
Investments comprise investments in unquoted equity instruments which are measured at fair value where the fair value can be measured reliably. Otherwise they are included at cost less impairment. Changes in fair value are recognised in the income statement.

Zanisha Ltd (Registered number: 08859746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 185,102
NET BOOK VALUE
At 31 March 2023 185,102
At 31 March 2022 185,102

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 11,559,438
Additions 1,397,748
Revaluations 524,484
At 31 March 2023 13,481,670
NET BOOK VALUE
At 31 March 2023 13,481,670
At 31 March 2022 11,559,438

The investment property was valued on a fair value basis by the director at the balance sheet date.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 13,481,670

Investment properties were valued on market value basis on 31 March 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 102,558 86,647
Other debtors 926,950 736,530
1,029,508 823,177

Zanisha Ltd (Registered number: 08859746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 57,998 48,398
Taxation and social security 122,802 110,170
Other creditors 4,735,947 5,687,691
4,916,747 5,846,259