Company registration number:
13133194
Z C Development Limited
Unaudited filleted financial statements
31 January 2023
Z C Development Limited
Contents
Directors and other information
Accountants report
Income statement
Statement of financial position and notes to the financial statements
Z C Development Limited
Directors and other information
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Directors |
Mr. Zawahir Uddin Ahmed Chowdhury |
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Mr. Zulfikar Ahmed Chowdhury |
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Company number |
13133194 |
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Registered office |
Ground Floor East |
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30-40 Eastcheap |
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City of London |
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London |
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EC3M 1HD |
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Business address |
29 Seventh Avenue |
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Manor House |
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London |
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E12 5JL |
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Accountants |
Kay Peters & Co |
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Ground Floor East |
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30-40 Eastcheap |
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City of London |
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London |
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EC3M 1HD |
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Z C Development Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Z C Development Limited
Year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Z C Development Limited for the year ended 31 January 2023 which comprise the income statement, statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Z C Development Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Z C Development Limited and state those matters that we have agreed to state to the board of directors of Z C Development Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Z C Development Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Z C Development 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 Z C Development Limited. You consider that Z C Development 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 Z C Development 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.
Kay Peters & Co
Chartered Certified Accountants
Ground Floor East
30-40 Eastcheap
City of London
London
EC3M 1HD
26 October 2023
Z C Development Limited
Income statement
Year ended 31 January 2023
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2023 |
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2022 |
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£ |
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£ |
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Turnover |
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12,000 |
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3,350 |
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Other charges |
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(100,388) |
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(23,069) |
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_______ |
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Loss |
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(
88,388) |
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(
19,719) |
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_______ |
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_______ |
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Z C Development Limited
Statement of financial position
31 January 2023
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2023 |
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2022 |
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£ |
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£ |
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Fixed assets |
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432,600 |
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432,600 |
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_______ |
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Current assets |
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1,731 |
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101 |
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Creditors: amounts falling due within one year |
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(
5,053) |
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3,267) |
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_______ |
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Net current liabilities |
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(
3,322) |
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3,166) |
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_______ |
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Total assets less current liabilities |
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429,278 |
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429,434 |
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Creditors: amounts falling due after more than one year |
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(
535,605) |
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447,997) |
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Accruals and deferred income |
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(
1,680) |
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1,056) |
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_______ |
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Net liabilities |
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(
108,007) |
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(
19,619) |
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_______ |
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Capital and reserves |
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(
108,007) |
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(
19,619) |
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Notes to the financial statements
Z C Development Limited
Year ended 31 January 2023
1.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company: |
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2023 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr. Zawahir Uddin Ahmed Chowdhury |
(
3,267) |
(
252,784) |
1,620 |
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254,431) |
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2022 |
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Balance brought forward |
Advances /(credits) to the directors |
Amounts repaid |
Balance o/standing |
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£ |
£ |
£ |
£ |
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Mr. Zawahir Uddin Ahmed Chowdhury |
- |
(
5,496) |
2,229 |
(
3,267) |
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The directors advanced £249,377.60 to the company to enable it to meet its contractual agreement to repay the previous year's bridging loan. The directors have retained to charge interest at their discretion. The repayment date has been set for 2045 with a review of the repayment date every 5 years.
During the year the company entered into the following guarantees on behalf of its directors:
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Maximum liability |
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Amount paid/liability incurred |
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2023 |
2022 |
2023 |
2022 |
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£ |
£ |
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£ |
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Mr. Zawahir Uddin Ahmed Chowdhury |
249,378 |
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- |
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The directors' have personally guaranteed the existing mortgage of £249,378.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
24 October 2023
, and are signed on behalf of the board by:
Mr. Zawahir Uddin Ahmed Chowdhury
Mr. Zulfikar Ahmed Chowdhury
Director
Director
Company registration number:
13133194
The company is a private company limited by shares, registered in England & Wales.