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REGISTERED NUMBER: 06021936 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

ZENDEN PROPERTIES LTD

ZENDEN PROPERTIES LTD (REGISTERED NUMBER: 06021936)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZENDEN PROPERTIES LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr Ibrahim Tum





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 06021936 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

ZENDEN PROPERTIES LTD (REGISTERED NUMBER: 06021936)

Balance Sheet
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,225,019 1,562,179
2,225,019 1,562,179

CURRENT ASSETS
Debtors 6 11,200 11,200
Cash at bank and in hand 11,710 163,783
22,910 174,983
CREDITORS
Amounts falling due within one year 7 270,341 246,761
NET CURRENT LIABILITIES (247,431 ) (71,778 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,977,588

1,490,401

CREDITORS
Amounts falling due after more than one
year

8

(1,271,070

)

(804,208

)

PROVISIONS FOR LIABILITIES 10 (19,559 ) (19,559 )
NET ASSETS 686,959 666,634

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 200,000 200,000
Retained earnings 486,859 466,534
SHAREHOLDERS' FUNDS 686,959 666,634

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 director acknowledges his 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.

ZENDEN PROPERTIES LTD (REGISTERED NUMBER: 06021936)

Balance Sheet - 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 director and authorised for issue on 3 November 2023 and were signed by:





Mr Ibrahim Tum - Director


ZENDEN PROPERTIES LTD (REGISTERED NUMBER: 06021936)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Zenden Properties 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.

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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

Turnover
Turnover is based on rent received from its investment activities in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2022
and 31 March 2023 942,179
DEPRECIATION
At 1 April 2022
and 31 March 2023 942,179
NET BOOK VALUE
At 31 March 2023 -

ZENDEN PROPERTIES LTD (REGISTERED NUMBER: 06021936)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,562,179
Additions 662,840
At 31 March 2023 2,225,019
NET BOOK VALUE
At 31 March 2023 2,225,019
At 31 March 2022 1,562,179

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 1,562,179

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 1,562,179
Additions 662,840
2,225,019

CLIENT SCREEN TOTAL = -


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 11,200 11,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 79,496 75,415
Taxation and social security 30,872 23,889
Other creditors 159,973 147,457
270,341 246,761

ZENDEN PROPERTIES LTD (REGISTERED NUMBER: 06021936)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 1,192,139 725,278
Other creditors 78,931 78,930
1,271,070 804,208

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 434,081 433,984

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 1,271,635 800,693

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 19,559 19,559

Deferred
tax
£   
Balance at 1 April 2022 19,559
Balance at 31 March 2023 19,559

** BALANCE ABOVE AT END OF YEAR RE DEFERRED TAX ON CLIENT SCREEN OF -
DOES NOT AGREE TO CURRENT YEAR TOTAL OF ACCOUNTS PER TB 19,559

PLEASE CHECK CLIENT SCREEN - NOTES TO FINANCIAL STATEMENTS - BALANCE SHEET ITEMS - PROVISIONS FOR LIABILITIES - MOVEMENT IN PROVISIONS ETC

Please note: a deferred tax asset should be entered as a negative balance (i.e. include a "-" sign)


11. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 200,000