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REGISTERED NUMBER: 10851328 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ZIONSTONE SUB LIMITED

ZIONSTONE SUB LIMITED (REGISTERED NUMBER: 10851328)

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


ZIONSTONE SUB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs L Atkins





REGISTERED OFFICE: Unit 7, Horizon Business Village
1 Brooklands Road
Weybridge
Surrey
KT13 0TJ





REGISTERED NUMBER: 10851328 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

ZIONSTONE SUB LIMITED (REGISTERED NUMBER: 10851328)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 7,030,000 7,030,000

CURRENT ASSETS
Debtors 5 11,866,129 7,225,998
Cash at bank 122,113 53,914
11,988,242 7,279,912
CREDITORS
Amounts falling due within one year 6 195,194 117,939
NET CURRENT ASSETS 11,793,048 7,161,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,823,048

14,191,973

CREDITORS
Amounts falling due after more than one
year

7

(13,644,100

)

(9,100,000

)

PROVISIONS FOR LIABILITIES (343,895 ) (343,895 )
NET ASSETS 4,835,053 4,748,078

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,835,052 4,748,077
4,835,053 4,748,078

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 her 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.

ZIONSTONE SUB LIMITED (REGISTERED NUMBER: 10851328)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 November 2023 and were signed by:





Mrs L Atkins - Director


ZIONSTONE SUB LIMITED (REGISTERED NUMBER: 10851328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Zionstone Sub Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other group members.

Turnover
Turnover is rent receivable in the year.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

ZIONSTONE SUB LIMITED (REGISTERED NUMBER: 10851328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 7,030,000
NET BOOK VALUE
At 31 March 2023 7,030,000
At 31 March 2022 7,030,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2020 1,819,965
Valuation in 2021 (9,990 )
Cost 5,220,025
7,030,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,647 20,751
Amounts owed by associates 11,851,399 7,201,751
Other debtors 3,083 3,496
11,866,129 7,225,998

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (645 ) 2
Taxation and social security 20,342 26,977
Other creditors 175,497 90,960
195,194 117,939

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 13,644,100 9,100,000

ZIONSTONE SUB LIMITED (REGISTERED NUMBER: 10851328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 13,644,100 9,100,000

Bank loans are secured over the assets of the company and cross guarantees are in place across the group..

9. ULTIMATE CONTROLLING PARTY

The parent company is Zionstone Limited, Unit 7, Horizon Business Village, 1 Brooklands Road, Weybridge,Surrey, KT13 0TJ.