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REGISTERED NUMBER: 08084899 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ZIONSTONE PROPERTIES LIMITED

ZIONSTONE PROPERTIES LIMITED (REGISTERED NUMBER: 08084899)

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 PROPERTIES 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: 08084899 (England and Wales)





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

ZIONSTONE PROPERTIES LIMITED (REGISTERED NUMBER: 08084899)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,576,173 9,560,337

CURRENT ASSETS
Debtors 5 32,791 37,437
Cash at bank 69,591 193,584
102,382 231,021
CREDITORS
Amounts falling due within one year 6 2,065,508 2,624,758
NET CURRENT LIABILITIES (1,963,126 ) (2,393,737 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,613,047

7,166,600

PROVISIONS FOR LIABILITIES 195,168 195,168
NET ASSETS 7,417,879 6,971,432

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7,417,878 6,971,431
SHAREHOLDERS' FUNDS 7,417,879 6,971,432

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 PROPERTIES LIMITED (REGISTERED NUMBER: 08084899)

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 PROPERTIES LIMITED (REGISTERED NUMBER: 08084899)

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


1. STATUTORY INFORMATION

Zionstone Properties 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.

Turnover
Turnover represents rent receivable for 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 PROPERTIES LIMITED (REGISTERED NUMBER: 08084899)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 9,560,337
Additions 15,836
At 31 March 2023 9,576,173
NET BOOK VALUE
At 31 March 2023 9,576,173
At 31 March 2022 9,560,337

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 89,180
Valuation in 2019 395,000
Valuation in 2020 557,836
Cost 8,534,157
9,576,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 27,474 24,154
Other debtors 5,317 13,283
32,791 37,437

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (3,927 ) 3,087
Amounts owed to group undertakings 1,901,092 2,524,307
Taxation and social security 104,722 38,997
Other creditors 63,621 58,367
2,065,508 2,624,758

7. RELATED PARTY DISCLOSURES

The company has taken advantage of the 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 the parent of the group.

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