IRIS Accounts Production v23.3.0.418 04172893 director 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041728932022-03-31041728932023-03-31041728932022-04-012023-03-31041728932021-03-31041728932021-04-012022-03-31041728932022-03-3104172893ns10:Originalns15:EnglandWales2022-04-012023-03-3104172893ns14:PoundSterlingns10:Original2022-04-012023-03-3104172893ns10:Originalns10:Director12022-04-012023-03-3104172893ns10:Original2022-04-012023-03-3104172893ns10:Original2023-03-3104172893ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104172893ns10:Originalns10:SmallEntities2022-04-012023-03-3104172893ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104172893ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104172893ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104172893ns10:Originalns10:FullAccounts2022-04-012023-03-3104172893ns10:Original2021-04-012022-03-3104172893ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3104172893ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104172893ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104172893ns10:Original2022-03-3104172893ns10:Originalns5:CurrentFinancialInstruments2023-03-3104172893ns10:Originalns5:CurrentFinancialInstruments2022-03-3104172893ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104172893ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104172893ns5:ShareCapitalns10:Original2023-03-3104172893ns5:ShareCapitalns10:Original2022-03-3104172893ns10:Originalns5:RevaluationReserve2023-03-3104172893ns10:Originalns5:RevaluationReserve2022-03-3104172893ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104172893ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104172893ns10:Originalns5:FurnitureFittings2022-04-012023-03-3104172893ns10:Originalns5:FurnitureFittings2022-03-3104172893ns10:Originalns5:FurnitureFittings2023-03-3104172893ns10:Originalns5:FurnitureFittings2022-03-3104172893ns10:Original2022-03-3104172893ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104172893ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104172893ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3104172893ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-03-3104172893ns5:Securedns10:Original2023-03-3104172893ns5:Securedns10:Original2022-03-3104172893ns10:Originalns10:OrdinaryShareClass12023-03-3104172893ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104172893ns10:Originalns5:RevaluationReserve2022-03-3104172893ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 04172893 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ZONESTART LTD

ZONESTART LTD (REGISTERED NUMBER: 04172893)






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


ZONESTART LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J Wider





SECRETARY: A Wider





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 04172893 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

ZONESTART LTD (REGISTERED NUMBER: 04172893)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 291 343
Investment property 6 1,100,000 1,100,000
1,100,291 1,100,343

CURRENT ASSETS
Debtors 7 536,442 536,442
Cash at bank 69 11
536,511 536,453
CREDITORS
Amounts falling due within one year 8 (40,624 ) (39,879 )
NET CURRENT ASSETS 495,887 496,574
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,596,178

1,596,917

CREDITORS
Amounts falling due after more than one
year

9

(717,869

)

(717,869

)
NET ASSETS 878,309 879,048

CAPITAL AND RESERVES
Called up share capital 12 1 1
Revaluation reserve 13 809,988 809,988
Retained earnings 13 68,320 69,059
SHAREHOLDERS' FUNDS 878,309 879,048

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.

ZONESTART LTD (REGISTERED NUMBER: 04172893)

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 director and authorised for issue on 14 November 2023 and were signed by:





J Wider - Director


ZONESTART LTD (REGISTERED NUMBER: 04172893)

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

1. STATUTORY INFORMATION

Zonestart 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property - depreciation
Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:
a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

Investment property fair value is based on a valuation by an external, independent valuator, having an appropriate recognised professional qualification and recent experience in the location and class of the property being valued.

Any gain or loss arising from a change in fair value is recognised in profit or loss.

4. EMPLOYEES AND DIRECTORS

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

ZONESTART LTD (REGISTERED NUMBER: 04172893)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 2,692
DEPRECIATION
At 1 April 2022 2,349
Charge for year 52
At 31 March 2023 2,401
NET BOOK VALUE
At 31 March 2023 291
At 31 March 2022 343

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 1,100,000
NET BOOK VALUE
At 31 March 2023 1,100,000
At 31 March 2022 1,100,000

The director has confirmed that there is no significant increase or decrease in the property market value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 536,442 536,442

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 660
Taxation and social security 32,259 32,259
Other creditors 8,365 6,960
40,624 39,879

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 10) 717,869 717,869

ZONESTART LTD (REGISTERED NUMBER: 04172893)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 717,869 717,869

10. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loan 717,869 717,869

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 717,869 717,869

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Share capital 1 £1 1 1

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 69,059 809,988 879,047
Deficit for the year (739 ) (739 )
At 31 March 2023 68,320 809,988 878,308

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Wider.