IRIS Accounts Production v23.1.0.753 05085714 director 1.1.21 31.12.21 31.12.21 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure050857142020-12-31050857142021-12-31050857142021-01-012021-12-31050857142019-12-31050857142020-01-012020-12-31050857142020-12-3105085714ns15:PoundSterling2021-01-012021-12-3105085714ns11:Director12021-01-012021-12-3105085714ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3105085714ns11:SmallEntities2021-01-012021-12-3105085714ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3105085714ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3105085714ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3105085714ns11:FullAccounts2021-01-012021-12-3105085714ns11:RegisteredOffice2021-01-012021-12-3105085714ns6:CurrentFinancialInstruments2021-12-3105085714ns6:CurrentFinancialInstruments2020-12-3105085714ns6:Non-currentFinancialInstruments2021-12-3105085714ns6:Non-currentFinancialInstruments2020-12-3105085714ns6:ShareCapital2021-12-3105085714ns6:ShareCapital2020-12-3105085714ns6:RetainedEarningsAccumulatedLosses2021-12-3105085714ns6:RetainedEarningsAccumulatedLosses2020-12-3105085714ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3105085714ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3105085714ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2021-12-3105085714ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2020-12-3105085714ns6:Non-currentFinancialInstruments2021-01-012021-12-31
REGISTERED NUMBER: 05085714










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ZEENATH INVESTMENTS LIMITED

ZEENATH INVESTMENTS LIMITED (REGISTERED NUMBER: 05085714)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ZEENATH INVESTMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 DECEMBER 2021







DIRECTOR: Z Hanif





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 05085714





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

ZEENATH INVESTMENTS LIMITED (REGISTERED NUMBER: 05085714)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,420,000 8,455,000

CURRENT ASSETS
Debtors 5 1,365,566 9,589,304
Cash at bank - 16,055
1,365,566 9,605,359
CREDITORS
Amounts falling due within one year 6 26,557 4,913,627
NET CURRENT ASSETS 1,339,009 4,691,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,759,009

13,146,732

CREDITORS
Amounts falling due after more than one
year

7

-

(5,122,390

)

PROVISIONS FOR LIABILITIES (62,528 ) (276,662 )
NET ASSETS 4,696,481 7,747,680

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,696,479 7,747,678
4,696,481 7,747,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

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 24 November 2023 and were signed by:





Z Hanif - Director


ZEENATH INVESTMENTS LIMITED (REGISTERED NUMBER: 05085714)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 DECEMBER 2021

1. STATUTORY INFORMATION

Zeenath Investments Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

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.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged s at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.

ZEENATH INVESTMENTS LIMITED (REGISTERED NUMBER: 05085714)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 8,455,000
Additions 17,134
Disposals (5,052,134 )
At 31 December 2021 3,420,000
NET BOOK VALUE
At 31 December 2021 3,420,000
At 31 December 2020 8,455,000

The properties were revalued by the director's at the year end and are considered by them to be reflective of the fair value as at the balance sheet date.


The historical cost of the properties as at 31 Dec 2021 amounted to £3,090,904(2020:7,348,352).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 1,365,420 1,412,791
Other debtors 146 8,176,513
1,365,566 9,589,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed to group undertakings - 3,425,558
Taxation and social security 22,944 -
Other creditors 3,613 1,488,069
26,557 4,913,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans - 5,122,390

ZEENATH INVESTMENTS LIMITED (REGISTERED NUMBER: 05085714)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2021 2020
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans - 5,122,390

The following liabilities were secured:

Details of security provided:

Included within creditors falling due after more than one year is an amount of £Nil(2020:5,122,390) in respect of liabilities which fall due for payment after more than five yeas from the balance sheet date.The liability is secured by the charge over the properties.

8. RELATED PARTY DISCLOSURES

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 wholly owned subsidiaries within the group.