Zest Housing Limited 11375140 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is letting and operating of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 11375140 2022-04-01 2023-03-31 11375140 2023-03-31 11375140 core:RetainedEarningsAccumulatedLosses 2023-03-31 11375140 core:ShareCapital 2023-03-31 11375140 core:CurrentFinancialInstruments 2023-03-31 11375140 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11375140 core:Non-currentFinancialInstruments 2023-03-31 11375140 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 11375140 bus:SmallEntities 2022-04-01 2023-03-31 11375140 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11375140 bus:FullAccounts 2022-04-01 2023-03-31 11375140 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11375140 bus:RegisteredOffice 2022-04-01 2023-03-31 11375140 bus:Director1 2022-04-01 2023-03-31 11375140 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11375140 countries:EnglandWales 2022-04-01 2023-03-31 11375140 2022-03-31 11375140 2021-04-01 2022-03-31 11375140 2022-03-31 11375140 core:RetainedEarningsAccumulatedLosses 2022-03-31 11375140 core:ShareCapital 2022-03-31 11375140 core:CurrentFinancialInstruments 2022-03-31 11375140 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11375140 core:Non-currentFinancialInstruments 2022-03-31 11375140 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 11375140

Zest Housing Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Zest Housing Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Zest Housing Limited

Company Information

Director

Mrs LL Sydenham

Registered office

111-113 High St
Evesham
Worcestershire
WR11 4XP

Accountants

Clement Rabjohns Limited
Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

Zest Housing Limited

(Registration number: 11375140)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

275,290

275,290

Current assets

 

Debtors

5

-

12,318

Cash at bank and in hand

 

28,555

16,642

 

28,555

28,960

Creditors: Amounts falling due within one year

6

(96,629)

(112,042)

Net current liabilities

 

(68,074)

(83,082)

Total assets less current liabilities

 

207,216

192,208

Creditors: Amounts falling due after more than one year

6

(155,238)

(155,238)

Net assets

 

51,978

36,970

Capital and reserves

 

Called up share capital

100

100

Retained earnings

51,878

36,870

Shareholders' funds

 

51,978

36,970

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 September 2023
 

.........................................
Mrs LL Sydenham
Director

 

Zest Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
111-113 High St
Evesham
Worcestershire
WR11 4XP
United Kingdom

These financial statements were authorised for issue by the director on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Zest Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Zest Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Investment properties

2023
£

At 1 April

275,290

At 31 March

275,290

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2023
£

2022
£

Prepayments

-

12,318

 

Zest Housing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

3,990

3,443

Accruals and deferred income

1,980

1,980

Other creditors

90,659

106,619

96,629

112,042

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

155,238

155,238

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

155,238

155,238