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REGISTERED NUMBER: SC243615 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Zone Letting Limited

Zone Letting Limited (Registered number: SC243615)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Zone Letting Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: B Tavadia



REGISTERED OFFICE: 30 St Stephen Street
EDINBURGH
EH3 5AL



REGISTERED NUMBER: SC243615 (Scotland)



ACCOUNTANTS: Helen Lowe Ltd
17/21 East Mayfield
Edinburgh
Lothian
EH9 1SE



BANKERS: The Bank of Scotland
600 Gorgie Road
Edinburgh
EH11 3XP

Zone Letting Limited (Registered number: SC243615)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,678 5,709
Investments 5 6,000 6,000
13,678 11,709

CURRENT ASSETS
Debtors 6 1,259,150 679,931
Cash at bank 938,277 1,139,030
2,197,427 1,818,961
CREDITORS
Amounts falling due within one year 7 237,090 219,751
NET CURRENT ASSETS 1,960,337 1,599,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,974,015

1,610,919

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,973,915 1,610,819
SHAREHOLDERS' FUNDS 1,974,015 1,610,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 28 November 2023 and were signed by:




B Tavadia - Director


Zone Letting Limited (Registered number: SC243615)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Zone Letting Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is represented by fees and commissions earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost
Computer equipment - 20% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery Equipment equipment Totals
£    £    £    £   
COST
At 1 March 2022 829 4,897 4,487 10,213
Additions 3,665 - 1,349 5,014
At 28 February 2023 4,494 4,897 5,836 15,227
DEPRECIATION
At 1 March 2022 332 2,938 1,234 4,504
Charge for year 898 979 1,168 3,045
At 28 February 2023 1,230 3,917 2,402 7,549
NET BOOK VALUE
At 28 February 2023 3,264 980 3,434 7,678
At 28 February 2022 497 1,959 3,253 5,709

Zone Letting Limited (Registered number: SC243615)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022
and 28 February 2023 6,000
NET BOOK VALUE
At 28 February 2023 6,000
At 28 February 2022 6,000

6. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Other debtors 15,782 14,233

Amounts falling due after more than one year:
Other debtors 1,243,368 665,698

Aggregate amounts 1,259,150 679,931

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 127,129 121,173
Taxation and social security 104,400 92,375
Other creditors 5,561 6,203
237,090 219,751

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
B Tavadia
Balance outstanding at start of year 9,357 5,682
Amounts advanced 13,861 3,675
Amounts repaid (12,312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,906 9,357

Zone Letting Limited (Registered number: SC243615)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RELATED PARTY DISCLOSURES

At the year end there were outstanding loans to related parties of £1,254,274 (2022 £675,055). The loans are unsecured and repayable on demand.