IRIS Accounts Production v23.3.1.45 05095810 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 0 0 true false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050958102022-03-31050958102023-03-31050958102022-04-012023-03-31050958102021-03-31050958102021-04-012022-03-31050958102022-03-3105095810ns10:Originalns15:EnglandWales2022-04-012023-03-3105095810ns14:PoundSterlingns10:Original2022-04-012023-03-3105095810ns10:Originalns10:Director12022-04-012023-03-3105095810ns10:Original2022-04-012023-03-3105095810ns10:Originalns10:Director22022-04-012023-03-3105095810ns10:Original2023-03-3105095810ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105095810ns10:Originalns10:SmallEntities2022-04-012023-03-3105095810ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105095810ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105095810ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105095810ns10:Originalns10:FullAccounts2022-04-012023-03-3105095810ns10:Original2021-04-012022-03-3105095810ns10:Original12022-04-012023-03-3105095810ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105095810ns10:Original2022-03-3105095810ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105095810ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105095810ns10:Originalns5:CurrentFinancialInstruments2023-03-3105095810ns10:Originalns5:CurrentFinancialInstruments2022-03-3105095810ns5:ShareCapitalns10:Original2023-03-3105095810ns5:ShareCapitalns10:Original2022-03-3105095810ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105095810ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105095810ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-04-012023-03-3105095810ns10:Originalns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2022-04-012023-03-3105095810ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3105095810ns5:IntangibleAssetsOtherThanGoodwillns10:Original2023-03-3105095810ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-3105095810ns10:Originalns5:CostValuation2022-03-3105095810ns10:Originalns5:AdditionsToInvestments2023-03-3105095810ns10:Originalns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3105095810ns10:Originalns5:CostValuation2023-03-31
REGISTERED NUMBER: 05095810 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Zoeftig Group Limited

Zoeftig Group Limited (Registered number: 05095810)






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


Zoeftig Group Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P D Williams
Mrs M L Williams





REGISTERED OFFICE: Kings Hill Industrial Estate
BUDE
Cornwall
EX23 8QN





REGISTERED NUMBER: 05095810 (England and Wales)





ACCOUNTANTS: A C Mole
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Zoeftig Group Limited (Registered number: 05095810)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 26,176
Investments 5 3,990,330 3,802,960
3,990,330 3,829,136

CURRENT ASSETS
Debtors: amounts falling due after more than
one year

6

550,000

550,000
Cash at bank 508 27
550,508 550,027
CREDITORS
Amounts falling due within one year 7 11,073 11,073
NET CURRENT ASSETS 539,435 538,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,529,765

4,368,090

CREDITORS
Amounts falling due after more than one
year

8

1,453,318

1,251,683
NET ASSETS 3,076,447 3,116,407

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 3,076,427 3,116,387
SHAREHOLDERS' FUNDS 3,076,447 3,116,407

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 directors acknowledge their 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.

Zoeftig Group Limited (Registered number: 05095810)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:




P D Williams - Director



Mrs M L Williams - Director


Zoeftig Group Limited (Registered number: 05095810)

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

1. STATUTORY INFORMATION

Zoeftig Group 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Zoeftig Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less any provisions for impairment.

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.

Current and 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.

Financial instruments
Basic financial assets, including cash and bank balances, are initially recognised at transaction price. Such assets are subsequently carried at amortised cost.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. Any impairment losses are recognised in profit or loss.

Basic financial liabilities, including other creditors, are initially recognised at transaction price. Other creditors are measured at amortised cost using the effective interest method. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

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

Zoeftig Group Limited (Registered number: 05095810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 235,577
AMORTISATION
At 1 April 2022 209,401
Charge for year 26,176
At 31 March 2023 235,577
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 26,176

5. FIXED ASSET INVESTMENTS
Investment
in
subsidiaries
£   
COST
At 1 April 2022 3,802,960
Additions 199,999
Impairments (12,629 )
At 31 March 2023 3,990,330
NET BOOK VALUE
At 31 March 2023 3,990,330
At 31 March 2022 3,802,960

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 550,000 550,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 4,050 4,050
Directors' current accounts 4,023 4,023
Accrued expenses 3,000 3,000
11,073 11,073

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,453,318 1,251,683

9. PARENT COMPANY

The parent company is PNM Management Limited. The registered office of the parent company is Cobar Chase, The Street, Luckington, Wiltshire, England, SN14 6NP

The ultimate controlling party of the group is the directors.