Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-302022-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11298052 2022-04-01 2023-04-30 11298052 2021-04-01 2022-03-31 11298052 2023-04-30 11298052 2022-03-31 11298052 c:Director1 2022-04-01 2023-04-30 11298052 d:FreeholdInvestmentProperty 2022-04-01 2023-04-30 11298052 d:FreeholdInvestmentProperty 2023-04-30 11298052 d:FreeholdInvestmentProperty 2022-03-31 11298052 d:CurrentFinancialInstruments 2023-04-30 11298052 d:CurrentFinancialInstruments 2022-03-31 11298052 d:Non-currentFinancialInstruments 2023-04-30 11298052 d:Non-currentFinancialInstruments 2022-03-31 11298052 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11298052 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11298052 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11298052 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11298052 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 11298052 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 11298052 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 11298052 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 11298052 d:ShareCapital 2023-04-30 11298052 d:ShareCapital 2022-03-31 11298052 d:InvestmentPropertiesRevaluationReserve 2023-04-30 11298052 d:InvestmentPropertiesRevaluationReserve 2022-03-31 11298052 d:RetainedEarningsAccumulatedLosses 2023-04-30 11298052 d:RetainedEarningsAccumulatedLosses 2022-03-31 11298052 d:OtherDeferredTax 2023-04-30 11298052 d:OtherDeferredTax 2022-03-31 11298052 c:FRS102 2022-04-01 2023-04-30 11298052 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-04-30 11298052 c:FullAccounts 2022-04-01 2023-04-30 11298052 c:PrivateLimitedCompanyLtd 2022-04-01 2023-04-30 11298052 2 2022-04-01 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 11298052









ZEN INVESTMENTS GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023

 
ZEN INVESTMENTS GROUP LIMITED
REGISTERED NUMBER: 11298052

BALANCE SHEET
AS AT 30 APRIL 2023

30 April
31 March
2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
4,220,832
2,867,082

  
4,220,832
2,867,082

Current assets
  

Debtors: amounts falling due within one year
 5 
23,963
-

Cash at bank and in hand
 6 
45,257
9,121

  
69,220
9,121

Creditors: amounts falling due within one year
 7 
(1,932,538)
(77,662)

Net current liabilities
  
 
 
(1,863,318)
 
 
(68,541)

Total assets less current liabilities
  
2,357,514
2,798,541

Creditors: amounts falling due after more than one year
 8 
(1,625,128)
(2,088,269)

Provisions for liabilities
  

Deferred tax
 10 
(131,000)
(131,000)

  
 
 
(131,000)
 
 
(131,000)

Net assets
  
601,386
579,272


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
558,900
558,900

Profit and loss account
  
42,386
20,272

  
601,386
579,272


Page 1

 
ZEN INVESTMENTS GROUP LIMITED
REGISTERED NUMBER: 11298052
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2024.




H S Chowdhry
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
ZEN INVESTMENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

Zen Investment Group Limited is a private company limited by shares and incorporated in
England & Wales (registered number 11298052). The registered office is Flat 58 The Pryors, East Heath
Road, London, England, NW3 1BP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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 is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

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

Page 3

 
ZEN INVESTMENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ZEN INVESTMENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2022 - 2).

Page 5

 
ZEN INVESTMENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

4.


Investment property





Freehold investment property

£



Valuation


At 1 April 2022
2,867,082


Additions at cost
1,353,750



At 30 April 2023
4,220,832

The 2023 valuations were made by the Directors, on an open market value for existing use basis.

30 April
31 March
2023
2022
£
£

Revaluation reserves


At 1 April 2022
558,900
558,900

At 30 April 2023
558,900
558,900




Page 6

 
ZEN INVESTMENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

5.


Debtors

30 April
31 March
2023
2022
£
£


Other debtors
23,963
-

23,963
-



6.


Cash and cash equivalents

30 April
31 March
2023
2022
£
£

Cash at bank and in hand
45,257
9,121

45,257
9,121



7.


Creditors: Amounts falling due within one year

30 April
31 March
2023
2022
£
£

Corporation tax
2,660
-

Other creditors
1,920,548
75,162

Accruals and deferred income
9,330
2,500

1,932,538
77,662



8.


Creditors: Amounts falling due after more than one year

30 April
31 March
2023
2022
£
£

Bank loans
1,625,128
1,625,128

Other loans
-
463,141

1,625,128
2,088,269


Page 7

 
ZEN INVESTMENTS GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

9.


Loans


Analysis of the maturity of loans is given below:


30 April
31 March
2023
2022
£
£


Amounts falling due 1-2 years

Other loans
-
463,141


-
463,141


Amounts falling due after more than 5 years

Bank loans
1,625,128
1,625,128

1,625,128
1,625,128

1,625,128
2,088,269



10.


Deferred taxation






2023


£






At beginning of year
(131,000)



At end of year
(131,000)

The provision for deferred taxation is made up as follows:

30 April
31 March
2023
2022
£
£


Timing differences in revaluation gains
(131,000)
(131,000)

(131,000)
(131,000)

Page 8