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COMPANY REGISTRATION NUMBER: 11890497
Zan Holdings Limited
Filleted Unaudited Financial Statements
30 June 2023
Zan Holdings Limited
Financial Statements
Year ended 30 June 2023
Contents
Pages
Balance sheet
1
Notes to the financial statements
2 to 3
Zan Holdings Limited
Balance Sheet
30 June 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
752,841
752,841
Current assets
Cash at bank and in hand
673
Creditors: amounts falling due within one year
5
464,221
495,920
---------
---------
Net current liabilities
463,548
495,920
---------
---------
Total assets less current liabilities
289,293
256,921
---------
---------
Net assets
289,293
256,921
---------
---------
Capital and reserves
Called up share capital
2,000
2,000
Profit and loss account
287,293
254,921
---------
---------
Shareholder funds
289,293
256,921
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 June 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
Mr R G Hovey
Director
Company registration number: 11890497
Zan Holdings Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Main Office Zan Industrial Park, Crewe Road, Wheelock, Sandbach, CW11 4QH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
The turnover shown in the profit and loss account represents rental income receivable during the year. Turnover is recognised when the company obtains the right to receive consideration for services provided.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Cash at bank and in hand This comprises cash at bank.
4. Investments
Shares in group undertakings
£
Cost
At 1 July 2022 and 30 June 2023
752,841
---------
Impairment
At 1 July 2022 and 30 June 2023
---------
Carrying amount
At 30 June 2023
752,841
---------
At 30 June 2022
752,841
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
21,533
Amounts owed to group undertakings and undertakings in which the company has a participating interest
54,937
31,102
Other creditors
409,284
443,285
---------
---------
464,221
495,920
---------
---------
6. Employee numbers
The average number of persons employed by the company during the year amounted to nil (2022 - nil).