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Company No: 13364240 (England and Wales)

LEO ZANE ACQUISITIONS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

LEO ZANE ACQUISITIONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

LEO ZANE ACQUISITIONS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2023
LEO ZANE ACQUISITIONS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 484 239
484 239
Current assets
Debtors 4 1,181 0
Cash at bank and in hand 100,501 3,602
101,682 3,602
Creditors: amounts falling due within one year 5 ( 144,526) ( 28,308)
Net current liabilities (42,844) (24,706)
Total assets less current liabilities (42,360) (24,467)
Net liabilities ( 42,360) ( 24,467)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 42,460 ) ( 24,567 )
Total shareholders' deficit ( 42,360) ( 24,467)

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Leo Zane Acquisitions Limited (registered number: 13364240) were approved and authorised for issue by the Director. They were signed on its behalf by:

Terence Zane Leonard
Director

30 January 2024

LEO ZANE ACQUISITIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
LEO ZANE ACQUISITIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Leo Zane Acquisitions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have considered the financial requirements of the company for a period in excess of 12 months from the date of approval and have also considered their financial position to be able to support the company in its needs. The directors believe that this financial support is in place and therefore the accounts have been prepared on the going concern basis.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 May 2022 299 299
Additions 381 381
At 30 April 2023 680 680
Accumulated depreciation
At 01 May 2022 60 60
Charge for the financial year 136 136
At 30 April 2023 196 196
Net book value
At 30 April 2023 484 484
At 30 April 2022 239 239

4. Debtors

2023 2022
£ £
Prepayments 1,181 0

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 458 0
Amounts owed to directors 142,748 27,408
Accruals 1,320 900
144,526 28,308