Zand Hold Limited 08731510 true 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Dormant Company Digita Accounts Production Advanced 6.30.9574.0 true Mr Raymond Crewe-Brown true 08731510 2022-11-01 2023-10-31 08731510 2023-10-31 08731510 bus:OrdinaryShareClass1 2023-10-31 08731510 core:ShareCapital 2023-10-31 08731510 bus:FRS102 2022-11-01 2023-10-31 08731510 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08731510 bus:FullAccounts 2022-11-01 2023-10-31 08731510 bus:RegisteredOffice 2022-11-01 2023-10-31 08731510 bus:Director1 2022-11-01 2023-10-31 08731510 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 08731510 bus:EntityHasNeverTraded 2022-11-01 2023-10-31 08731510 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08731510 countries:AllCountries 2022-11-01 2023-10-31 08731510 2021-11-01 2022-10-31 08731510 2022-10-31 08731510 bus:OrdinaryShareClass1 2022-10-31 08731510 core:ShareCapital 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08731510

Zand Hold Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Zand Hold Limited

Profit and Loss Account for the Year Ended 31 October 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Zand Hold Limited

(Registration number: 08731510)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

1

1

Capital and reserves

 

Called up share capital

4

1

1

Shareholders' funds

 

1

1

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the director on 18 March 2024
 

.........................................
Mr Raymond Crewe-Brown
Director

 

Zand Hold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Hygeia Building
Rear Ground Floor
66-68 College Road
Harrow
Middlesex
HA1 1BE
United Kingdom

These financial statements were authorised for issue by the director on 18 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Zand Hold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans from related parties.
 Recognition and measurement
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are
measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms of financed at a rate of interest that is not a market rate or in case of an out-right short term loan not at a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

 Impairment
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss if recognised in the Profit and loss account.

For financial assets measured as amortised cost, the impairment loss is measured as the difference between an asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate. If a financial asset has a variable interest rate, the discounted rate for measuring any impairment loss is the current effective interest rate determined under the contract.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3

Cash and cash equivalents

2023
£

2022
£

Cash on hand

1

1

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         
 

Zand Hold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023 (continued)

5

Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).