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REGISTERED NUMBER: 06345734 (England and Wales)












ZELDA INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ZELDA INVESTMENTS LIMITED (REGISTERED NUMBER: 06345734)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ZELDA INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J J O'Neill
M E Richards
B W Richards
Mrs K Richards



SECRETARY: B W Richards



REGISTERED OFFICE: Highcroft
Chilworth Road
Chilworth
Southampton
Hampshire
SO16 7LP



REGISTERED NUMBER: 06345734 (England and Wales)



BANKERS: Lloyds Bank
92-94 Above Bar Street
Southampton
Hampshire
SO14 7DT

ZELDA INVESTMENTS LIMITED (REGISTERED NUMBER: 06345734)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
as restated
Notes £ £
FIXED ASSETS
Tangible assets 4 1,352 1,266

CURRENT ASSETS
Stocks 694,697 1,064,267
Debtors 5 119,159 129,578
Cash at bank 74,724 204,729
888,580 1,398,574
CREDITORS
Amounts falling due within one year 6 (235,135 ) (730,342 )
NET CURRENT ASSETS 653,445 668,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,797

669,498

CREDITORS
Amounts falling due after more than one
year

7

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES (338 ) (317 )
NET ASSETS 640,292 645,014

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 640,192 644,914
SHAREHOLDERS' FUNDS 640,292 645,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Statement of Income and Retained Earnings has not been delivered.

ZELDA INVESTMENTS LIMITED (REGISTERED NUMBER: 06345734)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023



The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





B W Richards - Director


ZELDA INVESTMENTS LIMITED (REGISTERED NUMBER: 06345734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Zelda Investments 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 15% Reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ZELDA INVESTMENTS LIMITED (REGISTERED NUMBER: 06345734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 January 2023 4,413
Additions 325
At 31 December 2023 4,738
DEPRECIATION
At 1 January 2023 3,147
Charge for year 239
At 31 December 2023 3,386
NET BOOK VALUE
At 31 December 2023 1,352
At 31 December 2022 1,266

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Other debtors 119,159 129,578

ZELDA INVESTMENTS LIMITED (REGISTERED NUMBER: 06345734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,701 17,545
Taxation and social security 29,427 96,370
Other creditors 193,007 606,427
235,135 730,342

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
as restated
£ £
Bank loans 14,167 24,167

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£ £
Within one year 18,366 18,366
Between one and five years 21,120 39,486
39,486 57,852

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the directors owed the company £62,030 (2022 - £70,281 as restated). The loans attract interest at HMRC's beneficial loan rate and are repayable upon demand.