Zulu Realisations Limited 03777089 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is insolvency and corporate advisory activities but it is no longer active. The company will be wound up in the near future. Digita Accounts Production Advanced 6.30.9574.0 true 03777089 2023-01-01 2023-12-31 03777089 2023-12-31 03777089 bus:OrdinaryShareClass1 2023-12-31 03777089 bus:OrdinaryShareClass2 2023-12-31 03777089 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03777089 bus:SmallEntities 2023-01-01 2023-12-31 03777089 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03777089 bus:FullAccounts 2023-01-01 2023-12-31 03777089 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03777089 bus:RegisteredOffice 2023-01-01 2023-12-31 03777089 bus:Director1 2023-01-01 2023-12-31 03777089 bus:Director2 2023-01-01 2023-12-31 03777089 bus:Director3 2023-01-01 2023-12-31 03777089 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03777089 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 03777089 bus:EntityNoLongerTradingButTradedInPast 2023-01-01 2023-12-31 03777089 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03777089 1 2023-01-01 2023-12-31 03777089 countries:EnglandWales 2023-01-01 2023-12-31 03777089 2021-10-01 2022-12-31 03777089 2022-12-31 03777089 bus:OrdinaryShareClass1 2022-12-31 03777089 bus:OrdinaryShareClass2 2022-12-31 03777089 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03777089

Zulu Realisations Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Zulu Realisations Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Zulu Realisations Limited

Company Information

Directors

Mr S V Freakley

Mr A P Beveridge

Mr M A Lewis

Registered office

6 New Street Square
London
EC4A 3BF

 

Zulu Realisations Limited

(Registration number: 03777089)
Balance Sheet as at 31 December 2023

Note

31 December
2023
£

31 December
2022
£

Current assets

 

Cash at bank and in hand

 

8,554

13,616

Creditors: Amounts falling due within one year

4

(6,997)

(2,730)

Net assets

 

1,557

10,886

Capital and reserves

 

Called up share capital

5

1,252

1,252

Share premium reserve

123,228

123,228

Retained earnings

(122,923)

(113,594)

Shareholders' funds

 

1,557

10,886

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 April 2024 and signed on its behalf by:
 

.........................................
Mr M A Lewis
Director

 

Zulu Realisations Limited

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

1

General information

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

The address of its registered office is:
6 New Street Square
London
EC4A 3BF

These financial statements were authorised for issue by the Board on 19 April 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

The Company is not active and will be wound up in the near future. Accordingly these financial statements have been prepared on a break up basis.

Disclosure of long or short period

In the prior year the Company changed its accounting reference date to 31 December. Figures are given for the year 1 January 2023 to 31 December 2023 and for the comparative period 1 October 2021 to 31 December 2022. Accordingly the comparatives may not be truly comparable.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Zulu Realisations Limited

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

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3). The directors are not remunerated.

 

Zulu Realisations Limited

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

4

Creditors

Creditors: amounts falling due within one year

Note

31 December
2023
£

31 December
2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

4,687

-

Accruals and deferred income

 

2,310

2,730

 

6,997

2,730

5

Share capital

Allotted, called up and fully paid shares

 

31 December
2023

31 December
2022

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

A Ordinary of £0.01 each

125,000

1,250

125,000

1,250

 

125,002

1,252

125,002

1,252