Registered number
10894612
ZKL INVEST LTD
Filleted Accounts
31 January 2023
ZKL INVEST LTD
Registered number: 10894612
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,540 13,783
Current assets
Debtors 4 11,611 3,148
Investments held as current assets 5 17,122,500 16,446,614
Cash at bank and in hand 38,928 285,105
17,173,039 16,734,867
Creditors: amounts falling due within one year 6 (4,230) (4,282)
Net current assets 17,168,809 16,730,585
Net assets 17,178,349 16,744,368
Capital and reserves
Share premium 16,040,000 16,040,000
Profit and loss account 1,138,349 704,368
Shareholder's funds 17,178,349 16,744,368
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Agostino Raffaele Luongo
Director
Approved by the board on 1 September 2023
ZKL INVEST LTD
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Computer equipment over 3 years
Fixtures, fittings, tools and equipment over 3 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 20,662
Additions 8,452
At 31 January 2023 29,114
Depreciation
At 1 February 2022 6,879
Charge for the year 12,695
At 31 January 2023 19,574
Net book value
At 31 January 2023 9,540
At 31 January 2022 13,783
4 Debtors 2023 2022
£ £
Directors' loans 9,861 3,148
Other debtors 1,750 -
11,611 3,148
5 Investments held as current assets 2023 2022
£ £
Listed investments 17,122,500 16,446,614
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 4,025 4,025
Other creditors 205 257
4,230 4,282
7 Other information
ZKL INVEST LTD is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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