Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseActivities of open-ended investment companies2022-03-01false1 14168658 2022-02-28 14168658 2022-03-01 2023-02-28 14168658 2021-03-01 2022-02-28 14168658 2023-02-28 14168658 1 2022-03-01 2023-02-28 14168658 3 2022-03-01 2023-02-28 14168658 d:Director1 2022-03-01 2023-02-28 14168658 e:CurrentFinancialInstruments 2023-02-28 14168658 e:Non-currentFinancialInstruments 2023-02-28 14168658 e:ShareCapital 2022-03-01 2023-02-28 14168658 e:ShareCapital 2023-02-28 14168658 e:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 14168658 e:RetainedEarningsAccumulatedLosses 2023-02-28 14168658 d:OrdinaryShareClass1 2022-03-01 2023-02-28 14168658 d:OrdinaryShareClass1 2023-02-28 14168658 d:Micro-entities 2022-03-01 2023-02-28 14168658 d:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 14168658 d:FullAccounts 2022-03-01 2023-02-28 14168658 d:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 14168658 f:PoundSterling 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14168658









ZAQ Finance Limited








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ZAQ FINANCE LIMITED
REGISTERED NUMBER: 14168658

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

  

Current assets
  

Cash at bank and in hand
 2 
55,019

  
55,019

Creditors: amounts falling due within one year
 3 
(3,798)

Net current assets
  
 
 
51,221

Total assets less current liabilities
  
51,221

Creditors: amounts falling due after more than one year
 4 
(35,019)

Net assets
  
16,202


Capital and reserves
  

Called up share capital 
 5 
10

Profit and loss account
  
16,192

  
16,202


Page 1

 
ZAQ FINANCE LIMITED
REGISTERED NUMBER: 14168658
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

Notes


Director's confirmations

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 March 2024.




Julian Werner van der Spuy
Director

Page 2

 
ZAQ FINANCE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the year

Profit for the year

-
16,192
16,192


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
16,192
16,192


Contributions by and distributions to owners

Shares issued during the year
10
-
10


Total transactions with owners
10
-
10


At 28 February 2023
10
16,192
16,202

The notes on pages 5 to 7 form part of these financial statements.

Page 3

 
ZAQ FINANCE LIMITED
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2023
£

Cash flows from operating activities

Profit for the financial year
19,990

Adjustments for:

Increase in creditors
30,519

Net cash generated from operating activities

50,509



Cash flows from financing activities

Issue of ordinary shares
10

Other new loans
4,500

Net cash used in financing activities
4,510

Net increase in cash and cash equivalents
55,019

Cash and cash equivalents at the end of year
55,019


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
55,019

55,019


The notes on pages 5 to 7 form part of these financial statements.

Page 4

 
ZAQ FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
1.2

Going concern

The financial statements have been prepared on the basis of accounting policies applicable to a going concern. This basis presumes that funds will be available to finance operations and that the realisation of assets and settlement of liabilities, contingent obligations and commitments will occur in the ordinary core of business.
The directors believe that the company has adequate financial resources to continue in operation for the foreseeable future and accordingly the financial statements have been prepared on a going concern basis. The directors have satisfied themselves that the company is in a sound financial position and that it has access to sufficient borrowing facilities to meet its foreseeable cash requirements. The directors are not aware of any new material changes that may adversely impact the company. The directors are also not aware of any material non-compliance with statutory or regulatory requirements or of any pending changes to legislation which may affect the company.

 
1.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 5

 
ZAQ FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies (continued)

 
1.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

Page 6

 
ZAQ FINANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.


Cash and cash equivalents

2023
£

Cash at bank and in hand
55,019

55,019



3.


Creditors: Amounts falling due within one year

2023
£

Corporation tax
3,798

3,798



4.


Creditors: Amounts falling due after more than one year

2023
£

Other loans
4,500

Accruals and deferred income
30,519

35,019



5.


Share capital

2023
£
Authorised, allotted, called up and fully paid


1,000 Ordinary shares shares of £0.01 each
10




 
Page 7