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Registered number: 10992653
Zeon Homes Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 10992653
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 290,303 290,303
290,303 290,303
CURRENT ASSETS
Cash at bank and in hand 5,795 7,771
5,795 7,771
NET CURRENT ASSETS (LIABILITIES) 5,795 7,771
TOTAL ASSETS LESS CURRENT LIABILITIES 296,098 298,074
Creditors: Amounts Falling Due After More Than One Year 5 (321,685 ) (320,841 )
NET LIABILITIES (25,587 ) (22,767 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (25,687 ) (22,867 )
SHAREHOLDERS' FUNDS (25,587) (22,767)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr George Pirintji
Director
17/04/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Zeon Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10992653 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
2 2
4. Investment Property
2023
£
Fair Value
As at 1 November 2022 and 31 October 2023 290,303
5. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 210,315 210,116
Directors loan account 111,370 110,725
321,685 320,841
Page 2
Page 3
6. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 210,315 210,116
7. Share Capital
2023 2022
Allotted, called up and fully paid £ £
50 Ordinary A shares of £ 1.000 each 50 50
50 Ordinary B shares of £ 1.000 each 50 50
100 100
8. Controlling Party
Due to the company's structure, there is no ultimate controlling party.
Page 3