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REGISTERED NUMBER: 09133879 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ZURICH DEVELOPMENTS LIMITED

ZURICH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09133879)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZURICH DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: L G Clarke
Ms S E Parrott





REGISTERED OFFICE: 25-29 Sandy Way
Yeadon
Leeds
LS19 7EW





REGISTERED NUMBER: 09133879 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

ZURICH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09133879)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 518 773
Investments 5 6,737 -
7,255 773

CURRENT ASSETS
Stocks 662,000 662,000
Cash at bank 283,572 32
945,572 662,032
CREDITORS
Amounts falling due within one year 6 899,406 692,156
NET CURRENT ASSETS/(LIABILITIES) 46,166 (30,124 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,421

(29,351

)

CREDITORS
Amounts falling due after more than one
year

7

3,097,383

1,791,161
NET LIABILITIES (3,043,962 ) (1,820,512 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (3,044,062 ) (1,820,612 )
(3,043,962 ) (1,820,512 )

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

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

ZURICH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09133879)

BALANCE SHEET - continued
31 July 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:




L G Clarke - Director



Ms S E Parrott - Director


ZURICH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09133879)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Zurich Developments 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

ZURICH DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09133879)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 1,723
DEPRECIATION
At 1 August 2022 950
Charge for year 255
At 31 July 2023 1,205
NET BOOK VALUE
At 31 July 2023 518
At 31 July 2022 773

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 6,737
At 31 July 2023 6,737
NET BOOK VALUE
At 31 July 2023 6,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 899,406 692,156

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 3,097,383 1,791,161