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REGISTERED NUMBER: 08567672 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ZENTHIS LIMITED

ZENTHIS LIMITED (REGISTERED NUMBER: 08567672)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ZENTHIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: S Millidge
J E Millidge





SECRETARY: J E Millidge





REGISTERED OFFICE: Malvern Hills Science Park
Geraldine Road
Malvern
Worcestershire
WR14 3SZ





REGISTERED NUMBER: 08567672 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

ZENTHIS LIMITED (REGISTERED NUMBER: 08567672)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Investments 4 5,347 5,347

CURRENT ASSETS
Debtors 5 40,314 120
Cash at bank 2,466,064 1,867,342
2,506,378 1,867,462
CREDITORS
Amounts falling due within one year 6 (23,935 ) (17,949 )
NET CURRENT ASSETS 2,482,443 1,849,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,487,790

1,854,860

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,486,790 1,853,860
SHAREHOLDERS' FUNDS 2,487,790 1,854,860

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





S Millidge - Director


ZENTHIS LIMITED (REGISTERED NUMBER: 08567672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Zenthis 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 as modified by the revaluation of certain assets.

The directors consider that in preparing the financial statements hey have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantially enacted at the balance sheet date

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 November 2022
and 31 October 2023 5,347
NET BOOK VALUE
At 31 October 2023 5,347
At 31 October 2022 5,347

ZENTHIS LIMITED (REGISTERED NUMBER: 08567672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 35,360 -
Other debtors 4,954 120
40,314 120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 21,360 540
Taxation and social security - 15,459
Other creditors 2,575 1,950
23,935 17,949

7. SHARE BASED PAYMENTS

The company has in place a stock option plan for the employees of the company to participate in.

The options vest over a 5 year period and have a life of 10 years, after which time they lapse.

At 31 October 2023 there were 10 (2022: 10) options outstanding, with an exercise price of £150 per share option. The cumulative charge to date on these options is £12,000 (2022: £11,925). This amount has not been included in the financial statements as in the opinion of the directors, it is not material.