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REGISTERED NUMBER: 09288132 (England and Wales)











ZINKIN DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






ZINKIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09288132)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ZINKIN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: S J Treacy
Miss R K S Zinkin





REGISTERED OFFICE: 21 Bird In Bush Road
London
SE15 6RN





REGISTERED NUMBER: 09288132 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

ZINKIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09288132)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 159 212
Investment property 5 900,000 850,000
900,159 850,212

CURRENT ASSETS
Debtors 6 6,782 2,013
Cash at bank 19,309 17,411
26,091 19,424
CREDITORS
Amounts falling due within one year 7 347,523 321,565
NET CURRENT LIABILITIES (321,432 ) (302,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

578,727

548,071

CREDITORS
Amounts falling due after more than
one year

8

(532,084

)

(532,103

)

PROVISIONS FOR LIABILITIES (6,263 ) (415 )
NET ASSETS 40,380 15,553

CAPITAL AND RESERVES
Called up share capital 10 2 2
Non-distributable retained earnings 11 99,932 55,780
Retained earnings (59,554 ) (40,229 )
SHAREHOLDERS' FUNDS 40,380 15,553

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

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

ZINKIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09288132)

BALANCE SHEET - continued
31ST OCTOBER 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 26th July 2024 and were signed on its behalf by:





Miss R K S Zinkin - Director


ZINKIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09288132)

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


1. STATUTORY INFORMATION

Zinkin 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

ZINKIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09288132)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st November 2022
and 31st October 2023 2,121
DEPRECIATION
At 1st November 2022 1,909
Charge for year 53
At 31st October 2023 1,962
NET BOOK VALUE
At 31st October 2023 159
At 31st October 2022 212

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 850,000
Movement in fair value 50,000
At 31st October 2023 900,000
NET BOOK VALUE
At 31st October 2023 900,000
At 31st October 2022 850,000

The directors carried out an assessment on the valuation of the investment property and concluded that the current market value is £900,000.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 6,782 2,013

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 347,523 321,565

ZINKIN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09288132)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 532,084 532,103

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 532,084 532,103

The above liability is secured by a charge on the investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Non-distri
retained
earnings
£   
At 1st November 2022 55,780
Transfer between reserves 44,152

At 31st October 2023 99,932