14 November 2022 false No description of principal activity Taxfiler 2024.5 14483221business:PrivateLimitedCompanyLtd2022-11-142023-12-31 144832212022-11-13 144832212022-11-142023-12-31 14483221business:AuditExempt-NoAccountantsReport2022-11-142023-12-31 14483221business:FilletedAccounts2022-11-142023-12-31 144832212023-12-31 14483221business:Director12022-11-142023-12-31 14483221business:Director22022-11-142023-12-31 14483221business:RegisteredOffice2022-11-142023-12-31 14483221core:WithinOneYear2023-12-31 14483221core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14483221core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14483221core:PreviouslyStatedAmount2023-12-31 14483221business:SmallEntities2022-11-142023-12-31 14483221countries:EnglandWales2022-11-142023-12-31 14483221core:AdditionsToInvestments2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 14483221 (England and Wales)
WESTZANE HOLDING LIMITED Unaudited accounts for the period from 14 November 2022 to 31 December 2023
WESTZANE HOLDING LIMITED Unaudited accounts Contents
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WESTZANE HOLDING LIMITED Company Information for the period from 14 November 2022 to 31 December 2023
Directors
Jaimal Inder Singh Shergill Yu Sun
Company Number
14483221 (England and Wales)
Registered Office
VYMAN HOUSE 104 COLLEGE ROAD MIDDLESEX HA1 1BQ UNITED KINGDOM
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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WESTZANE HOLDING LIMITED Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Fixed assets
Investments
16,612,000 
Current assets
Cash at bank and in hand
39,884 
Creditors: amounts falling due within one year
(55,940)
Net current liabilities
(16,056)
Net assets
16,595,944 
Capital and reserves
Called up share capital
16,612,100 
Profit and loss account
(16,156)
Shareholders' funds
16,595,944 
For the period ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2024 and were signed on its behalf by
Yu Sun Director Company Registration No. 14483221
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WESTZANE HOLDING LIMITED Notes to the Accounts for the period from 14 November 2022 to 31 December 2023
1
Statutory information
WESTZANE HOLDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14483221. The registered office is VYMAN HOUSE, 104 COLLEGE ROAD, MIDDLESEX, HA1 1BQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investments
Investments in shares are included at fair value.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investments
Other investments 
£ 
Valuation at 14 November 2022
- 
Additions
16,612,000 
Valuation at 31 December 2023
16,612,000 
The investment in the balance sheet was initially made in the shares of West Zane Bank Limited (Formerly known as Micro Capitals Bank) on 14th December 2022 . An investment of $20 Million was made for 19,501,276 Shares @ 1 Euro each.
5
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
55,340 
Accruals
600 
55,940 
6
Average number of employees
During the period the average number of employees was 0.
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