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REGISTERED NUMBER: 10034836 (England and Wales)










ZIP HALL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






ZIP HALL LIMITED (REGISTERED NUMBER: 10034836)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 5


ZIP HALL LIMITED (REGISTERED NUMBER: 10034836)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 273,164 266,194
Investment property 5 1,093,188 998,524
1,366,352 1,264,718

CURRENT ASSETS
Debtors 6 20,205 20,676
Cash at bank 4,561 15,031
24,766 35,707
CREDITORS
Amounts falling due within one year 7 133,567 126,567
NET CURRENT LIABILITIES (108,801 ) (90,860 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,257,551 1,173,858

CREDITORS
Amounts falling due after more than one year 8 1,137,637 1,060,637
NET ASSETS 119,914 113,221

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 70,623 86,275
Retained earnings 48,291 25,946
SHAREHOLDERS' FUNDS 119,914 113,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

ZIP HALL LIMITED (REGISTERED NUMBER: 10034836)

BALANCE SHEET - continued
31ST MARCH 2024


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 28th June 2024 and were signed on its behalf by:





A E Button - Director


ZIP HALL LIMITED (REGISTERED NUMBER: 10034836)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Zip Hall Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10034836

Registered office: Zip Hall
Cross Green Garth
Leeds
LS9 0SF

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer Equipment33% straight line
Plant and machinery20% straight line
Fixtures and fittings20% straight line

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ZIP HALL LIMITED (REGISTERED NUMBER: 10034836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1st April 2023 528,722
Additions 62,380
Disposals (26,437 )
At 31st March 2024 564,665
DEPRECIATION
At 1st April 2023 262,528
Charge for year 49,691
Eliminated on disposal (20,718 )
At 31st March 2024 291,501
NET BOOK VALUE
At 31st March 2024 273,164
At 31st March 2023 266,194

Cost or valuation at 31st March 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2020 217,120
Valuation in 2022 13,402
Cost 334,143
564,665

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 998,524
Additions 94,664
At 31st March 2024 1,093,188
NET BOOK VALUE
At 31st March 2024 1,093,188
At 31st March 2023 998,524

In the opinion of the directors this valuation fairly represents the open market value at 31st March 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,205 20,676

ZIP HALL LIMITED (REGISTERED NUMBER: 10034836)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,061 781
Amounts owed to group undertakings 126,475 120,033
Taxation and social security 3,941 3,853
Other creditors 2,090 1,900
133,567 126,567

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,137,637 1,060,637

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Revaluation
reserve
£   
At 1st April 2023 86,275
Excess depreciation transfer (15,652 )

At 31st March 2024 70,623