ZCJ Investments Limited 09332821 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is letting of investment property. Digita Accounts Production Advanced 6.30.9574.0 true true 09332821 2023-04-01 2024-03-31 09332821 2024-03-31 09332821 bus:OrdinaryShareClass1 2024-03-31 09332821 bus:OrdinaryShareClass2 2024-03-31 09332821 bus:OrdinaryShareClass3 2024-03-31 09332821 bus:OrdinaryShareClass4 2024-03-31 09332821 bus:OrdinaryShareClass5 2024-03-31 09332821 core:OtherReservesSubtotal 2024-03-31 09332821 core:RetainedEarningsAccumulatedLosses 2024-03-31 09332821 core:ShareCapital 2024-03-31 09332821 core:SharePremium 2024-03-31 09332821 core:CurrentFinancialInstruments 2024-03-31 09332821 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09332821 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09332821 core:FurnitureFittingsToolsEquipment 2024-03-31 09332821 bus:SmallEntities 2023-04-01 2024-03-31 09332821 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09332821 bus:FullAccounts 2023-04-01 2024-03-31 09332821 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09332821 bus:RegisteredOffice 2023-04-01 2024-03-31 09332821 bus:Director1 2023-04-01 2024-03-31 09332821 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09332821 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 09332821 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 09332821 bus:OrdinaryShareClass4 2023-04-01 2024-03-31 09332821 bus:OrdinaryShareClass5 2023-04-01 2024-03-31 09332821 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09332821 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09332821 core:PlantMachinery 2023-04-01 2024-03-31 09332821 countries:EnglandWales 2023-04-01 2024-03-31 09332821 2023-03-31 09332821 core:FurnitureFittingsToolsEquipment 2023-03-31 09332821 2022-04-01 2023-03-31 09332821 2023-03-31 09332821 bus:OrdinaryShareClass1 2023-03-31 09332821 bus:OrdinaryShareClass2 2023-03-31 09332821 bus:OrdinaryShareClass3 2023-03-31 09332821 bus:OrdinaryShareClass4 2023-03-31 09332821 bus:OrdinaryShareClass5 2023-03-31 09332821 core:OtherReservesSubtotal 2023-03-31 09332821 core:RetainedEarningsAccumulatedLosses 2023-03-31 09332821 core:ShareCapital 2023-03-31 09332821 core:SharePremium 2023-03-31 09332821 core:CurrentFinancialInstruments 2023-03-31 09332821 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09332821 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09332821 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09332821

ZCJ Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

ZCJ Investments Limited

(Registration number: 09332821)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,655

3,931

Investment property

5

7,200,000

6,530,000

Other financial assets

6

1,244,798

998,114

 

8,447,453

7,532,045

Current assets

 

Debtors

7

2,363

1,606

Cash at bank and in hand

 

4,006

331,055

 

6,369

332,661

Creditors: Amounts falling due within one year

8

(2,749,798)

(2,902,421)

Net current liabilities

 

(2,743,429)

(2,569,760)

Total assets less current liabilities

 

5,704,024

4,962,285

Creditors: Amounts falling due after more than one year

8

(4,045,425)

(4,051,285)

Provisions for liabilities

(267,921)

(90,726)

Net assets

 

1,390,678

820,274

Capital and reserves

 

Called up share capital

9

200

200

Share premium reserve

419,900

419,900

Other reserves

895,820

391,386

Profit and loss account

74,758

8,788

Shareholders' funds

 

1,390,678

820,274

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 August 2024 and signed on its behalf by:
 


 

Mr Z. C. J. Vazquez
Director

 

ZCJ Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
Woburn House
84 St. Benedicts Street
Norwich
Norfolk
NR2 4AB

2

Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

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

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax policies

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

ZCJ Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% straight line

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Investments

Investments in shares are measured at market value, with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants and letting agents for rent receivable and other associated letting fees in the ordinary course of the business.

Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

 

ZCJ Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Plant and equipment
 £

Total
£

Cost

At 1 April 2023

6,855

6,855

Additions

667

667

Disposals

(410)

(410)

At 31 March 2024

7,112

7,112

Depreciation

At 1 April 2023

2,924

2,924

Charge for the year

1,670

1,670

Eliminated on disposal

(137)

(137)

At 31 March 2024

4,457

4,457

Net book value

At 31 March 2024

2,655

2,655

At 31 March 2023

3,931

3,931

5

Investment property

2024
£

2023
£

At 1 April

6,530,000

6,530,000

Fair value adjustments

670,000

-

At 31 March

7,200,000

6,530,000

The properties were valued by the directors at their market value using current market data for similar properties in the same areas.

6

Other financial investments

Non-current financial investments
£

Total
£

At 1 April 2023

998,114

998,114

Additions

218,980

218,980

Fair value adjustments

28,260

28,260

Disposals

(556)

(556)

At 31 March 2024

1,244,798

1,244,798

 

ZCJ Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Debtors

2024
£

2023
£

Other debtors

890

595

Prepayments

1,473

1,011

2,363

1,606

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Bank loans

5,728

5,583

Trade creditors

162

2,459

Taxation and social security

-

323

Other creditors

18,660

42,632

Other loans

2,677,513

2,730,829

Accruals

47,735

120,595

2,749,798

2,902,421

Creditors include bank loans which are secured against the assets of the company in the sum of £5,728 (2023 - £5,583).

Creditors: amounts falling due after more than one year

2024
£

2023
£

Bank loans

4,045,425

4,051,285

4,045,425

4,051,285

Creditors include bank loans which are secured against the assets of the company by fixed, floating and negative charges and the properties that the loans relate to in the sum of £4,045,425 (2023 - £4,051,285). Included in this amount is £3,021,030 (2023 - £4,027,505) of which £8,110 (2023 - £14,585) is repayable by instalments after more than five years and £3,012,920 (2023 - £4,012,920) is repayable other than by instalments after more than five years.

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A Shares of £1 each

60

60

60

60

Ordinary B Shares of £1 each

26

26

26

26

Ordinary C Shares of £1 each

7

7

7

7

Ordinary D Shares of £1 each

7

7

7

7

Ordinary E Shares of £1 each

100

100

100

100

 

200

200

200

200

 

ZCJ Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

10

Related party transactions

Directors’ loan

The directors provided the company with a loan on which interest was charged at a market rate.