Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The principal activity of the company is of an investment company.2false2023-01-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11776558 2023-01-01 2023-12-31 11776558 2022-01-01 2022-12-31 11776558 2023-12-31 11776558 2022-12-31 11776558 c:Director1 2023-01-01 2023-12-31 11776558 d:CurrentFinancialInstruments 2023-12-31 11776558 d:CurrentFinancialInstruments 2022-12-31 11776558 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11776558 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11776558 d:ShareCapital 2023-12-31 11776558 d:ShareCapital 2022-12-31 11776558 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 11776558 d:RetainedEarningsAccumulatedLosses 2023-12-31 11776558 d:RetainedEarningsAccumulatedLosses 2022-12-31 11776558 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11776558 c:OrdinaryShareClass1 2023-12-31 11776558 c:FRS102 2023-01-01 2023-12-31 11776558 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11776558 c:FullAccounts 2023-01-01 2023-12-31 11776558 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11776558 6 2023-01-01 2023-12-31 11776558 2 2023-12-31 11776558 2 2022-12-31 11776558 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11776558














ZIMLIPS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
ZIMLIPS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
ZIMLIPS LTD
REGISTERED NUMBER:11776558

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
1,940,993
1,663,721

Current assets
  

Debtors: amounts falling due within one year
 6 
1,051
1,051

Cash at bank and in hand
  
90,797
8,168

  
91,848
9,219

  

Creditors: amounts falling due within one year
 7 
(1,528,344)
(1,337,136)

Net current liabilities
  
 
 
(1,436,496)
 
 
(1,327,917)

  

Net assets
  
504,497
335,804


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
 9 
504,496
335,803

  
504,497
335,804


Page 1

 
ZIMLIPS LTD
REGISTERED NUMBER:11776558
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2024.




C R Phillips
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ZIMLIPS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company's legal form is that of a unlimited company incorporated in the United Kingdom. The company's registered office is 2nd Floor Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, W1K 3NB.

The principal activity of the company is of an investment company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the assumption that the company is able to carry on business as a going concern. The directors, who are also shareholders, will continue to support the company by way of loans as necessary to enable it to continue trading for the forseeable future.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 
ZIMLIPS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in both listed and unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Taxation

Factors that may affect future tax charges

The company has tax losses of £7,971 to carry forward to offset against future trading profits.

Page 4

 
ZIMLIPS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 January 2023
1,663,721


Additions
1,393,353


Disposals
(1,147,849)


Revaluations
31,768



At 31 December 2023

1,940,993






Net book value



At 31 December 2023
1,940,993



At 31 December 2022
1,663,721


6.


Debtors

2023
2022
£
£


Prepayments and accrued income
1,051
1,051



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Taxation
-
5,640

Directors loan
1,522,824
1,326,396

Accruals
5,520
5,100

1,528,344
1,337,136


The loan from the directors is interest free and is repayable on demand.

Page 5

 
ZIMLIPS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



9.


Reserves

Profit and loss account

Included in profit and loss reserves are unrealised gains amounting to £19,172 (2022 - losses £64,529) which are not distributable.

 
Page 6