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REGISTERED NUMBER: 09916102 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Zephen Residential Limited

Zephen Residential Limited (Registered number: 09916102)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Zephen Residential Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C S J Cropper
Mrs E J Pickard





REGISTERED OFFICE: Zephen Office
Somerton Court Farm
Somerton
Somerset
TA11 7HP





REGISTERED NUMBER: 09916102 (England and Wales)

Zephen Residential Limited (Registered number: 09916102)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,400 7,203
Investment property 5 680,000 690,195
684,400 697,398

CURRENT ASSETS
Debtors 6 6,517 2,338
Cash at bank 320,329 236,491
326,846 238,829
CREDITORS
Amounts falling due within one year 7 955,369 899,639
NET CURRENT LIABILITIES (628,523 ) (660,810 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,877

36,588

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 54,877 35,588
55,877 36,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 6 August 2024 and were signed on its behalf by:





Mrs E J Pickard - Director


Zephen Residential Limited (Registered number: 09916102)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Zephen Residential 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.

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.

Going Concern - The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to adopt the going concern basis in preparing the financial statements.

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.
Fixtures and fittings - 25% on straight line basis

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.

3. EMPLOYEES AND DIRECTORS

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

Zephen Residential Limited (Registered number: 09916102)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 14,555
DEPRECIATION
At 1 May 2023 7,352
Charge for year 2,803
At 30 April 2024 10,155
NET BOOK VALUE
At 30 April 2024 4,400
At 30 April 2023 7,203

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 690,195
Revaluations (10,195 )
At 30 April 2024 680,000
NET BOOK VALUE
At 30 April 2024 680,000
At 30 April 2023 690,195

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 (10,195 )
Cost 690,195
680,000

The property portfolio has been valued by the directors, who are not professional valuers, and consider the value recognised in the accounts to be a fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 800
Other debtors 958 500
Prepayments and accrued income 5,559 1,038
6,517 2,338

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,365
Amounts owed to group undertak
ings 949,923 894,923
Accruals and deferred income 5,446 3,351
955,369 899,639

Zephen Residential Limited (Registered number: 09916102)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Zephen Properties Limited.