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REGISTERED NUMBER: 09876467 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

ZAVITAN LTD

ZAVITAN LTD (REGISTERED NUMBER: 09876467)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ZAVITAN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: MD Rand





REGISTERED OFFICE: 54 St Kildas Road
Stoke Newington
London
N16 5BX





REGISTERED NUMBER: 09876467 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

ZAVITAN LTD (REGISTERED NUMBER: 09876467)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,684,082 1,060,000

CURRENT ASSETS
Cash at bank 6,093 189,763

CREDITORS
Amounts falling due within one year 5 (340,442 ) (295,825 )
NET CURRENT LIABILITIES (334,349 ) (106,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,349,733

953,938

CREDITORS
Amounts falling due after more than one
year

6

(937,060

)

(559,609

)

PROVISIONS FOR LIABILITIES (56,454 ) (56,454 )
NET ASSETS 356,219 337,875

CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 240,672 240,672
Retained earnings 9 115,546 97,202
SHAREHOLDERS' FUNDS 356,219 337,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ZAVITAN LTD (REGISTERED NUMBER: 09876467)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 director and authorised for issue on 29 August 2024 and were signed by:





MD Rand - Director


ZAVITAN LTD (REGISTERED NUMBER: 09876467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Zavitan Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

ZAVITAN LTD (REGISTERED NUMBER: 09876467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,060,000
Additions 624,082
At 30 November 2023 1,684,082
NET BOOK VALUE
At 30 November 2023 1,684,082
At 30 November 2022 1,060,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2019 97,365
Valuation in 2020 199,761
Cost 1,386,956
1,684,082

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 5,483 2,417
Other creditors 333,586 292,185
Directors' current accounts 383 383
Accrued expenses 990 840
340,442 295,825

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans more 5 yrs non-inst 937,060 559,609

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 937,060 559,609

7. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 937,060 559,609

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

ZAVITAN LTD (REGISTERED NUMBER: 09876467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2022 97,202 240,672 337,874
Profit for the year 18,344 18,344
At 30 November 2023 115,546 240,672 356,218

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MD Rand.