IRIS Accounts Production v24.1.9.2 06842354 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068423542022-12-31068423542023-12-31068423542023-01-012023-12-31068423542021-12-31068423542022-01-012022-12-31068423542022-12-3106842354ns15:EnglandWales2023-01-012023-12-3106842354ns14:PoundSterling2023-01-012023-12-3106842354ns10:Director12023-01-012023-12-3106842354ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106842354ns10:SmallEntities2023-01-012023-12-3106842354ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106842354ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106842354ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106842354ns10:FullAccounts2023-01-012023-12-3106842354ns10:CompanySecretary12023-01-012023-12-3106842354ns10:RegisteredOffice2023-01-012023-12-3106842354ns5:CurrentFinancialInstruments2023-12-3106842354ns5:CurrentFinancialInstruments2022-12-3106842354ns5:ShareCapital2023-12-3106842354ns5:ShareCapital2022-12-3106842354ns5:SharePremium2023-12-3106842354ns5:SharePremium2022-12-3106842354ns5:RetainedEarningsAccumulatedLosses2023-12-3106842354ns5:RetainedEarningsAccumulatedLosses2022-12-3106842354ns5:LeaseholdImprovements2023-01-012023-12-3106842354ns5:FurnitureFittings2023-01-012023-12-3106842354ns5:ComputerEquipment2023-01-012023-12-3106842354ns5:LeaseholdImprovements2022-12-3106842354ns5:FurnitureFittings2022-12-3106842354ns5:ComputerEquipment2022-12-3106842354ns5:LeaseholdImprovements2023-12-3106842354ns5:FurnitureFittings2023-12-3106842354ns5:ComputerEquipment2023-12-3106842354ns5:LeaseholdImprovements2022-12-3106842354ns5:FurnitureFittings2022-12-3106842354ns5:ComputerEquipment2022-12-3106842354ns5:AdditionsToInvestments2023-12-3106842354ns5:CostValuation2023-12-3106842354ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106842354ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 06842354 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Zenith Management Limited

Zenith Management Limited (Registered number: 06842354)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Zenith Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr James McDermott





SECRETARY: Mr James McDermott





REGISTERED OFFICE: NQ Building
1st Floor
47 Bengal Street
Manchester
M4 6BB





REGISTERED NUMBER: 06842354 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

Zenith Management Limited (Registered number: 06842354)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151,908 171,402
Investments 5 100 -
152,008 171,402

CURRENT ASSETS
Debtors 6 2,802,337 2,682,364
Cash at bank 1,785,297 359,421
4,587,634 3,041,785
CREDITORS
Amounts falling due within one year 7 1,513,231 777,491
NET CURRENT ASSETS 3,074,403 2,264,294
TOTAL ASSETS LESS CURRENT LIABILITIES 3,226,411 2,435,696

PROVISIONS FOR LIABILITIES 13,167 15,126
NET ASSETS 3,213,244 2,420,570

CAPITAL AND RESERVES
Called up share capital 1,063 1,063
Share premium 69,300 69,300
Retained earnings 3,142,881 2,350,207
SHAREHOLDERS' FUNDS 3,213,244 2,420,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 19 July 2024 and were signed by:





Mr James McDermott - Director


Zenith Management Limited (Registered number: 06842354)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Zenith Management 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.

Turnover
Turnover represents the charges in respect of properties managed by the company as the agent in addition to other costs re-charged.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 191 (2022 - 178 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 155,444 111,644 110,619 377,707
Additions - - 12,657 12,657
Disposals - - (56,749 ) (56,749 )
At 31 December 2023 155,444 111,644 66,527 333,615
DEPRECIATION
At 1 January 2023 63,656 60,705 81,944 206,305
Charge for year 9,179 7,641 12,807 29,627
Eliminated on disposal - - (54,225 ) (54,225 )
At 31 December 2023 72,835 68,346 40,526 181,707
NET BOOK VALUE
At 31 December 2023 82,609 43,298 26,001 151,908
At 31 December 2022 91,788 50,939 28,675 171,402

Zenith Management Limited (Registered number: 06842354)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,486,604 2,128,924
Other debtors 315,733 553,440
2,802,337 2,682,364

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 189,207 152,485
Taxation and social security 721,818 569,611
Other creditors 602,206 55,395
1,513,231 777,491

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr D McKillop.