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REGISTERED NUMBER: 09380324 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Zest11 Limited

Zest11 Limited (Registered number: 09380324)






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


Zest11 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ms M Gilli





SECRETARY:





REGISTERED OFFICE: 3rd Floor
207 Regent Street
London
W1B 3HH





REGISTERED NUMBER: 09380324 (England and Wales)





ACCOUNTANTS: Brookstone Accountancy Limited
3rd Floor
207 Regent Street
London
W1B 3HH

Zest11 Limited (Registered number: 09380324)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,009 1,076
Investments 5 178,792 167,855
179,801 168,931

CURRENT ASSETS
Debtors 6 199,266 275,695
Cash at bank 465,313 438,973
664,579 714,668
CREDITORS
Amounts falling due within one year 7 36,415 54,234
NET CURRENT ASSETS 628,164 660,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

807,965

829,365

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Retained earnings 805,965 827,365
SHAREHOLDERS' FUNDS 807,965 829,365

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 her 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 12 September 2024 and were signed by:





Ms M Gilli - Director


Zest11 Limited (Registered number: 09380324)

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

1. STATUTORY INFORMATION

Zest11 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.

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.
Computer equipment - 25% on cost

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.

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 1 (2022 - 1 ) .

Zest11 Limited (Registered number: 09380324)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 2,985
Additions 1,076
Disposals (2,985 )
At 31 December 2023 1,076
DEPRECIATION
At 1 January 2023 1,909
Charge for year 67
Eliminated on disposal (1,909 )
At 31 December 2023 67
NET BOOK VALUE
At 31 December 2023 1,009
At 31 December 2022 1,076

5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 January 2023 167,855
Revaluations 10,937
At 31 December 2023 178,792
NET BOOK VALUE
At 31 December 2023 178,792
At 31 December 2022 167,855

Cost or valuation at 31 December 2023 is represented by:

Listed
investments
£   
Valuation in 2018 140,043
Valuation in 2019 18,331
Valuation in 2020 11,301
Valuation in 2021 20,307
Valuation in 2022 (22,127 )
Valuation in 0 10,937
178,792

If fixed assets investments had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 151,791 151,791

Fixed asset investments were valued on an open market basis on 31 December 2023 by the company's Financial Advisors .

Zest11 Limited (Registered number: 09380324)

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

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 128,000 119,745
Amounts owed by associates 42,720 -
Directors' loan accounts - 7,739
Prepayments and accrued income 26,546 146,211
197,266 273,695

Amounts falling due after more than one year:
Called up share capital not paid 2,000 2,000

Aggregate amounts 199,266 275,695

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,241 269
Tax 29,125 52,624
Social security and other taxes 32 32
VAT 5,017 309
Accrued expenses 1,000 1,000
36,415 54,234

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2,000 Ordinary £ 1 2,000 2,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Ms M Gilli
Balance outstanding at start of year 7,739 -
Amounts advanced - 7,739
Amounts repaid (7,739 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 7,739

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M Gilli.