Registered number
03887482
Zenya Limited
Filleted Accounts
31 December 2023
Zenya Limited
Registered number: 03887482
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 208 414
Investments 4 1,450,000 1,450,000
1,450,208 1,450,414
Current assets
Debtors 5 548,009 531,409
Cash at bank and in hand 268,066 152,700
816,075 684,109
Creditors: amounts falling due within one year 6 (458,957) (406,331)
Net current assets 357,118 277,778
Total assets less current liabilities 1,807,326 1,728,192
Provisions for liabilities (72,218) (38,280)
Net assets 1,735,108 1,689,912
Capital and reserves
Called up share capital 1 1
Fair Value Reserve 216,655 250,593
Profit and loss account 1,518,452 1,439,318
Shareholder's funds 1,735,108 1,689,912
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ronan Duffy Garry Kaxe
Director Director
Approved by the board on 16 September 2024
Zenya Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of rental services and is recognised in the accounting period in which the services are rendered and the outcome of the contract can be estimated reliably.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Straight Line
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 January 2023 17,679
At 31 December 2023 17,679
Depreciation
At 1 January 2023 17,265
Charge for the year 206
At 31 December 2023 17,471
Net book value
At 31 December 2023 208
At 31 December 2022 414
4 Investments
Other
investments
£
Valuation
At 1 January 2023 1,450,000
At 31 December 2023 1,450,000
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the director has a participating interest 548,009 531,409
The company made a loan to Florduf Limited, a related party and the balance owed in relation to this loan is detailed above.
6 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to connected parties (note 10) 166,425 157,503
Trade creditors 5,665 6,420
Corporation tax 24,087 18,385
Other taxes and social security costs 2,990 1,898
Other creditors 1,500 1,249
Directors loan account (note 9) 258,290 220,876
458,957 406,331
7 Events after the reporting date
There have been no events since the balance sheet date which would require the financial statements to be re-stated.
8 Contingent liabilities
As far as the directors are aware there are no contingent liabilities at 31st December 2023 not provided for in the accounts.
9 Loans repayable to directors
B/fwd Received Repaid C/fwd
£ £ £ £
Ronan Duffy 220,876 45,698 (8,284) 258,290
220,876 45,698 (8,284) 258,290
10 Related party transactions 2023 2022
£ £
The following amounts are due to other
connected parties
Rose Duffy 127,356 156,466
Barry Duffy 1,037 1,037
Freddie Duffy 10,066 -
Florence Duffy 13,927 -
Harriette Duffy 14,039 -
166,425 157,503
11 Controlling party
The Ultimate controlling party is Mr Ronan Duffy.
12 Other information
Zenya Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 High Street
Thatcham
England
RG19 3JG
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