Zafraj Investments Ltd
Data not obtained from trial balance
Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
Units (eg £ or £000) £ include a trailing space
Company registration number 11711147
Date
Approval date of the accounts by the board 17/09/2024
Date
Date of signing on the audit/accountants report 17/09/2024
Date of engagement letter (required for Date
CA and ACCA reports) 15/02/2019
Person signing directors' report:
Name of director J Ogubunka
Or, name of secretary
Name of director signing balance sheet J Ogubunka
Address of registered office:
Address line 1 71-75 Shelton Street
Address line 2 London
City or town
County or region
Postcode WC2H 9JQ
Name of senior statutory auditor
Name of auditors/accountants Bennic Ltd
Type of firm (eg Chartered Accountants) Chartered Certified Accountants
Address of auditors/accountants
Address line 1 Selby Centre
Address line 2 Selby Road
City or town Tottenham
County or region London
Postcode N17 8JL
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company - -
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
11711147
Zafraj Investments Ltd
Filleted Accounts
31 December 2023
Zafraj Investments Ltd
Registered number: 11711147
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 4 - -
Tangible assets 3 - -
Investments 3 1,000,000 1,000,000
1,000,000 1,000,000
Current assets
Stocks - -
Debtors 5 - -
Investments held as current assets 8 - -
Cash at bank and in hand 3,375 8,097
3,375 8,097
Creditors: amounts falling due within one year 4 (27,461) (13,098)
Net current liabilities (24,086) (5,001)
Total assets less current liabilities 975,914 994,999
Creditors: amounts falling due after more than one year 5 (943,745) (965,113)
Provisions for liabilities - -
Net assets 32,169 29,886
Capital and reserves
Called up share capital 100 100
Share premium - -
Revaluation reserve 6 107,332 107,332
Profit and loss account (75,263) (77,546)
Shareholder's funds 32,169 29,886
The director is 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 director acknowledges his 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.
J Ogubunka
Director
Approved by the board on 17 September 2024
Zafraj Investments Ltd
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 0 0
3 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 January 2023 - 1,000,000 1,000,000
Additions - - -
Revaluation - - -
Disposals - - -
At 31 December 2023 - 1,000,000 1,000,000
Historical cost
At 1 January 2023 - -
At 31 December 2023 - -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 535 -
Other creditors 26,926 13,098
27,461 13,098
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 624,225 624,225
Other creditors 319,520 340,888
943,745 965,113
6 Revaluation reserve 2023 2022
£ £
At 1 January 2023 107,332 107,332
At 31 December 2023 107,332 107,332
7 Controlling party
The controlling party is J I Ogubunka
8 Other information
Zafraj Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
London
WC2H 9JQ
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