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