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Registration number: 9143369

Zenko Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Zenko Properties Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 9

 

Zenko Properties Limited

Company Information

Directors

Mr Tobias Duczenko

Mrs Hannah Rose Duczenko

Registered office

Ground Floor
Graphical House
2 Wharf Street
Leeds
LS2 7EQ

Accountants

Fullertons Limited
Chartered Certified Accountants
Manchester House
50A Oxford Road
Guiseley
Leeds
LS20 8AB

 

Zenko Properties Limited

(Registration number: 9143369)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,858

8,226

Current assets

 

Debtors

5

252,606

191,928

Cash at bank and in hand

 

372,481

264,069

 

625,087

455,997

Creditors: Amounts falling due within one year

6

(134,690)

(89,891)

Net current assets

 

490,397

366,106

Total assets less current liabilities

 

502,255

374,332

Provisions for liabilities

(2,964)

(2,056)

Net assets

 

499,291

372,276

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

499,290

372,275

Shareholders' funds

 

499,291

372,276

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 August 2024 and signed on its behalf by:
 

 

Zenko Properties Limited

(Registration number: 9143369)
Balance Sheet as at 31 March 2024

.........................................
Mr Tobias Duczenko
Director

 

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ground Floor
Graphical House
2 Wharf Street
Leeds
LS2 7EQ

These financial statements were authorised for issue by the Board on 15 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% on net book value

Motor vehicles

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 6).

 

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

23,268

23,268

Additions

7,585

7,585

At 31 March 2024

30,853

30,853

Depreciation

At 1 April 2023

15,042

15,042

Charge for the year

3,953

3,953

At 31 March 2024

18,995

18,995

Carrying amount

At 31 March 2024

11,858

11,858

At 31 March 2023

8,226

8,226

5

Debtors

Current

2024
£

2023
£

Trade debtors

23,352

16,855

Other debtors

229,254

175,073

 

252,606

191,928

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

139

5,791

Taxation and social security

116,392

81,825

Accruals and deferred income

2,434

2,150

Other creditors

15,725

125

134,690

89,891

 

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Mr Tobias Duczenko

Directors loan account

5,876

331

(6,000)

207

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr Tobias Duczenko

Directors loan account

(249)

7,125

(1,000)

5,876

Summary of transactions with entities with joint control or significant interest

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

162,127

162,127

Advanced

37,300

37,300

At end of period

199,427

199,427

 

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

2023

Entities with joint control or significant influence
£

Total
£

At start of period

115,627

115,627

Advanced

46,500

46,500

At end of period

162,127

162,127

Terms of loans to related parties

Loans to entities with joint control or influence consist of money due from Zenko Rental Properties Limited in the amount of £43,230 (2023 : £43,230) and Zenko Properties Ilkley Limited in the amount of £156,197 (2023 : £118,897). Mr T Duczenko and Mrs H Duczenko are both directors of Zenko Rental Properties Limited and Mr T Duczenko is the sole director of Zenko Properties Ilkley Limited. These loans are interest free and repayable on demand.