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REGISTERED NUMBER: 09137942 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

ZENITH PARK DEVELOPMENTS
LIMITED

ZENITH PARK DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09137942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZENITH PARK DEVELOPMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr R I Watson
Mr A Joshi
Mr A Ainsworth



REGISTERED OFFICE: 12 Victoria Road
Barnsley
S70 2BB



REGISTERED NUMBER: 09137942 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Santander
3 Queen Street
Barnsley
South Yorkshire
S70 1RJ

ZENITH PARK DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09137942)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 374 498

CURRENT ASSETS
Stocks 5 1,729,467 1,321,301
Debtors 6 - 20,027
Cash at bank 46,020 33,118
1,775,487 1,374,446
CREDITORS
Amounts falling due within one year 7 1,608,426 1,227,341
NET CURRENT ASSETS 167,061 147,105
TOTAL ASSETS LESS CURRENT LIABILITIES 167,435 147,603

CREDITORS
Amounts falling due after more than
one year

8

6,810

16,771
NET ASSETS 160,625 130,832

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 160,505 130,712
SHAREHOLDERS' FUNDS 160,625 130,832

ZENITH PARK DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09137942)

BALANCE SHEET - continued
31 JULY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr A Ainsworth - Director


ZENITH PARK DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09137942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Zenith Park Developments 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer equipment - 25% reducing balance

ZENITH PARK DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09137942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ZENITH PARK DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09137942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023
and 31 July 2024 678
DEPRECIATION
At 1 August 2023 180
Charge for year 124
At 31 July 2024 304
NET BOOK VALUE
At 31 July 2024 374
At 31 July 2023 498

5. STOCKS
31.7.24 31.7.23
£    £   
Development property stock 1,729,467 1,321,301

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors - 15,870
VAT - 4,157
- 20,027

ZENITH PARK DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09137942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,800 10,800
Trade creditors 2,693 52,434
Corporation tax 7,018 1,987
VAT 8,835 -
Other creditors 1,366,800 950,000
Directors' current accounts 209,980 210,020
Accruals and deferred income 2,300 2,100
1,608,426 1,227,341

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - more than 1 year 6,810 16,771

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
20 A Ordinary £1 20 20
40 B Ordinary £1 40 40
20 C Ordinary £1 20 20
20 D Ordinary £1 20 20
20 E Ordinary £1 20 20
120 120