Registered number
13088530
ZEST PROPERTY RENTALS LTD
Filleted Accounts
31 December 2023
ZEST PROPERTY RENTALS LTD
Registered number: 13088530
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 458,841 461,455
Current assets
Cash at bank and in hand 10,557 3,635
Creditors: amounts falling due within one year 4 (239,263) (238,529)
Net current liabilities (228,706) (234,894)
Total assets less current liabilities 230,135 226,561
Creditors: amounts falling due after more than one year 5 (259,980) (259,980)
Net liabilities (29,845) (33,419)
Capital and reserves
Called up share capital 100 100
Profit and loss account (29,945) (33,519)
Shareholders' funds (29,845) (33,419)
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 members have 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.
L Harman
Director
Approved by the board on 24 September 2024
ZEST PROPERTY RENTALS 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 451,000 13,940 464,940
At 31 December 2023 451,000 13,940 464,940
Depreciation
At 1 January 2023 - 3,485 3,485
Charge for the year - 2,614 2,614
At 31 December 2023 - 6,099 6,099
Net book value
At 31 December 2023 451,000 7,841 458,841
At 31 December 2022 451,000 10,455 461,455
4 Creditors: amounts falling due within one year 2023 2022
£ £
Directors Loan Account 49,943 49,209
Accruals 300 300
Other creditors 189,020 189,020
239,263 238,529
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 259,980 259,980
6 Other information
ZEST PROPERTY RENTALS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Raydean House
15 Western Parade
Barnet
Herts
EN5 1AH
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