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Registration number: 11920125

Zing 365 Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

Pages for filing with Registrar

 

Zing 365 Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Zing 365 Holdings Limited

Company Information

Directors

A P Fairchild

F A Burgess

J C Read

Company secretary

E Baldwin

Registered office

Redcliff Quay
Redcliff Street
Bristol
BS1 6HU

Registered number

11920125

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Zing 365 Holdings Limited

(Registration number: 11920125)
Balance Sheet as at 30 April 2024

Note

2024
£

(As restated)
2023
£

Fixed assets

 

Investments

5

100

100

Current assets

 

Debtors

6

635,531

106,546

Creditors: Amounts falling due within one year

7

(1,250)

(1,526,431)

Net current assets/(liabilities)

 

634,281

(1,419,885)

Net assets/(liabilities)

 

634,381

(1,419,785)

Capital and reserves

 

Called up share capital

8

1,039,216

81

Profit and loss account

(404,835)

(1,419,866)

Total equity

 

634,381

(1,419,785)

 

Zing 365 Holdings Limited

(Registration number: 11920125)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 17 September 2024 and signed on its behalf by:
 

.........................................

F A Burgess
Director

 

Zing 365 Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

Statutory information

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

The address of its registered office is:
Redcliff Quay
Redcliff Street
Bristol
BS1 6HU

2

Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Zing 365 Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

3

Staff numbers

The average number of persons employed by the company (other than directors) during the year, was 0 (2023 - 0). No director received remuneration in respect of these services to company in the year (2023: £Nil).

4

Prior year adjustment

The company's results for the year ended 30 April 2023 have been restated from the results previously reported. The adjustment is to recognise the investment in a subsidiary company.

The overall impact on the financial statements for the year ended 30 April 2023 is as follows:

Increase investments in subsidiaries by £100
Decrease debtors by £100

5

Investments

2024
£

(As restated)
2023
£

Investments in subsidiaries

100

100

The investment represents a 100% shareholding in Zing 365 Limited, being 100 £1 shares.

 

Zing 365 Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors: amounts falling due within one year

2024
£

(As restated)
2023
£

Amounts owed by group undertakings

635,457

106,472

Other debtors

74

74

635,531

106,546

7

Creditors

2024
£

2023
£

Amounts falling due within one year

Amounts owed to group undertakings

-

1,526,431

Accruals

1,250

-

1,250

1,526,431

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.01 each

103,921,553

1,039,215.53

8,100

81.00

         

During the year, 103,913,453 shares with an aggregate nominal value of £1,039,135 were issued at par.