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Registered number: 11421919
Chamberlayne 81 Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ZA LTD
FMAAT AND FFA
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—7
Page 1
Accountants' Report
Report of the Accountant to the director of Chamberlayne 81 Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
ZA Limited
10/10/2024
ZA LTD
FMAAT AND FFA
Page 1
Page 2
Balance Sheet
Registered number: 11421919
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,153 18,234
Investment Properties 5 1,686,813 1,686,813
1,731,966 1,705,047
CURRENT ASSETS
Debtors 6 - 514
Cash at bank and in hand 5,258 2,058
5,258 2,572
Creditors: Amounts Falling Due Within One Year 7 (98,021 ) (89,810 )
NET CURRENT ASSETS (LIABILITIES) (92,763 ) (87,238 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,639,203 1,617,809
Creditors: Amounts Falling Due After More Than One Year 8 (1,600,000 ) (1,600,000 )
NET ASSETS 39,203 17,809
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 39,103 17,709
SHAREHOLDERS' FUNDS 39,203 17,809
Page 2
Page 3
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Saif Al Ghanemi
Director
10/10/2024
The notes on pages 5 to 7 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 100 17,681 17,781
Profit for the year and total comprehensive income - 25,028 25,028
Dividends paid - (25,000) (25,000)
As at 31 March 2023 and 1 April 2023 100 17,709 17,809
Profit for the year and total comprehensive income - 41,394 41,394
Dividends paid - (20,000) (20,000)
As at 31 March 2024 100 39,103 39,203
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Chamberlayne 81 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11421919 . The registered office is 81 Chamberlayne Road, London, NW10 3ND.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the property rental income.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance method
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 5
Page 6
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 24,880
Additions 41,977
As at 31 March 2024 66,857
Depreciation
As at 1 April 2023 6,646
Provided during the period 15,058
As at 31 March 2024 21,704
Net Book Value
As at 31 March 2024 45,153
As at 1 April 2023 18,234
5. Investment Property
2024
£
Fair Value
As at 1 April 2023 and 31 March 2024 1,686,813
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 514
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,115 4,556
Corporation tax 3,407 1,656
Other creditors 54,249 57,348
Accruals and deferred income 1,250 1,250
Director's loan account 35,000 25,000
98,021 89,810
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 1,600,000 1,600,000
Page 6
Page 7
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 20,000 25,000
Page 7