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Company Registration No. 12097138 (England and Wales)
Van Zyl Properties Limited Unaudited accounts for the year ended 31 March 2024
Van Zyl Properties Limited Unaudited accounts Contents
Page
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Van Zyl Properties Limited Company Information for the year ended 31 March 2024
Directors
Christo van Zyl Thea Lydia van Zyl
Company Number
12097138 (England and Wales)
Registered Office
7 Brownings Orchard Rodmersham Sittingbourne ME9 0PE United Kingdom
Accountants
Anumerate Limited Office 2.05, Clockwise Old Town Hall 30 Tweedy Road Bromley BR13FE
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Van Zyl Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
522,999 
257,000 
Current assets
Cash at bank and in hand
7,310 
8,791 
Creditors: amounts falling due within one year
(80,460)
(64,957)
Net current liabilities
(73,150)
(56,166)
Total assets less current liabilities
449,849 
200,834 
Creditors: amounts falling due after more than one year
(406,184)
(135,592)
Net assets
43,665 
65,242 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
43,655 
65,232 
Shareholders' funds
43,665 
65,242 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
Thea Lydia van Zyl Director Company Registration No. 12097138
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Van Zyl Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Van Zyl Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12097138. The registered office is 7 Brownings Orchard, Rodmersham, Sittingbourne, ME9 0PE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment properties are initially measured at the cost of the purchased investment property plus any directly attributable expenditure. Where fair value can be measured reliably, the property shall be measured at fair value each year and changes in fair value are recognised in profit and loss. Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold when future profits are reasonably certain to be achieved.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. 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.
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Van Zyl Properties Limited Notes to the Accounts for the year ended 31 March 2024
Going concern
The Directors are of the opinion that the Company is a going concern.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
257,000 
Additions
278,977 
Net loss from fair value adjustments
(12,978)
At 31 March 2024
522,999 
The company holds two investment properties. The first property was originally valued and captured as the property purchase price of £181,000 plus directly attributable purchase expenses of £9568. As at 31 March 2024 the Directors are of the view that the fair market value of the property is £253,000 and that this represents a reasonable fair value for the investment properties. The second property was originally valued and captured as the property purchase price of £267,500 plus directly attributable purchase expenses of £11,477.60. As at 31 March 2024 the Directors are of the view that the fair market value of the property is £270,000 and that this represents a reasonable fair value for the investment properties.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
4,309 
Taxes and social security
- 
188 
Loans from directors
80,460 
60,460 
80,460 
64,957 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
346,184 
135,592 
Other creditors
60,000 
- 
406,184 
135,592 
This balance relates to the mortgages on the investment properties and is repayable in monthly installments. These are both Interest-Only mortgages. The remaining term on the first property's mortgage is 22 years and 11 months. The remaining term on the second property's mortgage is 20 years and 2 months.
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares class A of £0.10 each
5 
5 
50 Ordinary shares class B of £0.10 each
5 
5 
10 
10 
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Van Zyl Properties Limited Notes to the Accounts for the year ended 31 March 2024
8
Transactions with related parties
As at 31 March 2024, Van Zyl Properties Limited has a creditor balance of £60,000 (2023: £0) due to be repaid to Zazen Media Limited, a related party by virtue of having a Director in common. There are no fixed terms of repayment, no interest is charged and the loan is repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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