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REGISTERED NUMBER: 12309798 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Zennor Capital Holdings Ltd

Zennor Capital Holdings Ltd (Registered number: 12309798)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Zennor Capital Holdings Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R J Salter
R G Mayhew
D N Mitchinson
M U Alen-Buckley
H R Hunter
P S Kirkby
S Patel





REGISTERED OFFICE: 86
Duke of York Square
London
SW3 4LY





REGISTERED NUMBER: 12309798 (England and Wales)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Zennor Capital Holdings Ltd (Registered number: 12309798)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 944 2,472
Tangible assets 5 - 2,738
Investments 6 496,438 496,438
497,382 501,648

CURRENT ASSETS
Debtors 7 16,688 19,972
Cash at bank 4,166 13,344
20,854 33,316
CREDITORS
Amounts falling due within one year 8 661,703 936,087
NET CURRENT LIABILITIES (640,849 ) (902,771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(143,467

)

(401,123

)

PROVISIONS FOR LIABILITIES 9 - 520
NET LIABILITIES (143,467 ) (401,643 )

CAPITAL AND RESERVES
Called up share capital 10 102,000 102,000
Share premium 11 130,500 130,500
Retained earnings 11 (375,967 ) (634,143 )
SHAREHOLDERS' FUNDS (143,467 ) (401,643 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





R J Salter - Director


Zennor Capital Holdings Ltd (Registered number: 12309798)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Zennor Capital Holdings Ltd 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.

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.

The financial statements have been prepared on a going concern basis, the acceptability of which is dependent on the continued support of the director.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. 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 straight-line basis over its expected useful life, as follows:

Fixtures and fittings-25% per annum
Computer equipment-25% per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Zennor Capital Holdings Ltd (Registered number: 12309798)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023
and 31 March 2024 7,640
AMORTISATION
At 1 April 2023 5,168
Amortisation for year 1,528
At 31 March 2024 6,696
NET BOOK VALUE
At 31 March 2024 944
At 31 March 2023 2,472

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 5,303 12,435 17,738
DEPRECIATION
At 1 April 2023 4,484 10,516 15,000
Charge for year 819 1,919 2,738
At 31 March 2024 5,303 12,435 17,738
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 819 1,919 2,738

Zennor Capital Holdings Ltd (Registered number: 12309798)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 496,438
NET BOOK VALUE
At 31 March 2024 496,438
At 31 March 2023 496,438

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 3,449
Other debtors 16,688 16,523
16,688 19,972

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 989 1,018
Other creditors 660,714 935,069
661,703 936,087

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax - 520

Deferred
tax
£   
Balance at 1 April 2023 520
Provided during year (520 )
Balance at 31 March 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
102,000 Ordinary £1 102,000 102,000

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 (634,143 ) 130,500 (503,643 )
Profit for the year 258,176 258,176
At 31 March 2024 (375,967 ) 130,500 (245,467 )

Zennor Capital Holdings Ltd (Registered number: 12309798)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024, the company owed the directors £593,787 (2023: £732,308)

13. RELATED PARTY DISCLOSURES





Related Party




Transaction Type




Transaction in year to 31.3.24
Balance
receivable
from/(payable to)
related party at
31.3.24
Balance
receivable
from/(payable to)
related party at
31.3.23
£ £ £

Partnership in which Recharged expenses 166 (2023: 1,200) 3,449 9,102
the company is a Rent deposit Nil (2023: Nil) 16,524 16,524
partner. Share of profit/(loss) 289,746 (2023: (79,622)) - -
Current account 135,996 (2023: (79,622)) (63,615) (199,611)

14. ULTIMATE CONTROLLING PARTY

The controlling party and ultimate controlling party is R J Salter.