IRIS Accounts Production v24.3.0.553 13206870 director 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132068702023-02-28132068702024-02-29132068702023-03-012024-02-29132068702022-02-28132068702022-03-012023-02-28132068702023-02-2813206870ns15:EnglandWales2023-03-012024-02-2913206870ns14:PoundSterling2023-03-012024-02-2913206870ns10:Director12023-03-012024-02-2913206870ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2913206870ns10:SmallEntities2023-03-012024-02-2913206870ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2913206870ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2913206870ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913206870ns10:FullAccounts2023-03-012024-02-2913206870ns10:OrdinaryShareClass12023-03-012024-02-2913206870ns10:RegisteredOffice2023-03-012024-02-2913206870ns5:CurrentFinancialInstruments2024-02-2913206870ns5:CurrentFinancialInstruments2023-02-2813206870ns5:Non-currentFinancialInstruments2024-02-2913206870ns5:Non-currentFinancialInstruments2023-02-2813206870ns5:ShareCapital2024-02-2913206870ns5:ShareCapital2023-02-2813206870ns5:RetainedEarningsAccumulatedLosses2024-02-2913206870ns5:RetainedEarningsAccumulatedLosses2023-02-2813206870ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2913206870ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2813206870ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2913206870ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2813206870ns10:OrdinaryShareClass12024-02-2913206870ns5:RetainedEarningsAccumulatedLosses2023-02-2813206870ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-29
REGISTERED NUMBER: 13206870 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WOLFSON ZEV LTD

WOLFSON ZEV LTD (REGISTERED NUMBER: 13206870)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WOLFSON ZEV LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: E A Babad





REGISTERED OFFICE: 65a Watford Way
London
NW4 3AQ





REGISTERED NUMBER: 13206870 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

WOLFSON ZEV LTD (REGISTERED NUMBER: 13206870)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investment property 4 1,933,519 1,200,840

CURRENT ASSETS
Debtors 5 16,435 40,442
Cash at bank 220 70
16,655 40,512
CREDITORS
Amounts falling due within one year 6 (326,047 ) (159,544 )
NET CURRENT LIABILITIES (309,392 ) (119,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,624,127

1,081,808

CREDITORS
Amounts falling due after more than one year 7 (1,603,796 ) (1,076,171 )
NET ASSETS 20,331 5,637

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 20,231 5,537
SHAREHOLDERS' FUNDS 20,331 5,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WOLFSON ZEV LTD (REGISTERED NUMBER: 13206870)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





E A Babad - Director


WOLFSON ZEV LTD (REGISTERED NUMBER: 13206870)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Wolfson Zev 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

3. EMPLOYEES AND DIRECTORS

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

WOLFSON ZEV LTD (REGISTERED NUMBER: 13206870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,200,840
Additions 732,679
At 29 February 2024 1,933,519
NET BOOK VALUE
At 29 February 2024 1,933,519
At 28 February 2023 1,200,840

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 16,435 36,834
VAT - 3,608
16,435 40,442

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 4,766 1,332
Other creditors 306,158 149,654
Rent deposit 14,373 7,738
Accrued expenses 750 820
326,047 159,544

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yrs non-inst 1,603,796 1,076,171

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,603,796 1,076,171

WOLFSON ZEV LTD (REGISTERED NUMBER: 13206870)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2023 5,537
Profit for the year 14,694
At 29 February 2024 20,231

10. RELATED PARTY DISCLOSURES

Other Creditors (Note 9) relates to amounts due to companies connected to the director and his family members. The loans are interest free and payable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is E A Babad.