Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 10637356 Mrs Naheed Zaman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10637356 2023-02-28 10637356 2024-02-29 10637356 2023-03-01 2024-02-29 10637356 frs-core:CurrentFinancialInstruments 2024-02-29 10637356 frs-core:Non-currentFinancialInstruments 2024-02-29 10637356 frs-core:ShareCapital 2024-02-29 10637356 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 10637356 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10637356 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 10637356 frs-bus:SmallEntities 2023-03-01 2024-02-29 10637356 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10637356 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 10637356 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28 10637356 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-02-29 10637356 frs-bus:Director1 2023-03-01 2024-02-29 10637356 frs-countries:EnglandWales 2023-03-01 2024-02-29 10637356 2022-02-28 10637356 2023-02-28 10637356 2022-03-01 2023-02-28 10637356 frs-core:CurrentFinancialInstruments 2023-02-28 10637356 frs-core:Non-currentFinancialInstruments 2023-02-28 10637356 frs-core:ShareCapital 2023-02-28 10637356 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10637356 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-02-28
Registered number: 10637356
Zinc Properties Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
RM Accounts Services
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10637356
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 2,701,908 2,648,930
2,701,908 2,648,930
CURRENT ASSETS
Debtors 5 68,598 66,298
Cash at bank and in hand 69,869 126,912
138,467 193,210
Creditors: Amounts Falling Due Within One Year 6 (256,948 ) (99,817 )
NET CURRENT ASSETS (LIABILITIES) (118,481 ) 93,393
TOTAL ASSETS LESS CURRENT LIABILITIES 2,583,427 2,742,323
Creditors: Amounts Falling Due After More Than One Year 7 (2,436,066 ) (2,487,484 )
NET ASSETS 147,361 254,839
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair Value Reserve 9 364,759 311,781
Profit and Loss Account (217,498 ) (57,042 )
SHAREHOLDERS' FUNDS 147,361 254,839
Page 1
Page 2
For the year ending 29 February 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 her 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
Mrs Naheed Zaman
Director
26/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Zinc Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10637356 . The registered office is 1 Redcliffe Road, Nottingham, NG3 5BT.
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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 2,648,930
Fair value adjustments 52,978
As at 29 February 2024 2,701,908
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 68,598 66,298
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 18,149
Other creditors 254,679 81,668
Taxation and social security 2,268 -
256,948 99,817
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 2,004,666 1,682,522
Other creditors 431,400 804,962
2,436,066 2,487,484
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair Value Reserve
£
As at 1 March 2023 311,781
Movements in fair value reserve 52,978
As at 29 February 2024 364,759
Page 4