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Registration number: 11319296

Zimmer Partners (UK) Ltd

Filleted Financial Statements

for the Period from 1 January 2024 to 31 August 2024

 

Zimmer Partners (UK) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Zimmer Partners (UK) Ltd

Company Information

Directors

Ms Barbara Burger

Mr Rico Sailesh Kanti Navsaria

Registered office

Duo
Level 6
280 Bishopsgate
London
EC2M 4RB

Accountants

Charter Tax Consulting Limited
8th Floor
1 Southampton Street
London
WC2R 0LR

Auditors

Lindeyer Francis Ferguson Limited
North House
198 High Street
Tonbridge
Kent
TN9 1BE

 

Zimmer Partners (UK) Ltd

(Registration number: 11319296)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

19,663

595,036

Cash at bank and in hand

 

278,961

215,904

 

298,624

810,940

Creditors: Amounts falling due within one year

5

(19,511)

(540,853)

Net assets

 

279,113

270,087

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

279,112

270,086

Shareholders' funds

 

279,113

270,087

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account .

Approved and authorised by the Board on 18 November 2024 and signed on its behalf by:
 

Ms Barbara Burger
Director

Mr Rico Sailesh Kanti Navsaria
Director

 
     
 

Zimmer Partners (UK) Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Duo
Level 6
280 Bishopsgate
London
EC2M 4RB
U.K.

These financial statements were authorised for issue by the Board on 18 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements have been presented in UK Pound Sterling (£).

Going concern

The shareholders and directors plan to liquidate the company within 12 months of the approval of these financial statements, and therefore the financial statements have not been prepared on a going concern basis. No adjustments to the balances in the financial statements were required as a result of this change in basis.

Audit report

The Independent Auditor's Report was unqualified. We draw attention to Note 2 to the financial statements which explained that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.
The name of the Senior Statutory Auditor who signed the audit report on 20 November 2024 was Amy Healey FCA CTA DChA, who signed for and on behalf of Lindeyer Francis Ferguson Limited.

 

Zimmer Partners (UK) Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 31 August 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade receivables are amounts due from customers for services performed in the ordinary course of business. If collection is expected in one year or less (or in the normal operating cycle of the business if longer), they are classified as current assets. If not, they are presented as non-current assets.

Trade receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Zimmer Partners (UK) Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2023 - 3).

4

Debtors

Current

2024
£

2023
£

Other debtors

19,663

595,036

 

19,663

595,036

 

Zimmer Partners (UK) Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 31 August 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

5,640

1,140

Taxation and social security

3,009

17,233

Accruals and deferred income

10,862

522,480

19,511

540,853

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

       
 

Zimmer Partners (UK) Ltd

Notes to the Financial Statements for the Period from 1 January 2024 to 31 August 2024

7

Related party transactions

Summary of transactions with parent

Zimmer Partners LP, parent company.
 The company has provided services amounting to £124,571 (2023 : £801,482) to its parent company. At the balance sheet date the amount due from the parent was £14,260 (2023 : £595,036).
 

8

Parent and ultimate parent undertaking

The company's immediate parent is Zimmer Partners LP, incorporated in United States of America.

 

The parent of the largest group in which these financial statements are consolidated is Zimmer Partners, LP, incorporated in United States of America.

The address of Zimmer Partners, LP is:
9 West 57th Street
33rd Floor
New York
NY 10019
United States