1 April 2023 v2024.67.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP082587302023-04-012024-03-31082587302024-03-31082587302023-03-3108258730core:WithinOneYear2024-03-3108258730core:WithinOneYear2023-03-3108258730core:AfterOneYear2024-03-3108258730core:AfterOneYear2023-03-3108258730core:ShareCapital2024-03-3108258730core:ShareCapital2023-03-3108258730core:SharePremium2024-03-3108258730core:SharePremium2023-03-3108258730core:RetainedEarningsAccumulatedLosses2024-03-3108258730core:RetainedEarningsAccumulatedLosses2023-03-3108258730bus:Director12023-04-012024-03-3108258730bus:Director22023-04-012024-03-3108258730bus:RegisteredOffice2023-04-012024-03-3108258730core:OfficeEquipment2023-04-012024-03-3108258730core:MotorVehicles2023-04-012024-03-31082587302022-04-012023-03-3108258730core:PlantMachinery2024-03-3108258730core:PlantMachinery2023-04-0108258730core:PlantMachinery2023-04-012024-03-3108258730core:PlantMachinery2023-03-3108258730core:CostValuation2023-04-0108258730core:CostValuation2024-03-310825873012023-04-012024-03-3108258730countries:EnglandWales2023-04-012024-03-3108258730bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3108258730bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108258730bus:SmallEntities2023-04-012024-03-3108258730bus:FullAccounts2023-04-012024-03-31
Company registration number:
08258730
Zoom Property Management Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Zoom Property Management Limited
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
619
 
2,229
 
Investments 6
2,101,444
 
2,101,444
 
2,102,063
 
2,103,673
 
Current assets    
Cash at bank and in hand
6,845
 
9,020
 
Creditors: amounts falling due within one year 7
(144,298
)
(158,435
)
Net current liabilities
(137,453
)
(149,415
)
Total assets less current liabilities 1,964,610   1,954,258  
Creditors: amounts falling due after more than one year 8
(320,475
)
(320,475
)
Net assets
1,644,135
 
1,633,783
 
Capital and reserves    
Called up share capital
10,000
 
10,000
 
Share premium
1,086,321
 
1,086,321
 
Profit and loss account
547,814
 
537,462
 
Shareholders funds
1,644,135
 
1,633,783
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
27 December 2024
, and are signed on behalf of the board by:
A Noto
S Noto
DirectorDirector
Company registration number:
08258730
Zoom Property Management Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bramhall House 14 Ack Lane East
,
Bramhall
,
Stockport
,
SK7 2BY
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line
Motor vehicles
25% straight line

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

4 Average number of employees

The average number of persons employed by the company during the year was nil (2023:
1
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2023
and
31 March 2024
6,440
 
Depreciation  
At
1 April 2023
4,211
 
Charge
1,610
 
At
31 March 2024
5,821
 
Carrying amount  
At
31 March 2024
619
 
At 31 March 2023
2,229
 

6 Investments

Other investments other than loans
£
Cost  
At
1 April 2023
2,101,444
 
At
31 March 2024
2,101,444
 
Impairment  
At
1 April 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
2,101,444
 
At 31 March 2023
2,101,444
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
33,069
 
33,069
 
Taxation and social security
28,482
 
18,806
 
Other creditors
82,747
 
106,560
 
144,298
 
158,435
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
320,475
 
320,475