Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Terence Zane Leonard 28/04/2021 Craig Colin Mattocks 05/04/2022 19 December 2024 no description of principal activity 13364240 2024-04-30 13364240 bus:Director1 2024-04-30 13364240 bus:Director2 2024-04-30 13364240 2023-04-30 13364240 core:CurrentFinancialInstruments 2024-04-30 13364240 core:CurrentFinancialInstruments 2023-04-30 13364240 core:ShareCapital 2024-04-30 13364240 core:ShareCapital 2023-04-30 13364240 core:RetainedEarningsAccumulatedLosses 2024-04-30 13364240 core:RetainedEarningsAccumulatedLosses 2023-04-30 13364240 core:ComputerEquipment 2023-04-30 13364240 core:ComputerEquipment 2024-04-30 13364240 2023-05-01 2024-04-30 13364240 bus:FilletedAccounts 2023-05-01 2024-04-30 13364240 bus:SmallEntities 2023-05-01 2024-04-30 13364240 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13364240 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13364240 bus:Director1 2023-05-01 2024-04-30 13364240 bus:Director2 2023-05-01 2024-04-30 13364240 core:ComputerEquipment core:TopRangeValue 2023-05-01 2024-04-30 13364240 2022-05-01 2023-04-30 13364240 core:ComputerEquipment 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 13364240 (England and Wales)

LEO ZANE ACQUISITIONS LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

LEO ZANE ACQUISITIONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

LEO ZANE ACQUISITIONS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
LEO ZANE ACQUISITIONS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 348 484
348 484
Current assets
Debtors 4 336 1,181
Cash at bank and in hand 9 100,501
345 101,682
Creditors: amounts falling due within one year 5 ( 49,553) ( 144,526)
Net current liabilities (49,208) (42,844)
Total assets less current liabilities (48,860) (42,360)
Net liabilities ( 48,860) ( 42,360)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 48,960 ) ( 42,460 )
Total shareholders' deficit ( 48,860) ( 42,360)

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Leo Zane Acquisitions Limited (registered number: 13364240) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Terence Zane Leonard
Director

19 December 2024

LEO ZANE ACQUISITIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
LEO ZANE ACQUISITIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Leo Zane Acquisitions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £48,860. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment 5 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 May 2023 680 680
At 30 April 2024 680 680
Accumulated depreciation
At 01 May 2023 196 196
Charge for the financial year 136 136
At 30 April 2024 332 332
Net book value
At 30 April 2024 348 348
At 30 April 2023 484 484

4. Debtors

2024 2023
£ £
Prepayments 336 1,181

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 458
Amounts owed to directors 48,167 142,748
Accruals 1,386 1,320
49,553 144,526