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REGISTERED NUMBER: 12423375 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Ziggy Sixx Limited

Ziggy Sixx Limited (Registered number: 12423375)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Ziggy Sixx Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr Z J Jooyandeh





REGISTERED OFFICE: 389-393 Wilmslow Road
Manchester
M20 4WA





REGISTERED NUMBER: 12423375 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Ziggy Sixx Limited (Registered number: 12423375)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 763,898 307,140

CURRENT ASSETS
Debtors 5 91,968 2,093
Cash at bank and in hand 1,639 783
93,607 2,876
CREDITORS
Amounts falling due within one year 6 (1,150,855 ) (495,896 )
NET CURRENT LIABILITIES (1,057,248 ) (493,020 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(293,350

)

(185,880

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (293,351 ) (185,881 )
(293,350 ) (185,880 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 23 January 2025 and were signed by:



Mr Z J Jooyandeh - Director


Ziggy Sixx Limited (Registered number: 12423375)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Ziggy Sixx Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
At 31st January 2024 the company had net current liabilities of £1,057,248 (2023: £493,020) and total net liabilities of £293,350 (2023: £185,880). The company relies on the loan funding provided by its investors. The director is of the opinion that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by its investors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 2 ) .

Ziggy Sixx Limited (Registered number: 12423375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 284,062 53,429 2,578 340,069
Additions 394,668 100,833 7,750 503,251
At 31 January 2024 678,730 154,262 10,328 843,320
DEPRECIATION
At 1 February 2023 10,177 22,018 734 32,929
Charge for year 13,575 30,853 2,065 46,493
At 31 January 2024 23,752 52,871 2,799 79,422
NET BOOK VALUE
At 31 January 2024 654,978 101,391 7,529 763,898
At 31 January 2023 273,885 31,411 1,844 307,140

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred tax asset 91,968 -
Prepayments - 2,093
91,968 2,093

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 12,338 2
Trade creditors 78,215 124,393
Social security and other taxes 1,376 -
Pension Payable 565 -
VAT 24,040 9,089
Other creditors 754,184 313,967
Directors' current accounts 275,786 46,650
Accrued expenses 4,351 1,795
1,150,855 495,896

Ziggy Sixx Limited (Registered number: 12423375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 12,338 2

8. DEFERRED TAX
£   
Accelerated capital allowances 27,230
Deferred tax on losses (119,198 )
Balance at 31 January 2024 (91,968 )

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr Z J Jooyandeh
Balance outstanding at start of year (46,650 ) (46,650 )
Amounts advanced 100,910 -
Amounts repaid (330,046 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (275,786 ) (46,650 )

10. RELATED PARTY DISCLOSURES

The Drop Inn Hotel Ltd

A company in which Mr Z J Jooyandeh is a shareholder


2024 2023
£    £   
Amount due to related party at the balance sheet date 210,450 163,273

Ziggy Sixx Limited (Registered number: 12423375)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. RELATED PARTY DISCLOSURES - continued

Goldstand Ltd

A company in which Mr Z J Jooyandeh is a shareholder


2024 2023
£    £   
Amount due to related party at the balance sheet date 477,567 84,526

Mr F Jooyandeh

Ex director of company and father of Mr Z J Jooyandeh


2024 2023
£    £   
Amount due to related party at the balance sheet date 66,168 66,168

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Z J Jooyandeh.

The ultimate controlling party is Mr Z J Jooyandeh.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ziggy Sixx Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ziggy Sixx Limited for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ziggy Sixx Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ziggy Sixx Limited and state those matters that we have agreed to state to the director of Ziggy Sixx Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ziggy Sixx Limited and its director for our work or for this report.

It is your duty to ensure that Ziggy Sixx Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ziggy Sixx Limited. You consider that Ziggy Sixx Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ziggy Sixx Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................