IRIS Accounts Production v24.3.2.46 10117417 director 30.4.23 29.4.24 29.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101174172023-04-29101174172024-04-29101174172023-04-302024-04-29101174172022-04-29101174172022-04-302023-04-29101174172023-04-2910117417ns15:EnglandWales2023-04-302024-04-2910117417ns14:PoundSterling2023-04-302024-04-2910117417ns10:Director12023-04-302024-04-2910117417ns10:PrivateLimitedCompanyLtd2023-04-302024-04-2910117417ns10:SmallEntities2023-04-302024-04-2910117417ns10:AuditExempt-NoAccountantsReport2023-04-302024-04-2910117417ns10:SmallCompaniesRegimeForDirectorsReport2023-04-302024-04-2910117417ns10:SmallCompaniesRegimeForAccounts2023-04-302024-04-2910117417ns10:FullAccounts2023-04-302024-04-2910117417ns10:OrdinaryShareClass12023-04-302024-04-2910117417ns10:RegisteredOffice2023-04-302024-04-2910117417ns5:CurrentFinancialInstruments2024-04-2910117417ns5:CurrentFinancialInstruments2023-04-2910117417ns5:Non-currentFinancialInstruments2024-04-2910117417ns5:Non-currentFinancialInstruments2023-04-2910117417ns5:ShareCapital2024-04-2910117417ns5:ShareCapital2023-04-2910117417ns5:RetainedEarningsAccumulatedLosses2024-04-2910117417ns5:RetainedEarningsAccumulatedLosses2023-04-2910117417ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-2910117417ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-2910117417ns10:OrdinaryShareClass12024-04-29101174171ns10:Director12023-04-29101174171ns10:Director12022-04-29101174171ns10:Director12023-04-302024-04-29101174171ns10:Director12022-04-302023-04-29101174171ns10:Director12024-04-29101174171ns10:Director12023-04-29
REGISTERED NUMBER: 10117417 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 April 2024

for

RZ INVESTMENTS LTD

RZ INVESTMENTS LTD (REGISTERED NUMBER: 10117417)






Contents of the Financial Statements
for the Year Ended 29 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RZ INVESTMENTS LTD

Company Information
for the Year Ended 29 April 2024







DIRECTOR: Z Solomon





REGISTERED OFFICE: Unit6P Oxgate Lane
London
NW2 7HJ





REGISTERED NUMBER: 10117417 (England and Wales)





ACCOUNTANTS: TC Group
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

RZ INVESTMENTS LTD (REGISTERED NUMBER: 10117417)

Balance Sheet
29 April 2024

29.4.24 29.4.23
Notes £    £   
CURRENT ASSETS
Debtors 4 40,459 39,682
Cash in hand 1 1
40,460 39,683
CREDITORS
Amounts falling due within one year 5 (6,588 ) (6,301 )
NET CURRENT ASSETS 33,872 33,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,872

33,382

CREDITORS
Amounts falling due after more than one year 6 (70,512 ) (72,570 )
NET LIABILITIES (36,640 ) (39,188 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (36,641 ) (39,189 )
SHAREHOLDERS' FUNDS (36,640 ) (39,188 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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 20 January 2025 and were signed by:





Z Solomon - Director


RZ INVESTMENTS LTD (REGISTERED NUMBER: 10117417)

Notes to the Financial Statements
for the Year Ended 29 April 2024

1. STATUTORY INFORMATION

RZ Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Financial instruments
The company has elected to apply the provisions of Schedule 1A of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

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.


RZ INVESTMENTS LTD (REGISTERED NUMBER: 10117417)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
The directors have considered the company's financial resources and performance and believe that the company is well placed to manage its business risks successfully and that the company has adequate resources to continue in operational existence for the foreseeable future. Consequently, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Other debtors 40,459 39,682

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Bank loans and overdrafts 5,868 5,581
Other creditors 720 720
6,588 6,301

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.4.24 29.4.23
£    £   
Bank loans 3,009 5,067
Other creditors 67,503 67,503
70,512 72,570

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.4.24 29.4.23
value: £    £   
1 Ordinary 1 1 1

RZ INVESTMENTS LTD (REGISTERED NUMBER: 10117417)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 April 2024 and 29 April 2023:

29.4.24 29.4.23
£    £   
Z Solomon
Balance outstanding at start of year - -
Amounts advanced 450 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 450 -

9. RELATED PARTY DISCLOSURES

Included in other debtors falling due within one year is an amount owed by a related company £8,924 (2023: £8,596).