ZLTB Holding Company Limited
Unaudited Financial Statements
For the period ended 30 April 2024
Pages for Filing with Registrar
Company Registration No. 14955203 (England and Wales)
ZLTB Holding Company Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
ZLTB Holding Company Limited
Balance Sheet
As at 30 April 2024
Page 1
2024
Notes
£
£
Fixed assets
Investments
2
101
Current assets
Debtors
4
602,632
Cash at bank and in hand
577,193
1,179,825
Creditors: amounts falling due within one year
5
(3,000)
Net current assets
1,176,825
Net assets
1,176,926
Capital and reserves
Called up share capital
6
133
Share premium account
1,200,000
Profit and loss reserves
(23,207)
Total equity
1,176,926

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 27 January 2025 and are signed on its behalf by:
Z N Paskin
Director
Company Registration No. 14955203
ZLTB Holding Company Limited
Statement of Changes in Equity
For the period ended 30 April 2024
Page 2
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 23 June 2023
-
0
-
0
-
0
-
Period ended 30 April 2024:
Loss and total comprehensive income for the period
-
-
(23,207)
(23,207)
Issue of share capital
6
133
1,200,000
-
1,200,133
Balance at 30 April 2024
133
1,200,000
(23,207)
1,176,926
ZLTB Holding Company Limited
Notes to the Financial Statements
For the period ended 30 April 2024
Page 3
1
Accounting policies
Company information

ZLTB Holding Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, United Kingdom, EC2A 2AP.

1.1
Reporting period

The current financial statements are presented for a period shorter than one year, due to the company being incorporated on 23 June 2023. Therefore, no comparatives are there in the financial statements presented.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.3
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
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 current liabilities.

ZLTB Holding Company Limited
Notes to the Financial Statements (Continued)
For the period ended 30 April 2024
1
Accounting policies
(Continued)
Page 4
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
101
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 23 June 2023
-
Additions
101
At 30 April 2024
101
Carrying amount
At 30 April 2024
101
3
Subsidiaries

Details of the company's subsidiaries at 30 April 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
ZL Notting Hill Limited
6th Floor 9 Appold Street, London EC2A 2AP
Ordinary
100.00
ZLC 7Dials Limited
6th Floor 9 Appold Street, London EC2A 2AP
Ordinary
100.00
ZLTB Holding Company Limited
Notes to the Financial Statements (Continued)
For the period ended 30 April 2024
Page 5
4
Debtors
2024
Amounts falling due within one year:
£
Amounts owed by group undertakings
598,799
Other debtors
3,833
602,632
5
Creditors: amounts falling due within one year
2024
£
Accruals and deferred income
3,000
6
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and not fully paid
Ordinary shares of 1p each
13,332
133

On incorporation, an ordinary share with a nominal value of £1 was issued at par.

 

On 26 June 2023, 99 further shares were issued with a nominal value of £1 was issued at par. This brought the total number of shares to 100 with a total aggregate value of £100. This was part of a share for share exchange for the shareholding of ZLC 7Dials Limited.

 

On 25 March 2024, there was a sub-division of shares, where the 100 issued shares with a nominal value of £1 was restructured to 10,000 issued shares with a nominal value of £0.01. There was no change to the shareholding position and total aggregate value as a result of this sub-division.

 

Also on 25 March 2024, 3,332 shares were issued with a nominal value of £0.01. The amount paid for these shares were £360 per share in cash.

 

At year-end, there were 13,332 shares in issue, all with a nominal value of £0.01.

7
Events after the reporting date

Post balance sheet date, the company acquired the shareholding of ZLNY Limited with a par value of £1 for no consideration.

ZLTB Holding Company Limited
Notes to the Financial Statements (Continued)
For the period ended 30 April 2024
Page 6
8
Related party transactions

During the year, the company entered into the following transactions with related parties:

 

Included in the debtors, at the balance sheet date, is an amount of £599,999 owed by ZL Notting Hill Company Limited, a connected group entity.

 

Included in the debtors, at the balance sheet date, is an amount of £1,300 owed to ZLC 7Dials Limited, a connected group entity.

9
Controlling party

The directors believe there is no one true controlling party.

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