ZPR Futures Limited 12401477 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true false true 12401477 2023-05-01 2024-04-30 12401477 2024-04-30 12401477 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-04-30 12401477 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-04-30 12401477 core:CurrentFinancialInstruments 2024-04-30 12401477 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 12401477 core:Non-currentFinancialInstruments 2024-04-30 12401477 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 12401477 core:MoreThanFiveYears 1 2024-04-30 12401477 core:LandBuildings 2024-04-30 12401477 bus:SmallEntities 2023-05-01 2024-04-30 12401477 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12401477 bus:FilletedAccounts 2023-05-01 2024-04-30 12401477 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12401477 bus:RegisteredOffice 2023-05-01 2024-04-30 12401477 bus:Director1 2023-05-01 2024-04-30 12401477 bus:Director2 2023-05-01 2024-04-30 12401477 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-05-01 2024-04-30 12401477 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-05-01 2024-04-30 12401477 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12401477 bus:Agent1 2023-05-01 2024-04-30 12401477 core:Buildings 2023-05-01 2024-04-30 12401477 core:LandBuildings 2023-05-01 2024-04-30 12401477 countries:EnglandWales 2023-05-01 2024-04-30 12401477 2023-04-30 12401477 core:CostValuation 2023-04-30 12401477 core:LandBuildings 2023-04-30 12401477 2022-05-01 2023-04-30 12401477 2023-04-30 12401477 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-30 12401477 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-04-30 12401477 core:CurrentFinancialInstruments 2023-04-30 12401477 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 12401477 core:Non-currentFinancialInstruments 2023-04-30 12401477 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 12401477 core:MoreThanFiveYears 1 2023-04-30 12401477 core:LandBuildings 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12401477

ZPR Futures Limited

Report of the Directors and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

ZPR Futures Limited

Contents of The Financial Statements
for the Year Ended 30 April 2024

 

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 12

 

ZPR Futures Limited

Company Information
for the Year Ended 30 April 2024

Directors

Mr M Roach

Mrs D Roach

Registered office

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

Accountants

Insight Strategic Associates Limited
Chartered Certified Accountants
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ZPR Futures Limited
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ZPR Futures Limited for the year ended 30 April 2024 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.
 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
 

This report is made solely to the Board of Directors of ZPR Futures Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ZPR Futures Limited and state those matters that we have agreed to state to the Board of Directors of ZPR Futures Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ZPR Futures Limited and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that ZPR Futures Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ZPR Futures Limited. You consider that ZPR Futures 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 accounts of ZPR Futures 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 accounts.

......................................

Insight Strategic Associates
Chartered Certified Accountants

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

29 January 2025

 

ZPR Futures Limited

(Registration number: 12401477 )
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

770,915

787,623

Investments

5

223,861

223,861

 

994,776

1,011,484

Current assets

 

Debtors

6

22,504

56,958

Cash at bank and in hand

 

10,027

714

 

32,531

57,672

Creditors: Amounts falling due within one year

7

(195,428)

(325,150)

Net current liabilities

 

(162,897)

(267,478)

Total assets less current liabilities

 

831,879

744,006

Creditors: Amounts falling due after more than one year

7

(584,610)

(595,984)

Net assets

 

247,269

148,022

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

247,069

147,822

Shareholders' funds

 

247,269

148,022

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

ZPR Futures Limited

(Registration number: 12401477 )
Balance Sheet as at 30 April 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 January 2025 and signed on its behalf by:
 

.........................................
Mr M Roach
Director

 

ZPR Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE
England

These financial statements were authorised for issue by the Board on 29 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

ZPR Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

2% Straight Line

 

ZPR Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

ZPR Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

ZPR Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

835,415

835,415

At 30 April 2024

835,415

835,415

Depreciation

At 1 May 2023

47,792

47,792

Charge for the year

16,708

16,708

At 30 April 2024

64,500

64,500

Carrying amount

At 30 April 2024

770,915

770,915

At 30 April 2023

787,623

787,623

Included within the net book value of land and buildings above is £770,915 (2023 - £787,624) in respect of freehold land and buildings.
 

5

Investments

2024
£

2023
£

Investments in subsidiaries

223,861

223,861

Subsidiaries

£

Cost or valuation

At 1 May 2023

223,861

Provision

Carrying amount

At 30 April 2024

223,861

At 30 April 2023

223,861

 

ZPR Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Investments (continued)

6

Debtors

Current

2024
£

2023
£

Other debtors

22,504

56,958

 

22,504

56,958

 

ZPR Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

12,371

11,383

Taxation and social security

 

2,785

-

Other creditors

 

180,272

313,767

 

195,428

325,150

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

584,610

595,984

2024
£

2023
£

Due after more than five years

After more than five years by instalments

535,127

513,096

-

-

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary B shares of £1 each

100

100

100

100

200

200

200

200

 

ZPR Futures Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

584,610

595,984

Current loans and borrowings

2024
£

2023
£

Bank borrowings

12,371

11,383