Company registration number 13555388 (England and Wales)
ZINHO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
ZINHO LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
ZINHO LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
374,018
374,018
Current assets
Cash at bank and in hand
1,209
339
Creditors: amounts falling due within one year
(106,138)
(107,717)
Net current liabilities
(104,929)
(107,378)
Total assets less current liabilities
269,089
266,640
Creditors: amounts falling due after more than one year
(266,438)
(266,438)
Net assets
2,651
202
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
2,551
102
Total equity
2,651
202
ZINHO LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 AUGUST 2024
31 August 2024
- 2 -
For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 31 January 2025
Mrs H Amiri-Moghadam
Director
Company registration number 13555388 (England and Wales)
ZINHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
1
Accounting policies
Company information
Zinho Limited is a private company limited by shares incorporated in England and Wales. The registered office is 63-67 High Street, Pershore, Worcestershire, England, WR10 1EU.
1.1
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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
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, modified to include the revaluation of freehold properties and to include investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. Income is recognised in the period to which it relates.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.4
Taxation
The tax expense represents the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
Leases
Rents payable on operating leases are charged to profit and loss account in respect of the period to which the occupancy relates.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
ZINHO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
3
Investment property
2024
£
Fair value
At 1 September 2023 and 31 August 2024
374,018
The fair value of the investment property has been arrived at on the basis of a valuation by the directors, who consider the fair value at 31 August 2024 not to be materially different from the acquisition price of the property in late 2021.
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary H shares of £1 each
80
80
80
80
Ordinary S shares of £1 each
20
20
20
20
100
100
100
100
5
Related party transactions
Transactions with related parties
Mrs H Amiri-Moghadam
Director and shareholder
In a previous year, the related party loaned money to the company for working capital. During the year, some of this advance was repaid. The advance is unsecured, interest-free and repayable on demand. The balance owing to the related party at the end of the year was £105,542 (2023: £107,696).