Company Registration No. 09588865 (England and Wales)
Zetland House Limited
Unaudited accounts
for the year ended 31 May 2024
Zetland House Limited
Unaudited accounts
Contents
Zetland House Limited
Company Information
for the year ended 31 May 2024
Directors
Andrew Ball
Philip Rice
Company Number
09588865 (England and Wales)
Registered Office
2 FIRTH STREET
HUDDERSFIELD
HD1 3BA
ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Zetland House Limited
Accountants' report
Accountants' report to the board of directors of Zetland House Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Zetland House Limited for the year ended
31 May 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Zetland House Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Zetland House Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zetland House Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Zetland House 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 loss of Zetland House Limited. You consider that Zetland House 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 Zetland House 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.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
6 January 2025
Zetland House Limited
Statement of financial position
as at 31 May 2024
Investment property
-
1,250,000
Cash at bank and in hand
-
26,779
Creditors: amounts falling due within one year
(314,380)
(758,818)
Net current liabilities
(296,045)
(703,588)
Total assets less current liabilities
(296,045)
546,412
Creditors: amounts falling due after more than one year
-
(641,419)
Net liabilities
(296,045)
(95,007)
Called up share capital
1,584
1,584
Revaluation reserve
-
(774)
Profit and loss account
(297,629)
(95,817)
Shareholders' funds
(296,045)
(95,007)
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Andrew Ball
Director
Company Registration No. 09588865
Zetland House Limited
Notes to the Accounts
for the year ended 31 May 2024
Zetland House Limited is a private company, limited by shares, registered in England and Wales, registration number 09588865. The registered office is 2 FIRTH STREET, HUDDERSFIELD, HD1 3BA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The property was valued by the Director at the year end.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Zetland House Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 June 2023
1,250,000
The investment property was sold in the year.
Amounts falling due within one year
Other debtors
18,335
18,417
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
314,380
750,088
8
Creditors: amounts falling due after more than one year
2024
2023
Aggregate of amounts that fall due for payment after five years
-
625,219
Zetland House Limited
Notes to the Accounts
for the year ended 31 May 2024
9
Transactions with related parties
Shareholder loans of £314,380 were written off (credited).
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).