Registered number
05100566
Zas Ventures Limited
Filleted Accounts
30 April 2024
Zas Ventures Limited
Registered number: 05100566
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,353,314 8,373,103
Current assets
Cash at bank and in hand 114,669 306,301
Creditors: amounts falling due within one year 4 (300,775) (389,897)
Net current liabilities (186,106) (83,596)
Total assets less current liabilities 8,167,208 8,289,507
Creditors: amounts falling due after more than one year 5 (7,091,533) (7,231,533)
Net assets 1,075,675 1,057,974
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,075,575 1,057,874
Shareholders' funds 1,075,675 1,057,974
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Chaudhary
Director
Approved by the board on 31 January 2025
Zas Ventures Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 8,333,700 203,576 8,537,276
Additions - 2,394 2,394
At 30 April 2024 8,333,700 205,970 8,539,670
Depreciation
At 1 May 2023 73,914 90,259 164,173
Charge for the year - 22,183 22,183
At 30 April 2024 73,914 112,442 186,356
Net book value
At 30 April 2024 8,259,786 93,528 8,353,314
At 30 April 2023 8,259,786 113,317 8,373,103
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 61,328 49,092
Other creditors 239,447 340,805
300,775 389,897
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,075,368 7,215,368
Obligations under finance lease and hire purchase contracts 16,165 16,165
7,091,533 7,231,533
6 Other information
Zas Ventures Limited is a private company limited by shares and incorporated in England. Its registered office is:
316e Ilford Lane
Ilford
IG1 2LT
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