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REGISTERED NUMBER: 01593045 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Zenithgold Limited

Zenithgold Limited (Registered number: 01593045)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Zenithgold Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D Cardew
A F Perry
Ms S Perry
Ms E L Blenkarn





SECRETARY: Prior Estates Limited





REGISTERED OFFICE: First Floor
Leonard House
7 Newman Road
Bromley
Kent
BR1 1RJ





REGISTERED NUMBER: 01593045 (England and Wales)





ACCOUNTANTS: Burnbecks Limited
Chartered Certified Accountants
2B Haddo Street
Greenwich
London
SE10 9RN

Zenithgold Limited (Registered number: 01593045)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,359 22,359

CURRENT ASSETS
Debtors 139,208 139,867
Cash at bank 98,633 96,302
237,841 236,169
CREDITORS
Amounts falling due within one year 2,212 2,825
NET CURRENT ASSETS 235,629 233,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,988

255,703

CAPITAL AND RESERVES
Called up share capital 5 13,200 13,200
Lease premium reserve 6 222,850 219,813
Retained earnings 6 21,938 22,690
SHAREHOLDERS' FUNDS 257,988 255,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Zenithgold Limited (Registered number: 01593045)

Abridged Balance Sheet - continued
31 May 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:





D Cardew - Director


Zenithgold Limited (Registered number: 01593045)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Zenithgold Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
Income from ground rents is taken to the Profit and Loss Account in the period in which it is due. Income received from the granting of new leases at a premium is dealt with in the Profit and Loss Account and transferred to the Lease Premium Reserve in the period in which it is actually received. All other income is accounted for as received.


Depreciation
The freehold property is not depreciated which is in accordance with Statement of Accounting Policy No. 19. The Directors consider that this accounting policy, although a departure from the Companies Act 2006, results in the accounts giving a true and fair view. Depreciation is only one of the many factors reflected in the valuation of properties and the amount which might otherwise have been shown cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 22,359
NET BOOK VALUE
At 31 May 2024 22,359
At 31 May 2023 22,359

Zenithgold Limited (Registered number: 01593045)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
66 Ordinary £200 13,200 13,200

6. RESERVES
Lease
Retained premium
earnings reserve Totals
£    £    £   

At 1 June 2023 22,690 219,813 242,503
Profit for the year 2,285 2,285
Transfer from Profit and Loss - 3,037 3,037
Net transfer to lease premium (3,037 ) - (3,037 )
At 31 May 2024 21,938 222,850 244,788

7. SERVICE CHARGE ACCOUNTS

The day to day management of the properties for the year under review was handled by Prior Estates Limited on a "self-financing" basis. Details of transactions during the year are provided in the accompanying Service Charge Accounts.