Company Registration No. 06607597 (England and Wales)
ZARAHEMLA LIMITED
Unaudited accounts
for the year ended 30 June 2024
ZARAHEMLA LIMITED
Unaudited accounts
Contents
ZARAHEMLA LIMITED
Company Information
for the year ended 30 June 2024
Directors
Anna Buttimore
Roderic Buttimore
Secretary
Roderic Buttimore
Company Number
06607597 (England and Wales)
Registered Office
7 THE FINCHES
THUNDERSLEY
BENFLEET
ESSEX
SS7 3LP
ZARAHEMLA LIMITED
Statement of financial position
as at 30 June 2024
Investment property
224,021
224,021
Cash at bank and in hand
11,031
7,623
Creditors: amounts falling due within one year
(22,619)
(10,992)
Net current liabilities
(11,209)
(2,873)
Total assets less current liabilities
213,334
221,866
Creditors: amounts falling due after more than one year
(7,216)
(8,039)
Net assets
206,118
213,827
Called up share capital
1,000
1,000
Share premium
194,500
194,500
Profit and loss account
10,618
18,327
Shareholders' funds
206,118
213,827
For the year ending 30 June 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 15 March 2025 and were signed on its behalf by
Anna Buttimore
Director
Company Registration No. 06607597
ZARAHEMLA LIMITED
Notes to the Accounts
for the year ended 30 June 2024
ZARAHEMLA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06607597. The registered office is 7 THE FINCHES, THUNDERSLEY, BENFLEET, ESSEX, SS7 3LP.
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.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
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
15% per annum on cost
ZARAHEMLA LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 July 2023
224,021
The company's investment properties have been valued by the directors on the basis of market prices for properties sold in the same areas as those held.
Amounts falling due within one year
Accrued income and prepayments
119
236
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
847
847
Taxes and social security
-
1,677
Loans from directors
10,689
7,498
During the year, it became apparent that major repairs were needed at the company's property. The work was undertaken during June and July 2024. The figure shown in accruals above relates entirely to this work.
ZARAHEMLA LIMITED
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
9
Transactions with related parties
As at 30 June 2024, the company owed its directors £10,689 (2023 - £7,498) in respect of a loan.
One of the company's properties is rented to a family member. The rent on the property has been frozen at the level paid by the previous tenant.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).