Zycor Holdings Limited 12410312 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of a holding company Digita Accounts Production Advanced 6.30.9574.0 true false true false true true 12410312 2023-09-01 2024-08-31 12410312 2024-08-31 12410312 core:ShareCapital 2024-08-31 12410312 core:CurrentFinancialInstruments 2024-08-31 12410312 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12410312 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 12410312 bus:SmallEntities 2023-09-01 2024-08-31 12410312 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12410312 bus:FilletedAccounts 2023-09-01 2024-08-31 12410312 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12410312 bus:Director1 2023-09-01 2024-08-31 12410312 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12410312 core:Subsidiary1 2023-09-01 2024-08-31 12410312 core:Subsidiary2 2023-09-01 2024-08-31 12410312 core:Subsidiary3 2023-09-01 2024-08-31 12410312 countries:AllCountries 2023-09-01 2024-08-31 12410312 core:CostValuation 2023-08-31 12410312 2022-09-01 2023-08-31 12410312 2023-08-31 12410312 core:ShareCapital 2023-08-31 12410312 core:CurrentFinancialInstruments 2023-08-31 12410312 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12410312 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 12410312 core:Subsidiary1 2022-09-01 2023-08-31 12410312 core:Subsidiary2 2022-09-01 2023-08-31 12410312 core:Subsidiary3 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 12410312

Zycor Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Zycor Holdings Limited

(Registration number: 12410312)

Balance Sheet as at 31 August 2024

Note

31 August
2024
£

31 August
2023
£

Fixed assets

 

Investments

3

527,935

527,935

Current assets

 

Debtors

4

1

1

Creditors: Amounts falling due within one year

5

(527,935)

(469,602)

Net current liabilities

 

(527,934)

(469,601)

Total assets less current liabilities

 

1

58,334

Creditors: Amounts falling due after more than one year

5

-

(58,333)

Net assets

 

1

1

Capital and reserves

 

Called up share capital

1

1

Shareholders' funds

 

1

1

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 4 March 2025
 

.........................................

C D Coe

Director

 

Zycor Holdings Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 August 2024

1

Accounting policies

Statutory information

Zycor Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 12410312. The registered office is at 36 Burton Edge, Bakewell, DE45 1FQ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Group accounts not prepared

The company is part of a small group. the company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Profit and loss account

The company had no profit and loss transactions in the period.

Going concern

After due consideration of all relevant factors, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

 

Zycor Holdings Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 August 2024 (continued)

2

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

3

Investments

31 August
2024
£

31 August
2023
£

Investments in subsidiaries

527,935

527,935

Subsidiaries

£

Cost

At 1 September 2023 and 31 August 2024

527,935

Carrying amount

At 31 August 2024

527,935

At 31 August 2023

527,935

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Chesterfield Machine Services (Holdings) Limited

England and Wales

Ordinary

100%

100%

 

     

Zycor Limited

England and Wales

Ordinary

100%

100%

 

     

Chesterfield Machine Services Limited

England and Wales

Ordinary

100%

100%

 

     
 

Zycor Holdings Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 August 2024 (continued)

3

Investments (continued)

Chesterfield Machine Services (Holdings) Limited

The principal activity of Chesterfield Machine Services (Holdings) Limited is that of a holding company.

Zycor Limited

The principal activity of Zycor Limited is development and sale of emission monitoring units. Its financial period end is 30 September.

Chesterfield Machine Services Limited

The principal activity of Chesterfield Machine Services Limited is the provision of engineering tools and equipment.

The company's holding in Chesterfield Machine Services Limited is held indirectly through Chesterfield Machine Services (Holdings) Limited.

4

Debtors

31 August
2024
£

31 August
2023
£

Other debtors

1

1

5

Creditors

31 August
2024
£

31 August
2023
£

Due within one year

Amounts owed to group undertakings

469,502

369,502

Other creditors

58,433

100,100

527,935

469,602

31 August
2024
£

31 August
2023
£

Due after one year

Other creditors

-

58,333

 

Zycor Holdings Limited

Notes to the Unaudited Financial Statements

for the Year Ended 31 August 2024 (continued)

6

Related party transactions

The company has taken advantage of the exemption under FRS 102 s33.1A not to disclosure transactions between wholly owned group companies.

During the year the company received short term loans from related parties. At 31 August 2024 the company owed £469,502 (2023 - £369,502) to related parties.