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Registration number: 07742414

Zandent Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2024

 

Zandent Limited

Contents

Company Information

1

Abridged Statement Of Financial Position

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Zandent Limited

Company Information

Director

S J Wyatt

Registered office

79 Essex Road
Islington
London
N1 2SF

Accountants

CPP,
Chartered Accountants
79 Essex Road
Islington
London
N1 2SF

 

Zandent Limited

(Registration number: 07742414)
Abridged Statement Of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,020

6,561

Current assets

 

Debtors

70,371

115,279

Cash at bank and in hand

 

4,262,733

4,199,358

 

4,333,104

4,314,637

Prepayments and accrued income

 

-

1,901

Creditors: Amounts falling due within one year

(73,615)

(5,203)

Net current assets

 

4,259,489

4,311,335

Total assets less current liabilities

 

4,263,509

4,317,896

Provisions for liabilities

(764)

(1,247)

Accruals and deferred income

 

(2,000)

(1,575)

Net assets

 

4,260,745

4,315,074

Capital and reserves

 

Called up share capital

2

2

Retained earnings

4,260,743

4,315,072

Shareholders' funds

 

4,260,745

4,315,074

 

Zandent Limited

(Registration number: 07742414)
Abridged Statement Of Financial Position as at 31 December 2024

For the financial year ending 31 December 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements 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.

All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement Of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 31 March 2025
 

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

S J Wyatt

Director

 

Zandent Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
79 Essex Road
Islington
London
N1 2SF
England

These financial statements were authorised for issue by the director on 31 March 2025.

2

Accounting policies

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

The Company's income, monetary assets and liabilities are transacted in United States Dollars. However, because the company is UK based, the financial statements are required to be expressed in Sterling. The Sterling equivalent will vary depending on exchange rate, even if the underlying fundamentals remain exactly the same. The United States Dollar to Sterling exchange rate in 2023 was 1.27312 and in 2024 it was 1.25152 (OFX Yearly Exchange Rates) which means the Sterling value will appear approximately 1.6 % lower simply because of exchange rate differences.

 

Zandent Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25%, straight line.

Development costs

Research and development expenditure is charged to the income statement in the year in which it occurred.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

Zandent Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

30,124

30,124

Additions

736

736

Disposals

(1,153)

(1,153)

At 31 December 2024

29,707

29,707

Depreciation

At 1 January 2024

23,563

23,563

Charge for the year

2,830

2,830

Eliminated on disposal

(706)

(706)

At 31 December 2024

25,687

25,687

Carrying amount

At 31 December 2024

4,020

4,020

At 31 December 2023

6,561

6,561