Registration number:
Zycor Holdings Limited
for the Year Ended 31 August 2024
Zycor Holdings Limited
(Registration number: 12410312)
Balance Sheet as at 31 August 2024
Note |
31 August |
31 August |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Shareholders' funds |
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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:
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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.
.........................................
C D Coe
Director
Zycor Holdings Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024
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
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
Zycor Holdings Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024 (continued)
Staff numbers |
The average number of persons employed by the company during the year, was
Investments |
31 August |
31 August |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost |
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At 1 September 2023 and 31 August 2024 |
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Carrying amount |
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At 31 August 2024 |
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At 31 August 2023 |
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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 |
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2024 |
2023 |
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Subsidiary undertakings |
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England and Wales |
Ordinary |
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England and Wales |
Ordinary |
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England and Wales |
Ordinary |
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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 |
Zycor Limited The principal activity of Zycor Limited is |
Chesterfield Machine Services Limited The principal activity of Chesterfield Machine Services Limited is |
The company's holding in Chesterfield Machine Services Limited is held indirectly through Chesterfield Machine Services (Holdings) Limited.
Debtors |
31 August |
31 August |
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Other debtors |
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Creditors |
31 August |
31 August |
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Due within one year |
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Amounts owed to group undertakings |
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Other creditors |
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31 August |
31 August |
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Due after one year |
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Other creditors |
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Zycor Holdings Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 August 2024 (continued)
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.