0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 313,964 19,106 333,070 333,070 313,964 xbrli:pure xbrli:shares iso4217:GBP SC639079 2023-09-01 2024-08-31 SC639079 2024-08-31 SC639079 2023-08-31 SC639079 2022-09-01 2023-08-31 SC639079 2023-08-31 SC639079 2022-08-31 SC639079 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 SC639079 bus:Director1 2023-09-01 2024-08-31 SC639079 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 SC639079 core:WithinOneYear 2024-08-31 SC639079 core:WithinOneYear 2023-08-31 SC639079 core:ShareCapital 2024-08-31 SC639079 core:ShareCapital 2023-08-31 SC639079 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC639079 core:RetainedEarningsAccumulatedLosses 2023-08-31 SC639079 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 SC639079 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 SC639079 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 SC639079 bus:SmallEntities 2023-09-01 2024-08-31 SC639079 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC639079 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC639079 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC639079 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: SC639079
Zana Developments Limited
Filleted Unaudited Financial Statements
31 August 2024
Zana Developments Limited
Financial Statements
Year ended 31 August 2024
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Zana Developments Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Zana Developments Limited
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zana Developments Limited for the year ended 31 August 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Zana Developments Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Zana Developments Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zana Developments Limited and its director for our work or for this report.
It is your duty to ensure that Zana Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zana Developments Limited. You consider that Zana Developments Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Zana Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
12 May 2025
Zana Developments Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
333,070
313,964
Current assets
Cash at bank and in hand
1,610
15,197
Creditors: amounts falling due within one year
5
323,989
320,450
---------
---------
Net current liabilities
322,379
305,253
---------
---------
Total assets less current liabilities
10,691
8,711
--------
-------
Net assets
10,691
8,711
--------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
10,690
8,710
--------
-------
Shareholder funds
10,691
8,711
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 May 2025 , and are signed on behalf of the board by:
Mr N Watson
Director
Company registration number: SC639079
Zana Developments Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Freehold property
£
Cost
At 1 September 2023
313,964
Additions
19,106
---------
At 31 August 2024
333,070
---------
Depreciation
At 1 September 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
333,070
---------
At 31 August 2023
313,964
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,268
702
Other creditors
322,721
319,748
---------
---------
323,989
320,450
---------
---------
6. Director's advances, credits and guarantees
The balance owed to the director at 31st August 2024 amounted to £245,937 (2023: £237,994).