Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-3112024-04-01falseCorporate finance advisory, capital raising and consultancy services to investment managers, venture capital & growth-stage companies.1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12514904 2024-04-01 2025-03-31 12514904 2023-04-01 2024-03-31 12514904 2025-03-31 12514904 2024-03-31 12514904 c:Director1 2024-04-01 2025-03-31 12514904 d:FurnitureFittings 2024-04-01 2025-03-31 12514904 d:FurnitureFittings 2025-03-31 12514904 d:FurnitureFittings 2024-03-31 12514904 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12514904 d:OfficeEquipment 2024-04-01 2025-03-31 12514904 d:OfficeEquipment 2025-03-31 12514904 d:OfficeEquipment 2024-03-31 12514904 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12514904 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 12514904 d:OtherPropertyPlantEquipment 2025-03-31 12514904 d:OtherPropertyPlantEquipment 2024-03-31 12514904 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12514904 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 12514904 d:CurrentFinancialInstruments 2025-03-31 12514904 d:CurrentFinancialInstruments 2024-03-31 12514904 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 12514904 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12514904 d:ShareCapital 2025-03-31 12514904 d:ShareCapital 2024-03-31 12514904 d:RetainedEarningsAccumulatedLosses 2025-03-31 12514904 d:RetainedEarningsAccumulatedLosses 2024-03-31 12514904 c:OrdinaryShareClass1 2024-04-01 2025-03-31 12514904 c:OrdinaryShareClass1 2025-03-31 12514904 c:FRS102 2024-04-01 2025-03-31 12514904 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12514904 c:FullAccounts 2024-04-01 2025-03-31 12514904 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12514904 d:Subsidiary1 2024-04-01 2025-03-31 12514904 d:Subsidiary1 1 2024-04-01 2025-03-31 12514904 2 2024-04-01 2025-03-31 12514904 6 2024-04-01 2025-03-31 12514904 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12514904














ZENITHAR LIMITED
UNAUDITED
 FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 MARCH 2025

 
ZENITHAR LIMITED
 

CONTENTS



Page
Accountants' Report
 
1
Statement of Financial Position
 
2 - 3
Notes to the Financial Statements
 
4 - 8


 
ZENITHAR LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ZENITHAR LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zenithar Limited for the year ended 31 March 2025 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 the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Zenithar Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Zenithar Limited  and state those matters that we have agreed to state to the director of Zenithar Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zenithar Limited and its director for our work or for this report. 

It is your duty to ensure that Zenithar 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 Zenithar Limited. You consider that Zenithar Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Zenithar 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.

  



Sopher + Co LLP
 
Chartered Accountants
  
5 Elstree Gate
Elstree Way
Borehamwood
Hertfordshire
WD6 1JD
9 June 2025
Page 1

 
ZENITHAR LIMITED
REGISTERED NUMBER:12514904

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible fixed assets
  
273,733
223,168

Investments
 5 
165,553
113,622

  
439,286
336,790

Current assets
  

Debtors: amounts falling due within one year
 6 
56,080
64,941

Cash at bank and in hand
  
411,871
1,071,663

  
467,951
1,136,604

Current liabilities
  

Creditors: Amounts Falling Due Within One Year
 7 
(87,482)
(662,855)

Net current assets
  
 
 
380,469
 
 
473,749

  

Net assets
  
819,755
810,539


Capital and reserves
  

Called up share capital 
 8 
23,001
23,001

Profit and loss account
  
796,754
787,538

  
819,755
810,539


Page 2

 
ZENITHAR LIMITED
REGISTERED NUMBER:12514904
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 June 2025.




R J Ebert
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
ZENITHAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Zenithar Limited is a limited liability company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The principal activity of the company is that of the provision of corporate finance advisory, capital raising and consultancy services to investment managers, venture capital and growth-stage companies.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Foreign currency translation

The Company's functional and presentational currency is £ sterling. 
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

 
2.4

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the period, net of trade discounts and excluding value added tax.
Consultancy fees and advisory fees are recognised in the period the services are provided.
Fees in respect of raising capital or funds that are contingent on the occurance of a future event are recognised when the event has occurred. Fees that are not dependant on a future event are recognised when the services are provided.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
ZENITHAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line
Property improvements
-
2%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Basic financial instruments

The company only enters into tranasctions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors and loans to related parties.
Cash and cash equivalents represent cash in hand and deposits with financial institutions.

Page 5

 
ZENITHAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Property improvements
Total

£
£
£
£



Cost 


At 1 April 2024
38,669
14,242
180,213
233,124


Additions
14,561
37,175
27,052
78,788



At 31 March 2025

53,230
51,417
207,265
311,912



Depreciation


At 1 April 2024
1,525
7,482
949
9,956


Charge for the year on owned assets
13,201
9,032
5,988
28,221



At 31 March 2025

14,726
16,514
6,937
38,177



Net book value



At 31 March 2025
38,504
34,903
200,328
273,735



At 31 March 2024
37,143
6,760
179,264
223,167

Page 6

 
ZENITHAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2024
113,622


Additions
51,931



At 31 March 2025
165,553





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

ZL Zenithar (USA) LLC
16192 Coastal Highway, Lewes, Delaware 19958, County of Sussex, USA
Ordinary
99%


6.


Debtors

2025
2024
£
£


Trade debtors
14,515
9,896

Prepayments and accrued income
41,565
55,045

56,080
64,941



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
3,000
29,687

Taxation and social security
44,727
38,889

Other creditors
6,063
588,015

Accruals and deferred income
33,692
6,264

87,482
662,855


Page 7

 
ZENITHAR LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



23,001 Ordinary shares of £1.00 each
23,001
23,001


 
Page 8