Company Registration No. 13046454 (England and Wales)
Sydney Zuellig Interiors Ltd
Unaudited accounts
for the year ended 31 March 2025
Sydney Zuellig Interiors Ltd
Unaudited accounts
Contents
Sydney Zuellig Interiors Ltd
Company Information
for the year ended 31 March 2025
Company Number
13046454 (England and Wales)
Registered Office
43 Corringway
London
W5 3AB
England
Accountants
Auxilium Tax Limited
43 Corringway
London
W5 3AB
Sydney Zuellig Interiors Ltd
Statement of financial position
as at 31 March 2025
Investment property
1,835,000
1,895,000
Cash at bank and in hand
119,316
159,057
Creditors: amounts falling due within one year
(2,031,996)
(2,048,903)
Net current liabilities
(1,883,718)
(1,886,735)
Net (liabilities)/assets
(48,718)
22,440
Called up share capital
100
100
Profit and loss account
(48,818)
22,340
Shareholders' funds
(48,718)
22,440
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 December 2025 and were signed on its behalf by
Sydney Zuellig
Director
Company Registration No. 13046454
Sydney Zuellig Interiors Ltd
Notes to the Accounts
for the year ended 31 March 2025
Sydney Zuellig Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 13046454. The registered office is 43 Corringway, London, W5 3AB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The accounts are presented in £ sterling.
Revenue is recognised to the extent that its is probable that the economic benefit will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised"
Rendering of services:
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Rentals receivable under operating leases are credited to the profit and loss account on a straight line basis over the lease term.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Sydney Zuellig Interiors Ltd
Notes to the Accounts
for the year ended 31 March 2025
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit and loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to ana 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 balance sheet date in the countries where the Company operates and generates income.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measure initially at fair value, net of transaction costs, and are measure subsequently at amortised costs using the effective interest method, less any impairment.
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 in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.
Sydney Zuellig Interiors Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Charge for the year
14,175
Fair value at 1 April 2024
1,895,000
Net loss from fair value adjustments
(60,000)
At 31 March 2025
1,835,000
Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.
Amounts falling due within one year
Deferred tax asset
15,668
508
Accrued income and prepayments
9,549
-
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
14,675
Loans from directors
2,025,996
2,021,255
8
Transactions with related parties
Included in other creditors at the balance sheet date is an amount of £2,023,399 (2024: £2,021,255) due to the director. The amount is predominantly in respect of net expenses borne by the director on the acquisition of the company's investment property. This amount is unsecured, interest free and repayable on demand.
Sydney Zuellig Interiors Ltd
Notes to the Accounts
for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).