Zest Capital Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC572377 (Scotland)

Zest Capital Management Limited

Unaudited Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Wilkie

Mrs C B Wilkie

SECRETARY:

K Murdoch

REGISTERED OFFICE:

3 Forth Street Lane

North Berwick

East Lothian

EH39 4JB

REGISTERED NUMBER:

SC572377 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland

North Berwick

12 Westgate

North Berwick

EH39 4AF

FIXED ASSETS

Investments

3

100

100

CURRENT ASSETS

Debtors

4

30,887

2,400

Cash at bank

20,014

9,695

50,901

12,095

CREDITORS

Amounts falling due within one year

5

1,740

12,850

NET CURRENT ASSETS/(LIABILITIES)

49,161

(755

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,261

(655

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,161

(755

)

49,261

(655

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 December 2019 and were signed on its behalf by:

J Wilkie - Director

1.	STATUTORY INFORMATION

Zest Capital Management Limited is a private company, limited by shares , registered in Scotland.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced property consultancy fees, excluding value added tax.

Revenue is recognised when the service has been provided and all obligations to the customers

under the agreement have been fulfilled.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments. Basic financial instruments are initially recognised at transaction value and

subsequently measured at their settlement value.

All loans with related parties are repayable on demand

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

and 31 March 2019

100

NET BOOK VALUE

At 31 March 2019

100

At 31 March 2018

100

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

600

1,200

Other debtors

30,287

1,200

30,887

2,400

Included within other debtors is the director's loan account which is unsecured and repayable on

demand. This loan was repaid within nine months of the year end.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

-

2,000

Other creditors

1,740

10,850

1,740

12,850

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2019

and the period ended 31 March 2018:

2019

2018

£

£

J Wilkie

Balance outstanding at start of year

-

-

Amounts advanced

30,137

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

30,137

-

This loan was repaid within nine months of the year end.