Zenithgold Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01593045 (England and Wales)

Financial Statements for the Year Ended 31 May 2019

for

Zenithgold Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Cardew

Ms S Y Lark

R Butler

C Black

S P D Ludders

SECRETARY:

Prior Estates Limited

REGISTERED OFFICE:

First Floor

Leonard House

7 Newman Road

Bromley

Kent

BR1 1RJ

REGISTERED NUMBER:

01593045 (England and Wales)

ACCOUNTANTS:

Burnbecks Limited

Chartered Certified Accountants

2B Haddo Street

Greenwich

London

SE10 9RN

FIXED ASSETS

Tangible assets

3

22,359

22,359

CURRENT ASSETS

Debtors

40,908

41,967

Cash at bank

197,940

97,622

238,848

139,589

CREDITORS

Amounts falling due within one year

20,039

1,382

NET CURRENT ASSETS

218,809

138,207

TOTAL ASSETS LESS CURRENT LIABILITIES

241,168

160,566

CAPITAL AND RESERVES

Called up share capital

4

13,200

13,200

Lease premium reserve

5

201,388

120,388

Retained earnings

5

26,580

26,978

SHAREHOLDERS' FUNDS

241,168

160,566

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 December 2019 and were signed on its behalf by:

R Butler - Director

1.	STATUTORY INFORMATION

Zenithgold Limited is a private company, limited by shares , registered in England and Wales. 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.

Income

Income from ground rents is taken to the Profit and Loss Account in the period in which it is due. Income

received from the granting of new leases at a premium is dealt with in the Profit and Loss Account and

transferred to the Lease Premium Reserve in the period in which it is actually received. All other income is

accounted for as received.

Depreciation

The freehold property is not depreciated which is in accordance with Statement of Accounting Policy No. 19.

The Directors consider that this accounting policy, although a departure from the Companies Act 2006, results

in the accounts giving a true and fair view. Depreciation is only one of the many factors reflected in the

valuation of properties and the amount which might otherwise have been shown cannot be separately identified

or quantified.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2018

and 31 May 2019

22,359

NET BOOK VALUE

At 31 May 2019

22,359

At 31 May 2018

22,359

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.19

31.5.18

value:

£

£

66

Ordinary

£200

13,200

13,200

5.

RESERVES

Lease

Retained

premium

earnings

reserve

Totals

£

£

£

At 1 June 2018

26,978

120,388

147,366

Profit for the year

80,602

80,602

Transfer from Profit and Loss

-

81,000

81,000

Net transfer to lease premium

(81,000

)

-

(81,000

)

At 31 May 2019

26,580

201,388

227,968

6.	SERVICE CHARGE ACCOUNTS

The day to day management of the properties for the year under review was handled by Prior Estates Limited

on a "self-financing" basis. Details of transactions during the year are provided in the accompanying Service

Charge Accounts.