Zero Investments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06666372 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

ZERO INVESTMENTS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Sharma

S S Atkar

SECRETARY:

S Sharma

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

06666372 (England and Wales)

ACCOUNTANTS:

Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Zero Investments Limited for the year ended 31 August 2014 which comprise the Profit and Loss

Account, the Balance Sheet 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 icaew.com/membershandbook.

This report is made solely to the Board of Directors of Zero Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zero Investments Limited and state those matters that we have agreed to state to the Board of Directors of Zero Investments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Zero Investments 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 loss of Zero Investments Limited. You consider that Zero Investments 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 Zero Investments 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.

Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

19 May 2015

FIXED ASSETS

Tangible assets

2

790,617

790,617

CREDITORS

Amounts falling due within one year

3

96,627

143,438

NET CURRENT LIABILITIES

(96,627

)

(143,438

)

TOTAL ASSETS LESS CURRENT LIABILITIES

693,990

647,179

CREDITORS

Amounts falling due after more than one year

3

787,797

733,369

NET LIABILITIES

(93,807

)

(86,190

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

(94,807

)

(87,190

)

SHAREHOLDERS' FUNDS

(93,807

)

(86,190

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 May 2015 and were signed on its behalf by:

S S Atkar - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents rent receivable, excluding value added tax. Turnover is recognised on a rent receivable basis

to 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.

Freehold property

In accordance with Financial Reporting Standard for Smaller Entities, no depreciation is provided in respect of

freehold properties or leasehold properties with over 20 years to expiry. This is a departure from the requirement

of the Companies Act 2006 which requires all properties to be depreciated. Such properties are not held for

consumption but for investment and the director consider that to depreciate them would not give a true and fair

view. Depreciation is only one of many factors reflected in the annual valuation of properties and accordingly the

amount of depreciation which might otherwise have been charged cannot be separately identified or quantified.

The director consider that this policy results in the accounts giving a true and fair view.

Depreciation is only one amongst many factors reflected in the annual valuation of properties and accordingly

the amount of depreciation which might otherwise have been charged cannot be separately identified or

quantified. The directors consider that this policy results in the accounts giving a true and fair.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

790,617

NET BOOK VALUE

At 31 August 2014

790,617

At 31 August 2013

790,617

3.

CREDITORS

Creditors include an amount of £ 428,414 (2013 - £ 448,060 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

220,928

240,574

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000