Zone L.Mayfair Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04282246 (England and Wales)

ZONE L.MAYFAIR LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2021

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

Directors:

R Ferretti

G A Markwick

Registered office:

First Floor

Saggar House

Princes Drive

Worcester

WR1 2PG

Registered number:

04282246 (England and Wales)

Accountants:

Haines Watts Birmingham LLP

5-6 Greenfield Crescent

Edgbaston

Birmingham

West Midlands

B15 3BE

Current assets

Debtors

5

1,013,410

1,021,600

Cash at bank

2,515

97,212

1,015,925

1,118,812

Creditors

Amounts falling due within one year

6

942,436

943,613

Net current assets

73,489

175,199

Total assets less current liabilities

73,489

175,199

Capital and reserves

Called up share capital

1,362

1,362

Retained earnings

72,127

173,837

Shareholders' funds

73,489

175,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 and authorised for issue on 13 December 2022 and were signed on its behalf by:

R Ferretti - Director

G A Markwick - Director

1.	Statutory information

Zone L.Mayfair 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	Employees and directors

The average number of employees during the year was NIL (2020 - NIL).

4.	Intangible fixed assets

Other

intangible

assets

€

Cost

At 1 January 2021

and 31 December 2021

290,389

Amortisation

At 1 January 2021

and 31 December 2021

290,389

Net book value

At 31 December 2021

-

At 31 December 2020

-

5.

Debtors: amounts falling due within one year

2021

2020

€

€

Trade debtors

-

11,432

Amounts owed by group undertakings

954,048

950,408

VAT

59,362

59,760

1,013,410

1,021,600

6.

Creditors: amounts falling due within one year

2021

2020

€

€

Trade creditors

587,791

588,968

Other creditors

172,644

172,644

Accruals and deferred income

182,001

182,001

942,436

943,613