Zenithgold Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 01593045 (England and Wales)

Financial Statements for the Year Ended 31 May 2022

for

Zenithgold Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Cardew

Ms J Charlick

Ms S Y Lark

A F Perry

Ms S Perry

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

4

22,359

22,359

CURRENT ASSETS

Debtors

101,692

80,620

Cash at bank

130,443

139,077

232,135

219,697

CREDITORS

Amounts falling due within one year

3,814

3,331

NET CURRENT ASSETS

228,321

216,366

TOTAL ASSETS LESS CURRENT LIABILITIES

250,680

238,725

CAPITAL AND RESERVES

Called up share capital

5

13,200

13,200

Lease premium reserve

6

213,738

201,388

Retained earnings

6

23,742

24,137

SHAREHOLDERS' FUNDS

250,680

238,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 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 2022 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 and authorised for issue on 24 October 2022 and were signed on its behalf by:

D Cardew - 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2021

and 31 May 2022

22,359

NET BOOK VALUE

At 31 May 2022

22,359

At 31 May 2021

22,359

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.22

31.5.21

value:

£

£

66

Ordinary

£200

13,200

13,200

6.

RESERVES

Lease

Retained

premium

earnings

reserve

Totals

£

£

£

At 1 June 2021

24,137

201,388

225,525

Profit for the year

11,955

11,955

Transfer from Profit and Loss

-

12,350

12,350

Net transfer to lease premium

(12,350

)

-

(12,350

)

At 31 May 2022

23,742

213,738

237,480

7.	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.