Zennor Developments Limited - Accounts to registrar (filleted) - small 17.3

Zennor Developments Limited - Accounts to registrar (filleted) - small 17.3


IRIS Accounts Productionv17.3.1.106SC357952Board of Directors1.5.1630.4.1730.4.17falsetruefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3579522016-04-30SC3579522017-04-30SC3579522016-05-012017-04-30SC3579522015-04-30SC3579522015-05-012016-04-30SC3579522016-04-30SC357952ns15:Scotland2016-05-012017-04-30SC357952ns14:PoundSterling2016-05-012017-04-30SC357952ns10:Director12016-05-012017-04-30SC357952ns10:PrivateLimitedCompanyLtd2016-05-012017-04-30SC357952ns10:SmallEntities2016-05-012017-04-30SC357952ns10:AuditExempt-NoAccountantsReport2016-05-012017-04-30SC357952ns10:SmallCompaniesRegimeForDirectorsReport2016-05-012017-04-30SC357952ns10:SmallCompaniesRegimeForAccounts2016-05-012017-04-30SC357952ns10:FullAccounts2016-05-012017-04-30SC357952ns10:OrdinaryShareClass12016-05-012017-04-30SC357952ns10:Director22016-05-012017-04-30SC357952ns10:CompanySecretary12016-05-012017-04-30SC357952ns10:RegisteredOffice2016-05-012017-04-30SC357952ns5:CurrentFinancialInstruments2017-04-30SC357952ns5:CurrentFinancialInstruments2016-04-30SC357952ns5:Non-currentFinancialInstruments2017-04-30SC357952ns5:Non-currentFinancialInstruments2016-04-30SC357952ns5:ShareCapital2017-04-30SC357952ns5:ShareCapital2016-04-30SC357952ns5:RetainedEarningsAccumulatedLosses2017-04-30SC357952ns5:RetainedEarningsAccumulatedLosses2016-04-30SC357952ns5:MotorVehicles2016-04-30SC357952ns5:ComputerEquipment2016-04-30SC357952ns5:MotorVehicles2016-05-012017-04-30SC357952ns5:ComputerEquipment2016-05-012017-04-30SC357952ns5:MotorVehicles2017-04-30SC357952ns5:ComputerEquipment2017-04-30SC357952ns5:MotorVehicles2016-04-30SC357952ns5:ComputerEquipment2016-04-30SC357952ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-04-30SC357952ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-04-30SC357952ns5:DeferredTaxation2016-04-30SC357952ns5:DeferredTaxation2016-05-012017-04-30SC357952ns5:DeferredTaxation2017-04-30SC357952ns10:OrdinaryShareClass12017-04-30


REGISTERED NUMBER: SC357952(Scotland)













Unaudited Financial Statements

for the Year Ended 30 April 2017

for

Zennor Developments Limited

Zennor Developments Limited (Registered number: SC357952)






Contents of the Financial Statements
for the Year Ended 30 April 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zennor Developments Limited

Company Information
for the Year Ended 30 April 2017







DIRECTORS: C D Richmond
Mrs V Richmond





SECRETARY: A H & Co Ltd





REGISTERED OFFICE: 6 Logie Mill
Beaverbank Business Park
Edinburgh
Lothian
EH7 4HG





REGISTERED NUMBER: SC357952(Scotland)





ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG

Zennor Developments Limited (Registered number: SC357952)

Balance Sheet
30 April 2017

30.4.17 30.4.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,952 8,529

CURRENT ASSETS
Debtors 5 68,519 48,670
Cash at bank 364 3,086
68,883 51,756
CREDITORS
Amounts falling due within one year 6 40,972 47,515
NET CURRENT ASSETS 27,911 4,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,863

12,770

CREDITORS
Amounts falling due after more than one
year

7

(3,852

)

(2,985

)

PROVISIONS FOR LIABILITIES 8 (1,348 ) (481 )
NET ASSETS 35,663 9,304

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 35,563 9,204
SHAREHOLDERS' FUNDS 35,663 9,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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.

Zennor Developments Limited (Registered number: SC357952)

Balance Sheet - continued
30 April 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 29 January 2018and were signed on its behalf by:





C D Richmond- Director


Zennor Developments Limited (Registered number: SC357952)

Notes to the Financial Statements
for the Year Ended 30 April 2017

1. STATUTORY INFORMATION

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

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts
where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is
provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each
asset on a straight-line basis over its expected useful life, as follows:

Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset,
after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at
the end of its useful life.

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.

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.

Zennor Developments Limited (Registered number: SC357952)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be
made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3(2016 - 3) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2016 7,469 6,498 13,967
Additions 6,750 2,170 8,920
At 30 April 2017 14,219 8,668 22,887
DEPRECIATION
At 1 May 2016 1,494 3,944 5,438
Charge for year 2,844 1,653 4,497
At 30 April 2017 4,338 5,597 9,935
NET BOOK VALUE
At 30 April 2017 9,881 3,071 12,952
At 30 April 2016 5,975 2,554 8,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Trade debtors 7,914 9,558
Other debtors 60,605 39,112
68,519 48,670

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.17 30.4.16
£    £   
Hire purchase contracts 3,419 1,990
Trade creditors 48 126
Taxation and social security 29,120 40,275
Other creditors 8,385 5,124
40,972 47,515

Zennor Developments Limited (Registered number: SC357952)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.17 30.4.16
£    £   
Hire purchase contracts 3,852 2,985

8. PROVISIONS FOR LIABILITIES
30.4.17 30.4.16
£    £   
Deferred tax 1,348 481

Deferred
tax
£   
Balance at 1 May 2016 481
Provided during year 867
Balance at 30 April 2017 1,348

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.17 30.4.16
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £23,462 (2016 - £64,470) were paid to the directors .

As at 30 April 2017 £nil (2016 - £nil) was due to the directors.

Transactions with related parties during the year and balances outstanding at the year end were as follows:





Related Party




Type of Transaction




Amount
Balance
receivable or
(payable) by
related party as at
30.4.17
Balance
receivable or
(payable) by
related party as at
30.4.16

Lilybank Flats
Limited

Loan

£20,269 (2016: £18,605)

£57,707

£37,438

IT Brolly Limited Loan £679 (2016: £458) £1,516 £837

Stonebeck Limited Loan £545 (2016: £458) £1,382 £837


The directors of Zennor Development Limited, are also directors of Lilybank Flats Limited, IT Brolly
Limited and Stonebeck Limited

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C D Richmond and wife Mrs V Richmond acting in consort.

Zennor Developments Limited (Registered number: SC357952)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2017

12. FIRST YEAR ADOPTION

Transitional relief
These are the first financial statements that comply with FRS 102 (Section 1A). The company transitioned to
FRS 102 (Section 1A) on 1 May 2015

No transitional adjustments were required in equity or profit or loss for the year.