Company Registration No. 04555682 (England and Wales)
ZANDER GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
ZANDER GROUP LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
ZANDER GROUP LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Non-current assets
Intangible assets
2
350
350
Investments
3
6,292
6,292
6,642
6,642
Current assets
Trade and other receivables
4
3,386,657
3,386,657
Current liabilities
5
(22,146)
(22,146)
Net current assets
3,364,511
3,364,511
Total assets less current liabilities
3,371,153
3,371,153
Equity
Called up share capital
6
349,745
349,745
Share premium account
2,980,801
2,980,801
Retained earnings
40,607
40,607
Total equity
3,371,153
3,371,153
The directors of the company have elected not to include a copy of the income statement within the financial statements.
true
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 December 2019 and are signed on its behalf by:
Earl of Oxford and Asquith
Director
Company Registration No. 04555682
ZANDER GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
1
Accounting policies
Company information
Zander Group Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Mutual House, 70 Conduit Street, London, W1S 2GF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Income statement
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Income statement is presented
in these financial statements.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated
amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date
where
it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the
fair
value of the asset can be measured reliably.
1.5
Non-current investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
ZANDER GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
1
Accounting policies
(Continued)
- 3 -
1.6
Research and development
Research and development expenditure is written off to the profit and loss account in the year in which it is incurred.
2
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 April 2018 and 31 March 2019
350
49,995
50,345
Amortisation and impairment
At 1 April 2018 and 31 March 2019
-
49,995
49,995
Carrying amount
At 31 March 2019
350
-
350
At 31 March 2018
350
-
350
3
Fixed asset investments
2019
2018
£
£
Investments
6,292
6,292
Movements in non-current investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2018 & 31 March 2019
6,292
Carrying amount
At 31 March 2019
6,292
At 31 March 2018
6,292
4
Trade and other receivables
2019
2018
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3,386,656
3,386,656
Other receivables
1
1
3,386,657
3,386,657
ZANDER GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
4
Trade and other receivables
(Continued)
- 4 -
5
Current liabilities
2019
2018
£
£
Amounts owed to group undertakings
255
255
Other payables
21,891
21,891
22,146
22,146
6
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
34,974,548 Ordinary shares of 1p each
349,745
349,745