Company Registration No. 05394155 (England and Wales)
ZANDER CORPORATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
ZANDER CORPORATION LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
ZANDER CORPORATION LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Current assets
Trade and other receivables
3
215,151
215,151
Current liabilities
4
(3,477,458)
(3,477,458)
Net current liabilities
(3,262,307)
(3,262,307)
Equity
Called up share capital
5
100
100
Retained earnings
(3,262,407)
(3,262,407)
Total equity
(3,262,307)
(3,262,307)
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. 05394155
ZANDER CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
1
Accounting policies
Company information
Zander Corporation 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
Property, plant and equipment
Property, plant and equipment
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% straight line method
Fixtures, fittings & equipment
15% straight line method
Computer equipment
33% straight line method
Other assets
10% straight line method
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Research and development
Research and development expenditure is written off to the profit and loss account in the year in which it is incurred.
ZANDER CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
- 3 -
2
Property, plant and equipment
Land and buildings
Plant and machinery etc
Other assets
Total
£
£
£
£
Cost
At 1 April 2018 and 31 March 2019
22,045
218,169
20,482
260,696
Depreciation and impairment
At 1 April 2018 and 31 March 2019
22,045
218,169
20,482
260,696
Carrying amount
At 31 March 2019
-
-
-
-
At 31 March 2018
-
-
-
-
3
Trade and other receivables
2019
2018
Amounts falling due within one year:
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
215,151
215,151
4
Current liabilities
2019
2018
£
£
Amounts owed to group undertakings
3,386,656
3,386,656
Other payables
90,802
90,802
3,477,458
3,477,458
5
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100