Z & Z Investments Limited
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Balance Sheet |
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for the Period Ended 30 June 2017 |
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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The option not to file the profit and loss account has been taken. |
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For the year ending 30 June 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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The members have agreed to the preparation of abridged accounts.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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The financial statements were approved by the Board of Directors on |
2017-10-06
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SIGNED ON BEHALF OF THE BOARD BY |
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Name |
Mr Z. Herzenshtein |
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The notes form part of these financial statements |
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Page 5 |
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Z & Z Investments Limited
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Notes to the Financial Statements |
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for the Period Ended 30 June 2017 |
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1. Accounting policies |
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Basis of preparation |
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The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
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Investments |
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Investments in publicly traded shares are measured at fair value, with changes in fair value recognised |
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in profit or loss. Other investments are measured at cost less impairment. |
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Deferred taxation |
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Deferred tax is recognised in respect of revaluations and timing differences that have originated but notreversed at the balance sheet date.
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Page 6 |
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Z & Z Investments Limited
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Notes to the Financial Statements |
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for the Period Ended 30 June 2017 |
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6. Provisions for liabilities |
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£ |
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Provisions at 1 July 2016 |
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Movements to Deferred taxation |
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1,373
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Movements from |
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At 30 June 2017 |
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1,373
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7. Share capital |
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2017 |
2016 |
Authorised type |
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Par value |
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£ |
£ |
200,000 Ordinary shares |
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1 |
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200,000 |
200,000 |
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Total |
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200,000 |
200,000 |
Allotted, called up and paid |
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£ |
£ |
100,000 Ordinary shares |
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100,000
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100,000
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Total |
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100,000 |
100,000 |
8. Reserves/Retained profit |
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Retained profit reconciliation |
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£ |
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Reserves at 1 July 2016 |
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289,024
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Profit/(Loss) for year |
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712,138
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Dividends paid |
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Retained Profit/(Loss) at 30 June 2017 |
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1,001,162
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Revaluation reserve |
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£ |
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At 1 July 2016 |
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668,734
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Surplus or deficit arising from revaluation |
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(668,734) |
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Reserve at 30 June 2017 |
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Page 9 |