ZELPY 1427 UK LTD

Company Registration Number:
14449222 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 28 October 2022

End date: 31 October 2023

ZELPY 1427 UK LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

ZELPY 1427 UK LTD

Balance sheet

As at 31 October 2023


Notes

2023


£
Fixed assets
Investments: 3 2,229,150
Total fixed assets: 2,229,150
Current assets
Debtors: 4 3,500
Cash at bank and in hand: 162
Total current assets: 3,662
Creditors: amounts falling due within one year: 5 (3,500)
Net current assets (liabilities): 162
Total assets less current liabilities: 2,229,312
Creditors: amounts falling due after more than one year:   0
Provision for liabilities: (2,266,499)
Total net assets (liabilities): (37,187)
Capital and reserves
Called up share capital: 100
Profit and loss account: (37,287)
Shareholders funds: (37,187)

The notes form part of these financial statements

ZELPY 1427 UK LTD

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 December 2023
and signed on behalf of the board by:

Name: Mark Newton Keal
Status: Director

The notes form part of these financial statements

ZELPY 1427 UK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax and trade discounts.Turnover is recognised when the seller obtains the right to consideration in exchange for its performance,usually on dispatch of the goods.

Other accounting policies

Current taxationCurrent tax is recognised in the profit and loss account, except to the extent that it is attributable to a gain or lossthat has been recognised directly in the statement of total recognised gains or losses. In this case, tax isrecognised in this statement. Current tax is measured at the amounts of tax expected to be paid or recoveredusing the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred taxationDeferred tax is recognised in respect of all timing differences that have originated but not reversed at thebalance sheet date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it ismore likely than not that they will be recovered against the reversal of deferred tax liabilities or other futuretaxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in theperiods in which timing differences are expected to reverse, based on tax rates and laws enacted at the balancesheet date.Provision for liabilitiesProvisions are recognised when it is probable that a present obligation exists, as a result of a past event, and atransfer of economic benefits is required in settlement that can be estimated reliably.Provisions are recorded at the best estimate of the expenditure required to settle the obligation at the balancesheet date. A review is carried out at each balance sheet date and the amount adjusted to reflect the current bestestimate.Where discounting is used, the unwinding of the discount is recognised as a finance cost in the profitand loss account.FINANCIAL INSTRUMENTSFinancial instruments are classified and accounted for according to the substance of contractual arrangements,as either financial assets, financial liabilities or equity instruments.

ZELPY 1427 UK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023
Average number of employees during the period 0

ZELPY 1427 UK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Fixed investments

Investments 2022 No. of shares % holding £Unlisted investmentsKendal Retail Limited - shares & loan account 126 42.00% 1 557 559Investment consists of 42% of the following property situated at:Marks and Spencer situated in Library Road, Kendal, United KingdomAll the entities are incorporated in the United Kingdom and share the year end of the company.

ZELPY 1427 UK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023
£
Debtors due after more than one year: 3,500

ZELPY 1427 UK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

Trade and other payables 2022 £Trade creditors 3 500

ZELPY 1427 UK LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Related party transactions

Name of the related party: Zelpy 1427 (Pty) Ltd (Incorporated in SOUTH AFRICA)
Relationship:
Shareholder
Description of the Transaction: The above loan is unsecured, bears interest at a variable rate and has no fixed term of repayment.Funds were raised in South Africa by the shareholder and loaned to Zelpy 1427 UK Limited after successfully applying for a foreign direct investment through the South African Reserve Bank (SARB)
£
Balance at 31 October 2023 2,266,499

The company is controlled by the director and its shareholder Zelpy 1427 (Pty) Ltd. Zelpy 1427 (Pty) Ltd is incorporated in South Africa. Mr MN Keal is not a director of Zelpy 1427 (Pty) Ltd.