Registered number
13467172
ZEBA PROPERTIES LIMITED
Filleted Accounts
30 June 2023
ZEBA PROPERTIES LIMITED
Registered number: 13467172
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 12,650,000 12,650,000
Current assets
Debtors 4 441,941 224,070
Cash at bank and in hand 100 100
442,041 224,170
Creditors: amounts falling due within one year 5 (2,500) (2,400)
Net current assets 439,541 221,770
Total assets less current liabilities 13,089,541 12,871,770
Creditors: amounts falling due after more than one year 6 (13,219,238) (12,954,065)
Net liabilities (129,697) (82,295)
Capital and reserves
Called up share capital 100 100
Profit and loss account (129,797) (82,395)
Shareholders' funds (129,697) (82,295)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Saifuzzaman Chowdhury
Director
Approved by the board on 9 September 2024
ZEBA PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Fixed assets investments
Investment
Properties
£
Cost
At 1 July 2022 12,650,000
At 30 June 2023 12,650,000
4 Debtors 2023 2022
£ £
Trade debtors 441,941 224,070
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 2,500 2,400
6 Creditors: amounts falling due after one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 13,219,238 12,954,065
7 Related party transactions
During the year there were transactions between the company and its parent company ZTZ Poperty Ventures Ltd where Mr Saifuzzaman Chowdhury has a participating interest and at the end of the year the company owed to its parent company £13,219,238 (2022: £12,954,065).
8 Other information
ZEBA PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 02-121
8 Devonshire Square
London
England
EC2M 4YJ
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