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REGISTERED NUMBER: 13504985 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Ziaro Properties Ltd

Ziaro Properties Ltd (Registered number: 13504985)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Ziaro Properties Ltd (Registered number: 13504985)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 150 -
Investment property 5 1,807,000 1,436,117
1,807,150 1,436,117

CURRENT ASSETS
Debtors 6 1,258,720 183,841
Cash at bank 25,788 390,597
1,284,508 574,438
CREDITORS
Amounts falling due within one year 7 2,850,516 2,073,963
NET CURRENT LIABILITIES (1,566,008 ) (1,499,525 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,142

(63,408

)

CREDITORS
Amounts falling due after more than
one year

8

(217,391

)

-

PROVISIONS FOR LIABILITIES (36,599 ) -
NET LIABILITIES (12,848 ) (63,408 )

Ziaro Properties Ltd (Registered number: 13504985)

Statement of Financial Position - continued
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 240,701 86,774
Retained earnings (253,649 ) (150,282 )
SHAREHOLDERS' FUNDS (12,848 ) (63,408 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2024 and were signed by:





Mrs Margaretha Johanna Beltman - Director


Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Ziaro Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13504985

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The company has net liabilities of £12,848. The accounts have been prepared on a going concern basis as the director has confirmed that she will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investment
£   
COST
Additions 150
At 31 July 2023 150
NET BOOK VALUE
At 31 July 2023 150

Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,436,117
Additions 180,357
Revaluations 190,526
At 31 July 2023 1,807,000
NET BOOK VALUE
At 31 July 2023 1,807,000
At 31 July 2022 1,436,117

Investment properties situated at 3 Wellington Road, Blackpool, FY1 6AR, 18 Morgan Street, NP22 3ND, 47 High Street, Treorchy, CF42 6NR, 76 Holmfield Road, Blackpool, FY2 9RS, 145 Reads Avenue, Blackpool, FY1 4JH and 156 - 158 North Promenade, Blackpool, FY1 1RE are under a charge from Ms Lending Spv 1 Limited. The charge was created on 26th May 2023.

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 86,774
Valuation in 2023 190,526
Cost 1,529,700
1,807,000

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Other debtors 741,408 149,642

Amounts falling due after more than one year:
Other debtors 517,312 34,199

Aggregate amounts 1,258,720 183,841

Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 425,000 -
Other creditors 2,425,516 2,073,963
2,850,516 2,073,963

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 217,391 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 425,000 -

The loan amounting to £425,000 is secured by the way of charge on the properties situated at 3 Wellington Road, Blackpool, FY1 6AR, 18 Morgan Street, NP22 3ND, 47 High Street, Treorchy, CF42 6NR, 76 Holmfield Road, Blackpool, FY2 9RS, 145 Reads Avenue, Blackpool, FY1 4JH and 156 - 158 North Promenade, Blackpool, FY1 1RE (disclosed as investment properties). The charge was created in the name of Ms Lending Spv 1 Limited on 26th May 2023.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

11. RESERVES
Fair
value
reserve
£   
At 1 August 2022 86,774
Transfer to/from reserves 153,927

At 31 July 2023 240,701

12. RELATED PARTY DISCLOSURES

The company owes £212 (2022: £212) to its director, Mrs Margaretha Johanna Beltman as at accounting year end date.

The company was owed £359,727 (2022: £125,000) as at accounting year end date from Kaxa Trading Ltd, a company registered in United Kingdom (Company registered number: 13504974). Mrs Margaretha Johanna Beltman is also a director of this company.

The company owes £2,173,100 (2022: £1,990,521) to Appabe B.V., a company registered in Netherlands (Company registered number: 69935491) as at accounting year end date, who is also a sole shareholder of the company as at accounting year end date.

The company was owed £306,500 as at accounting year end date from Our Developments Ltd, a company registered in United Kingdom (Company registered number: 14707173). Mrs Margaretha Johanna Beltman is also a director of this company. Ziaro Properties Ltd is the sole shareholder of this company.

The company was owed £483,113 as at accounting year end date from Tredegar Chambers Limited, a company registered in United Kingdom (Company registered number: 14702507). Mrs Margaretha Johanna Beltman is also a director of this company. Ziaro Properties Ltd is a 25% shareholder of this company.