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REGISTERED NUMBER: 12769415 (England and Wales)















ZHPT (EASTWAY) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






ZHPT (EASTWAY) LTD (REGISTERED NUMBER: 12769415)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


ZHPT (EASTWAY) LTD (REGISTERED NUMBER: 12769415)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 114,830 145,039
Investment property 5 9,000,000 6,581,360
9,114,830 6,726,399

Current assets
Debtors 6 450,870 134,196
Cash at bank and in hand 131 6,355
451,001 140,551
Creditors
Amounts falling due within one year 7 (5,667,688 ) (7,051,533 )
Net current liabilities (5,216,687 ) (6,910,982 )
Total assets less current liabilities 3,898,143 (184,583 )

Creditors
Amounts falling due after more than one
year

8

(2,656,300

)

-

Provisions for liabilities (289,917 ) -
Net assets/(liabilities) 951,926 (184,583 )

Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 968,566 -
Retained earnings (16,740 ) (184,683 )
951,926 (184,583 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ZHPT (EASTWAY) LTD (REGISTERED NUMBER: 12769415)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2024 and were signed by:





Mr Imran Habib Patel - Director


ZHPT (EASTWAY) LTD (REGISTERED NUMBER: 12769415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. Statutory information

Zhpt (Eastway) 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: 12769415

Registered office: Former Preston College
Moor Park Avenue (Entrance Via St. Thoma
Preston
Lancashire
PR1 6AS

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% per annum straight line basis and 20% per annum straight line basis

Investment property
Investment property is 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 Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

ZHPT (EASTWAY) LTD (REGISTERED NUMBER: 12769415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 December 2022 50,738 101,667 44,350 196,755
Additions - 413,341 - 413,341
Disposals - (399,141 ) - (399,141 )
At 30 November 2023 50,738 115,867 44,350 210,955
Depreciation
At 1 December 2022 20,296 20,333 11,087 51,716
Charge for year 10,148 23,173 11,088 44,409
At 30 November 2023 30,444 43,506 22,175 96,125
Net book value
At 30 November 2023 20,294 72,361 22,175 114,830
At 30 November 2022 30,442 81,334 33,263 145,039

5. Investment property
Total
£   
Fair value
At 1 December 2022 6,581,360
Additions 1,127,219
Revaluations 1,291,421
At 30 November 2023 9,000,000
Net book value
At 30 November 2023 9,000,000
At 30 November 2022 6,581,360

The fair value of the investment property as at 30 November 2023 is based on a valuation carried out at that date by the CBRE UK Ltd who are independent of the company and have experience of valuing similar properties.

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 1,291,421
Cost 7,708,579
9,000,000

ZHPT (EASTWAY) LTD (REGISTERED NUMBER: 12769415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 174,026 -
Other debtors 276,844 134,196
450,870 134,196

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 62,238 84,098
Trade creditors 2,560,945 2,626,197
Other creditors 3,044,505 4,341,238
5,667,688 7,051,533

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 2,656,300 -

9. Reserves
Revaluatio
reserve
£   
Transfers from profit and loss 968,566

At 30 November 2023 968,566

10. Ultimate controlling party

The company is ultimately controlled by ZHPT Ltd. ZHPT Ltd is the parent company of ZHPT (Eastway) Ltd. ZHPT Ltd is a company registered in England and Wales, company number - 10473629.