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REGISTERED NUMBER: 12312297 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

ZFG Properties Ltd

ZFG Properties Ltd (Registered number: 12312297)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZFG Properties Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Ms C L Lowes
Mr A T Lowes





SECRETARY: Mr N G Hall





REGISTERED OFFICE: 18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY





REGISTERED NUMBER: 12312297 (England and Wales)





ACCOUNTANTS: Franklins
18 St Christopher's Way
Pride Park
Derby
Derbyshire
DE24 8JY

ZFG Properties Ltd (Registered number: 12312297)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 640,000 470,000

CURRENT ASSETS
Debtors 5 60 15,194
Cash at bank 15,788 12,829
15,848 28,023
CREDITORS
Amounts falling due within one year 6 149,467 2,597
NET CURRENT (LIABILITIES)/ASSETS (133,619 ) 25,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

506,381

495,426

CREDITORS
Amounts falling due after more than one
year

7

(336,585

)

(336,561

)

PROVISIONS FOR LIABILITIES (2,941 ) (1,822 )
NET ASSETS 166,855 157,043

CAPITAL AND RESERVES
Called up share capital 8 10 10
Non-distributable reserve 9 8,823 5,466
Retained earnings 158,022 151,567
SHAREHOLDERS' FUNDS 166,855 157,043

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ZFG Properties Ltd (Registered number: 12312297)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Mr A T Lowes - Director


ZFG Properties Ltd (Registered number: 12312297)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

ZFG Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 of the company relates to the rental income received on the investment properties owned.

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ZFG Properties Ltd (Registered number: 12312297)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 470,000
Additions 165,524
Revaluations 4,476
At 31 August 2024 640,000
NET BOOK VALUE
At 31 August 2024 640,000
At 31 August 2023 470,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 640,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 628,236 462,712

Investment property was valued on an open market basis on 31 August 2024 by Mr A Lowes .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 15,000
Prepayments and accrued income 60 194
60 15,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,514 367
Other creditors 145,099 -
Directors' current accounts 2,020 1,396
Accruals and deferred income 834 834
149,467 2,597

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more than 5 years 336,585 336,561

ZFG Properties Ltd (Registered number: 12312297)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 336,585 336,561

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

9. RESERVES
Non-distributable
reserve
£   
At 1 September 2023 5,466
Non-distributable reserve 3,357

At 31 August 2024 8,823

10. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors and under common control amounted to £145,099 (2023: £Nil).