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ZEAL HOTELS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST APRIL 2023 TO 30TH SEPTEMBER 2024






ZEAL HOTELS LTD (REGISTERED NUMBER: 07579481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2023 TO 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZEAL HOTELS LTD

COMPANY INFORMATION
FOR THE PERIOD 1ST APRIL 2023 TO 30TH SEPTEMBER 2024







DIRECTORS: A P Clark
S C Lousada
G J Sturge
T J Wheeldon





REGISTERED OFFICE: Estate Office
Oakley House
Oakley
Bedford
Bedfordshire
MK43 7ST





REGISTERED NUMBER: 07579481 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

ZEAL HOTELS LTD (REGISTERED NUMBER: 07579481)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,547,910 1,248

CURRENT ASSETS
Debtors 5 6,804 16,512
Cash at bank 75 775
6,879 17,287
CREDITORS
Amounts falling due within one year 6 1,477,838 35,690
NET CURRENT LIABILITIES (1,470,959 ) (18,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,951

(17,155

)

CREDITORS
Amounts falling due after more than one
year

7

304,434

109,894
NET LIABILITIES (227,483 ) (127,049 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (227,583 ) (127,149 )
(227,483 ) (127,049 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th September 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.

ZEAL HOTELS LTD (REGISTERED NUMBER: 07579481)

BALANCE SHEET - continued
30TH SEPTEMBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st March 2025 and were signed on its behalf by:





S C Lousada - Director


ZEAL HOTELS LTD (REGISTERED NUMBER: 07579481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST APRIL 2023 TO 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Zeal Hotels 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of twenty five years.

Intellectual property rights are amortised evenly over their estimated useful life of five years from the completion of the concept.

Taxation
Taxation for the period 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 period 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 period was NIL (2023 - NIL).

ZEAL HOTELS LTD (REGISTERED NUMBER: 07579481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2023 TO 30TH SEPTEMBER 2024

4. INTANGIBLE FIXED ASSETS
Intellectual
property
Trademarks rights Totals
£    £    £   
COST
At 1st April 2023 1,300 - 1,300
Additions - 1,546,740 1,546,740
At 30th September 2024 1,300 1,546,740 1,548,040
AMORTISATION
At 1st April 2023 52 - 52
Amortisation for period 78 - 78
At 30th September 2024 130 - 130
NET BOOK VALUE
At 30th September 2024 1,170 1,546,740 1,547,910
At 31st March 2023 1,248 - 1,248

In the opinion of the directors, the intellectual property rights have a useful live of five years, representing the period they believe it will take their competitors to catch up with their design concept.

Amortisation is only charged from the time the concept is complete, anticipated to be Spring 2025.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 4,080 4,080
Other debtors 100 100
VAT 2,624 3,848
Prepayments and accrued income - 8,484
6,804 16,512

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,676 17,080
Amounts owed to participating interests 14,422 14,422
Accruals and deferred income 1,460,740 4,188
1,477,838 35,690

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to participating interests 304,434 109,894

ZEAL HOTELS LTD (REGISTERED NUMBER: 07579481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST APRIL 2023 TO 30TH SEPTEMBER 2024

8. RELATED PARTY DISCLOSURES

Lousada plc is a company controlled by Mr S C Lousada, a director and shareholder in the company.

Included within creditors due after more than one year is a loan from Lousada plc of £304,434 (2023 £109,894).

Interest was paid on this loan of £28,716 in the period (2023 £nil).

9. FIRST YEAR ADOPTION

No transitional adjustments were deemed necessary to equity or retained earnings on transition to FRS 102 1A.