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REGISTERED NUMBER: 04983974 (England and Wales)















Audited Financial Statements for the Year Ended 31st March 2024

for

Zimcor Limited

Zimcor Limited (Registered number: 04983974)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Zimcor Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: E Bland
W R Whymark



REGISTERED OFFICE: Unit1, Lancaster Court
Coronation Road
Cressex Business Park
High Wycombe
Buckinghamshire
HP12 3TD



REGISTERED NUMBER: 04983974 (England and Wales)



SENIOR STATUTORY AUDITOR: S, Paramaguru (FCCA)



AUDITORS: Param & Company Limited
1st Floor
44-50 The Broadway
Southall
Middlesex
UB1 1QB

Zimcor Limited (Registered number: 04983974)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,821,663 1,873,157

CURRENT ASSETS
Debtors 5 1,912,787 1,349,185
Cash at bank 5,316 277
1,918,103 1,349,462
CREDITORS
Amounts falling due within one year 6 5,266,731 3,738,584
NET CURRENT LIABILITIES (3,348,628 ) (2,389,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(526,965

)

(515,965

)

CREDITORS
Amounts falling due after more than one
year

7

15,660

25,781
NET LIABILITIES (542,625 ) (541,746 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (543,625 ) (542,746 )
SHAREHOLDERS' FUNDS (542,625 ) (541,746 )

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 27th March 2025 and were signed on its behalf by:





E Bland - Director


Zimcor Limited (Registered number: 04983974)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Zimcor Limited 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.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 1,873,157
Additions 948,506
At 31st March 2024 2,821,663
NET BOOK VALUE
At 31st March 2024 2,821,663
At 31st March 2023 1,873,157

Zimcor Limited (Registered number: 04983974)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 1,169,778 -
Other debtors 743,009 1,349,185
1,912,787 1,349,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,548,856 2,416,535
Trade creditors - 544,355
Amounts owed to group undertakings 940,181 777,694
Other creditors 777,694 -
5,266,731 3,738,584

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,660 25,781

8. SECURED DEBTS

Included within bank loans if a Development loan facility with Shawbrook Bank Limited for use in a construction project. This facility was due to expire in January 2024, however has been extended to March 2025 when it will be repayable in full. At the year end the draw downs on this loan facility total £ 3,538,738 (2023: £ 2,406,670).

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S, Paramaguru (FCCA) (Senior Statutory Auditor)
for and on behalf of Param & Company Limited

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

31.3.24 31.3.23
£    £   
E Bland
Balance outstanding at start of year 243,009 (494,321 )
Amounts advanced - 737,330
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 243,009

Zimcor Limited (Registered number: 04983974)

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


11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Coin Group Limited.