Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-3102024-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity0falsetruefalse 14776994 2024-04-01 2025-03-31 14776994 2023-04-03 2024-03-31 14776994 2025-03-31 14776994 2024-03-31 14776994 c:Director2 2024-04-01 2025-03-31 14776994 d:CurrentFinancialInstruments 2025-03-31 14776994 d:CurrentFinancialInstruments 2024-03-31 14776994 d:Non-currentFinancialInstruments 2025-03-31 14776994 d:Non-currentFinancialInstruments 2024-03-31 14776994 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 14776994 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14776994 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 14776994 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 14776994 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-03-31 14776994 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 14776994 d:ShareCapital 2025-03-31 14776994 d:ShareCapital 2024-03-31 14776994 d:RetainedEarningsAccumulatedLosses 2025-03-31 14776994 d:RetainedEarningsAccumulatedLosses 2024-03-31 14776994 c:OrdinaryShareClass1 2024-04-01 2025-03-31 14776994 c:OrdinaryShareClass1 2025-03-31 14776994 c:OrdinaryShareClass1 2024-03-31 14776994 c:FRS102 2024-04-01 2025-03-31 14776994 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14776994 c:FullAccounts 2024-04-01 2025-03-31 14776994 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14776994 2 2024-04-01 2025-03-31 14776994 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14776994









ZCS1 PROP LIMITED (PREVIOUSLY ZCS1 LIMITED)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
ZCS1 PROP LIMITED (PREVIOUSLY ZCS1 LIMITED)
REGISTERED NUMBER: 14776994

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

  

Current assets
  

Stocks
 4 
31,073,405
29,610,206

Debtors: amounts falling due within one year
 5 
1,494,680
3,195,056

Cash at bank and in hand
 6 
724,777
2,063,242

  
33,292,862
34,868,504

Creditors: amounts falling due within one year
 7 
(523,279)
(894,155)

Net current assets
  
 
 
32,769,583
 
 
33,974,349

Total assets less current liabilities
  
32,769,583
33,974,349

Creditors: amounts falling due after more than one year
 8 
(34,482,000)
(34,482,000)

  

Net liabilities
  
(1,712,417)
(507,651)


Capital and reserves
  

Called up share capital 
 10 
2
2

Profit and loss account
  
(1,712,419)
(507,653)

  
(1,712,417)
(507,651)

Page 1

 
ZCS1 PROP LIMITED (PREVIOUSLY ZCS1 LIMITED)
REGISTERED NUMBER: 14776994
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




F McKinnon
Director

Date: 16 April 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
ZCS1 PROP LIMITED (PREVIOUSLY ZCS1 LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

ZCS1 Prop Limited is a private company limited by shares and incorporated in England and Wales (registered number 14776994). The registered office address is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the Company.
The principal activity of the Company is property development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis. The Company is dependent on the directors and shareholders for financial support, which the directors are confident will continue for a period of at least another 12 months following the approval of these financial statements.
As at 31st March 2025, the Company had net liabilities of £1,712,417. The directors and shareholders have indicated their present intention to provide adequate finance to enable the Company to continue in operational existence, and on this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not reflect any adjustments that would result from a withdrawal of financial support by the directors and shareholders.

Page 3

 
ZCS1 PROP LIMITED (PREVIOUSLY ZCS1 LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Eligible borrowing costs directly attributable to the construction of qualifying assets are capitalised to stock. Capitalised costs are deferred and recognised as an expense in the period in which the stock is sold.

Page 4

 
ZCS1 PROP LIMITED (PREVIOUSLY ZCS1 LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees during the year was 0 (2024 - 0).


4.


Stocks

2025
2024
£
£

Property
31,073,405
29,610,206

31,073,405
29,610,206


Page 5

 
ZCS1 PROP LIMITED (PREVIOUSLY ZCS1 LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Trade debtors
7,544
-

Amounts owed by group undertakings
1,301,387
2,985,451

Other debtors
157,695
180,183

Prepayments and accrued income
28,054
29,422

1,494,680
3,195,056



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
724,777
2,063,242

724,777
2,063,242



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
95,320
319,715

Other creditors
144,020
143,304

Accruals and deferred income
283,939
431,136

523,279
894,155



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other loans
19,520,000
19,520,000

Amounts owed to group undertakings
14,962,000
14,962,000

34,482,000
34,482,000


Page 6

 
ZCS1 PROP LIMITED (PREVIOUSLY ZCS1 LIMITED)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£


Amounts falling due after 1 year

Other loans
19,520,000
19,520,000



19,520,000
19,520,000


The assets of the Company are secured by fixed and floating charge.


10.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



2 (2024 - 2) Ordinary shares of £1.00 each
2
2


 
Page 7