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Registration number: 11853281

ZSB Properties Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

ZSB Properties Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

ZSB Properties Ltd

(Registration number: 11853281)
Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

83,000

78,885

Current assets

 

Cash at bank and in hand

 

26,255

24,121

Creditors: Amounts falling due within one year

5

(80,925)

(84,540)

Net current liabilities

 

(54,670)

(60,419)

Total assets less current liabilities

 

28,330

18,466

Provisions for liabilities

(782)

-

Net assets

 

27,548

18,466

Capital and reserves

 

Called up share capital

6

20

20

Revaluation reserve

4,115

-

Retained earnings

23,413

18,446

Shareholders' funds

 

27,548

18,466

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 May 2025 and signed on its behalf by:
 

Mrs Z Martin
Director

Mr S E Barnes
Director

 
     
 

ZSB Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
6/7 Pool Court
Pasture Road
Goole
North Humberside
DN14 6HD

These financial statements were authorised for issue by the Board on 8 May 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

 

ZSB Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Investment property

not depreciated

 

ZSB Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 March 2024

78,885

78,885

Revaluations

4,115

4,115

At 28 February 2025

83,000

83,000

Depreciation

Carrying amount

At 28 February 2025

83,000

83,000

At 29 February 2024

78,885

78,885

Included within the net book value of land and buildings above is £83,000 (2024 - £78,885) in respect of freehold land and buildings.
 

 

ZSB Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

78,105

81,780

Taxation and social security

 

1,310

1,280

Accruals and deferred income

 

510

480

Other creditors

 

1,000

1,000

 

80,925

84,540

 

ZSB Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

20

20

20

20

       

7

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

78,105

81,780