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REGISTERED NUMBER: 10473629 (England and Wales)















ZHPT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26 NOVEMBER 2023






ZHPT LIMITED (REGISTERED NUMBER: 10473629)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 NOVEMBER 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


ZHPT LIMITED (REGISTERED NUMBER: 10473629)

STATEMENT OF FINANCIAL POSITION
26 NOVEMBER 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 130,374 170,766
Investments 5 575 675
Investment property 6 24,688,088 24,280,266
24,819,037 24,451,707

Current assets
Debtors 7 4,942,452 5,667,034
Cash at bank and in hand 165,547 11,143
5,107,999 5,678,177
Creditors
Amounts falling due within one year 8 (8,511,534 ) (8,778,656 )
Net current liabilities (3,403,535 ) (3,100,479 )
Total assets less current liabilities 21,415,502 21,351,228

Creditors
Amounts falling due after more than one
year

9

(7,664,611

)

(8,052,451

)

Provisions for liabilities (2,163,524 ) (2,163,524 )
Net assets 11,587,367 11,135,253

Capital and reserves
Called up share capital 100 100
Revaluation reserve 10 9,223,446 9,223,446
Retained earnings 2,363,821 1,911,707
11,587,367 11,135,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ZHPT LIMITED (REGISTERED NUMBER: 10473629)

STATEMENT OF FINANCIAL POSITION - continued
26 NOVEMBER 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 May 2025 and were signed by:





Mr Imran Patel - Director


ZHPT LIMITED (REGISTERED NUMBER: 10473629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 NOVEMBER 2023


1. Statutory information

ZHPT Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10473629

Registered office: Former Preston College
Moor Park Avenue
Preston
PR1 6AS

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Grants are credited to deferred revenue. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over the life of the lease
Fixtures and fittings - 20% per annum straight line basis

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.


ZHPT LIMITED (REGISTERED NUMBER: 10473629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 NOVEMBER 2023


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

3. Employees and directors

The average number of employees during the year was 11 (2022 - 6 ) .

ZHPT LIMITED (REGISTERED NUMBER: 10473629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 NOVEMBER 2023


4. Tangible fixed assets
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
Cost
At 27 November 2022 15,000 198,958 - 213,958
Additions - - 153,895 153,895
Disposals - - (153,895 ) (153,895 )
At 26 November 2023 15,000 198,958 - 213,958
Depreciation
At 27 November 2022 3,400 39,792 - 43,192
Charge for year 600 39,792 - 40,392
At 26 November 2023 4,000 79,584 - 83,584
Net book value
At 26 November 2023 11,000 119,374 - 130,374
At 26 November 2022 11,600 159,166 - 170,766

5. Fixed asset investments
Other
investments
£   
Cost
At 27 November 2022 675
Disposals (100 )
At 26 November 2023 575
Net book value
At 26 November 2023 575
At 26 November 2022 675

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Stuart House (Preston) Ltd
Registered office: Stuart House Caxton Road, Preston, PR2 9RW
Nature of business: Letting and operating of real estate
%
Class of shares: holding
Ordinary shares 100.00

ZHPT (Eastway) Ltd
Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS
Nature of business: Holding company
%
Class of shares: holding
Ordinary shares 100.00

ZHPT (Cottam) Ltd
Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS
Nature of business: Holding company
%
Class of shares: holding
Ordinary shares 100.00

ZHPT LIMITED (REGISTERED NUMBER: 10473629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 NOVEMBER 2023


5. Fixed asset investments - continued

ZHPT (Plungington) Ltd
Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS
Nature of business: Holding company
%
Class of shares: holding
Ordinary shares 100.00

ZHPT (Deepdale) Ltd
Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS
Nature of business: Holding company
%
Class of shares: holding
Ordinary shares 100.00

Glencourse (Fulwood) Ltd
Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS
Nature of business: Holding Company
%
Class of shares: holding
Ordinary shares 100.00

6. Investment property
Total
£   
Fair value
At 27 November 2022 24,280,266
Additions 407,822
At 26 November 2023 24,688,088
Net book value
At 26 November 2023 24,688,088
At 26 November 2022 24,280,266

Fair value at 26 November 2023 is represented by:
£   
Valuation in 2021 11,386,970
Cost 13,301,118
24,688,088

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 13,047,668 12,893,296

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 253,654 92,871
Other debtors 4,688,798 5,574,163
4,942,452 5,667,034

ZHPT LIMITED (REGISTERED NUMBER: 10473629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 NOVEMBER 2023


8. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 675,514 675,514
Trade creditors 348,006 135,452
Taxation and social security 673,841 714,686
Other creditors 6,814,173 7,253,004
8,511,534 8,778,656

The bank loan and overdrafts are secured over the company's freehold and leasehold properties and other assets. The director and shareholders have given limited personal guarantees to the company's bankers in respect of specific credit arrangements.

9. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 7,664,611 8,052,451

The bank loan is secured over the company's freehold and leasehold properties and other assets. The director and shareholders have given limited personal guarantees to the company's bankers in respect of specific credit arrangements.

10. Reserves
Revaluation
reserve
£   
At 27 November 2022
and 26 November 2023 9,223,446

11. Related party disclosures

At 26 November 2023 company owed £199 to the director (2022: £NIL). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.

Included within other debtors payable within one year is an amount of £1,692 (2022: £9,494 Cr) owed by Stuart House (Preston) Ltd in which Imran Patel is a director. The loan is interest free and unsecured and repayable on demand.

Included within other debtors payable within one year is an amount of £3,543,531 (2022: £3,410,753) owed by ZHPT (Eastway) Ltd in which Imran Patel is a director. The loan is interest free and unsecured and repayable on demand.

12. Group accounts

For the period ended 26 November 2023, the company was exempt from preparing group accounts under the small companies regime.