| REGISTERED NUMBER: |
| ZHPT LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26 NOVEMBER 2023 |
| REGISTERED NUMBER: |
| 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 |
| Investments | 5 |
| Investment property | 6 |
| Current assets |
| Debtors | 7 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings |
| 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 were approved by the director and authorised for issue on |
| ZHPT LIMITED (REGISTERED NUMBER: 10473629) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 26 NOVEMBER 2023 |
| 1. | Statutory information |
| ZHPT Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Short leasehold | - |
| Fixtures and fittings | - |
| 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 |
| 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 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 26 November 2023 |
| Depreciation |
| At 27 November 2022 |
| Charge for year |
| At 26 November 2023 |
| Net book value |
| At 26 November 2023 |
| At 26 November 2022 |
| 5. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost |
| At 27 November 2022 |
| Disposals | ( |
) |
| At 26 November 2023 |
| Net book value |
| At 26 November 2023 |
| At 26 November 2022 |
| The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
| Registered office: Stuart House Caxton Road, Preston, PR2 9RW |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS |
| Nature of business: |
| % |
| Class of shares: | holding |
| ZHPT LIMITED (REGISTERED NUMBER: 10473629) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 26 NOVEMBER 2023 |
| 5. | Fixed asset investments - continued |
| Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Former Preston College, Moor Park Avenue, Preston, PR1 6AS |
| Nature of business: |
| % |
| Class of shares: | holding |
| 6. | Investment property |
| Total |
| £ |
| Fair value |
| At 27 November 2022 |
| Additions |
| At 26 November 2023 |
| Net book value |
| At 26 November 2023 |
| At 26 November 2022 |
| 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 |
| Other debtors |
| 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 |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 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 |
| 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 |
| 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. |