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REGISTERED NUMBER: 14942758 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

ZINFINITY (UK) LTD

ZINFINITY (UK) LTD (REGISTERED NUMBER: 14942758)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ZINFINITY (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: Mr J P Barrett





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: 14942758 (England and Wales)





AUDITORS: PSJ Alexander & Co
Chartered Accountants & Statutory Auditors
1 Doughty Street
London
WC1N 2PH

ZINFINITY (UK) LTD (REGISTERED NUMBER: 14942758)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 2,777,877 706
Cash at bank 17,939 -
2,795,816 706
CREDITORS
Amounts falling due within one year 5 2,699,526 6,158
NET CURRENT ASSETS/(LIABILITIES) 96,290 (5,452 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,290

(5,452

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 96,190 (5,552 )
SHAREHOLDERS' FUNDS 96,290 (5,452 )

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 director and authorised for issue on 3rd June 2025 and were signed by:





Mr J P Barrett - Director


ZINFINITY (UK) LTD (REGISTERED NUMBER: 14942758)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Zinfinity (UK) Ltd 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.

Turnover
Revenue from the sale of IT hardware is recognised at the point when significant risks and rewards of ownership transfer to the customer, which is typically upon delivery of products.

Revenue is measured at the fair value of the consideration received or receivable, net of trade discounts, value-added tax (VAT), and other sales-related taxes.

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.

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.

Going concern
The directors have assessed the going concern risks to the Company and have concluded that:

- based on the latest management accounts, the company is profitable and the directors are confident that this will
continue in the immediate future.

- the Company's parent undertaking, Zinfinity LLC, registered in USA, has indicated its intention to continue to make
available such funds if required by the company.

The Company is dependent on Zinfinity LLC for providing additional financial support, if required. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, the directors have no reason to believe that it will not do so. The ability of the parent undertaking to continue to provide this support is dependent on its financial position and operational performance.

Based on these indications, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the basis of preparation being inappropriate.

ZINFINITY (UK) LTD (REGISTERED NUMBER: 14942758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,777,877 -
Other debtors - 706
2,777,877 706

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,898,431 -
Amounts owed to group undertakings 623,670 4,158
Taxation and social security 172,425 -
Other creditors 5,000 2,000
2,699,526 6,158

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

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

The Report of the Auditors was unqualified.

Manesh Shah (Senior Statutory Auditor)
for and on behalf of PSJ Alexander & Co

8. RELATED PARTY DISCLOSURES

Zinfinity LLC
Parent Company

The Company undertook the following transactions with its parent undertaking during the year:

2024 2023
£    £   
Management recharges from parent company 207,585 -
Expenses paid by the parent undertaking 46,802 -
Net advances received from parent company 365,125 4,158
Balance payable to parent company at balance sheet date 623,670 4,158

The parent company is also providing financial support to the Company so that it remains a going concern.

ZINFINITY (UK) LTD (REGISTERED NUMBER: 14942758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J P Barrett.

The immediate and ultimate parent undertaking is Zinfinity LLC, a company incorporated and registered in USA. The parent undertaking prepares consolidated financial statements, which incorporates the financial statements of this company. Its registered office address is 550 Reserve Street, Suite 190, Southlake, Texas, USA. The consolidated financial statements of the parent undertaking are not available to the public.