| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| FOR |
| ZINFINITY (UK) LTD |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 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 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The financial statements were approved by the director and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 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 |
| 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. |