REGISTERED NUMBER: SC583409 (Scotland)

Zest Coombe Road Limited

Unaudited Financial Statements

for the Period 1 January 2023 to 30 June 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A E White

SECRETARY:

K D Murdoch

REGISTERED OFFICE:

Whitekirk Mains Farm

Whitekirk

Dunbar

East Lothian

EH42 1XS

REGISTERED NUMBER:

SC583409 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland plc

32 Court Street

Haddington

East Lothian

EH41 3NS

CURRENT ASSETS

Stocks

2,225,956

1,827,031

Debtors

4

2,229

819,471

Cash at bank

14,081

19,448

2,242,266

2,665,950

CREDITORS

Amounts falling due within one year

5

5,071,087

4,631,107

NET CURRENT LIABILITIES

(2,828,821

)

(1,965,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,828,821

)

(1,965,157

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,828,921

)

(1,965,257

)

SHAREHOLDERS' FUNDS

(2,828,821

)

(1,965,157

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 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.

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 12 June 2025 and were signed by:

A E White - Director

1.	STATUTORY INFORMATION

Zest Coombe Road Limited is a private company, limited by shares , registered in Scotland. 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.

Stocks

Stock represents the work in progress incurred on development property. Property in progress at the year end are stated at realisable value, which takes into account any provisions for future losses.

Taxation

Taxation for the period 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 period 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.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

Going concern

The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. The company requires the support of its creditors and directors, who have indicated their support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2022

£

£

Other debtors

2,229

819,471

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2022

£

£

Bank loans and overdrafts

978,313

968,647

Trade creditors

-

10,000

Taxation and social security

-

321

Other creditors

4,092,774

3,652,139

5,071,087

4,631,107

6.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2022

£

£

Bank loans

978,313

968,647

Bank loans are secured by way of fixed and floating charges in favour of United Trust Bank

7.	POST BALANCE SHEET EVENTS

On 13 December 2024 the directors agreed to issue up to £2,150,000 of unsecured loan notes. The first subscription resulted in £150,000 of loan notes being issued. The loan notes are redeemable on 30 September 2026.

The bank loan was refinanced with West One Loan Limited on 23 May 2025.