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REGISTERED NUMBER: 02301902 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Zoneformat Limited

Zoneformat Limited (Registered number: 02301902)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Zoneformat Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr A C M Sandbrook Hughes
S K A Sandbrook- Hughes





REGISTERED OFFICE: The Retreat
Groves Avenue
Langland
Swansea
West Glamorgan
SA3 4QF





REGISTERED NUMBER: 02301902 (England and Wales)





ACCOUNTANTS: Cambrian & Co Ltd
13A Victoria Gardens
Neath
West Glamorgan
SA11 3AY

Zoneformat Limited (Registered number: 02301902)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,099,836 4,103,301
Investments 6 - 30,000
4,099,836 4,133,301

CURRENT ASSETS
Stocks 152,532 152,532
Debtors 7 13,569 13,061
Cash at bank 734,559 272,261
900,660 437,854
CREDITORS
Amounts falling due within one year 8 1,136,222 888,872
NET CURRENT LIABILITIES (235,562 ) (451,018 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,864,274

3,682,283

CREDITORS
Amounts falling due after more than one
year

9

876,000

897,000
NET ASSETS 2,988,274 2,785,283

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,988,174 2,785,183
SHAREHOLDERS' FUNDS 2,988,274 2,785,283

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Zoneformat Limited (Registered number: 02301902)

Statement of Financial Position - continued
30 September 2024


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 Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:





S K A Sandbrook- Hughes - Director


Zoneformat Limited (Registered number: 02301902)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Zoneformat Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental income earned on investment properties held, and is recorded on an accruals basis, net of value added tax where appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


Zoneformat Limited (Registered number: 02301902)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 4,103,071 2,873 2,492 4,108,436
Additions 274,590 - - 274,590
Disposals (277,998 ) - - (277,998 )
At 30 September 2024 4,099,663 2,873 2,492 4,105,028
DEPRECIATION
At 1 October 2023 - 2,786 2,349 5,135
Charge for year - 22 35 57
At 30 September 2024 - 2,808 2,384 5,192
NET BOOK VALUE
At 30 September 2024 4,099,663 65 108 4,099,836
At 30 September 2023 4,103,071 87 143 4,103,301

A revaluation of freehold investment property has been made by the directors in 2009, and updated in each subsequent year. In the directors opinion this valuation adequately reflected the valuation of freehold investment property at the current and previous balance sheet date.
The most recent valuation of £4,099,663 was carried out by the director Mr. S K A Sandbrook-Hughes on 30th September 2024. The directors are confident that this is an achievable market value.

Zoneformat Limited (Registered number: 02301902)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023 30,000
Disposals (30,000 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 30,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 2,910 2,402
Amounts due from group company 10,659 10,659
13,569 13,061

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Income received in advance 12,904 16,641
Trade creditors 5,229 6,253
Tax 7,739 7,584
Amounts owed to group company 857,658 857,658
Directors' current accounts 252,692 736
1,136,222 888,872

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans more 5 yrs non-inst 876,000 897,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 876,000 897,000



Zoneformat Limited (Registered number: 02301902)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 876,000 897,000
Bank loans 876,000 -
1,752,000 897,000

11. RELATED PARTY DISCLOSURES

The company operates loan accounts with fellow group companies. The following disclosure indicates the net inter company position in the accounts.

Due from Scenerotor Ltd £10,659 (2023 £10,659)
Due to Westacre Holdings Ltd £857,658 (2023 £857,658)
An interim dividend of £30,000 (2023 £57,000) was paid to the holding company Westacre Holdings Ltd during the year.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Hughes family.

13. ULTIMATE PARENT COMPANY

The company is a subsidiary of Westacre Holdings Ltd.