Zavrazos Investment Limited 04128439 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of property investment Digita Accounts Production Advanced 6.30.9574.0 true true 04128439 2024-01-01 2024-12-31 04128439 2024-12-31 04128439 bus:OrdinaryShareClass1 2024-12-31 04128439 core:CurrentFinancialInstruments 2024-12-31 04128439 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04128439 core:Non-currentFinancialInstruments 2024-12-31 04128439 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 04128439 core:LandBuildings 2024-12-31 04128439 bus:SmallEntities 2024-01-01 2024-12-31 04128439 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04128439 bus:FilletedAccounts 2024-01-01 2024-12-31 04128439 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04128439 bus:RegisteredOffice 2024-01-01 2024-12-31 04128439 bus:Director2 2024-01-01 2024-12-31 04128439 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 04128439 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04128439 core:UKTax 2024-01-01 2024-12-31 04128439 countries:AllCountries 2024-01-01 2024-12-31 04128439 2023-12-31 04128439 core:LandBuildings 2023-12-31 04128439 2023-01-01 2023-12-31 04128439 2023-12-31 04128439 bus:OrdinaryShareClass1 2023-12-31 04128439 core:CurrentFinancialInstruments 2023-12-31 04128439 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04128439 core:Non-currentFinancialInstruments 2023-12-31 04128439 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 04128439 core:LandBuildings 2023-12-31 04128439 core:UKTax 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04128439

Zavrazos Investment Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Zavrazos Investment Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Zavrazos Investment Limited

(Registration number: 04128439)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,700,000

1,700,000

Current assets

 

Debtors

6

128,150

99,592

Cash at bank and in hand

 

128,760

116,249

 

256,910

215,841

Creditors: Amounts falling due within one year

7

(25,895)

(10,684)

Net current assets

 

231,015

205,157

Total assets less current liabilities

 

1,931,015

1,905,157

Creditors: Amounts falling due after more than one year

7

(907,067)

(906,752)

Provisions for liabilities

(205,660)

(205,660)

Net assets

 

818,288

792,745

Capital and reserves

 

Called up share capital

8

100

100

Non-distributable reserve

939,250

939,250

Retained earnings

(121,062)

(146,605)

Shareholders' funds

 

818,288

792,745

 

Zavrazos Investment Limited

(Registration number: 04128439)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 June 2025
 

.........................................
Mr Harry Theoharous
Director

 

Zavrazos Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
Woodgate Studios
2-8 Games Road
Cockfosters
Hertfordshire
EN4 9HN
England

These financial statements were authorised for issue by the director on 30 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The accounts are prepared in the company's functional currency of British Pounds (£) and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents rental income receivable.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Zavrazos Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

Investment property

Certain of the company's properties are held for long-term investment.

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Trade Debtors and Creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

Zavrazos Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

UK corporation tax

18,710

6,992

Deferred taxation

-

49,358

Tax expense

18,710

56,350

5

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 January 2024

1,700,000

1,700,000

At 31 December 2024

1,700,000

1,700,000

At 31 December 2023

1,700,000

1,700,000

The investment property was valued on 31 December 2024 by the directors on an open market basis and had a cost of £555,091 (2023 - £555,091).

6

Debtors

2024
£

2023
£

Trade debtors

49,416

23,362

Prepayments

5,616

5,688

Other debtors

73,118

70,542

128,150

99,592

 

Zavrazos Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

18,709

6,992

Accruals and deferred income

4,859

3,539

Other creditors

2,327

153

25,895

10,684

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

907,067

906,752

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Zavrazos Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

907,067

906,752

Bank Borrowings - Secured Liabilities

Bank loans have been secured on the company's properties and properties owned by the director personally .