Registered number
12724778
ZORLU PROPERTY LTD
Filleted Accounts
31 July 2024
ZORLU PROPERTY LTD
Registered number: 12724778
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 435,700 435,700
Current assets
Cash at bank and in hand 5,536 6,831
Creditors: amounts falling due within one year 4 (16,385) (13,285)
Net current liabilities (10,849) (6,454)
Total assets less current liabilities 424,851 429,246
Creditors: amounts falling due after more than one year 5 (414,546) (427,756)
Net assets 10,305 1,490
Capital and reserves
Called up share capital 1 1
Profit and loss account 10,304 1,489
Shareholder's funds 10,305 1,490
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sinan ZORLU
Director
Approved by the board on 16 July 2025
ZORLU PROPERTY LTD
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental income.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 435,700
At 31 July 2024 435,700
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 435,700
At 31 July 2023 435,700
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans (current liability) 10,585 10,585
Trade creditors 3,383 2,351
Taxation and social security costs 2,417 349
16,385 13,285
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (non-current liability) 301,241 301,241
Other creditors 113,305 126,515
414,546 427,756
6 Other information
ZORLU PROPERTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
454 Sidcup Road
London
SE9 4HA
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