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REGISTERED NUMBER: 13504985 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2023 to 30 July 2024

for

Ziaro Properties Ltd

Ziaro Properties Ltd (Registered number: 13504985)






Contents of the Financial Statements
for the Period 1 August 2023 to 30 July 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Ziaro Properties Ltd (Registered number: 13504985)

Statement of Financial Position
30 July 2024

30.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 150 150
Investment property 5 1,847,000 1,807,000
1,847,150 1,807,150

CURRENT ASSETS
Debtors 6 1,073,937 974,183
Cash at bank 5,307 25,788
1,079,244 999,971
CREDITORS
Amounts falling due within one year 7 2,699,599 2,850,516
NET CURRENT LIABILITIES (1,620,355 ) (1,850,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,795

(43,395

)

CREDITORS
Amounts falling due after more than
one year

8

664,691

217,391
NET LIABILITIES (437,896 ) (260,786 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 43,550 3,550
Retained earnings (481,546 ) (264,436 )
SHAREHOLDERS' FUNDS (437,896 ) (260,786 )

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

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

The director acknowledges her 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.

Ziaro Properties Ltd (Registered number: 13504985)

Statement of Financial Position - continued
30 July 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 director and authorised for issue on 22 July 2025 and were signed by:





Mrs Margaretha Johanna Beltman - Director


Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements
for the Period 1 August 2023 to 30 July 2024

1. STATUTORY INFORMATION

Ziaro Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13504985

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

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 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.

Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 July 2024

2. ACCOUNTING POLICIES - continued

Going concern
The company has net liabilities of £437,896. The accounts have been prepared on a going concern basis as the director has confirmed that she will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 August 2023
and 30 July 2024 150
NET BOOK VALUE
At 30 July 2024 150
At 31 July 2023 150

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,807,000
Revaluations 40,000
At 30 July 2024 1,847,000
NET BOOK VALUE
At 30 July 2024 1,847,000
At 31 July 2023 1,807,000

Investment property situated at 18 Morgan Street, Tredegar, NP22 3ND. WA503157 is under a charge from Bridgeco Limited. The charge was created on 28 May 2024.

Investment properties situated at 145 Reads Avenue, Blackpool, FYI 4JH and 47 High Street, Treorchy, CF42 6NR are under a charge from Mercury Funding Limited. The charge was created on 28 May 2024.

Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 July 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 July 2024 is represented by:
£   
Valuation in 2022 86,774
Valuation in 2023 (83,224 )
Valuation in 2024 40,000
Cost 1,803,450
1,847,000

6. DEBTORS
30.7.24 31.7.23
£    £   
Amounts falling due within one year:
Other debtors 429,025 456,871

Amounts falling due after more than one year:
Other debtors 644,912 517,312

Aggregate amounts 1,073,937 974,183

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 31.7.23
£    £   
Bank loans and overdrafts - 425,000
Other creditors 2,699,599 2,425,516
2,699,599 2,850,516

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.7.24 31.7.23
£    £   
Bank loans 447,300 -
Other creditors 217,391 217,391
664,691 217,391

Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 July 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

30.7.24 31.7.23
£    £   
Bank loans 447,300 425,000

The loan amounting to £164,500 is secured by the way of charge on the property situated at 18 Morgan Street, Tredegar, NP22 3ND. WA503157 (disclosed as investment property). The charge was created in the name of Bridgeco Limited on 28 May 2024.

The loan amounting to £282,800 is secured by the way of charge on the properties situated at 145 Reads Avenue, Blackpool, FYI 4JH and 47 High Street, Treorchy, CF42 6NR (disclosed as investment properties). The charge was created in the name of Mercury Funding Limited on 28 May 2024.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
value
reserve
£   
At 1 August 2023 3,550
Transfer to/from reserves 40,000

At 30 July 2024 43,550

Ziaro Properties Ltd (Registered number: 13504985)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 30 July 2024

12. RELATED PARTY DISCLOSURES

The company owes £212 (2023: £212) to its director, Mrs Margaretha Johanna Beltman as at accounting year end date.

The company owes £2,173,100 (2023: £2,173,100) to Appabe B.V., a company registered in Netherlands (Company registered number: 69935491), who is also a sole shareholder of the company as at accounting year end date.

The company owes £85,350 to UK Hold Limited, a company registered in United Kingdom (Company registered number: 15159245), Mrs Margaretha Johanna Beltman is also a director of this company as at accounting year end date.

The company was owed £306,500 (2023: £306,500) from Our Developments Ltd, a company registered in United Kingdom (Company registered number: 14707173). Mrs Margaretha Johanna Beltman is also a director and Ziaro Properties Ltd is the sole shareholder of this company as at accounting year end date.

The company was owed £610,713 (2023: £483,113) from Tredegar Chambers Limited, a company registered in United Kingdom (Company registered number: 14702507). Mrs Margaretha Johanna Beltman is also a director and Ziaro Properties Ltd is a 25% shareholder of this company as at accounting year end date.

The company was owed £85,977 (2023: £85,977) from Kaxa Trading Ltd, a company registered in United Kingdom (Company registered number: 13504974). Mrs Margaretha Johanna Beltman is also a director of this company as at accounting year end date.