| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 August 2023 to 30 July 2024 |
| for |
| Ziaro Properties Ltd |
| REGISTERED NUMBER: |
| 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 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Fair value reserve | 11 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 were approved by the director and authorised for issue on |
| 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 |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 4. | FIXED ASSET INVESTMENTS |
| Unlisted |
| investments |
| £ |
| COST |
| At 1 August 2023 |
| and 30 July 2024 |
| NET BOOK VALUE |
| At 30 July 2024 |
| At 31 July 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2023 |
| Revaluations | 40,000 |
| At 30 July 2024 |
| NET BOOK VALUE |
| At 30 July 2024 |
| At 31 July 2023 |
| 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 |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.7.24 | 31.7.23 |
| £ | £ |
| Bank loans and overdrafts |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.7.24 | 31.7.23 |
| £ | £ |
| Bank loans |
| Other creditors |
| 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 |
| 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: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 11. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 August 2023 |
| Transfer to/from reserves | 40,000 |
| At 30 July 2024 |
| 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. |