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REGISTERED NUMBER: 12949309 (England and Wales)


















ZOSO PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






ZOSO PROPERTIES LIMITED (REGISTERED NUMBER: 12949309)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ZOSO PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: T C Davies
B J Davis





REGISTERED OFFICE: Unit 5 Benning Court
Pottington Business Park
Barnstaple
EX31 1AB





REGISTERED NUMBER: 12949309 (England and Wales)





ACCOUNTANTS: MHA (trading name of MHA Advisory Ltd)
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

ZOSO PROPERTIES LIMITED (REGISTERED NUMBER: 12949309)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 41,039 66,945
Investment property 5 6,755,000 5,145,319
6,796,039 5,212,264

CURRENT ASSETS
Debtors 6 100 7,362
Cash at bank 80,204 50,050
80,304 57,412
CREDITORS
Amounts falling due within one year 7 (2,148,525 ) (1,736,531 )
NET CURRENT LIABILITIES (2,068,221 ) (1,679,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,727,818

3,533,145

CREDITORS
Amounts falling due after more than one
year

8

(3,710,932

)

(3,710,932

)

PROVISIONS FOR LIABILITIES (301,472 ) (12,719 )
NET ASSETS/(LIABILITIES) 715,414 (190,506 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 1,199,681 -
Retained earnings (484,367 ) (190,606 )
SHAREHOLDERS' FUNDS 715,414 (190,506 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ZOSO PROPERTIES LIMITED (REGISTERED NUMBER: 12949309)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2025 and were signed on its behalf by:





T C Davies - Director


ZOSO PROPERTIES LIMITED (REGISTERED NUMBER: 12949309)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Zoso Properties 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.

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

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

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.

There have been no material departures from Financial Reporting Standard 102.

Turnover
The turnover shown in the profit and loss account represents rental income receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - 33.33% on cost
Motor vehicles - 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss statement. Deferred taxation is provided on these gains at the rate expected to apply when the asset is sold.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

ZOSO PROPERTIES LIMITED (REGISTERED NUMBER: 12949309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
Fittings vehicles Totals
£    £    £   
COST
At 1 November 2023 113,679 - 113,679
Additions 2,932 9,600 12,532
At 31 October 2024 116,611 9,600 126,211
DEPRECIATION
At 1 November 2023 46,734 - 46,734
Charge for year 38,038 400 38,438
At 31 October 2024 84,772 400 85,172
NET BOOK VALUE
At 31 October 2024 31,839 9,200 41,039
At 31 October 2023 66,945 - 66,945

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 5,145,319
Additions 410,000
Revaluations 1,199,681
At 31 October 2024 6,755,000
NET BOOK VALUE
At 31 October 2024 6,755,000
At 31 October 2023 5,145,319

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 6,755,000

The investment property was valued on a fair value basis at 31 October 2024 by the directors who do not have any formal valuation qualifications. In valuing the property the directors have considered the potential sales values.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 7,362

ZOSO PROPERTIES LIMITED (REGISTERED NUMBER: 12949309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,987 8,627
Amounts owed to group undertakings 2,034,304 1,724,786
Social security and other taxes 2,730 -
Other creditors 684 684
Directors' current accounts 961 631
Accruals and deferred income 107,859 1,803
2,148,525 1,736,531

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,710,932 3,710,932

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100