IRIS Accounts Production v25.2.0.378 07713778 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077137782023-12-31077137782024-12-31077137782024-01-012024-12-31077137782022-12-31077137782023-01-012023-12-31077137782023-12-3107713778ns15:EnglandWales2024-01-012024-12-3107713778ns14:PoundSterling2024-01-012024-12-3107713778ns10:Director12024-01-012024-12-3107713778ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107713778ns10:SmallEntities2024-01-012024-12-3107713778ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3107713778ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107713778ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107713778ns10:FullAccounts2024-01-012024-12-310771377812024-01-012024-12-3107713778ns10:Director22024-01-012024-12-3107713778ns10:RegisteredOffice2024-01-012024-12-3107713778ns5:CurrentFinancialInstruments2024-12-3107713778ns5:CurrentFinancialInstruments2023-12-3107713778ns5:ShareCapital2024-12-3107713778ns5:ShareCapital2023-12-3107713778ns5:RetainedEarningsAccumulatedLosses2024-12-3107713778ns5:RetainedEarningsAccumulatedLosses2023-12-3107713778ns5:NetGoodwill2024-01-012024-12-3107713778ns5:PlantMachinery2024-01-012024-12-3107713778ns5:FurnitureFittings2024-01-012024-12-3107713778ns5:NetGoodwill2023-12-3107713778ns5:NetGoodwill2024-12-3107713778ns5:NetGoodwill2023-12-3107713778ns5:PlantMachinery2023-12-3107713778ns5:FurnitureFittings2023-12-3107713778ns5:PlantMachinery2024-12-3107713778ns5:FurnitureFittings2024-12-3107713778ns5:PlantMachinery2023-12-3107713778ns5:FurnitureFittings2023-12-3107713778ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107713778ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107713778ns5:CurrentFinancialInstruments2024-01-012024-12-31077137781ns10:Director12023-12-31077137781ns10:Director12022-12-31077137781ns10:Director12024-01-012024-12-31077137781ns10:Director12023-01-012023-12-31077137781ns10:Director12024-12-31077137781ns10:Director12023-12-3107713778ns10:Director222023-12-3107713778ns10:Director222022-12-3107713778ns10:Director222024-01-012024-12-3107713778ns10:Director222023-01-012023-12-3107713778ns10:Director222024-12-3107713778ns10:Director222023-12-31
REGISTERED NUMBER: 07713778 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Zephyr Property Management Limited

Zephyr Property Management Limited (Registered number: 07713778)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zephyr Property Management Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs J L Cole
Miss M N Cole





REGISTERED OFFICE: c/o Ency Associates
Printware Court
Cumberland Business Centre
Portsmouth
Hampshire
PO5 1DS





REGISTERED NUMBER: 07713778 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Zephyr Property Management Limited (Registered number: 07713778)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,946 7,051
6,946 7,051

CURRENT ASSETS
Debtors 6 29,286 61,407
Investments 7 55,454 32,403
Cash at bank 22,928 35,326
107,668 129,136
CREDITORS
Amounts falling due within one year 8 32,911 28,063
NET CURRENT ASSETS 74,757 101,073
TOTAL ASSETS LESS CURRENT LIABILITIES 81,703 108,124

PROVISIONS FOR LIABILITIES 1,841 1,340
NET ASSETS 79,862 106,784

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 79,860 106,782
SHAREHOLDERS' FUNDS 79,862 106,784

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

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

Zephyr Property Management Limited (Registered number: 07713778)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 16 August 2025 and were signed on its behalf by:





Mrs J L Cole - Director


Zephyr Property Management Limited (Registered number: 07713778)

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

1. STATUTORY INFORMATION

Zephyr Property Management 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.

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.

Turnover
Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Fixtures & fittings - 15% on reducing balance

Taxation
Taxation for the year 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 balance sheet date.


Zephyr Property Management Limited (Registered number: 07713778)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 25,729
AMORTISATION
At 1 January 2024
and 31 December 2024 25,729
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

Zephyr Property Management Limited (Registered number: 07713778)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Equipment & fittings Totals
£    £    £   
COST
At 1 January 2024 10,738 709 11,447
Additions - 1,191 1,191
Disposals - (361 ) (361 )
At 31 December 2024 10,738 1,539 12,277
DEPRECIATION
At 1 January 2024 3,852 544 4,396
Charge for year 1,033 193 1,226
Eliminated on disposal - (291 ) (291 )
At 31 December 2024 4,885 446 5,331
NET BOOK VALUE
At 31 December 2024 5,853 1,093 6,946
At 31 December 2023 6,886 165 7,051

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 261 2,737
Other debtors 29,025 58,670
29,286 61,407

7. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£    £   
Unlisted investments 55,454 32,403

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Taxation and social security 29,527 25,876
Other creditors 3,384 2,187
32,911 28,063

Client account bank accounts totalled £1,385,867 (2023 - £1,229,011) at the year end.

Zephyr Property Management Limited (Registered number: 07713778)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mrs J L Cole
Balance outstanding at start of year 18,168 29,480
Amounts repaid (11,312 ) (11,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,856 18,168

Miss M N Cole
Balance outstanding at start of year 18,194 29,506
Amounts repaid (11,312 ) (11,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,882 18,194

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.