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REGISTERED NUMBER: 13760041 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

Zacks Properties Ltd

Zacks Properties Ltd (Registered number: 13760041)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Zacks Properties Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: G Deda





REGISTERED OFFICE: 54 Magpie Hall Lane
Bromley
BR2 8ER





REGISTERED NUMBER: 13760041 (England and Wales)





ACCOUNTANTS: Ortenz & Co Ltd
354 High Street North
London
E12 6PH

Zacks Properties Ltd (Registered number: 13760041)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 3,251,120 727,526

CURRENT ASSETS
Debtors 5 169,385 6,572
Cash at bank and in hand 338,620 631,481
508,005 638,053
CREDITORS
Amounts falling due within one year 6 3,198 384
NET CURRENT ASSETS 504,807 637,669
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,755,927

1,365,195

CREDITORS
Amounts falling due after more than one
year

7

3,747,950

1,364,000
NET ASSETS 7,977 1,195

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 7,976 1,194
SHAREHOLDERS' FUNDS 7,977 1,195

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

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

The director acknowledges his 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.

Zacks Properties Ltd (Registered number: 13760041)

Balance Sheet - continued
30 November 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 29 August 2025 and were signed by:





G Deda - Director


Zacks Properties Ltd (Registered number: 13760041)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Zacks Properties Ltd 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
Turnover represents net receipts of rents.

Investment property
Investment property is 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 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Zacks Properties Ltd (Registered number: 13760041)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 727,526
Additions 2,523,594
At 30 November 2024 3,251,120
NET BOOK VALUE
At 30 November 2024 3,251,120
At 30 November 2023 727,526

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 5,750 5,750
Loan arrangement fee 29,900 -
Directors' current accounts 133,735 822
169,385 6,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors (1 ) -
Tax 1,871 280
Accrued expenses 1,328 104
3,198 384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans more 5 yr by instal 1,030,000 -
Amounts owed to associates 2,668,000 1,364,000
Rent deposits 49,950 -
3,747,950 1,364,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,030,000 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
1 Ordinary £1 1 1

Zacks Properties Ltd (Registered number: 13760041)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. RESERVES
Retained
earnings
£   

At 1 December 2023 1,194
Profit for the year 6,782
At 30 November 2024 7,976

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
G Deda
Balance outstanding at start of year - -
Amounts advanced 133,735 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 133,735 -