Zain Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 10245484

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		8,264,775		6,264,775

			8,264,775		6,264,775
CURRENT ASSETS
Debtors	5	1,139,612		58,758
Cash at bank and in hand		408		8,116

		1,140,020		66,874
Creditors: Amounts Falling Due Within One Year	6	-		(30,322 )

NET CURRENT ASSETS (LIABILITIES)			1,140,020		36,552

TOTAL ASSETS LESS CURRENT LIABILITIES			9,404,795		6,301,327

Creditors: Amounts Falling Due After More Than One Year	7		(137,162 )		(1,068,087 )

NET ASSETS			9,267,633		5,233,240

CAPITAL AND RESERVES
Called up share capital	8		800		400
Share premium account			9,364,146		5,309,801
Profit and Loss Account			(97,313 )		(76,961 )

SHAREHOLDERS' FUNDS			9,267,633		5,233,240

Page 1

Page 2

Zain Holdings Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

J A Sheth

Director

01/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Zain Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10245484 . The registered office is 70, Technology Drive, Batley, WF17 6ER.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	6,264,775
Additions	2,000,000

As at 31 December 2024	8,264,775

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	8,264,775

As at 1 January 2024	6,264,775

The company had interests in the following subsidiaries:

Alexander Duckham & Co., Limited

Country of incorporation: United Kingdom

Proportion of ordinary shares held (%): 100%

Nature of business: Marketing of lubricants

Duckhams Oils Middle East DMCC

Country of incorporation: United Arab Emirates

Proportion of ordinary shares held (%): 100%

Nature of business: Marketing of lubricants

Duckhams Oils Malaysia Sdn. Bhd

Country of incorporation: Malaysia

Proportion of ordinary shares held (%): 100%

Nature of business: Marketing of lubricants

Duckhams (Thailand) Company Limited

Country of incorporation: Thailand

Proportion of ordinary shares held (%): 51%

Nature of business: Holding company

Duckhams Energy Co., Limited

Country of incorporation: Thailand

Proportion of ordinary shares held (%): 51%

Nature of business: Marketing of lubricants

Page 3

Page 4

Zain Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	1,139,612	58,758

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	315
Amounts owed to group undertakings	-	30,007

	-	30,322

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other creditors	137,162	1,068,087

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	800	400

9. Related Party Transactions

Included within creditors: amounts falling due after one year are the following loans advanced to the company.

A Y & Y Patel (Dewsbury) Limited

Corporate Shareholder

£0 (2023: £642,081)

M D Patel

Director

£0 (2023: £257,356)

J A Sheth

£0 (2023: £40,461)

Page 4