Zasz Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11485633

Zasz Limited

Filleted Financial Statements

For the year ended

31 December 2024

Zasz Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Cash at bank and in hand	1,173	2,635

Creditors: amounts falling due within one year	6	696,056	670,351
		---------	---------
Net current liabilities		694,883	667,716
		---------	---------
Total assets less current liabilities		( 694,883)	( 667,716)
		---------	---------
Net liabilities		( 694,883)	( 667,716)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 694,983)	( 667,816)
	---------	---------
Shareholders deficit	( 694,883)	( 667,716)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Z Jivraj

Director

Company registration number: 11485633

Zasz Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 150 Headstone Lane, Harrow, HA2 6JT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

During the year the company ceased trading under it's franchise agreement whilst the directors review the business. The directors therefore consider it appropriate to prepare the financial statements on a basis other than going concern. This basis includes, where applicable, writing down the company's assets to a net realisable value and providing for any contracts which have become onerous as necessary at the reporting date. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Leasehold improvements	-	Over term of 5 years

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Plant and machinery	Leasehold improvements	Total
	£	£	£
Cost
At 1 January 2024	202,528	51,456	253,984
Disposals	( 202,528)	( 51,456)	( 253,984)
	---------	--------	---------
At 31 December 2024	–	–	–
	---------	--------	---------
Depreciation
At 1 January 2024	202,528	51,456	253,984
Disposals	( 202,528)	( 51,456)	( 253,984)
	---------	--------	---------
At 31 December 2024	–	–	–
	---------	--------	---------
Carrying amount
At 31 December 2024	–	–	–
	---------	--------	---------
At 31 December 2023	–	–	–
	---------	--------	---------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	45,037	45,037
Trade creditors	15,267	70,076
Amounts owed to group undertakings and undertakings in which the company has a participating interest	488,988	380,925
Social security and other taxes	2,500	–
Other creditors	144,264	174,313
	---------	---------
	696,056	670,351
	---------	---------

Included in bank loans and overdrafts is a Bounce Back Loan. The lender has been provided with a guarantee from the UK Government.

7. Summary audit opinion

The auditor's report dated 29 September 2025 was unqualified .

The senior statutory auditor was Jonathan Day , for and on behalf of Streets Audit LLP .

8. Related party transactions

The company has taken advantage of the exemptions available under FRS102 section 33.1A relating to the disclosure of related party transactions with other members of the Ashley Hotels (Holdings) Limited group.

9. Controlling party

The ultimate and immediate parent company is Ashley Hotels (Holdings) Limited, a company registered in England and Wales. The address of the registered office is 65-67 Belgrave Road, London, SW1V 2BG. Copies of the consolidated financial statements of Ashley Hotels (Holdings) Limited may be obtained from the registered office. There is no ultimate controlling party.