REGISTERED NUMBER: 09040038 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

ZAWA FORWARD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss L A Weightman

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09040038 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Investment property

4

2,000,000

2,000,000

CURRENT ASSETS

Debtors

5

18,278

246

Cash at bank

364,140

370,547

382,418

370,793

CREDITORS

Amounts falling due within one year

6

199,902

72,528

NET CURRENT ASSETS

182,516

298,265

TOTAL ASSETS LESS CURRENT LIABILITIES

2,182,516

2,298,265

CREDITORS

Amounts falling due after more than one year

7

(988,780

)

(1,003,392

)

PROVISIONS FOR LIABILITIES

(50,000

)

(50,000

)

NET ASSETS

1,143,736

1,244,873

CAPITAL AND RESERVES

Called up share capital

8

200

200

Fair value reserve

150,000

150,000

Retained earnings

993,536

1,094,673

SHAREHOLDERS' FUNDS

1,143,736

1,244,873

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 director acknowledges her 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.

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 30 September 2025 and were signed by:

Miss L A Weightman - Director

1.	STATUTORY INFORMATION

Zawa Forward 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Revenue is recognised to the extent that it is probable that the economics benefits will flow to the company and the turnover can be reliably measured. Revenue is measure at fair value of the consideration received or receivable and represents the amount receivable for goods supplies or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

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.

Going concern

The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

2,000,000

NET BOOK VALUE

At 31 December 2024

2,000,000

At 31 December 2023

2,000,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

100,000

Valuation in 2021

100,000

Cost

1,800,000

2,000,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed by group undertakings

15,246

246

Tax

522

-

Prepayments and accrued income

2,510

-

18,278

246

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

26,353

26,353

Trade creditors

6,145

-

Amounts owed to group undertakings

15,960

15,958

Tax

-

1,270

Other creditors

81,500

-

Directors' current accounts

41,411

26,847

Accruals and deferred income

26,433

-

Accrued expenses

2,100

2,100

199,902

72,528

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

26,353

26,353

Bank loans - 2-5 years

79,058

79,058

Other loans more 5yrs non-inst

883,369

897,981

988,780

1,003,392

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

883,369

897,981

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

2

A Class Ordinary

£1

2

2

99

B Class Ordinary

£1

99

99

99

C Class Ordinary

£1

99

99

200

200

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £15,959 (2023: £15,959) to Hanson Search Ltd and was owed an amount of £15,246 (2023: £246) by Glanton Pyke Holdings Ltd, a company where the director, Ms A Weightman, has common control.

As at the balance sheet date, included in creditors due within one year is £41,411 (2023: £26,847), due and payable to the director. The amount is interest free and repayable on demand.