ACCOUNTS - Final Accounts preparation

Registered number: 13971254

ZRG WALKING THE TALK UK LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

ZRG WALKING THE TALK UK LTD

REGISTERED NUMBER: 13971254

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Current assets
Debtors: amounts falling due within one year	4	1,665,253		639,931
Cash at bank and in hand		3,866		199,624
		1,669,119		839,555
Creditors: amounts falling due within one year	5	(1,608,891)		(839,455)
Net current assets			60,228		100
Total assets less current liabilities			60,228		100

Net assets			60,228		100

Capital and reserves
Called up share capital	100	100
Profit and loss account	60,128	-
	60,228	100

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2025.

B M Geels Dingle	S Petzinger
Director	Director

The notes on pages 2 to 5 form part of these financial statements.

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ZRG WALKING THE TALK UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The Company is a private company limited by shares and is incorporated in England and Wales, and the registered number is 13971254. The address of its registered office is 45 Whitfield Street, London, UnitedKingdom, W1T 4HD. The Company's principal activity is to provide management consultancy services via UK based employees to organisations across Europe.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The Directors have concluded the Company has adequate resources to continue in operational existence for the foreseeable future, which is considered to be at least twelve months from the date of approval of these financial statements. They therefore continue to adapt the going concern basis in preparing these financial statements.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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ZRG WALKING THE TALK UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

3.	Employees
	The average monthly number of employees, including the directors, during the period was 8 (2023: 9).

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ZRG WALKING THE TALK UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£

Amounts owed by group undertakings	1,659,844	639,831
Other debtors	5,309	-
Called up share capital not paid	100	100
	1,665,253	639,931

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	-	387
Trade creditors	666	2,782
Amounts owed to group undertakings	1,503,716	791,340
Corporation tax	19,720	-
Other creditors	2,790	2,203
Accruals and deferred income	81,999	42,743
	1,608,891	839,455

The Company holds a charge relating to a debenture containing fixed and floating charges.

6.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,830 (2023: £9,490). Contributions totalling £2,790 (2023: £2,203) were payable to the fund at the balance sheet date and are included in creditors.

7.	Controlling party

The Company's immediate parent is ZRG Walking The Talk LLC, incorporated in USA.
The Company's ultimate controlling party is ZRG Holding Company LLC, incorporated in USA.

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ZRG WALKING THE TALK UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by Andrew Irvine (Senior Statutory Auditor) on behalf of Shorts.

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