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Registration number: 9143369

Zenko Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Zenko Properties Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 8

Zenko Properties Limited

Company Information

Directors | Mr Tobias Duczenko Mrs Hannah Rose Duczenko

Registered office | Ground Floor Graphical House 2 Wharf Street Leeds LS2 7EQ

Accountants | Fullertons Limited Chartered Certified AccountantsManchester House 50A Oxford Road Guiseley Leeds LS20 8AB

Zenko Properties Limited

(Registration number: 9143369)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 30,607 | 11,858
Current assets |  |  |
Debtors | 5 | 142,899 | 252,607
Cash at bank and in hand |  | 256,319 | 372,481
|  | 399,218 | 625,088
Creditors: Amounts falling due within one year | 6 | (63,132) | (134,691)
Net current assets |  | 336,086 | 490,397
Total assets less current liabilities |  | 366,693 | 502,255
Provisions for liabilities |  | (6,476) | (2,964)
Net assets |  | 360,217 | 499,291
Capital and reserves |  |  |
Called up share capital | 7 | 1 | 1
Retained earnings |  | 360,216 | 499,290
Shareholders' funds |  | 360,217 | 499,291

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2025 and signed on its behalf by:

......................................... Mr Tobias Duczenko Director

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ground Floor
Graphical House
2 Wharf Street
Leeds
LS2 7EQ

These financial statements were authorised for issue by the Board on 29 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture, fittings and equipment | 25% on net book value
Motor vehicles | 25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 7).

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 30,853 | - | 30,853
Additions | 23,951 | 5,000 | 28,951
At 31 March 2025 | 54,804 | 5,000 | 59,804
Depreciation
At 1 April 2024 | 18,995 | - | 18,995
Charge for the year | 8,952 | 1,250 | 10,202
At 31 March 2025 | 27,947 | 1,250 | 29,197
Carrying amount
At 31 March 2025 | 26,857 | 3,750 | 30,607
At 31 March 2024 | 11,858 | - | 11,858

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 16,551 | 23,352
Other debtors | 126,348 | 229,255
| 142,899 | 252,607

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | (199) | 139
Taxation and social security | 49,152 | 116,392
Accruals and deferred income | 2,638 | 2,434
Other creditors | 11,541 | 15,726
| 63,132 | 134,691

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1 | 1 | 1 | 1

8 | Related party transactions

Transactions with directors

2025 | At 1 April 2024 £ | Advances to director £ | Repayments by director £ | At 31 March 2025 £
Mr Tobias Duczenko
Directors loan account | 207 | 11,734 | (11,984) | (43)

2024 | At 1 April 2023 £ | Advances to director £ | Repayments by director £ | At 31 March 2024 £
Mr Tobias Duczenko
Directors loan account | 5,876 | 331 | (6,000) | 207

Summary of transactions with entities with joint control or significant interest

Loans to related parties

2025 | Entities with joint control or significant influence £ | Total £
At start of period | 199,427 | 199,427
Advanced | 43,700 | 43,700
Repaid | (98,818) | (98,818)
Impairment | (57,879) | (57,879)
At end of period | 86,430 | 86,430

Zenko Properties Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 162,127 | 162,127
Advanced | 37,300 | 37,300
At end of period | 199,427 | 199,427

Terms of loans to related parties

Loans to entities with joint control or influence consist of money due from Zenko Rental Properties Limited in the amount of £86,430 (2024 : £43,230) and Zenko Properties Ilkley Limited in the amount of £Nil (2024 : £156,197). Mr T Duczenko and Mrs H Duczenko are both directors of Zenko Rental Properties Limited and Mr T Duczenko is the sole director of Zenko Properties Ilkley Limited. These loans are interest free and repayable on demand.