HOZO W24 Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

HOZO W24 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09449284 . The registered office is The Picasso Building, Caldervale Road, Wakefield, West Yorkshire, WF1 5PF.

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.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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HOZO W24 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

2.5.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

Going conrcern

The financial statements have been prepared on a going concern basis. The company has obtained undertakings

from its shareholders that they will continue to support the company for the foreseeable future and meet all third

party liabilities as they fall due. Given this undertaking, the directors consider it appropriate to adopt a going

concern basis in preparing the financial statements.

2.6.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company

becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there

is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or

to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the

effective interest method unless the arrangement constitutes a financing transaction, where the transaction is

measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and

preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement

constitutes a financing transaction, where the debt instrument is measured at the present value of the future

receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables 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 payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction

price and subsequently measured at amortised cost using the effective interest method.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand.

2.7. Comparatives

Comparatives figures have been restated in respect of repairs & maintenance expenses moved to direct costs.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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HOZO W24 Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Investment Property

	2025
	€
Fair Value
As at 29 February 2024 and 28 February 2025	88,283

5. Debtors

	2025	2024 as restated
	€	€
Due within one year
Other debtors	857	857

6. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	€	€
Trade creditors	767	392
Corporation tax	7	-
Other creditors	78,567	78,567

	79,341	78,959

7. Share Capital

	2025	2024 as restated
Allotted, called up and fully paid	€	€
1 Ordinary Shares of € 100.00 each	100	100

8. Ultimate Controlling Party

The company's ultimate controlling party is Mr B Schneider by virtue of his ownership of 100% of the issued share capital in the company.

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		2025		2024 as restated
	Notes	€	€	€	€
FIXED ASSETS
Investment Properties	4		88,283		88,283

			88,283		88,283
CURRENT ASSETS
Debtors	5	857		857
Cash at bank and in hand		2,381		764

		3,238		1,621
Creditors: Amounts Falling Due Within One Year	6	(79,341 )		(78,959 )

NET CURRENT ASSETS (LIABILITIES)			(76,103 )		(77,338 )

TOTAL ASSETS LESS CURRENT LIABILITIES			12,180		10,945

NET ASSETS			12,180		10,945

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			12,080		10,845

SHAREHOLDERS' FUNDS			12,180		10,945