Registration number: SC579073

Zeplin Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 4

Zeplin Ltd

(Registration number: SC579073)
Statement of Financial Position as at 31 October 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	51,144	52,303
Current assets
Cash at bank and in hand		5,656	5,656
Creditors: Amounts falling due within one year	5	(86,268)	(85,634)
Net current liabilities		(80,612)	(79,978)
Net liabilities		(29,468)	(27,675)
Capital and reserves
Called up share capital	6	100	100
Retained earnings		(29,568)	(27,775)
Shareholders' deficit		(29,468)	(27,675)

For the financial year ending 31 October 2024 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 Income Statement.

Approved and authorised by the Board on 27 October 2025 and signed on its behalf by:
 

......................................... Mr D H K Scanlan Director

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1	General information

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

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
United Kingdom

2	Accounting policies

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 2).

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £
Cost or valuation
At 1 November 2023	40,713	17,161
At 31 October 2024	40,713	17,161
Depreciation
At 1 November 2023	-	5,571
Charge for the year	-	1,159
At 31 October 2024	-	6,730
Carrying amount
At 31 October 2024	40,713	10,431
At 31 October 2023	40,713	11,590

Included within the net book value of land and buildings above is £40,713 (2023 - £40,713) in respect of freehold land and buildings.
 

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Accruals and deferred income	1,847	1,213
Other creditors	84,421	84,421
	86,268	85,634

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary A of £1 each	49	49	49	49
Ordinary B of £1 each	49	49	49	49
Ordinary C of £1 each	1	1	1	1
Ordinary D of £1 each	1	1	1	1
	100	100	100	100