ACCOUNTS - Final Accounts preparation

Registered number: 15462209

ZINNG HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

ZINNG HOLDINGS LIMITED

REGISTERED NUMBER: 15462209

BALANCE SHEET

AS AT 28 FEBRUARY 2025

		2025
Note		£

Fixed assets
Investments	4		417
Current assets
Debtors: amounts falling due within one year		6,056,671
		6,056,671
Creditors: amounts falling due within one year	6	(5,923,680)
Net current assets			132,991
Total assets less current liabilities			133,408
Net assets			133,408

Capital and reserves
Called up share capital	7	199
Profit and loss account		133,209
		133,408

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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 statement of comprehensive income 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 31 October 2025.

Neel Vinodray Sachdev

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

ZINNG HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

1.	General information

ZINNG Holdings Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is 20 Airstreet, London, W1B 5AN and its registered number is 15462209.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

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.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 2

ZINNG HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 1.

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	417
	At 28 February 2025	417

Page 3

ZINNG HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

Debtors

					2025
					£


	Amounts owed by group undertakings	2,461,982
	Other debtors	3,594,689
		6,056,671

6.	Creditors: Amounts falling due within one year
		2025
		£

	Corporation tax	44,403
	Other creditors	5,874,777
	Accruals and deferred income	4,500
		5,923,680

7.	Share capital
		2025
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100
		33 Ordinary A shares of £1.00 each	33
		33 Ordinary B shares of £1.00 each	33
		33 Ordinary C shares of £1.00 each	33

			199

Classes of shares
Ordinary shares carry one voting right per share and hold an entitlement to dividends at the Company's discretion. This class of shares is not redeemable.
Ordinary 'A' shares carry no voting rights and are not entitled to any dividends or other distributions, except as specifically provided in the Articles. This class of shares is not redeemable.
Ordinary 'B' shares carry no voting rights and are not entitled to any dividends or other distributions, except as specifically provided in the Articles. This class of shares is not redeemable.
Ordinary 'C' shares carry no voting rights and are not entitled to any dividends or other distributions, except as specifically provided in the Articles. This class of shares is not redeemable.

Page 4