The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Z Hotels Projects Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 53-59 Chandos Place, London, United Kingdom, WC2N 4HS.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The Company made a loss for the year of £413,135 (2024: £366,465) and had net liabilities at the reporting date of £893,497 (2024: £480,362).

The Company is reliant on the ongoing support of the parent company and wider group. The directors of the of the ultimate parent company have assessed the Group's financial position, budgets and cash flow forecasts for the year ended 31 March 2025, including stress testing these budgets and forecasts, and have confirmed that sufficient support will be available to enable the Company to continue to trade and meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. They have also confirmed that amounts owed to the parent and fellow group companies will not be called for repayment until such time as the Company is able to pay these amounts without compromising its ability to trade and meet its liabilities as they fall due. Based on this assessment, the directors have a reasonable expectation that the Company has sufficient available resources to continue to trade and meet its liabilities as they fall due for at least 12 months from the date of approval of these financial statements for the year ended 31 March 2025 and have therefore prepared the financial statements on the going concern basis.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as 'other' or financial instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Included within other borrowings is £2,557,591 (2024: £2,223,993) that is due for repayment in full in July 2027. This loan is accruing interest at 15% with the accrued interest being capitalised on 17 March each year. The remaining other borrowings are unsecured and are repayable on demand. Interest is also charged at 15% per annum on these loans.

The bank loans are due for repayment by monthly instalments up to March 2027. No interest was charged for the first 12 months, with interest charged at 2.5% per annum thereafter.

At the year end, included within debtors is an amount of £2,643,956 (2024: £2,763,283) due from a connected company.

At the year end, included within creditors is an amount of £377,390 (2024: £174,675) due to a connected company.

There is no ultimate controlling party.