REGISTERED NUMBER: 12563657 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ZINC MD LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Domb

Mr P M Domb

Mr S J A Domb

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

12563657 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

9,233

-

Investments

5

38,000

38,000

Investment property

6

500,000

-

547,233

38,000

CURRENT ASSETS

Debtors

7

2,339,105

2,721,387

Cash at bank

1,135,259

1,020,451

3,474,364

3,741,838

CREDITORS

Amounts falling due within one year

8

34,012

15,950

NET CURRENT ASSETS

3,440,352

3,725,888

TOTAL ASSETS LESS CURRENT LIABILITIES

3,987,585

3,763,888

PROVISIONS FOR LIABILITIES

25,600

-

NET ASSETS

3,961,985

3,763,888

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

3,704,827

3,704,827

Retained earnings

256,958

58,861

3,961,985

3,763,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

Mr P M Domb - Director

1.	STATUTORY INFORMATION

Zinc MD Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The financial statements contain information about Zinc MD Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 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 as settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

Additions

2,645

7,605

10,250

At 31 March 2025

2,645

7,605

10,250

DEPRECIATION

Charge for year

-

1,017

1,017

At 31 March 2025

-

1,017

1,017

NET BOOK VALUE

At 31 March 2025

2,645

6,588

9,233

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

38,000

NET BOOK VALUE

At 31 March 2025

38,000

At 31 March 2024

38,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

500,000

At 31 March 2025

500,000

NET BOOK VALUE

At 31 March 2025

500,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

2,332,481

2,721,387

Other debtors

6,624

-

2,339,105

2,721,387

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,364

-

Taxation and social security

5,481

9,540

Other creditors

26,167

6,410

34,012

15,950

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mrs M Domb and Mr P M Domb

Balance outstanding at start of year

(4,970

)

(4,970

)

Amounts advanced

4,982

-

Amounts repaid

(22,179

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(22,167

)

(4,970

)

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in debtors, amounts falling due within one year, is an interest free amount of £641,997 (2024: £600,528) owed by Pershing Properties Ltd. The companies are connected by virtue of common control and management.

Included in debtors, amounts falling due within one year, is an interest free amount of £1,686,776 (2024: £2,070,859) owed by Zinc G Ltd The companies are connected by virtue of common control and management.

Included in creditors amounts falling due within one year, is an interest free amount of £3,706 (2024: Nil) owed by Zinc GK Ltd The companies are connected by virtue of common control and management.

Included in creditors, amounts falling due within one year, is an interest free amount of £22,167 (2024: £4.970) due to the directors of the company.

11.	DIVIDEND IN SPECIE

During the year, the company received a dividend in specie amounting to £201,973 on 3rd December 2024 from its subsidiary, Zinc G K, settled by the transfer of property at fair value. The dividend was paid out of the subsidiary’s available distributable reserves.