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COMPANY REGISTRATION NUMBER: 14539823
ZED Property Rentals Ltd
Filleted Unaudited Abridged Financial Statements
31 March 2025
ZED Property Rentals Ltd
Abridged Financial Statements
Period from 1 January 2024 to 31 March 2025
Contents
Pages
Abridged statement of financial position
1 to 2
Notes to the abridged financial statements
3 to 4
ZED Property Rentals Ltd
Abridged Statement of Financial Position
31 March 2025
31 Mar 25
31 Dec 23
Note
£
£
£
Fixed Assets
Investments
5
90,000
–
Current Assets
Cash at bank and in hand
6,890
2
Creditors: amounts falling due within one year
33,400
–
--------
----
Net Current (Liabilities)/Assets
( 26,510)
2
--------
----
Total Assets Less Current Liabilities
63,490
2
Provisions
Taxation including deferred tax
12,188
–
--------
----
Net Assets
51,302
2
--------
----
Capital and Reserves
Called up share capital
6
2
2
Profit and loss account
51,300
–
--------
----
Shareholders Funds
51,302
2
--------
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the period ending 31 March 2025 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 abridged financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the period ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.
ZED Property Rentals Ltd
Abridged Statement of Financial Position (continued)
31 March 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 28 November 2025 , and are signed on behalf of the board by:
Mr V Buldawoo
Director
Company registration number: 14539823
ZED Property Rentals Ltd
Notes to the Abridged Financial Statements
Period from 1 January 2024 to 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 Barnwell Lane, Cromford, Matlock, Derbyshire, DE4 3QY.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Changes in accounting policies
The financial statements cover the period 1 January 2024 to 31 March 2025 in order to keep reporting in line with the other companies under the same director control. Due to this, the figures within the financial statements for the period ended 31 March 2025 are not entirely comparable with the prior financial year to 31 December 2023.
Investment property
Investment property is carried at fair value determined annually. No deprecation is provided. Changes in fair value are recognised in the profit and loss for the period.
Income tax
Current Tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2023: 2 ).
5. Investments
Investment properties
£
Cost
At 1 January 2024
–
Additions
24,412
Revaluations
65,588
--------
At 31 March 2025
90,000
--------
Impairment
At 1 January 2024 and 31 March 2025
–
--------
Carrying amount
At 31 March 2025
90,000
--------
At 31 December 2023
–
--------
6. Called up share capital
Issued, called up and fully paid
31 Mar 25
31 Dec 23
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
7. Reserves
Both previous UK GAAP and FRS 102 require investment properties to be stated in the accounts at their current market value, with no annual depreciation charge. However, while previous UK GAAP stipulated that the surplus on revaluation of the property should be held in the revaluation reserve, which is an unrealised surplus that does not form part of the company's distributable reserve. FRS 102 requires that these surpluses, although still not distributable, be charged through the Profit and Loss Account.
Consequently, the Profit and Loss Account reserve at 31 March 2025 includes a non-distributable amount of £53,400 (2023: £0).
8. Directors' advances, credits and guarantees
There are no directors advances, credits or guarantees that require disclosure.