REGISTERED NUMBER: 04983974 (England and Wales)

Audited Financial Statements for the Year Ended 31st March 2025

for

Zimcor Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E Bland

W R Whymark

REGISTERED OFFICE:

Unit1, Lancaster Court

Coronation Road

Cressex Business Park

High Wycombe

Buckinghamshire

HP12 3TD

REGISTERED NUMBER:

04983974 (England and Wales)

SENIOR STATUTORY AUDITOR:

S, Paramaguru (FCCA)

AUDITORS:

Param & Company Limited

1st Floor

44-50 The Broadway

Southall

Middlesex

UB1 1QB

FIXED ASSETS

Investment property

4

3,045,000

2,821,663

CURRENT ASSETS

Debtors

5

1,541,603

1,912,787

Cash at bank

56

5,316

1,541,659

1,918,103

CREDITORS

Amounts falling due within one year

6

5,731,371

5,266,731

NET CURRENT LIABILITIES

(4,189,712

)

(3,348,628

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,144,712

)

(526,965

)

CREDITORS

Amounts falling due after more than one year

7

5,138

15,660

NET LIABILITIES

(1,149,850

)

(542,625

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(1,150,850

)

(543,625

)

SHAREHOLDERS' FUNDS

(1,149,850

)

(542,625

)

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 30th October 2025 and were signed on its behalf by:

W R Whymark - Director

1.	STATUTORY INFORMATION

Zimcor 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 as modified by the revaluation of certain assets.

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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

2,821,663

Additions

824,566

Revaluations

(601,229

)

At 31st March 2025

3,045,000

NET BOOK VALUE

At 31st March 2025

3,045,000

At 31st March 2024

2,821,663

Fair value at 31st March 2025 is represented by:

£

Valuation in 2025

(601,229

)

Cost

3,646,229

3,045,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

1,536,053

1,169,778

Other debtors

5,550

743,009

1,541,603

1,912,787

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,289,176

3,548,856

Amounts owed to group undertakings

664,501

940,181

Other creditors

777,694

777,694

5,731,371

5,266,731

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

5,138

15,660

8.	SECURED DEBTS

Included within bank loans if a Development loan facility with Shawbrook Bank Limited for use in a construction project. This facility was due to expire in January 2024, however has been extended to June 2025 when it will be repayable in full. At the year end the draw downs on this loan facility total £ 4,279,013 (2024: £ 3,538,738).

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S, Paramaguru (FCCA) (Senior Statutory Auditor)

for and on behalf of Param & Company Limited

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

£

E Bland

Balance outstanding at start of year

243,009

243,009

Amounts repaid

(243,009

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

243,009

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The Coin Group Limited.