Company Registration No. 13047765 (England and Wales)
Zii Properties Ltd
Filleted accounts
for the year ended 31 March 2025
Zii Properties Ltd
Filleted accounts
Contents
Zii Properties Ltd
Company Information
for the year ended 31 March 2025
Directors
Ismail Amla
Zahid Patel
Dr Irfan Akbar Ravat
Company Number
13047765 (England and Wales)
Registered Office
Hawthorne House
17A Hawthorne Drive
Leicester
LE5 6DL
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
Zii Properties Ltd
Statement of financial position
as at 31 March 2025
Investment property
2,368,950
2,368,950
Cash at bank and in hand
57,200
35,693
Creditors: amounts falling due within one year
(83,216)
(130,683)
Net current assets
240,779
171,010
Total assets less current liabilities
2,609,729
2,539,960
Creditors: amounts falling due after more than one year
(2,421,021)
(2,421,021)
Net assets
188,708
118,939
Called up share capital
100
100
Profit and loss account
188,608
118,839
Shareholders' funds
188,708
118,939
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by
Zahid Patel
Director
Company Registration No. 13047765
Zii Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
Zii Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13047765. The registered office is Hawthorne House, 17A Hawthorne Drive, Leicester, LE5 6DL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
Fair value at 1 April 2024
2,368,950
At 31 March 2025
2,368,950
Zii Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
266,000
266,000
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
60,000
100,000
Taxes and social security
20,052
19,164
Other creditors
2,430
9,304
7
Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
2,421,021
2,421,021
Allotted, called up and fully paid:
25 Ordinary shares A of £1 each
25
25
20 Ordinary shares B of £1 each
20
20
20 Ordinary shares C of £1 each
20
20
5 Ordinary shares D of £1 each
5
5
5 Ordinary shares E of £1 each
5
5
5 Ordinary shares F of £1 each
5
5
5 Ordinary shares G of £1 each
5
5
10 Ordinary shares H of £1 each
10
10
5 Ordinary shares I of £1 each
5
5
9
Transactions with related parties
As at 31 March 2025, the company had balances outstanding to the following companies, companies where the Directors have controlling interests:
- IAR Properties Ltd (Dr Irfan Akbar Ravat) - £1,595,560 (2024 - £1,595,560)
- IZ Praedium Ltd (Zahid Patel & Ismail Amla) - £825,460 (2023 - £825,460)
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).