REGISTERED NUMBER: 04172893 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ZONESTART LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J Wider

SECRETARY:

A Wider

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

04172893 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

211

248

Investment property

6

1,100,000

1,100,000

1,100,211

1,100,248

CURRENT ASSETS

Debtors

7

536,442

536,442

Cash at bank

165

3,019

536,607

539,461

CREDITORS

Amounts falling due within one year

8

(57,575

)

(56,815

)

NET CURRENT ASSETS

479,032

482,646

TOTAL ASSETS LESS CURRENT LIABILITIES

1,579,243

1,582,894

CREDITORS

Amounts falling due after more than one year

9

(767,170

)

(767,190

)

NET ASSETS

812,073

815,704

CAPITAL AND RESERVES

Called up share capital

12

1

1

Revaluation reserve

13

809,988

809,988

Retained earnings

13

2,084

5,715

SHAREHOLDERS' FUNDS

812,073

815,704

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 director acknowledges his 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 director and authorised for issue on 23 December 2025 and were signed by:

J Wider - Director

1.	STATUTORY INFORMATION

Zonestart Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Investment property - depreciation

Investment properties are properties held to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Subsequent to initial recognition:

a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

Investment property fair value is based on a valuation by an external, independent valuator, having an appropriate recognised professional qualification and recent experience in the location and class of the property being valued.

Any gain or loss arising from a change in fair value is recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

2,692

DEPRECIATION

At 1 April 2024

2,444

Charge for year

37

At 31 March 2025

2,481

NET BOOK VALUE

At 31 March 2025

211

At 31 March 2024

248

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,100,000

NET BOOK VALUE

At 31 March 2025

1,100,000

At 31 March 2024

1,100,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

809,988

Cost

290,012

1,100,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

536,442

536,442

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

32,259

32,259

Other creditors

25,316

24,556

57,575

56,815

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 10)

767,170

767,190

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loan

767,170

767,190

10.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loan

767,170

767,190

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

767,170

767,190

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

12.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Share capital 1

£1

1

1

13.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

5,715

809,988

815,703

Deficit for the year

(3,631

)

(3,631

)

At 31 March 2025

2,084

809,988

812,072

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Wider.