Zamann Properties Ltd iXBRL

Company Registration Number: 12348745

Zamann Properties Ltd

Director's Report and Unaudited Financial Statements

for the financial year ended 31 December 2024

Zamann Properties Ltd

DIRECTOR'S REPORT

for the financial year ended 31 December 2024

The director presents their report and the unaudited financial statements for the financial year ended 31 December 2024.

Director

The director who served during the financial year is as follows:

Mr Hassan Zaman

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of director's Responsibilities and Declaration on Unaudited Financial Statements

General responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless they is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Director's declaration on unaudited financial statements

In relation to the financial statements comprising the Statement of Financial Position and the related notes:

The director approves these financial statements and confirms that they is responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.

The director confirms that they has made available to Red Apple Tax, (Chartered Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mr Hassan Zaman

Director

29 December 2025

Zamann Properties Ltd

CHARTERED ACCOUNTANTS REPORT

to the Director on the Compilation of the unaudited financial statements of Zamann Properties Ltd

for the financial year ended 31 December 2024

In accordance with our engagement letter dated 15/12/2025 and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 December 2024 as set out on pages to which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at <www.icaew.com/membershandbook>.

This report is made solely to the director of Zamann Properties Ltd, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.

You have acknowledged on the Statement of Financial Position for the year ended 31 December 2024 your duty to ensure that Zamann Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zamann Properties Ltd. You consider that Zamann Properties Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Zamann Properties Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

RED APPLE TAX

Chartered Accountants

15 Lemington Avenue

Halifax

West Yorkshire

HX1 3XD

29 December 2025

Zamann Properties Ltd

Company Registration Number: 12348745

STATEMENT OF FINANCIAL POSITION

as at 31 December 2024

		2024	2023
	Notes	£	£

Non-Current Assets

Investment properties

1,551,039

1,561,039

─────────

Current Assets

Receivables

3,925

17,215

Cash and cash equivalents

4,275

17,502

─────────

8,200

34,717

─────────

Payables: amounts falling due within one year

(1,391,149)

(1,487,706)

─────────

Net Current Liabilities

(1,382,949)

(1,452,989)

─────────

Total Assets less Current Liabilities

168,090

108,050

═════════

Equity

Called up share capital

100

100

Retained earnings

167,990

107,950

─────────

Equity attributable to owners of the company

168,090

108,050

═════════

The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Income Statement.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 29 December 2025



________________________________
Mr Hassan Zaman
Director

Zamann Properties Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

General Information

Zamann Properties Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 12348745. The registered office of the company is 1 Savile Road, Halifax, West Yorkshire, HX1 2BA, United Kingdom. The company specializes in leasing and managing commercial properties, providing businesses with high-quality, well-located units under flexible lease agreements. Its focus is on maintaining premium standards, fostering strong tenant relationships, and ensuring sustainable growth. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Revenue

Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business.

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Income Statement as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Income Statement.

Trade and other receivables

Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Statement of Financial Position bank overdrafts are shown within Payables.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.


3.	Employees

	The average monthly number of employees, including director, during the financial year was 2, (2023 - 0).

		2024	2023
		Number	Number

	Administration	1	-
	Director	1	-
		─────────	─────────
		2	-
		═════════	═════════


4.	Investment Properties
		Investment
		properties

		£
	Cost
	At 1 January 2024	1,561,039
	Disposals	(10,000)
		─────────
	At 31 December 2024	1,551,039
		─────────
	Carrying amount
	At 31 December 2024	1,551,039
		═════════
	At 31 December 2023	1,561,039
		═════════


5.	Receivables	2024	2023
		£	£

	Trade receivables	3,925	12,116
	Prepayments and accrued income	-	5,099
		─────────	─────────
		3,925	17,215
		═════════	═════════

Payables

2024

2023

Amounts falling due within one year

Bounce Bank loan

32,041

37,956

Trade payables

5,161

2,716

Amounts owed to related parties (Note 9)

328,887

325,831

Taxation (Note 7)

52,785

32,762

Director's current account

922,401

1,045,934

Other creditors

34,650

29,000

Accruals

15,224

13,507

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1,391,149

1,487,706

═════════

The loan is unsecured and is 100% guaranteed by the UK Government under the Bounce Back Loan Scheme. No personal guarantees have been provided by the directors.


7.	Taxation	2024	2023
		£	£

	Payables:
	Corporation tax	52,785	32,762
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2024.

Related party transactions

Net balances with related parties:

2024

2023

Trading amounts owed to related parties

328,887

325,831

═════════

During the year, the company had an intercompany loan account with Zamann Specialist Cars Ltd, a company under common control of the director. The balance outstanding at the year-end was £328,887 (2024: £325,831).

The loan is unsecured, interest-free, and repayable on demand. No guarantees have been given or received.

The director has a controlling interest in both companies.

10.

Director's advances, credits and guarantees

At the balance sheet date, the company owed £922,401 (2024: £1,045,934) to a director.

The amount is unsecured, interest-free, and repayable on demand.

No guarantees have been given or received.

11.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.

12.

Changes in Equity

The company has taken advantage of the disclosure exemptions available to small entities under FRS 102 Section 1A and has not presented a Statement of Changes in Equity