REGISTERED NUMBER: 10509082 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ZAZ VENTURES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

S Decher

Registered office:

24 Greville Street

London

EC1N 8SS

Registered number:

10509082 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

21,064

28,102

Current assets

Debtors

5

2,248,874

335,521

Cash at bank

203,405

1,465,016

2,452,279

1,800,537

Creditors

Amounts falling due within one year

6

658,344

458,992

Net current assets

1,793,935

1,341,545

Total assets less current liabilities

1,814,999

1,369,647

Provisions for liabilities

7

5,266

7,026

Net assets

1,809,733

1,362,621

Capital and reserves

Called up share capital

8

10

10

Retained earnings

1,809,723

1,362,611

Shareholders' funds

1,809,733

1,362,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 December 2025 and were signed by:

S Decher - Director

1.	Statutory information

ZAZ Ventures Limited is a private company, limited by shares, registered and domiciled in England and Wales. The address of its registered office is 24 Greville Street, London, England, EC1N 8SS. The financial statements are prepared in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102" The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

4.	Tangible fixed assets

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 January 2024

58,240

7,858

66,098

Additions

-

793

793

At 31 December 2024

58,240

8,651

66,891

Depreciation

At 1 January 2024

32,305

5,691

37,996

Charge for year

6,484

1,347

7,831

At 31 December 2024

38,789

7,038

45,827

Net book value

At 31 December 2024

19,451

1,613

21,064

At 31 December 2023

25,935

2,167

28,102

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

780,000

-

Other debtors

1,468,874

335,521

2,248,874

335,521

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

29

-

Trade creditors

4,256

2,670

Taxation and social security

535,389

451,624

Other creditors

118,670

4,698

658,344

458,992

7.	Provisions for liabilities

2024

2023

£

£

Deferred tax

5,266

7,026

Deferred tax

£

Balance at 1 January 2024

7,026

Provided during year

(1,760

)

Balance at 31 December 2024

5,266

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

9

Ordinary share

£1

9

9

1

Ordinary A

£1

1

1

10

10

9.	Related party disclosures

At the year end the director was owed £1,220,228 (2023: £61,789) by the director. The loan incurs interest at the beneficial rate and is repayable on demand.