Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 false The principal activity of the company is property investment 2024-01-01 false 0 0 false true 05448362 2024-01-01 2024-12-31 05448362 2023-01-01 2023-12-31 05448362 2024-12-31 05448362 2023-12-31 05448362 c:Director1 2024-01-01 2024-12-31 05448362 d:FreeholdInvestmentProperty 2024-12-31 05448362 d:FreeholdInvestmentProperty 2023-12-31 05448362 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 05448362 d:CurrentFinancialInstruments 2024-12-31 05448362 d:CurrentFinancialInstruments 2023-12-31 05448362 d:Non-currentFinancialInstruments 2024-12-31 05448362 d:Non-currentFinancialInstruments 2023-12-31 05448362 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05448362 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05448362 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05448362 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05448362 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 05448362 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 05448362 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 05448362 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 05448362 d:ShareCapital 2024-12-31 05448362 d:ShareCapital 2023-12-31 05448362 d:SharePremium 2024-12-31 05448362 d:SharePremium 2023-12-31 05448362 d:RetainedEarningsAccumulatedLosses 2024-12-31 05448362 d:RetainedEarningsAccumulatedLosses 2023-12-31 05448362 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 05448362 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05448362 c:OrdinaryShareClass1 2024-01-01 2024-12-31 05448362 c:OrdinaryShareClass1 2024-12-31 05448362 c:OrdinaryShareClass1 2023-12-31 05448362 c:OrdinaryShareClass2 2024-01-01 2024-12-31 05448362 c:OrdinaryShareClass2 2024-12-31 05448362 c:OrdinaryShareClass2 2023-12-31 05448362 c:FRS102 2024-01-01 2024-12-31 05448362 c:Audited 2024-01-01 2024-12-31 05448362 c:FullAccounts 2024-01-01 2024-12-31 05448362 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05448362 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05448362 2 2024-01-01 2024-12-31 05448362 4 2024-01-01 2024-12-31 05448362 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05448362 ZCS2 PROP LIMITED (FORMERLY ACTZONE LIMITED) FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
ZCS2 PROP LIMITED REGISTERED NUMBER: 05448362 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 22,000,000 |  | 24,700,000
|  |  | 22,000,000 |  | 24,700,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 4,106,092 |  | 531,201 |
Cash at bank and in hand | 6 | 571,874 |  | 3,776,751 |
|  | 4,677,966 |  | 4,307,952 |
Creditors: amounts falling due within one year | 7 | (812,477) |  | (1,149,576) |
Net current assets |  |  | 3,865,489 |  | 3,158,376
Total assets less current liabilities |  |  | 25,865,489 |  | 27,858,376
Creditors: amounts falling due after more than one year | 8 |  | (15,730,000) |  | (26,308,295)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | - |  | (417,295) |
|  |  | - |  | (417,295)
Net assets |  |  | 10,135,489 |  | 1,132,786
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 2 |  | 2
Share premium account |  |  | 4,999 |  | 4,999
Profit and loss account |  |  | 10,130,488 |  | 1,127,785
|  |  | 10,135,489 |  | 1,132,786
Page 1
ZCS2 PROP LIMITED REGISTERED NUMBER: 05448362 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
F A Ghenavat
Director
Date: 9 January 2026
The notes on pages 3 to 10 form part of these financial statements. Page 2
ZCS2 PROP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
ZCS2 Prop Limited is a private company by shares, registered in England and Wales (Registration number: 05448362).The financial statements are presented in pound sterling, which is the functional currency of the company. The registered office is 54 Brook's Mews, London, England, W1K 4EF. The principal activity of the company is property investment. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 3
ZCS2 PROP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.8 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 4
ZCS2 PROP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2024 | 2023
|  |  | No. | No.
|  |  | 0 | 0
Page 5
ZCS2 PROP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2024 | 24,700,000
| Surplus on revaluation | (2,700,000)
| At 31 December 2024 | 22,000,000
The 2024 valuations were made by director, on an open market value basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Historic cost | 23,000,000 | 23,000,000
|  | 23,000,000 | 23,000,000
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts owed by group undertakings | 3,899,631 | 531,201
| Prepayments and accrued income | 206,461 | -
|  | 4,106,092 | 531,201
6. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 571,874 | 3,776,751
|  | 571,874 | 3,776,751
Page 6
ZCS2 PROP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | - | 500,000
| Trade creditors | 2,948 | -
| Other taxation and social security | 87,198 | 88,178
| Other creditors | - | 106,500
| Accruals and deferred income | 722,331 | 454,898
|  | 812,477 | 1,149,576
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 15,730,000 | 15,500,000
| Other creditors | - | 10,808,295
|  | 15,730,000 | 26,308,295
Page 7
ZCS2 PROP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
9. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | - | 500,000
|  | - | 500,000
| Amounts falling due 2-5 years |  |
| Bank loans | 15,730,000 | -
|  | 15,730,000 | -
| Amounts falling due after more than 5 years |  |
| Bank loans | - | 15,500,000
|  | - | 15,500,000
|  | 15,730,000 | 16,000,000
| Bank loans of £15,730,000 are secured by way of fixed and floating charges on the assets of the Company and its parent undertaking.
Page 8
ZCS2 PROP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. | Deferred taxation
|  | 2024
|  | £
| At 1 January 2024 | 417,295
| Charged to profit or loss | (417,295)
| At end of year | -
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Surplus on revaluation of investment property | - | (417,295)
|  | - | (417,295)
11. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 1 (2023 - 1) A Ordinary share of £1.00 | 1 | 1
|  | 1 (2023 - 1) B Ordinary share of £1.00 | 1 | 1
|  |  | 2 | 2
12. | Related party transactions
| The company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the group.
13. | Controlling party
The ultimate and immediate parent Company is ZCS2 Hold Limited. Page 9
ZCS2 PROP LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified. The audit report was signed on 9 January 2026 by Daniel Walters (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.
Page 10