Company No: 04544957 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Kevin Paul Mccarthy
	Michaela Mccarthy

SECRETARY

Kevin Paul Mccarthy

REGISTERED OFFICE	Lion Barn Industrial Estate
	Needham Market
	Ipswich
	IP6 8NZ
	United Kingdom

COMPANY NUMBER

04544957 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	950,000		950,000
Investments	4	102		102
		950,102		950,102
Current assets
Debtors	5	112,805		66,573
Cash at bank and in hand		1,704,619		1,651,841
		1,817,424		1,718,414
Creditors: amounts falling due within one year	6	( 32,649)		( 28,587)
Net current assets		1,784,775		1,689,827
Total assets less current liabilities		2,734,877		2,639,929
Provision for liabilities	7	( 94,844)		( 94,844)
Net assets		2,640,033		2,545,085
Capital and reserves
Called-up share capital	8	6		6
Revaluation reserve		666,252		666,252
Profit and loss account		1,973,775		1,878,827
Total shareholders' funds		2,640,033		2,545,085

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Zenon Properties Limited (registered number: 04544957) were approved and authorised for issue by the Board of Directors on 12 January 2026. They were signed on its behalf by:

Kevin Paul Mccarthy Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Zenon Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lion Barn Industrial Estate, Needham Market, Ipswich, IP6 8NZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings

not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 August 2024	950,000		950,000
At 31 July 2025	950,000		950,000
Accumulated depreciation
At 01 August 2024	0		0
At 31 July 2025	0		0
Net book value
At 31 July 2025	950,000		950,000
At 31 July 2024	950,000		950,000

4. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 August 2024	102		102
At 31 July 2025	102		102
Carrying value at 31 July 2025	102		102
Carrying value at 31 July 2024	102		102

5. Debtors

	2025		2024
	£		£
Amounts owed by related parties	111,555		65,555
Other debtors	1,250		1,018
	112,805		66,573

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Taxation and social security	31,649		27,518
Other creditors	1,000		1,069
	32,649		28,587

7. Provision for liabilities

	2025		2024
	£		£
Deferred tax	94,844		94,844

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
4 Ordinary A shares of £ 1.00 each	4		4
2 Ordinary B shares of £ 1.00 each	2		2
	6		6

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
Amounts owed by Needham Fabrications Limited	84,788		61,788
Amounts owed by Claydon Precision Machining Limited	26,767		3,767

During the year the company entered into transactions with Needham Fabrications Limited and Claydon Precision Machining Limited.

Rent of £36,000 (2024 - £36,000) was received from Needham Fabrications Limited during the year.

Management charges of £23,000 (2024 - £23,000) were received from Needham Fabrications Limited during the year.

Management charges of £23,000 (2024 - £23,000) were received from Claydon Precision Machining Limited during the year.

Dividends of £93,000 (2024 - £797,700) were received from Needham Fabrications Limited during the year.

Dividends of £60,000 (2024 - £760,000) were received from Claydon Precision Machining Limited during the year.