ZL Chinatown Limited
Unaudited Financial Statements
For the year ended 30 April 2025
Pages for Filing with Registrar
Company Registration No. 10702572 (England and Wales)
ZL Chinatown Limited
Company Information
Directors
Mr L Paskin
Ms Z Paskin
Company number
10702572
Registered office
6th Floor
9 Appold Street
London
EC2A 2AP
Accountants
Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
ZL Chinatown Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
ZL Chinatown Limited
Balance Sheet
As at 30 April 2025
30 April 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
496,498
558,746
Current assets
Stock
34,651
42,459
Debtors
5
419,894
379,742
Cash at bank and in hand
224,597
67,551
679,142
489,752
Creditors: amounts falling due within one year
6
(559,337)
(478,831)
Net current assets
119,805
10,921
Total assets less current liabilities
616,303
569,667
Creditors: amounts falling due after more than one year
7
-
0
(57,441)
Net assets
616,303
512,226
Capital and reserves
Called up share capital
8
66,000
66,000
Share premium account
594,000
594,000
Profit and loss reserves
(43,697)
(147,774)
Total equity
616,303
512,226

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ZL Chinatown Limited
Balance Sheet (Continued)
As at 30 April 2025
30 April 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 26 January 2026 and are signed on its behalf by:
Ms Z Paskin
Director
Company Registration No. 10702572
ZL Chinatown Limited
Notes to the Financial Statements
For the year ended 30 April 2025
Page 3
1
Accounting policies
Company information

ZL Chinatown Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, 9 Appold Street, London, EC2A 2AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
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.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
15 years straight line
Plant and equipment
33% reducing balance
Fixtures and fittings
33% reducing balance
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ZL Chinatown Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
Page 4
1.6
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

ZL Chinatown Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
1
Accounting policies
(Continued)
Page 5
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

For the current year, salaries have been classified to administrative expenditure, compared to cost of sales in the previous year. This is to bring in line the policy with other group companies.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
22
22
ZL Chinatown Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 6
3
Taxation
2025
2024
£
£
Deferred tax
Origination and reversal of timing differences
(21,399)
(53,326)
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2024
893,859
279,890
1,173,749
Additions
-
0
16,417
16,417
At 30 April 2025
893,859
296,307
1,190,166
Depreciation and impairment
At 1 May 2024
380,189
234,814
615,003
Depreciation charged in the year
61,293
17,372
78,665
At 30 April 2025
441,482
252,186
693,668
Carrying amount
At 30 April 2025
452,377
44,121
496,498
At 30 April 2024
513,670
45,076
558,746

There is a fixed and floating bank charge over all the assets of the company.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
11,255
10,555
Other debtors
293,773
295,451
Prepayments and accrued income
40,141
20,410
345,169
326,416
2025
2024
ZL Chinatown Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
5
Debtors
(Continued)
Page 7
Amounts falling due after more than one year:
£
£
Deferred tax asset
74,725
53,326
Total debtors
419,894
379,742
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
52,223
47,004
Trade creditors
193,767
113,806
Taxation and social security
83,237
75,391
Other creditors
54,220
94,456
Accruals and deferred income
175,890
148,174
559,337
478,831
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
57,441
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 10p each
660,000
660,000
66,000
66,000
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total
1,146,667
1,306,667
ZL Chinatown Limited
Notes to the Financial Statements (Continued)
For the year ended 30 April 2025
Page 8
10
Related party transactions

As at the period end the company held balances with entities in which shareholders and/or directors had beneficial interests:

Amounts due from such entities: £289,305 (2024: £166,302). During the year, a management charge expense of £244,026 (2024: £201,587) was incurred within administrative expenses from these related parties.

At the year end one of the directors owed the company £nil (202 4: £90,149).

11
Controlling Party

In the opinion of the directors there is no one controlling party.

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