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Registered number: 11206952
Zignec Properties Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
M. Tatar & Associates
Zignec Properties Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Zignec Properties Ltd
Balance Sheet
As At 28 February 2026
Balance Sheet
Registered number: 11206952

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 2,692,815 |  | 2,640,015
|  |  | 2,692,815 |  | 2,640,015
CURRENT ASSETS
Debtors | 5 | 15,598 |  | 35,167 |
Investments | 6 | 95,475 |  | 95,475 |
Cash at bank and in hand |  | 102,110 |  | 154,253 |
|  | 213,183 |  | 284,895 |
Creditors: Amounts Falling Due Within One Year | 7 | (52,563 ) |  | (75,224 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 160,620 |  | 209,671
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,853,435 |  | 2,849,686
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (2,490,859 ) |  | (2,554,816 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 10 |  | (45,407 ) |  | (35,375 )
NET ASSETS |  |  | 317,169 |  | 259,495
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100 |  | 100
Fair value reserve | 12 |  | 193,578 |  | 150,810
Profit and Loss Account |  |  | 123,491 |  | 108,585
SHAREHOLDERS' FUNDS |  |  | 317,169 |  | 259,495

Page 1
Page 2
Zignec Properties Ltd
Balance Sheet (continued)
As At 28 February 2026
For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr C K Ahmet Director
31/03/2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Zignec Properties Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2026
Notes to the Financial Statements
1. General Information
Zignec Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11206952 . The registered office is 2 Church Walk, Colchester, CO1 1NS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Page 3
Page 4
Zignec Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2025: 1)
1 1
4. Investment Property

| 2026
--- | ---
| £
Fair Value
As at 1 March 2025 | 2,640,015
Fair value adjustments | 52,800
As at 28 February 2026 | 2,692,815

Investment property comprises of 2 investment properties. The Director of the company deems the fair value of the investment property combined to align with the fair value determined for the FY26 year-end, as well as the FY25 year. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
5. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 4,376 |  | 29,953
Other debtors | 11,222 |  | 5,214
| 15,598 |  | 35,167

6. Current Asset Investments

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Short term deposits | 95,475 |  | 95,475

7. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | 29,323 |  | 28,722
Other creditors | 23,240 |  | 44,350
Taxation and social security | - |  | 2,152
| 52,563 |  | 75,224

8. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,094,126 |  | 1,114,000
Other creditors | 1,396,733 |  | 1,440,816
| 2,490,859 |  | 2,554,816

The other creditors represent: amounts due to connected companies £1,198,245 (2025: £1,232,327) and a
director's loan of £208,488 (2025: £198,488 )
Page 4
Page 5
Zignec Properties Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2026
9. Loans
An analysis of the maturity of loans is given below:

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Bank loans | 1,094,126 |  | 1,114,000

10. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Other timing differences | 45,407 |  | 35,375

The deferred tax liability set out above is expected to reverse within and relates to accelerated capital allowances that are expected to mature within the same period.
11. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

12. Reserves

| Fair value reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 March 2025 | 150,810 | 108,585
Profit for the year and total comprehensive income | - | 75,174
Dividends paid | - | (17,500)
Transfer to/from Fair value reserve | - | (42,768)
Transfer to/from Profit & Loss Account | 42,768 | -
As at 28 February 2026 | 193,578 | 123,491

Page 5