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Registered number: 14810716 ZUND PROPERTY LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
ZUND PROPERTY LIMITED REGISTERED NUMBER: 14810716 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 5 |  | 4,254,844 |  | 4,254,844
|  |  | 4,254,844 |  | 4,254,844
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 5,105 |  | 4,433 |
Cash at bank and in hand | 7 | 178,811 |  | 80,482 |
|  | 183,916 |  | 84,915 |
Creditors: amounts falling due within one year | 8 | (4,542,277) |  | (4,452,416) |
Net current liabilities |  |  | (4,358,361) |  | (4,367,501)
Total assets less current liabilities |  |  | (103,517) |  | (112,657)
Net liabilities |  |  | (103,517) |  | (112,657)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (103,617) |  | (112,757)
|  |  | (103,517) |  | (112,657)
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. 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:
O S Zund
Director
Date: 7 April 2026
The notes on pages 2 to 5 form part of these financial statements. Page 1
ZUND PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Zund Property Limited is a private company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. Its primary activity is that of holding investment property. 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 requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. 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 (see note 3). The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have assessed whether the use of the going concern basis of accounting is appropriate, i.e. whether there are material uncertainties relating to events or conditions that may cast doubt on the ability of the company to continue as a going concern. The company has made a profit this year after the first 2 trading periods being loss making. The company has net current liabilities and net liabilities as the property was not generating rental income. Rental income is now being fully charged and as a result the company has made a profit and is expected to trade profitably as a going concern. In making this assessment the directors have considered a period of at least one year from the date of approval of the financial statements. On the basis of this assessment and ongoing support from the parent company, the directors consider that there are no such material uncertainties.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 2
ZUND PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | 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.
| 2.5 | 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.
| 2.6 | Investment property
Investment property is carried at fair value determined by the Directors. No depreciation is provided. Any changes in fair value will be recognised in profit or loss.
| 2.7 | 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.
| 2.8 | 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.
| 2.9 | 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.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. Investment Property Valuation - the fair value of the property is derived from the current market rates and investment property yields for comparable real estate. Page 3
ZUND PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
5. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2025 | 4,254,844
| At 31 December 2025 | 4,254,844
The 2025 valuations were made by the directors, on an open market value for existing use basis.
| At 31 December 2025
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 4,254,844 | 4,254,844
|  | 4,254,844 | 4,254,844
| During the prior year, Zund Property Limited (lessor) entered into a new lease agreement with Zund UK Limited (lessee), a fellow subsidiary, amounting to £117,000 per annum for a period of 10 years in respect of the investment property.
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 5,105 | 4,433
|  | 5,105 | 4,433
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ZUND PROPERTY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 178,811 | 80,482
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 88,826 | -
| Amounts owed to group undertakings | 4,441,316 | 4,441,316
| Other taxation and social security | 5,850 | 5,850
| Accruals and deferred income | 6,285 | 5,250
|  | 4,542,277 | 4,452,416
9. | Related party transactions
| A loan has been provided to the Company by the parent company. Interest is charged at 2% and the loan can be terminated by both parties with notice of six months. Interest of £88,826 (2024:£100,234) was charged during the year and is included in trade creditors at the year end. The total amount owed to the parent company at the year end was £4,530,142 (2024: £4,441,316) and is included in trade creditors and amounts owed to group undertakings. During the year, rental income of £117,000 (2024: £97,500) was received from Zund UK Ltd, a fellow subsidiary.
10. | Controlling party
The ultimate controlling party is K. Zund. The immediate parent company is Zünd Holding AG, a Swiss Company.
11. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 7 April 2026 by Graham Wintle (Senior statutory auditor) on behalf of Moore Kingston Smith LLP.
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