ZEAL HOTELS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A P Clark

S C Lousada

G J Sturge

T J Wheeldon

REGISTERED OFFICE:

Estate Office

Oakley House

Oakley

Bedford

Bedfordshire

MK43 7ST

REGISTERED NUMBER:

07579481 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Intangible assets

4

1,762,158

1,547,910

CURRENT ASSETS

Debtors

5

37,155

6,804

Cash at bank

883

75

38,038

6,879

CREDITORS

Amounts falling due within one year

6

124,782

1,477,838

NET CURRENT LIABILITIES

(86,744

)

(1,470,959

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,675,414

76,951

CREDITORS

Amounts falling due after more than one year

7

2,185,053

304,434

NET LIABILITIES

(509,639

)

(227,483

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(509,739

)

(227,583

)

(509,639

)

(227,483

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd April 2026 and were signed on its behalf by:

S C Lousada - Director

1.	STATUTORY INFORMATION

Zeal Hotels Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of twenty five years.

Intellectual property rights are amortised evenly over their estimated useful life of ten years from the completion of the concept.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

property

Trademarks

rights

Totals

£

£

£

COST

At 1st October 2024

1,300

1,546,740

1,548,040

Additions

-

214,300

214,300

At 30th September 2025

1,300

1,761,040

1,762,340

AMORTISATION

At 1st October 2024

130

-

130

Amortisation for year

52

-

52

At 30th September 2025

182

-

182

NET BOOK VALUE

At 30th September 2025

1,118

1,761,040

1,762,158

At 30th September 2024

1,170

1,546,740

1,547,910

In the opinion of the directors, the intellectual property rights have a useful live of ten years, representing the period they believe it will take their competitors to catch up with their design concept.

Amortisation is only charged from the time the concept is complete. At this balance sheet date the concept was not fully complete.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by participating interests

-

4,080

Other debtors

100

100

VAT

36,597

2,624

Prepayments and accrued income

458

-

37,155

6,804

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

67,030

2,676

Amounts owed to participating interests

21,542

14,422

Accruals and deferred income

36,210

1,460,740

124,782

1,477,838

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to related companies

2,185,053

304,434

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Owed to related companies

2,185,053

-

The amount owed to Lousada plc is secured by a fixed and floating charge over the company's assets, including the Intellectual Property Rights.

9.	RELATED PARTY DISCLOSURES

Lousada plc is a company controlled by Mr S C Lousada, a director and shareholder in the company.

Included within creditors due after more than one year is a loan from Lousada plc of £2,185,053 (2024: £304,434).

Interest was paid on this loan of £152,131 in the period (2024: £28,716).