Company No: 12127938 (England and Wales)

Contents

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

DIRECTORS	Mr L D Crestohl
	Mr K Mittal
	Ms F Zaiwalla
	Mr S Zaiwalla
	Mr V Zaiwalla

REGISTERED OFFICE	137 - 144 High Holborn
	London
	WC1V 6PL
	United Kingdom

COMPANY NUMBER

12127938 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	264 Banbury Road
	Oxford
	OX2 7DY
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	4	1,466,667		1,566,667
Tangible assets	5	47,832		50,617
		1,514,499		1,617,284
Current assets
Debtors	6	3,474,798		3,072,757
Cash at bank and in hand		490,873		815,818
		3,965,671		3,888,575
Creditors: amounts falling due within one year	7	( 1,371,313)		( 1,498,451)
Net current assets		2,594,358		2,390,124
Total assets less current liabilities		4,108,857		4,007,408
Creditors: amounts falling due after more than one year	8	( 1,670,000)		( 1,825,000)
Provision for liabilities	9, 10	( 2,390)		( 987)
Net assets		2,436,467		2,181,421
Capital and reserves
Called-up share capital	11	1,000		1,000
Profit and loss account		2,435,467		2,180,421
Total shareholders' funds		2,436,467		2,181,421

For the financial year ending 31 March 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 Profit and Loss Account has not been delivered.

The financial statements of Zaiwalla & Co Ltd (registered number: 12127938) were approved and authorised for issue by the Board of Directors on 24 April 2026. They were signed on its behalf by:

Ms F Zaiwalla Director

1. Accounting policies

**Company information**
Zaiwalla & Co Limited is a private company limited by shares incorporated in England and Wales. The registered office is Holborn Tower, 137-144 High Holborn, London, WC1V 6PL.

General information and basis of accounting

These financial statements have been prepared in accordance with 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 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts 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.

Turnover

Turnover represents the amounts recoverable for the services provided to clients, excluding value added tax, under contractual obligations which are performed gradually over time.

Employee benefits

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

Taxation

Current tax
The 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 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.

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.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Intangible assets

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Goodwill

20 years straight line

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:

Land and buildings	15 % reducing balance
Plant and machinery etc.	15 - 25 % reducing balance

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.

Leases

The Company as lessee
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 leases asset are consumed.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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.

Financial instruments

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

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		18

4. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	2,000,000		2,000,000
At 31 March 2025	2,000,000		2,000,000
Accumulated amortisation
At 01 April 2024	433,333		433,333
Charge for the financial year	100,000		100,000
At 31 March 2025	533,333		533,333
Net book value
At 31 March 2025	1,466,667		1,466,667
At 31 March 2024	1,566,667		1,566,667

5. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 April 2024	7,294		125,232		132,526
Additions	0		8,821		8,821
At 31 March 2025	7,294		134,053		141,347
Accumulated depreciation
At 01 April 2024	3,710		78,199		81,909
Charge for the financial year	538		11,068		11,606
At 31 March 2025	4,248		89,267		93,515
Net book value
At 31 March 2025	3,046		44,786		47,832
At 31 March 2024	3,584		47,033		50,617

6. Debtors

	2025		2024
	£		£
Trade debtors	3,007,852		2,543,491
Other debtors	466,946		529,266
	3,474,798		3,072,757

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	688,306		687,088
Corporation tax	290,540		73,595
Other taxation and social security	46,767		38,302
Other creditors	345,700		699,466
	1,371,313		1,498,451

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to directors	1,670,000		1,825,000

There are no amounts included above in respect of which any security has been given by the small entity.

9. Provision for liabilities

	2025		2024
	£		£
Deferred tax	2,390		987

10. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 987)		0
Charged to the Profit and Loss Account	( 1,403)		( 987)
At the end of financial year	( 2,390)		( 987)

11. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
12,000 A ordinary shares of £ 0.01 each	120		120
37,000 Z1 ordinary shares of £ 0.01 each	370		370
25,500 Z2 ordinary shares of £ 0.01 each	255		255
25,500 Z3 ordinary shares of £ 0.01 each	255		255
	1,000		1,000

12. Related party transactions

Included in debtors is an amount of £Nil (2024: £245,788) owed to directors. This accrued £8,592 interest at the official beneficial loan interest rate.

Included in creditors falling due within one year is an amount of £32,986 (2024: £538,732) owed to the directors .

Included in creditors falling due after more than one year is an amount of £1,670,000 (2024: £1,825,00) owed to the directors.

13. 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
	£		£
Lease commitments	190,369		324,509