Zelmax Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Zelmax Limited for the year ended 30 April 2026

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Zelmax Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made to the directors of Zelmax Limited , as a body, in accordance with the terms of our engagement letter dated 23 January 2017. Our work has been undertaken solely to prepare for your approval the accounts of Zelmax Limited and state those matters that we have agreed to state to the directors of Zelmax Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zelmax Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Zelmax Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Zelmax Limited . You consider that Zelmax Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Zelmax Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

29th May 2026

DJ Coulter & Associates Limited

Chartered Certified Accountants

Wellesley House

7 Clarence Parade

Cheltenham

GL50 3NY

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Zelmax Limited

Balance Sheet

As At 30 April 2026

Balance Sheet

Registered number: 07588816

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		922,350		922,456

			922,350		922,456
CURRENT ASSETS
Debtors	5	1,520		9,196
Cash at bank and in hand		32,027		5,123

		33,547		14,319
Creditors: Amounts Falling Due Within One Year	6	(521,474 )		(554,513 )

NET CURRENT ASSETS (LIABILITIES)			(487,927 )		(540,194 )

TOTAL ASSETS LESS CURRENT LIABILITIES			434,423		382,262

NET ASSETS			434,423		382,262

CAPITAL AND RESERVES
Called up share capital	7		100		100
Revaluation reserve	8		44,049		44,049
Profit and Loss Account			390,274		338,113

SHAREHOLDERS' FUNDS			434,423		382,262

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Zelmax Limited

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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

Mrs Colleen Steidl

Director

29th May 2026

The notes on pages 4 to 7 form part of these financial statements.

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Zelmax Limited

Notes to the Financial Statements

For The Year Ended 30 April 2026

Notes to the Financial Statements

1. General Information

Zelmax Limited Registered number 07588816 is a limited by shares company incorporated in England & Wales. The Registered Office is 214/216 High Street High Street, Cheltenham, GL50 3HF.

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Leasehold	0%
Computer Equipment	25% reducing balance

2.4. 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.

2.5. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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Zelmax Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.6. Taxation

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

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.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2025	550,000	372,030	990	923,020

As at 30 April 2026	550,000	372,030	990	923,020

Depreciation
As at 1 May 2025	-	-	564	564
Provided during the period	-	-	106	106

As at 30 April 2026	-	-	670	670

Net Book Value
As at 30 April 2026	550,000	372,030	320	922,350

As at 1 May 2025	550,000	372,030	426	922,456

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Zelmax Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

The freehold property was revalued at £550,000 by the directors. In the opinion of the directors the value of the freehold investment property should be restated at market vlaue and appropriate provision has been transferred to the investment revaluation reserve.

The Companies Act 1985 requires fixed assets to be depreciated over thier estimated useful lives. However no depreciation has been provided on the properties as the directors consider it is inconsistent with the accounting treatment as required by Statement of Standard Accoutning Policy no.19 " Accounting for Investment Properties" and that non-provision will give a true and fair view of the company's affairs.

In accordance with Financial Reporting Standard 19: Deferred Taxation, no provision has been made in respect of the revaluation element of the freehold property. If the freehold properties were to be sold at the stated valuation using an expected taxation rate of 19%, a corporation tax liability of £8,370 would arise.

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	7,675
Prepayments and accrued income	1,520	1,521

	1,520	9,196

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	1	(1 )
Corporation tax	13,743	14,003
Other taxes and social security	377	267
VAT	3,588	4,656
Other creditors	35	35
Accruals and deferred income	1,137	7,774
Directors' loan accounts	502,593	527,779

	521,474	554,513

7. Share Capital

	2026	2025
Allotted, called up but not fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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Zelmax Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

8. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 May 2025	44,049	338,113
Profit for the year and total comprehensive income	-	52,161

As at 30 April 2026	44,049	390,274

9. Related Party Transactions

Paparrito's Limited

A company of which the directors and shareholders Ernesto Steidl and Colleen Steidl are also director and shareholder.

During the year the company invoiced Paparrito's Limited £68,795 (2025: £68,677). As at the year end Paparrito's Limited owed the company £Nil (2025: £6,000). All transactions were conducted on a commercial arms length basis.

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