Registration number: 03434923

Zota Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 14

Zota Limited

Company Information

Director

N D J Moffatt

Company secretary

N D J Moffatt

Registered office

Unit B Meadow Road Cirencester Gloucestershire GL7 1YA

Accountants

Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

Zota Limited

(Registration number: 03434923)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,052,492	1,114,842
Investment property	5	2,510,622	2,510,622
Other financial assets	6	308,374	276,937
		3,871,488	3,902,401
Current assets
Stocks		743,858	-
Debtors	7	1,040,296	1,939,322
Cash at bank and in hand		688,542	851,853
		2,472,696	2,791,175
Creditors: Amounts falling due within one year	8	(2,383,024)	(2,414,762)
Net current assets		89,672	376,413
Total assets less current liabilities		3,961,160	4,278,814
Creditors: Amounts falling due after more than one year	8	(1,020,663)	(1,329,211)
Provisions	11	(100,000)	(100,000)
Deferred tax liabilities	12	(304,479)	(258,743)
Provisions for liabilities		(404,479)	(358,743)
Net assets		2,536,018	2,590,860
Capital and reserves
Called up share capital	14	333,078	333,078
Retained earnings		2,202,940	2,257,782
Shareholders' funds		2,536,018	2,590,860

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 June 2026
 

N D J Moffatt
Company secretary and director

Zota Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit B
Meadow Road
Cirencester
Gloucestershire
GL7 1YA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Development costs

Development costs are expensed in the period in which they are incurred, unless they meet the criteria of internally generated intangible assets.

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 amounts 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Zota Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Judgements

In preparing these financial statements, management has made judgements that have a significant effect on the amounts recognised in the financial statements. (a) Determining the stage of completion of construction contracts The company recognises revenue on long-term construction contracts using the input method, based on the proportion of contract costs incurred to date relative to the latest estimated total contract costs. Management exercises judgement in assessing which costs reflect progress toward satisfying performance obligations and in determining whether variations, claims and incentive payments are sufficiently certain to recognise. These judgements directly affect the timing and value of revenue and profit recognised. (b) Classification of property assets Management exercises judgement when determining whether property held should be classified as investment property or owner-occupied property. This assessment is based on the use of the property and management’s intention over the long term. (c) Identification of impairment indicators Judgement is required when assessing whether indicators of impairment exist in relation to contract balances, financial assets, and property assets. These judgements influence whether formal impairment testing is required.

Key sources of estimation uncertainty

The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, income and expenditure. Actual results may differ. Estimates with a significant risk of material adjustment include:

(a) Revenue and margin recognition on long-term construction contracts
Revenue is recognised based on the input method, using contract costs incurred to date relative to total expected costs. Significant estimates are required in calculating total contract costs, costs to complete, recoverability of variations and claims, and the impact of potential liquidated damages or performance issues.
Revisions to these estimates may materially affect revenue, gross profit and contract balances.

(b) Fair value measurement of investment properties
Investment properties are measured at fair value. Fair value is based on observable market data adjusted for property-specific factors, including location, condition, market yields, rental levels and comparable transactions. These valuations involve significant estimation and may fluctuate materially depending on market conditions.

(c) Recoverability of trade debtors and contract balances
Estimating impairment requires management to assess the creditworthiness of customers, the age and status of outstanding balances, historical default experience and specific project-related risks. Changes in these assumptions may lead to material adjustments.

(d) Provisions for contract defects
The company recognises provisions for post-completion defects where it is probable that costs will be incurred. Estimating these costs involves assumptions regarding the scale of remedial work, timing and expected contractor or supplier recoveries. These estimates may change as further information becomes available.

Zota Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Revenue recognition

Revenue represents the fair value of consideration receivable for the provision of construction services in the ordinary course of business, excluding value added tax, rebates and discounts.

For long‑term construction contracts, revenue is recognised over time using the input method, based on the proportion of contract costs incurred to date relative to the latest estimated total contract costs. Management considers this method to faithfully measure the company’s performance, as costs incurred are deemed to reflect the transfer of control of construction services to the customer.

Contract revenue includes the original contract sum together with approved variations, claims and incentive payments, to the extent that the amount can be measured reliably and recovery is considered probable. Estimates of total contract costs and contract outcomes are reviewed regularly and revised where necessary. When a contract is expected to result in a loss, the full amount of the loss is recognised immediately.

Where the outcome of a contract cannot be estimated reliably, revenue is recognised only to the extent of contract costs incurred where it is probable that such costs will be recoverable, and costs are expensed as incurred.

Amounts recoverable on contracts are presented within debtors as gross amounts due from customers for contract work. Amounts payable to customers are presented within creditors as gross amounts due to customers for contract work.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred corporation tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred corporation tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	at varying rates reducing balance
Plant and machinery	at varying rates reducing balance
Office equipment	25% reducing balance
Motor vehicles	20% reducing balance
Computer equipment	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Zota Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Zota Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is determined using the first‑in, first‑out (FIFO) method.Stocks consist of consumables used in the course of the company’s operations. Cost includes all purchase costs and any costs incurred in bringing the consumables to their present location and condition.

At each reporting date, stocks are reviewed for impairment. Where necessary, the carrying amount is reduced to reflect any decline in value, and any impairment loss is recognised in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Provisions

Provisions are recognised when the Company has a present obligation as a result of a past event, it is probable that an outflow of economic benefits will be required to settle that obligation, and a reliable estimate can be made of the amount of the obligation.

Included within the total provision balance is a specific provision of £75,000 relating to a remedial works on a completed contract. This amount has been recognised based on management’s assessment and legal advice received, and represents the best estimate of the costs expected to be incurred at the reporting date.

Management is aware that further costs may arise, however, at present the amount of any additional expenditure cannot be reliably estimated due to the uncertainty surrounding the outcome of the case.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Zota Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 36 (2024 - 37).

Zota Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5

Investment properties

	£
At 1 October 2024	2,510,622
At 30 September 2025	2,510,622

The investment property is measured at fair value at the reporting date. In the absence of an external valuation, the directors have determined the fair value by reference to observable market data, including recent transactions for comparable commercial properties in the local area, adjusted for location, property condition, and specific characteristics of the asset. The directors consider that these inputs provide a reasonable and supportable basis for the fair value measurement in accordance with FRS 102.

The directors confirm that they are satisfied the fair value represents the amount for which the property could be exchanged between knowledgeable, willing parties at arm’s length at the balance sheet date.

6

Other financial assets

	Financial assets at fair value through profit and loss £
Valuation
At 1 October 2024	276,937
Revaluations	31,437
At 30 September 2025	308,374
Carrying amount
At 30 September 2025	308,374
At 30 September 2024	276,937

7

Debtors

	Note	2025  £	2024  £
Trade debtors		607,884	1,586,073
Amounts owed by related parties	15	102,476	647
Other debtors		5,115	223
Prepayments		101,762	95,081
Gross amount due from customers for contract work	10	109,609	195,599
Corporation tax asset		113,450	61,699
		1,040,296	1,939,322

Zota Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

8

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	923,042	64,111
Trade creditors		723,161	936,452
Taxation and social security		152,235	471,725
Accruals and deferred income		195,318	178,946
Gross amount due to customers for contract work	10	299,014	719,925
Other creditors		90,254	43,603
		2,383,024	2,414,762