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Registered Number: 14684180
England and Wales

 

 

 

ZILPHIA MICHAEL HOMES LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 28 February 2025

End date: 31 October 2025

Zilphia Michael Homes Ltd
Contents Page
For the Period 28 February 2025 to 31 October 2025
Director Michael Peter Krempels
Registered Number 14684180
Registered Office Moulton Mill
Spectacle Lane
Moulton
Northamptonshire
NN3 7SH
Accountants Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
1
Director's report and financial statements
The director presents their annual report and the financial statements for the year ended 31 October 2025.
Principal activities
Principal activity of the company during the financial period was of property management.
Director
The director who served the company throughout the period was as follows:
Michael Peter Krempels
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Michael Peter Krempels
Director

Date approved: 02 June 2026
2
Report to the directors on the preparation of the unaudited statutory accounts of Zilphia Michael Homes Ltd for the period ended 31 October 2025. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Zilphia Michael Homes Ltd for the period ended 31 October 2025 which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information/explanations you have given us. This report is made solely to the Board of Directors of Zilphia Michael Homes Ltd, as a body, in accordance with the terms of our engagement letter dated 04 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Zilphia Michael Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Zilphia Michael Homes Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zilphia Michael Homes Ltd and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Zilphia Michael Homes Ltd 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 of Zilphia Michael Homes Ltd. You consider that Zilphia Michael Homes Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the accounts of Zilphia Michael Homes Ltd. 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 statutory accounts.



....................................................

Cypher
Monkswell
Little Baldon
Oxford
OX44 9PU
02 June 2026
3
 
 		 Notes
 		 2025
£		   2025
£
Turnover 9,250    27,895 
Cost of sales (354)   (1,984)
Gross profit 8,896    25,911 
Administrative expenses (2,350)   (18,139)
Other operating income 894    6,061 
Operating profit 7,440    13,833 
Other interest receivable and similar income 665    2,351 
Interest payable and similar charges -    (502)
Profit/(Loss) on ordinary activities before taxation 8,105    15,682 
Tax on profit on ordinary activities (1,574)   (2,374)
Profit/(Loss) for the financial period 6,531    13,308 
 
4
 
 		 Notes
 		 2025
£		   2025
£
Fixed assets      
Tangible fixed assets -    73,000 
-    73,000 
Current assets      
Debtors 3 52,640    117,010 
Cash at bank and in hand -    28,115 
52,640    145,125 
Creditors: amount falling due within one year 4 (36,146)   (208,162)
Net current assets 16,494    (63,037)
 
Total assets less current liabilities 16,494    9,963 
Net assets 16,494    9,963 
 

Capital and reserves 		     
Called up share capital 5 1    1 
Profit and loss account 16,493    9,962 
Shareholders' funds 16,494    9,963 
 


For the period ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 02 June 2026 and were signed by:


-------------------------------
Michael Peter Krempels
Director
5
General Information
Zilphia Michael Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 14684180, registration address Moulton Mill, Spectacle Lane, Moulton, Northamptonshire, NN3 7SH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The company ceased trading on 31 October 2025 and these are its final accounts. The financial statements have been prepared on a non-going concern basis, with assets stated at net realisable value and liabilities at expected settlement amounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 0 (2025 : 0).
3.

Debtors: amounts falling due within one year

2025
£		   2025
£
Prepayments & Accrued Income -    280 
Other Debtors 25,663    46,762 
Corporation Tax 26,977    7,452 
Directors' Current Accounts -    62,516 
52,640    117,010 

4.

Creditors: amount falling due within one year

2025
£		   2025
£
Trade Creditors -    1,800 
Accrued Expenses 3,601    2,304 
Other Creditors -    204,058 
Directors' Current Accounts 32,545    - 
36,146    208,162 

5.

Share Capital

Authorised
1 Class A share of £1.00 each
Allotted, called up and fully paid
2025
£		   2025
£
1 Class A share of £1.00 each 1    1 
1    1 

6.

Related Parties

Kitemill Limited

M P Krempels, the sole director and shareholder of the Company is also a director of Kitemill Limited.

The Company owed Kitemill Limited £Nil at the period ending 31 October 2025 (year ended 27 February 2025: £204,059). The loan was unsecured, bore no interest and had no fixed repayment date.

Dalmatinske Vile D.O.O

Dalmatinske Vile D.O.O is a company incorporated in Croatia of which M P Krempels is a director. The balance owing to the Company at the period ending 31 October 2025 was £25,663 (year ended 27 February 2025: £25,663).

Michael P Krempels

At the period end date of 31 October 2025 the Company owed M P Krempels £32,545 via their director's loan account (year ending 27 February 2025 the Company was owed: £62,516). The loan is unsecured, bears interest when in debit and has no fixed repayment date.
7.

Cessation of Trade

On 31 October 2025 Zilphia Michael Homes Ltd ceased trading. 

The loan from Dalamatinske Vile DOO (£25,663 at 31 October 2025) will be novated to Kitemill Limited, a company registered in England and Wales which is held under common control with Zilphia Michael Homes Ltd. The loan from Kitemill Limited (which stood at £32,545 on 31 October 2025) was transferred to Michael Peter Krempels' Directors Loan on the same day and will be settled personally. Any remaining surplus will be distributed to Michael Peter Krempels. 
6