Zealmax Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08225447 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

ZEALMAX LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs B B Stroh

REGISTERED OFFICE:

32 Paget Road

London

N16 5NQ

REGISTERED NUMBER:

08225447 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

4,125

4,853

Investments

6

1

Investment property

7

3,535,000

3,539,126

3,539,854

CURRENT ASSETS

Debtors

8

1,265,232

1,313,808

Cash at bank

4,551

4,780

1,269,783

1,318,588

CREDITORS

Amounts falling due within one year

9

(1,908,299

)

(1,889,625

)

NET CURRENT LIABILITIES

(638,516

)

(571,037

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,900,610

2,968,817

CREDITORS

Amounts falling due after more than one
year

10

(2,430,172

)

(2,439,131

)

PROVISIONS FOR LIABILITIES

(170,710

)

(170,710

)

NET ASSETS

299,728

358,976

CAPITAL AND RESERVES

Called up share capital

13

1

Fair value reserve

14

559,342

Retained earnings

14

(259,615

)

(200,367

)

SHAREHOLDERS' FUNDS

299,728

358,976

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

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

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved and authorized for issue by the director and authorised for issue on 25 June 2026 and were signed by:

Mrs B B Stroh - Director

1.	STATUTORY INFORMATION

Zealmax 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2024

and 30 September 2025

13,623

DEPRECIATION

At 1 October 2024

8,770

Charge for year

728

At 30 September 2025

9,498

NET BOOK VALUE

At 30 September 2025

4,125

At 30 September 2024

4,853

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

1

NET BOOK VALUE

At 30 September 2025

1

At 30 September 2024

1

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

3,535,000

NET BOOK VALUE

At 30 September 2025

3,535,000

At 30 September 2024

3,535,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2017

146,163

Valuation in 2023

583,890

Cost

2,804,947

3,535,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

21,238

18,348

Amounts owed by group undertakings

979,752

982,752

Other debtors

264,242

312,708

1,265,232

1,313,808

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade creditors

-

80

Taxation and social security

-

186

Other creditors

1,908,299

1,889,359

1,908,299

1,889,625

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.25

30.9.24

£

Bank loans (see note 11)

2,424,172

Other creditors

6,000

14,959

2,430,172

2,439,131

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,424,172

Other loan includes Bounceback loan of £6,000 [2024 - £14,959]. The loan is unsecured and guaranteed by HM Government.

11.

LOANS

An analysis of the maturity of loans is given below:

30.9.25

30.9.24

£

Amounts falling due between two and five years:

Other loans - 2-5 years

6,000

14,959

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,424,172

12.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

Bank loans

2,424,172

Bank loans are secured by the first legal charge of the investment properties in the books of the company and guarantee from the director.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

1

Ordinary

£1

1

14.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 October 2024

(200,367

)

559,342

358,975

Deficit for the year

(59,248

)

(59,248

)

At 30 September 2025

(259,615

)

559,342

299,727

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs B B Stroh.