REGISTERED NUMBER: 09229387 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

ZAREM LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

2,785,000

2,785,000

CURRENT ASSETS

Debtors

5

652

609

Cash at bank

9,528

12,908

10,180

13,517

CREDITORS

Amounts falling due within one year

6

925,649

967,942

NET CURRENT LIABILITIES

(915,469

)

(954,425

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,869,531

1,830,575

CREDITORS

Amounts falling due after more than one year

7

(55,845

)

(58,236

)

PROVISIONS FOR LIABILITIES

(260,204

)

(260,204

)

NET ASSETS

1,553,482

1,512,135

CAPITAL AND RESERVES

Called up share capital

9

486,200

486,200

Non-distributable reserves

10

780,614

780,614

Retained earnings

10

286,668

245,321

SHAREHOLDERS' FUNDS

1,553,482

1,512,135

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 directors acknowledge their 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 by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

Z Mehmet - Director

1.	STATUTORY INFORMATION

Zarem Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09229387

Registered office:

368 Forest Road

London

E17 5JF

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at fair value at the balance sheet date in the opinion of the director. Any aggregate surplus or deficit 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

2,785,000

NET BOOK VALUE

At 30 September 2025

2,785,000

At 30 September 2024

2,785,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2025 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 30 September 2025 is represented by:

£

Valuation in 2022

2,865,000

Valuation in 2023

155,000

Valuation in 2024

(235,000

)

2,785,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

652

609

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

10,360

17,817

Amounts owed to connected undertakings

481,201

494,701

Taxation and social security

9,805

816

Other creditors

424,283

454,608

925,649

967,942

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

55,845

58,236

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,306

53,511

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

8,513

10,578

Bank loans - 1-2 years

1,847

7,239

10,360

17,817

Amounts falling due between two and five years:

Bank loans- 2-5 years

5,539

4,725

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

50,306

53,511

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

486,200

Ordinary

1.00

486,200

486,200

10.

RESERVES

Retained

Non-distributable

earnings

reserves

Totals

£

£

£

At 1 October 2024

245,321

780,614

1,025,935

Profit for the year

41,347

41,347

At 30 September 2025

286,668

780,614

1,067,282

11.	RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

2025

2024

£

£

Amounts owed by/(to) Z Mehmet (Director)

(419,631

)

(450,408

)

Amounts owed by/(to) connected companies:

Golden Mantella Jewellers Limited

-

(16,000

)

Kinsman Estates Limited

(456,068

)

(456,068

)

Magnacares Limited

(25,133

)

(22,633

)