Company registration number 03900384 (England and Wales)
ZANLIA LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ZANLIA LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
ZANLIA LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
4
36,132,441
36,942,319
Investment property
5
900,000
900,000
Investments
6
2
2
37,032,443
37,842,321
Current assets
Trade and other receivables
7
5,701
4,071
Cash and cash equivalents
69,304
55,993
75,005
60,064
Current liabilities
8
(11,941)
(13,188)
Net current assets
63,064
46,876
Net assets
37,095,507
37,889,197
Equity
Called up share capital
9
4,924
4,924
Share premium account
24,605,078
24,605,078
Revaluation reserve
17,442,687
17,715,837
Retained earnings
10
(4,957,182)
(4,436,642)
Total equity
37,095,507
37,889,197

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 July 2026 and are signed on its behalf by:
Mrs D S Jenkins
Director
Company registration number 03900384 (England and Wales)
ZANLIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Zanlia Limited is a private company limited by shares incorporated in England and Wales. The registered office is East Sussex National, Little Horsted, Uckfield, East Sussex, TN22 5ES.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 398 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

At 31 December 202 true 5 the statement of financial position showed negative retained earnings. The company meets its working capital requirements by way of amounts transferred from a fellow group member when required. The group directors confirmed that financial support will continue as long as necessary.

The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment.

Based on these assessments and having regard to the resources available to the entity, the directors have concluded that there is no material uncertainty in relation to the appropriateness of continuing to adopt the going concern basis in preparing the annual report and accounts.

1.3
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
2% per annum on a straight line basis (buildings element only, land is not depreciated)
Plant and machinery
25% per annum on a straight line basis
Fixtures and fittings
20% per annum on a straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

ZANLIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Non-current investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss. Recoverable amount is the higher of fair value less costs to sell and value in use.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include s deposits held at call with banks.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity. Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year.

ZANLIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.12
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease in the period to which it relates.

2
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 amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Freehold property

T he residual value of the freehold properties, held within property, plant and equipment, for the current period is £9,787,750 (2024 - £9,787,750). The properties are being depreciated down to this figure, in line with the accounting policy,

Investment property

The directors believe that the fair value of the investment property in the financial statements is £900,000 (2024 - £900,000). With a profess ional valuation being performed in 2024, they believe that the fair value represents an accurate reflection of property values in the local area.

3
Employees

The average monthly number of persons employed by the company during the year was 1 (2024 - 1).

ZANLIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
4
Property, plant and equipment
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 January 2025 and 31 December 2025
43,412,224
84,915
43,497,139
Depreciation and impairment
At 1 January 2025
6,471,345
83,475
6,554,820
Depreciation charged in the year
808,918
960
809,878
At 31 December 2025
7,280,263
84,435
7,364,698
Carrying amount
At 31 December 2025
36,131,961
480
36,132,441
At 31 December 2024
36,940,879
1,440
36,942,319

Freehold properties, included within land and buildings, were valued on an open market basis on 4 August 2017 by Barrington, Corp & Harrington and the directors used this valuation as the basis for the deemed cost on transition to FRS 102.

If freehold properties, included within land and buildings, were measured using the cost model, the carrying amounts would have been as follows:

Freehold property
2025
2024
£
£
Cost
23,511,196
23,511,196
Accumulated depreciation
(9,951,846)
(9,388,583)
Carrying value
13,559,350
14,122,613
5
Investment property
2025
£
Fair value
At 1 January 2025 and 31 December 2025
900,000

The fair value of the investment property has been arrived at by the directors on the basis of a professional valuation carried out on 23 January 2024 by Foster & Co, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the local area since this date.

ZANLIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
6
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
2
2
Movements in non-current investments
Shares in subsidiaries
£
Cost or valuation
At 1 January 2025 & 31 December 2025
2
Carrying amount
At 31 December 2025
2
At 31 December 2024
2
7
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
5,591
3,989
Other receivables
110
82
5,701
4,071
8
Current liabilities
2025
2024
£
£
Trade payables
2,141
3,440
Amounts owed to group undertakings
4,563
4,563
Taxation and social security
437
385
Other payables
4,800
4,800
11,941
13,188
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4,924
4,924
4,924
4,924
ZANLIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
10
Retained earnings

Included within retained earnings are non-distributable reserves relating to fair value adjustments to the carrying value of investment property of £600,000 (20 2 4 - £600,000).

11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Alex Chidwick FCCA
Statutory Auditor:
Sumer Audit
Date of audit report:
10 July 2026
Sumer Audit is the trading name of Sumer Auditco Limited
12
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
16,250
17,750
13
Parent company

The immediate and ultimate parent company is Horsted Estates Limited.

Horsted Estates Limited prepares consolidated financial statements and copies can be obtained from Companies House. The registered office of Horsted Estates Limited is East Sussex National, Little Horsted, Uckfield, East Sussex, TN22 5ES.

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