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Zeina Park Holding Limited
Registered number: 16048880
Information for filing with the Registrar
For the period ended 31 March 2026
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ZEINA PARK HOLDING LIMITED
REGISTERED NUMBER: 16048880
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current (liabilities)
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 July 2026.
The notes on pages 2 to 11 form part of these financial statements.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
Zeina Park Holding Limited ("the Company") is a private company, limited by shares, incorporated in England & Wales.
The address of its registered office and principal place of business is Zeina House, Milner Way, Ossett, West Yorkshire, WF5 9JE. The registered number is 16048880.
The Company was incorporated on 29 October 2024. The current period figures have been prepared for a 17-month period ended 31 March 2026, therefore the results show no prior period comparatives.
The principal activity of the Company is the ownership and management of investment property.
The presentation currency for the financial statements is Pound Sterling (£) as this is the currency of the primary economic environment in which the Company operates and is rounded to the nearest pound.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
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Financial Reporting Standard 102 - reduced disclosure exemptions
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The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Ossett Holdings Limited as at 31 March 2026 and these financial statements may be obtained from Companies House.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
2.Accounting policies (continued)
The directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the going concern basis of accounting continues to be appropriate in preparing the financial statements.
The directors have considered a period in excess of twelve months from the date of approval of these financial statements in making this assessment.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rental income
Income from the letting and maintenance of investment property is recognised in the Statement of Comprehensive Income on a straight-line basis over the lease term.
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Operating leases: the Company as lessor
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Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.
Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
2.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income 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 income.
Investment property is carried at fair value determined periodically by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” 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.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
2.Accounting policies (continued)
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Financial instruments (continued)
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Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Other financial assets
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
2.Accounting policies (continued)
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Financial instruments (continued)
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Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Other financial instruments
Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.
Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
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Judgments in applying accounting policies and key sources of estimation uncertainty
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Critical judgments in applying the Company's accounting policies
The critical judgments that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are discussed below.
(i) Assessing indicators of impairment
In assessing whether there have been any indicators of impairment of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability and where applicable, the ability of the asset to be operated as planned.
Key sources of estimation uncertainty
(i) Investment property valuation
Determining the fair value of investment properties is inherently subjective. Investment property is carried at fair value determined periodically by external valuers, considered annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.
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The average monthly number of employees, including directors, during the period was 2.
The Directors are not remunerated by this Company. The remuneration is borne by another group company.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
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Freehold investment property
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Freehold investment property relates to property owned by the Company which is rented to another group company and external parties.
The last formal valuation was provided by Knight Frank LLP during 2025. The directors are satisfied the carrying value at the year end represents the fair value.
The fair value of the investment property was based on a valuation performed by an independent valuer, who holds a professional qualification with the Royal Institute of Chartered Surveyors and has experience in the locations and classes of investment properties valued.
Investment property has been valued on a square foot basis and have been undertaken in accordance with the RICS Appraisal & Valuation Standards Manual (The Red Book). This approach involves comparing the latest available valuations for comparable properties in the surrounding areas and adjusting the valuation for any specific considerations that need to be taken into account for the particular properties being valued.
There are no restrictions on the realisability of investment properties or the remittance of income. Furthermore, there are no contractual obligations that must be disclosed with regards to the investment properties.
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Amounts owed by group undertakings
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Amounts owed by group undertakings are interest free and repayable on demand.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Amounts owed to parent undertaking
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Accruals and deferred income
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Amounts owed to group and associated undertakings are interest free and repayable on demand.
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Creditors: Amounts falling due after more than one year
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A fixed and floating charge has been created over all assets and undertakings of the Company, effective from 3 December 2025 in favour of Lloyds Bank plc and secured over the freehold and leasehold property, the fixed plant and machinery, all book debts and all other debts.
The loan is repayable by monthly instalments with the final instalment being due January 2031.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
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Analysis of the maturity of loans is given below:
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Amounts falling due within one year
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Amounts falling due 1-5 years
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A fixed and floating charge has been created over all assets and undertakings of the Company, effective from 3 December 2025 in favour of Lloyds Bank plc and secured over the freehold and leasehold property, the fixed plant and machinery, all book debts and all other debts.
The loan is repayable by monthly instalments with the final instalment being due January 2031.
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Allotted, called up and fully paid
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1 Ordinary share of £1.00
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1 Ordinary share with a nominal value of £1.00 was issued at the date of incorporation, 29 October 2024.
Ordinary shares hold full rights in respect of voting, dividends and capital distribution.
Profit and loss account
The profit and loss account represents cumulative profits and losses of the Company less dividends distributed to shareholders.
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Related party transactions
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The Company has taken the available exemption under FRS 102 Section 33 not to disclose transactions and balances with wholly owned members of the Group. Copies of the consolidated financial statements of Ossett Holdings Limited can be obtained from Companies House.
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ZEINA PARK HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 17-MONTH PERIOD ENDED 31 MARCH 2026
The immediate and ultimate parent company is Ossett Holdings Limited, a company incorporated in England. The registered address of Ossett Holdings Limited is Zeina House, Milner Way, Ossett, England, WF5 9JE.
This is the largest and smallest group into which the Company's results are consolidated.
The directors do not consider there to be a single ultimate controlling party.
The auditor's report on the financial statements for the 17-month period ended 31 March 2026 was unqualified.
The audit report was signed on 29 July 2026 by Christopher Hudson (Senior Statutory Auditor) on behalf of Forvis Mazars LLP.
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