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REGISTERED NUMBER: 07713778 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Zephyr Property Management Limited

Zephyr Property Management Limited (Registered number: 07713778)

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Zephyr Property Management Limited

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | Mrs J L Cole

| Miss M N Cole

| REGISTERED OFFICE: | c/o Ency Associates

| Printware Court

| Cumberland Business Centre

| Portsmouth

| Hampshire

| PO5 1DS

| REGISTERED NUMBER: | 07713778 (England and Wales)

| ACCOUNTANTS: | Ency Associates

| Chartered Certified Accountants

| Printware Court

| Cumberland Business Centre

| Northumberland Road

| Portsmouth

| Hampshire

| PO5 1DS

Zephyr Property Management Limited (Registered number: 07713778)

Balance Sheet

31 December 2025

| 31.12.25 | 31.12.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 5,904 |  | 6,946 |  |

5,904 |  | 6,946 |  |

CURRENT ASSETS

Debtors | 6 | 7,965 |  | 29,286 |  |

Investments | 7 | 57,840 |  | 55,454 |  |

Cash at bank | 28,287 |  | 22,928 |  |

94,092 |  | 107,668 |  |

CREDITORS

Amounts falling due within one year | 8 | 34,728 |  | 32,911 |  |

NET CURRENT ASSETS | 59,364 |  | 74,757 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 65,268 |  | 81,703 |  |

PROVISIONS FOR LIABILITIES | 1,565 |  | 1,841 |  |

NET ASSETS | 63,703 |  | 79,862 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 63,701 |  | 79,860 |  |

SHAREHOLDERS' FUNDS | 63,703 |  | 79,862 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Zephyr Property Management Limited (Registered number: 07713778)

Balance Sheet - continued

31 December 2025

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 20 July 2026 and were signed on its behalf by:

Mrs J L Cole - Director

Zephyr Property Management Limited (Registered number: 07713778)

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Zephyr Property Management Limited 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.

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.

| Turnover

| Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

| Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

| Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

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

| Equipment | - | 15% on reducing balance

| Fixtures & fittings | - | 15% on reducing balance

| 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 balance sheet date.

Zephyr Property Management Limited (Registered number: 07713778)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

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

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 25,729 |  |

| AMORTISATION

| At 1 January 2025

| and 31 December 2025 | 25,729 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  |

| At 31 December 2024 | - |  |

Zephyr Property Management Limited (Registered number: 07713778)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Equipment |  | & fittings |  | Totals

£ | £ | £ |

| COST

| At 1 January 2025

| and 31 December 2025 | 10,738 |  | 1,539 |  | 12,277 |  |

| DEPRECIATION

| At 1 January 2025 | 4,885 |  | 446 |  | 5,331 |  |

| Charge for year | 878 |  | 164 |  | 1,042 |  |

| At 31 December 2025 | 5,763 |  | 610 |  | 6,373 |  |

| NET BOOK VALUE

| At 31 December 2025 | 4,975 |  | 929 |  | 5,904 |  |

| At 31 December 2024 | 5,853 |  | 1,093 |  | 6,946 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Trade debtors | 183 |  | 261 |  |

| Other debtors | 7,782 |  | 29,025 |  |

7,965 |  | 29,286 |  |

7. | CURRENT ASSET INVESTMENTS

| 31.12.25 |  | 31.12.24

£ | £ |

| Unlisted investments | 57,840 |  | 55,454 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.25 |  | 31.12.24

£ | £ |

| Taxation and social security | 31,979 |  | 29,527 |  |

| Other creditors | 2,749 |  | 3,384 |  |

34,728 |  | 32,911 |  |

| Client account bank accounts totalled £1,614,608 (2024 - £1,385,867) at the year end.

Zephyr Property Management Limited (Registered number: 07713778)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

| 31.12.25 |  | 31.12.24

£ | £ |

| Mrs J L Cole

| Balance outstanding at start of year | 6,856 |  | 18,168 |  |

| Amounts repaid | (6,856 | ) | (11,312 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 6,856 |  |

| Miss M N Cole

| Balance outstanding at start of year | 6,882 |  | 18,194 |  |

| Amounts repaid | (6,882 | ) | (11,312 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | 6,882 |  |

10. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party.