Zamin Holdings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Zamin Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09854189 . The registered office is Prospect House, 50 Leigh Road, Eastleigh, Hampshire, SO50 9DT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

15% and 25% reducing balance

2.4. Investment Properties

All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Zamin Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 December 2024	4,403,131	41,529	4,444,660
Additions	3,035,720	-	3,035,720
Disposals	(125,168 )	-	(125,168 )

As at 30 November 2025	7,313,683	41,529	7,355,212

Depreciation
As at 1 December 2024	-	28,237	28,237
Provided during the period	-	2,152	2,152

As at 30 November 2025	-	30,389	30,389

Net Book Value
As at 30 November 2025	7,313,683	11,140	7,324,823

As at 1 December 2024	4,403,131	13,292	4,416,423

Cost or valuation as at 30 November 2025 represented by:

	Investment Properties	Fixtures & Fittings	Total
	£	£	£
At cost	7,313,683	41,529	7,355,212

	7,313,683	41,529	7,355,212

There has been no valuation of investment property by an independent valuer.

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 December 2024	2,501
Additions	100
Disposals	(101 )

As at 30 November 2025	2,500

Provision
As at 1 December 2024	-

As at 30 November 2025	-

Net Book Value
As at 30 November 2025	2,500

As at 1 December 2024	2,501

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Zamin Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Details of subsidiary undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Manucourt Limited

Registered Office - Prospect House, 50 Leigh Road, Eastleigh, Hampshire. SO50 9DT

Holding - Ordinary shares

Proportion of voting rights and shares held - 100%

The principal activity of Manucourt Limited is that of residential care homes. Its financial period end is 30 November. The profit for the financial period of Manucourt Limited to 30 November 2025 was £1,165,108 (2024 - £319,297) and the aggregate amount of capital and reserves at the end of the period was £1,100,804 (2024 - £635,696).

Barton Lodge Care Home Limited

Registered Office - Prospect House, 50 Leigh Road, Eastleigh, Hampshire. SO50 9DT

Holding - Ordinary shares

Proportion of voting rights and shares held - 100%

The principal activity of Barton Lodge Care Home Limited is that of a dormant company. Its financial period end is 31 May. The profit for the financial period of Barton Lodge Care Home Limited was £nil and the aggregate amount of capital and reserves at the end of the period was £1,400.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,961	4,689
Prepayments and accrued income	683	598
Other debtors	-	1,155,000
Directors' loan accounts	-	94,649
Amounts owed by associates	80,000	552,025

	83,644	1,806,961

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(1 )	141
Corporation tax	34,854	71,636
VAT	-	441
Accruals and deferred income	95,708	2,393
Directors' loan accounts	28,792	-
Amounts owed to subsidiaries	16,150	16,150

	175,503	90,761

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1,000 Ordinary Shares of £ 1.000 each	1,000	1,000
200 Ordinary A shares of £ 1.000 each	200	200
520 Ordinary B shares of £ 1.000 each	520	520
480 Ordinary C shares of £ 1.000 each	480	480

	2,200	2,200

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Zamin Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Related Party Transactions

Manucourt Limited

A 100% wholly owned subsidiary.

The company received dividends of £700,000 (2024 - £400,000) from Manucourt during the year. Rental income amounting to £340,464 (2024 - £471,999) was derived from property let to Manucourt Ltd.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,324,823		4,416,423
Investments	5		2,500		2,501

			7,327,323		4,418,924
CURRENT ASSETS
Debtors	6	83,644		1,806,961
Cash at bank and in hand		1,059,776		2,130,366

		1,143,420		3,937,327
Creditors: Amounts Falling Due Within One Year	7	(175,503 )		(90,761 )

NET CURRENT ASSETS (LIABILITIES)			967,917		3,846,566

TOTAL ASSETS LESS CURRENT LIABILITIES			8,295,240		8,265,490

PROVISIONS FOR LIABILITIES
Deferred Taxation			(63,273 )		(63,811 )

NET ASSETS			8,231,967		8,201,679

CAPITAL AND RESERVES
Called up share capital	8		2,200		2,200
Profit and Loss Account			8,229,767		8,199,479

SHAREHOLDERS' FUNDS			8,231,967		8,201,679