Zonebell London Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08651767

Zonebell London Limited

Filleted Unaudited Financial Statements

31 August 2025

Zonebell London Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		13,072,513	13,072,513

Current assets

Debtors	6	52,504	80,058
Cash at bank and in hand		223,375	70,091
		---------	---------
		275,879	150,149

Creditors: amounts falling due within one year	7	( 1,748,218)		( 1,810,472)
		------------		------------
Net current liabilities			( 1,472,339)	( 1,660,323)
			-------------	-------------
Total assets less current liabilities			11,600,174	11,412,190

Creditors: amounts falling due after more than one year	8		( 4,242,941)	( 4,325,484)

Provisions

Taxation including deferred tax	( 474,769)	( 474,769)
	-------------	-------------
Net assets	6,882,464	6,611,937
	-------------	-------------

Capital and reserves

Called up share capital		100	100
Profit and loss account	9	6,882,364	6,611,837
		------------	------------
Shareholders funds		6,882,464	6,611,937
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Zonebell London Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 28 August 2026 , and are signed on behalf of the board by:

Mr U Somaia

Director

Company registration number: 08651767

Zonebell London Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 77 Grand Parade, Green Lanes, London, N4 1DX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The key estimates and assumptions that have a significant impact on the amounts recognised in the financial statements are set out below. Valuation of investment properties: The valuation of the company's investment properties is inherently subjective due to, among other factors, the individual nature of each property, its location and the expected future rental revenues from that particular property. As a result, the valuations the company places on its investment properties are subject to a degree of uncertainty and are made on the basis of assumptions which may not prove to be accurate, particularly in periods of volatility or low transaction flow in the property market.

Revenue recognition

The turnover represents rents receivable from letting of investment properties during the year in accordance with the leases.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Furniture and equipment	-	20% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Investment properties	Fixtures and fittings	Total
	£	£	£
Cost
At 1 September 2024 and 31 August 2025	13,072,513	21,682	13,094,195
	-------------	--------	-------------
Depreciation
At 1 September 2024 and 31 August 2025	–	21,682	21,682
	-------------	--------	-------------
Carrying amount
At 31 August 2025	13,072,513	–	13,072,513
	-------------	--------	-------------
At 31 August 2024	13,072,513	–	13,072,513
	-------------	--------	-------------

The directors have reviewed the value of the investment properties at the balance sheet date, with reference to the fair value and consider the value to be £13,072,513 (2024: £13,072,513). The historical cost of the properties is £10,381,904 (2024: £10,381,904).

6. Debtors

	2025	2024
	£	£
Trade debtors	52,504	26,486
Prepayments and accrued income	–	53,572
	--------	--------
	52,504	80,058
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	80,000	77,000
Trade creditors	40,013	52,271
Accruals and deferred income	34,436	26,463
Corporation tax	104,809	138,855
Director loan accounts	10,146	9,109
Other creditors	1,478,814	1,506,774
	------------	------------
	1,748,218	1,810,472
	------------	------------

Bank loans due within one year include an amount of £80,000 (2024: £77,000) for which security has been given. The bank loans are secured by a fixed charge over the company's investment properties.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	4,242,941	4,325,484
	------------	------------

Bank loans due after more than one year include an amount of £4,242,941 (2024: £4,325,484) for which security has been given. The bank loans are secured by a fixed charge over the company's investment properties.

9. Reserves

Profit and loss account - Included in this reserve are distributable profits made up of retained earnings of £4,666,524 (2024: £4,395,997) and non-distributable profits arising on investment property revaluations of £2,215,840 (2024: £2,215,840).