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Registered number: 08597195
Zayray Developments Ltd
Financial Statements
For The Year Ended 31 December 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08597195
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 32,837,506 31,599,998
32,837,506 31,599,998
CURRENT ASSETS
Debtors 5 152,026 84,550
Cash at bank and in hand 221,678 36,410
373,704 120,960
Creditors: Amounts Falling Due Within One Year 6 (6,012,537 ) (5,927,608 )
NET CURRENT ASSETS (LIABILITIES) (5,638,833 ) (5,806,648 )
TOTAL ASSETS LESS CURRENT LIABILITIES 27,198,673 25,793,350
Creditors: Amounts Falling Due After More Than One Year 7 (10,601,930 ) (9,785,253 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,547,381 ) (1,547,381 )
NET ASSETS 15,049,362 14,460,716
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 15,049,361 14,460,715
SHAREHOLDERS' FUNDS 15,049,362 14,460,716
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For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr F Tailor
Director
17th September 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Zayray Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08597195 . The registered office is 12 Warwick Street, Coventry, CV5 6ET.
The presentation currency of the financial statements is the Pound Sterling (£).
Figures in the accounts have been rounded to the nearest £.
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.
The financial statements have been prepared on a going concern basis due to the continued financial support of
other related parties.
2.2. Turnover
Rental income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Investment Properties
Investment property is shown at most recent valuation.
The portfolio of investment property was valued at current market value by the director. Recent purchase prices, renovation costs and market movements have all been considered in reaching the valuation.
Changes in fair value are recognised in the profit and loss account.
2.4. 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 years 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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Investment Property
2025
£
Fair Value
As at 1 January 2025 31,599,998
Additions 1,237,508
As at 31 December 2025 32,837,506
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 26,647,981 25,410,470
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 92,108 42,107
Prepayments and accrued income 59,918 42,443
152,026 84,550
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 29,451 30,754
Bank loans and overdrafts 268,794 1,060,209
Other creditors 5,439,923 4,632,915
Taxation and social security 274,369 203,730
6,012,537 5,927,608
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 10,601,930 9,785,253
Of the creditors falling due after more than one year the following amounts are due after more than five years, £204,215 of which is repayable by instalments:
2025 2024
£ £
Bank loans 10,014,574 9,785,253
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8. Secured Creditors
National Westminster Bank PLC, Together Commercial Finance Limited, Kensington Mortgage Company Limited and Hampshire Trust Bank hold first charges over various investment properties owned by the company.
2025 2024
£ £
Bank loans and overdrafts 10,870,723 10,845,462
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
10. Other Commitments
The company has provided a guarantee of £1.3m to Natwest bank regarding a loan taken out by another company under the control of the director, Mr F Tailor. This guarantee is supported by first legal charges on various freehold property owned by the company.
11. Reserves
Included in Profit & Loss Account reserves are un-distributable reserves amounting to £4,642,145 (2024 £4,642,145).
12. Related Party Transactions
Included within Other creditors are loans of £5,305,409 (2024 £4,514,999) from other companies under the control of the director, Mr F Tailor. In addition, this other company has provided a cross-guarantee to National Westminster Bank PLC to the value of £2,250,000 on the bank loans owed by Zayray Developments Limited.
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