Zinc RE UK Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14440458 (England and Wales)

Unaudited Financial Statements

for the Period

1 November 2024 to 31 December 2025

for

Zinc Re Uk Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

M G Potts

N Kottef

G A Roberts

REGISTERED OFFICE:

4-5 Castle Court

London

EC3V 9DL

REGISTERED NUMBER:

14440458 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zinc Re Uk Limited for the period ended 31 December 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Zinc Re Uk Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Zinc Re Uk Limited and state those matters that we have agreed to state to the Board of Directors of Zinc Re Uk Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zinc Re Uk Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Zinc Re Uk Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Zinc Re Uk Limited. You consider that Zinc Re Uk Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Zinc Re Uk Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wright Vigar Limited

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

17 September 2026

FIXED ASSETS

Tangible assets

4

37,029

37,008

CURRENT ASSETS

Debtors

5

399,228

56,742

Cash at bank

757,936

151,094

1,157,164

207,836

CREDITORS

Amounts falling due within one year

6

1,084,834

389,010

NET CURRENT ASSETS/(LIABILITIES)

72,330

(181,174

)

TOTAL ASSETS LESS CURRENT LIABILITIES

109,359

(144,166

)

PROVISIONS FOR LIABILITIES

9,257

-

NET ASSETS/(LIABILITIES)

100,102

(144,166

)

CAPITAL AND RESERVES

Called up share capital

7

200

Retained earnings

99,902

(144,366

)

SHAREHOLDERS' FUNDS

100,102

(144,166

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 17 September 2026 and were signed on its behalf by:

G A Roberts - Director

1.	STATUTORY INFORMATION

Zinc Re Uk 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.

During the previous financial period the company had net liabilities (2024 - £181,174); however, at the balance sheet date the company has returned to a positive net asset position. The directors have reviewed the company’s forecasts and cash flow projections and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on cost

Financial instruments

Financial instruments Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Taxation

Taxation for the period 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.

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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 November 2024

33,276

9,148

42,424

Additions

599

6,814

7,413

At 31 December 2025

33,875

15,962

49,837

DEPRECIATION

At 1 November 2024

3,909

1,507

5,416

Charge for period

5,054

2,338

7,392

At 31 December 2025

8,963

3,845

12,808

NET BOOK VALUE

At 31 December 2025

24,912

12,117

37,029

At 31 October 2024

29,367

7,641

37,008

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

55,297

898

Other debtors

343,931

55,844

399,228

56,742

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

381

-

Trade creditors

4,231

55,542

Taxation and social security

59,295

31,942

Other creditors

1,020,927

301,526

1,084,834

389,010

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

40

Ordinary

1

40

135

Ordinary

1

135

25

Ordinary

1

25

200

8.	OTHER FINANCIAL COMMITMENTS

During the period, the Company vacated its previous premises and no further lease commitments exist in respect of that property at the balance sheet date.

The Company entered into a lease for a new property during the year. At the balance sheet date, the total future minimum lease payments under this non-cancellable operating lease amounted to £162,272, and the lease is due to expire in August 2028.

9.	RELATED PARTY DISCLOSURES

For the period the company was charged for goods and services of £304,566 (2024: £86,744) by Zinc Holdings B.V . Included within trade creditors at the year end is £Nil (2024: £51,261) to Zinc Holdings B.V.

For the period, the company incurred management and administrative charges from three shareholder companies. Fees charged during the year were:

- Zinc Holdings B.V : £787,500

- Bichs Holding B.V : £170,000

- Kogi Capital Limited: £55,320

Total related party expenses noted above amounted to £1,012,820 (2024: £Nil).

At the year end, amounts due to related parties and included within creditors amounted to £952,820 (2024: £Nil).