REGISTERED NUMBER: 06476499 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Zest (Southern) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Randhawa

REGISTERED OFFICE:

c/o Ency Associates

Printware Court

Cumberland Business Centre

Portsmouth

Hampshire

PO5 1DS

REGISTERED NUMBER:

06476499 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Investments

4

100,505

100,505

Investment property

5

1,538,754

1,940,783

1,639,259

2,041,288

CURRENT ASSETS

Debtors

6

556,858

501,573

Cash at bank

6,719

13,159

563,577

514,732

CREDITORS

Amounts falling due within one year

7

908,001

869,745

NET CURRENT LIABILITIES

(344,424

)

(355,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,294,835

1,686,275

CREDITORS

Amounts falling due after more than one year

8

(1,232,911

)

(1,274,063

)

PROVISIONS FOR LIABILITIES

-

(42,797

)

NET ASSETS

61,924

369,415

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

61,922

369,413

SHAREHOLDERS' FUNDS

61,924

369,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27 October 2026 and were signed by:

Mrs S Randhawa - Director

1.	STATUTORY INFORMATION

Zest (Southern) Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts received in respect of rental income from the investment properties owned, plus consultancy work invoiced, net of VAT where applicable.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2025

and 31 January 2026

100,505

NET BOOK VALUE

At 31 January 2026

100,505

At 31 January 2025

100,505

Zest Southern Ltd hold the following shares in companies registered in England & Wales:

Company Name

Registered No.

Cost of shares held

Nominal value held

% held

SL Rental Limited

07286205

£nil

£50

50%

Old Vic Property Rentals Limited

09911025

£1

£2

100%

SG Southern Limited

09579441

£100,504

£8

100%

Total

£100,505

£60

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

1,940,783

Revaluations

(402,029

)

At 31 January 2026

1,538,754

NET BOOK VALUE

At 31 January 2026

1,538,754

At 31 January 2025

1,940,783

Fair value at 31 January 2026 is represented by:

£

Valuation in 2022

171,189

Valuation in 2026

(402,029

)

Cost

1,769,594

1,538,754

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

4,873

900

Other debtors

551,985

500,673

556,858

501,573

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

5,724

-

Taxation and social security

-

2,084

Other creditors

902,277

867,661

908,001

869,745

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

1,232,911

572,521

Other creditors

-

701,542

1,232,911

1,274,063

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

1,210,015

572,521

Other loans

-

701,542

1,210,015

1,274,063

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

1,238,635

572,521

Other loans

-

701,542

1,238,635

1,274,063

Hampshire Trust Bank PLC created a charge dated 18 July 2022 over the leasehold interest in the land and property known as Flat 149, 3 Limeharbour, London, E14 9LU.

Lendinvest Btl Limited created a charge dated 9 August 2023 over the property known as 60A Albert Road, Southsea, PO5 2SL.

Lloyds Bank PLC created a floating charge dated 14 March 2025.

Lloyds Bank PLC created a charge dated 3 July 2025 over the properties known as 142 Kingston Road, 144 Kingston Road, 5 Rose Mews, 6 Rose Mews, 7 Rose Mews, and 8 Rose Mews. All Portsmouth, PO2 7PD.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Randhawa.