Registration number: SC579073

Zeplin Ltd

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Zeplin Ltd

(Registration number: SC579073)
Statement of Financial Position as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	43,451	51,144
Current assets
Debtors		38,076	-
Cash at bank and in hand		4,409	5,656
		42,485	5,656
Creditors: Amounts falling due within one year	5	(81,929)	(86,268)
Net current liabilities		(39,444)	(80,612)
Net assets/(liabilities)		4,007	(29,468)
Capital and reserves
Called up share capital	6	100	100
Retained earnings		3,907	(29,568)
Shareholders' funds/(deficit)		4,007	(29,468)

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 30 July 2026 and signed on its behalf by:
 

......................................... Mr D H K Scanlan Director

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, 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.
 

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2024 - 2).

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £
Cost or valuation
At 1 November 2024	40,713	17,161
Disposals	-	(11,693)
At 31 October 2025	40,713	5,468
Depreciation
At 1 November 2024	-	6,730
Charge for the year	-	304
Eliminated on disposal	-	(4,304)
At 31 October 2025	-	2,730
Carrying amount
At 31 October 2025	40,713	2,738
At 31 October 2024	40,713	10,431

Included within the net book value of land and buildings above is £40,713 (2024 - £40,713) in respect of freehold land and buildings.
 

Zeplin Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	274	-
Accruals and deferred income	1,234	1,847
Other creditors	80,421	84,421
	81,929	86,268

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A of £1 each	25	25	49	49
Ordinary B of £1 each	25	25	49	49
Ordinary C of £1 each	25	25	1	1
Ordinary D of £1 each	25	25	1	1
	100	100	100	100