ACCOUNTS - Final Accounts

Registered number: 04519357

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JANUARY 2026

	ZENASTAR PROPERTIES LIMITED


ZENASTAR PROPERTIES LIMITED

CONTENTS

	Page
Company information	1
Accountant's report	2
Statement of financial position	3 - 4
Notes to the financial statements	5 - 8


ZENASTAR PROPERTIES LIMITED

COMPANY INFORMATION

Directors	G F W Irvin
	J D Irvin


Company secretary	J D Irvin


Registered number	04519357


Registered office	River Lodge Office
	8 River Avenue
	Thames Ditton
	Surrey
	KT7 0RS


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Midas House
	62 Goldsworth Road
	Woking
	Surrey
	GU21 6LQ

Page 1


ZENASTAR PROPERTIES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ZENASTAR PROPERTIES LIMITED
FOR THE YEAR ENDED 31 JANUARY 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Zenastar Properties Limited for the year ended 31 January 2026 which comprise the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given to us.

As a 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 at: https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Zenastar Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Zenastar Properties Limited and state those matters that we have agreed to state to the Board of directors of Zenastar Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Zenastar Properties Limited and its Board of directors, as a body, for our work or for this report.

It is your duty to ensure that Zenastar Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Zenastar Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Zenastar Properties 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.

$AccRepSigner

Menzies LLP

Chartered Accountants

2nd Floor, Midas House

62 Goldsworth Road

Woking

Surrey

GU21 6LQ

30 October 2026

$AccRepSignerDate

Page 2


ZENASTAR PROPERTIES LIMITED REGISTERED NUMBER:04519357

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Investment property	4		5,518,518		5,972,722
			5,518,518		5,972,722
Current assets
Debtors: amounts falling due within one year	5	620,608		11,575
Cash at bank and in hand		298,137		181,015
		918,745		192,590
Creditors: amounts falling due within one year	6	(479,932)		(599,312)
Net current assets/(liabilities)			438,813		(406,722)
Total assets less current liabilities			5,957,331		5,566,000
Creditors: amounts falling due after more than one year	7		(1,126,039)		(1,550,452)
Provisions for liabilities
Deferred tax		(423,861)		-
			(423,861)		-
Net assets			4,407,431		4,015,548

Capital and reserves
Called up share capital	100	100
Profit and loss account	4,407,331	4,015,448
	4,407,431	4,015,548

Page 3


ZENASTAR PROPERTIES LIMITED REGISTERED NUMBER:04519357

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

G F W Irvin

Director

Date: 30 October 2026

The notes on pages 5 to 8 form part of these financial statements.

Page 4


ZENASTAR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

Zenastar Properties Limited is a private company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of its registered office and principal place of business is disclosed on the company information page.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are 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 unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Fixed assets

Investment freehold property is included at market fair value. Gains are recognised in the statement of income and retained earnings. All fixed assets are recorded at cost.

2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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ZENASTAR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 2 (2025 - 2).

Page 6


ZENASTAR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4.	Fixed asset investments

		Investment properties
		£
	Cost or valuation
	At 1 February 2025	5,972,722
	Additions	20,796
	Disposals	(475,000)
	At 31 January 2026	5,518,518

Debtors

					2026	2025
					£	£


Other debtors	615,366	2,611
Prepayments and accrued income	5,242	8,964
	620,608	11,575

6.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Bank loans	61,557	100,793
Trade creditors	4,650	1,386
Corporation tax	-	78,908
Other creditors	409,000	410,950
Accruals and deferred income	4,725	7,275
	479,932	599,312

Included within bank loans are various loans which are secured either by a fixed charge over specific investment freehold property or by a fixed and floating charge over the assets of the company.

Page 7


ZENASTAR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

7.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Bank loans	1,126,039	1,550,452
	1,126,039	1,550,452

Included within bank loans above are loans falling due after more than five years totalling £839,379 (2025 - £1,130,892). Included within bank loans are various loans which are secured either by a fixed charge over specific investment freehold property or by a fixed and floating charge over the assets of the company.

Related party transactions

At the balance sheet date, included within other debtors is an amount owed to the company totalling £2,023 (2025 - £2,611) from Irvin Leisure Entertainments Limited, a company in which the father of the directors holds shares. This balance represents a loan which is unsecured, interest-free, and repayable on demand.

At the balance sheet date, included within other creditors is an amount the company owed totalling £409,000 (2025 - £409,000) to The Irvin Organisation Limited, a company in which the directors hold shares. This balance represents a loan which is unsecured, interest-free, and repayable on demand.

9.	Transactions with director

At the balance sheet date, included within other debtors is an amount owed to the company totalling £600,000 (2025 - £Nil) from the director. There was no interest charged on this loan during the year and this loan was repaid following the company year end.

Page 8