Statutory Information
Zeero Homes Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 14869563, registration address 20-22 Wenlock Road Wenlock Road, London, N1 7GU, England.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and sales taxes.
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
• the Company has transferred the significant risks and rewards of ownership to the buyer;
• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the transaction; and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract.
• the stage of completion of the contract at the end of the reporting period can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.
Where a contract has only been partially completed at the Balance Sheet date, turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date.
Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at historical cost or valuation less depreciation and any provision for impairment. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery | 20 year Straight Line | | Fixtures and Fittings | 25% Reducing Balance |
|
| 2. |
Tangible assets
| Cost or Valuation |
|
Plant and Machinery |
|
Fixtures and Fittings |
|
Total |
| |
|
£ |
|
£ |
|
£ |
| At 01 November 2024 |
|
250,000 |
|
114 |
|
250,114 |
| Additions |
|
9,866 |
|
- |
|
9,866 |
| At 31 October 2025 |
|
259,866 |
|
114 |
|
259,980 |
| Depreciation |
| At 01 November 2024 |
|
62,500 |
|
29 |
|
62,529 |
| Charge for year |
|
12,582 |
|
21 |
|
12,603 |
| At 31 October 2025 |
|
75,082 |
|
50 |
|
75,132 |
| Net book values |
| Closing balance as at 31 October 2025 |
|
184,784 |
|
64 |
|
184,848 |
| Opening balance as at 01 November 2024 |
|
187,500 |
|
85 |
|
187,585 |
|
| 3. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade debtors |
318,165 |
|
210,150 |
| Other debtors |
- |
|
8,360 |
| Prepayments |
1,551 |
|
- |
| VAT control account |
11,161 |
|
- |
|
330,877 |
|
218,510 |
|
| 4. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade creditors |
219,853 |
|
252,286 |
| Accrued expenses |
479 |
|
- |
| Other creditors |
4,759 |
|
- |
| Pension Payable |
2,458 |
|
1,578 |
| Inter Co - Anderson Sinclair Contracts |
3,687 |
|
- |
| Inter-company - Ringstroll |
1,133 |
|
- |
| Wages & salaries control account |
1,722 |
|
- |
| Directors' current accounts |
71,840 |
|
114,688 |
| Social security & other tax |
30,455 |
|
28,710 |
|
336,386 |
|
397,262 |
|
| 5. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Iwoca loan |
44,042 |
|
- |
| Futures Loan |
249,829 |
|
- |
|
293,871 |
|
- |
|
| 6. |
Profit and loss account
| |
2025
£ |
| Balance at 01 November 2024 |
15,748 |
| Loss for the year |
(102,653) |
| Balance at 31 October 2025 |
(86,905) |
|
| 7. |
Average number of employees
Average number of employees during the year were 2 (2024: 2).
|
2
|