Company registration number 01816402 (England and Wales)
ZIANI'S LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
PAGES FOR FILING WITH REGISTRAR
ZIANI'S LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ZIANI'S LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2021
30 November 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
272,610
289,672
Current assets
Stocks
6,925
3,954
Debtors
4
1,332
24,152
Cash at bank and in hand
232,675
30,370
240,932
58,476
Creditors: amounts falling due within one year
5
(314,715)
(193,052)
Net current liabilities
(73,783)
(134,576)
Total assets less current liabilities
198,827
155,096
Provisions for liabilities
(5,111)
(6,281)
Net assets
193,716
148,815
Capital and reserves
Called up share capital
10,000
10,000
Share premium account
113,500
113,500
Profit and loss reserves
70,216
25,315
Total equity
193,716
148,815
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
ZIANI'S LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021
30 November 2021
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 August 2022 and are signed on its behalf by:
A de Ferranti
Director
Company Registration No. 01816402
ZIANI'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 3 -
1
Accounting policies
Company information
Ziani's Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fifth Floor Berkshire House, 168-173 High Holborn, London, WC1V 7AA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 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 £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for food and drink sales provided in the normal course of business, and is shown net of VAT where applicable.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% straight line
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Crockery and cutlery
15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
The initial expenditure on crockery and cutlery in the restaurant was capitalised and depreciated. It is the company's policy to write off all subsequent expenditure falling into this category against profits of the year in which the expenditure is incurred, where this expenditure is not significantly increasing the crockery and cutlery held.
1.4
Stocks
Stocks are valued at the lower of cost and realisable value, cost being determined on a first in, first out basis.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
ZIANI'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
1
Accounting policies
(Continued)
- 4 -
1.6
Government grants
Government grants receivable recognise contributions to expenses received from government Job Retention Scheme (JRS) set up to assist companies during the covid pandemic.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
16
13
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Crockery and cutlery
Total
£
£
£
£
Cost
At 1 December 2020 and 30 November 2021
430,929
524,523
23,466
978,918
Depreciation and impairment
At 1 December 2020
193,998
474,772
20,476
689,246
Depreciation charged in the year
9,151
7,463
448
17,062
At 30 November 2021
203,149
482,235
20,924
706,308
Carrying amount
At 30 November 2021
227,780
42,288
2,542
272,610
At 30 November 2020
236,931
49,751
2,990
289,672
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Corporation tax recoverable
22,913
Other debtors
1,332
1,239
1,332
24,152
ZIANI'S LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2021
- 5 -
5
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
84,759
29,531
Corporation tax
13,211
38,659
Other taxation and social security
62,757
71,896
Other creditors
153,988
52,966
314,715
193,052
6
Related party transactions
During the year £66,000 (2020 - £44,000) was paid to Ferranti, an entity controlled by the director, for accounting and consultancy services.