Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-3111152The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2021-01-01101Domino's Pizza franchise84falsetrue 10671929 2021-01-01 2021-12-31 10671929 2020-01-01 2020-12-31 10671929 2021-12-31 10671929 2020-12-31 10671929 c:Director2 2021-01-01 2021-12-31 10671929 d:Buildings d:LongLeaseholdAssets 2021-01-01 2021-12-31 10671929 d:Buildings d:LongLeaseholdAssets 2021-12-31 10671929 d:Buildings d:LongLeaseholdAssets 2020-12-31 10671929 d:PlantMachinery 2021-01-01 2021-12-31 10671929 d:PlantMachinery 2021-12-31 10671929 d:PlantMachinery 2020-12-31 10671929 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10671929 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 10671929 d:MotorVehicles 2021-01-01 2021-12-31 10671929 d:MotorVehicles 2021-12-31 10671929 d:MotorVehicles 2020-12-31 10671929 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10671929 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 10671929 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 10671929 d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 10671929 d:CurrentFinancialInstruments 2021-12-31 10671929 d:CurrentFinancialInstruments 2020-12-31 10671929 d:Non-currentFinancialInstruments 2021-12-31 10671929 d:Non-currentFinancialInstruments 2020-12-31 10671929 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 10671929 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 10671929 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 10671929 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 10671929 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 10671929 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-12-31 10671929 d:ShareCapital 2021-12-31 10671929 d:ShareCapital 2020-12-31 10671929 d:RevaluationReserve 2021-01-01 2021-12-31 10671929 d:RevaluationReserve 2021-12-31 10671929 d:RevaluationReserve 2020-12-31 10671929 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 10671929 d:RetainedEarningsAccumulatedLosses 2021-12-31 10671929 d:RetainedEarningsAccumulatedLosses 2020-12-31 10671929 c:FRS102 2021-01-01 2021-12-31 10671929 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 10671929 c:FullAccounts 2021-01-01 2021-12-31 10671929 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 10671929 d:WithinOneYear 2021-12-31 10671929 d:WithinOneYear 2020-12-31 10671929 d:BetweenOneFiveYears 2021-12-31 10671929 d:BetweenOneFiveYears 2020-12-31 10671929 d:MoreThanFiveYears 2021-12-31 10671929 d:MoreThanFiveYears 2020-12-31 10671929 d:HirePurchaseContracts d:WithinOneYear 2021-12-31 10671929 d:HirePurchaseContracts d:WithinOneYear 2020-12-31 10671929 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 10671929 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 10671929 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-12-31 10671929 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-12-31 10671929 d:LeasedAssetsHeldAsLessee 2021-12-31 10671929 d:LeasedAssetsHeldAsLessee 2020-12-31 iso4217:GBP xbrli:pure

Registered number: 10671929









AUROUS PIZZA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
AUROUS PIZZA LIMITED
REGISTERED NUMBER: 10671929

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
624,789
652,709

  
624,789
652,709

Current assets
  

Stocks
 5 
22,466
18,247

Debtors: amounts falling due within one year
 6 
582,939
259,692

Cash at bank and in hand
 7 
490,373
469,547

  
1,095,778
747,486

Creditors: amounts falling due within one year
 8 
(1,061,843)
(948,189)

Net current assets/(liabilities)
  
 
 
33,935
 
 
(200,703)

Total assets less current liabilities
  
658,724
452,006

Creditors: amounts falling due after more than one year
 9 
(48,434)
(50,000)

Provisions for liabilities
  

Deferred tax
 12 
(54,040)
(43,781)

  
 
 
(54,040)
 
 
(43,781)

Net assets
  
556,250
358,225

Page 1

 
AUROUS PIZZA LIMITED
REGISTERED NUMBER: 10671929
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 13 
159,916
159,916

Profit and loss account
 13 
396,234
198,209

  
556,250
358,225


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 comprehensive income 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 on 10 August 2022.




R Purushothaman
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Aurous Pizza Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 10671929. The address of the registered office is 598 Holloway Road, London, N19 3PH. The nature of the company's operations and principal activities are that of a Domino's Pizza franchise.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

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:

Sale of goods

Revenue 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.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Borrowing costs

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

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 balance sheet 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 balance sheet 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 balance sheet date.

Page 4

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. 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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
8%
Reducing balance
Plant and machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks, Costs include all direct costs.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.13

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 101 (2020 - 84)).

Page 6

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 January 2021
372,746
453,170
45,121
871,037


Additions
9,797
5,474
21,954
37,225


Disposals
-
-
(1,046)
(1,046)



At 31 December 2021

382,543
458,644
66,029
907,216



Depreciation


At 1 January 2021
36,032
163,928
18,369
218,329


Charge for the year on owned assets
11,152
43,570
7,368
62,090


Charge for the year on financed assets
-
-
2,605
2,605


Disposals
-
-
(597)
(597)



At 31 December 2021

47,184
207,498
27,745
282,427



Net book value



At 31 December 2021
335,359
251,146
38,284
624,789



At 31 December 2020
336,713
289,242
26,753
652,708

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2021
2020
£
£



Motor vehicles
-
10,420

-
10,420

Page 7

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Stocks

2021
2020
£
£

Raw materials and consumables
22,466
18,247

22,466
18,247



6.


Debtors

2021
2020
£
£


Trade debtors
230
563

Amounts owed by group undertakings
49,567
59,701

Other debtors
495,745
164,182

Prepayments and accrued income
37,397
35,246

582,939
259,692



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
490,373
469,547

490,373
469,547


Page 8

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
35,960
37,925

Amounts owed to group undertakings
524,249
525,037

Corporation tax
61,970
67,781

Other taxation and social security
116,736
54,329

Obligations under finance lease and hire purchase contracts
-
4,823

Other creditors
7,658
321

Accruals and deferred income
315,270
257,973

1,061,843
948,189





9.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Other loans
48,434
50,000

48,434
50,000


The following liabilities were secured:

2021
2020
£
£



Net obligations under finance leases and hire purchase contracts
-
4,823

-
4,823

Details of security provided:

The obligations under hire purchase contracts are secured by charges over the assets acquired under the contracts.

Page 9

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

10.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£


Amounts falling due 1-2 years

Other loans
48,434
50,000



48,434
50,000



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2021
2020
£
£


Within one year
-
4,823

-
4,823


12.


Deferred taxation




2021


£






At beginning of year
(43,781)


Charged to profit or loss
(10,259)



At end of year
(54,040)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(54,040)
(43,781)

(54,040)
(43,781)

Page 10

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

13.


Reserves

Revaluation reserve

The revaluation reserve represents cumulative effects of fair value adjustments net of deferred tax and other adjustments. 

Profit and loss account

The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.


14.


Contingent liabilities

The company has a fixed and floating charge over all assets of the company in favour of AIB Group (UK) PLC, and is joined in cross guarantee in respect of group banking facilities with its fellow subsidiary companies. 


15.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £20,265 (2020 - £20,776). Contributions totalling £173 (2020 - £50) were payable to the fund at the balance sheet date and are included in creditors.


16.


Commitments under operating leases

At 31 December 2021 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2021
2020
£
£


Not later than 1 year
87,000
87,000

Later than 1 year and not later than 5 years
230,808
259,808

Later than 5 years
351,984
409,984

669,792
756,792

Page 11

 
AUROUS PIZZA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

17.


Related party transactions

During the year transactions with the following related parties occurred:
During the year dividends were paid to entities with control, joint control or significant influence over the entity totalling £30,000 (2020: £25,000).
At the year-end the following amounts were due from/(to) the related parties:


2021
2020
£
£

Entities with control, joint control or significant influence over the entity
(148,146)
(148,146)


18.


Controlling party

The ultimate parent company is Pizza London Limited. Pizza London Limited is a company incorporated in England and Wales. The ultimate controlling party is A H Zarinabad due to his majority shareholding in the ultimate parent company. 

 
Page 12