Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312021-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09322854 2021-01-01 2021-12-31 09322854 2020-01-01 2020-12-31 09322854 2021-12-31 09322854 2020-12-31 09322854 c:Director2 2021-01-01 2021-12-31 09322854 d:CurrentFinancialInstruments 2021-12-31 09322854 d:CurrentFinancialInstruments 2020-12-31 09322854 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09322854 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 09322854 d:ShareCapital 2021-12-31 09322854 d:ShareCapital 2020-12-31 09322854 d:SharePremium 2021-12-31 09322854 d:SharePremium 2020-12-31 09322854 d:RetainedEarningsAccumulatedLosses 2021-12-31 09322854 d:RetainedEarningsAccumulatedLosses 2020-12-31 09322854 c:FRS102 2021-01-01 2021-12-31 09322854 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 09322854 c:FullAccounts 2021-01-01 2021-12-31 09322854 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 09322854 6 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 09322854









PIZZA LONDON LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
PIZZA LONDON LIMITED
REGISTERED NUMBER: 09322854

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Fixed assets
  

Investments
 5 
6,046,540
6,046,540

  
6,046,540
6,046,540

Current assets
  

Debtors: amounts falling due within one year
 6 
183,744
184,478

Cash at bank and in hand
 7 
10,678
5,724

  
194,422
190,202

Creditors: amounts falling due within one year
 8 
(489,166)
(489,946)

Net current liabilities
  
 
 
(294,744)
 
 
(299,744)

Total assets less current liabilities
  
5,751,796
5,746,796

  

Net assets
  
5,751,796
5,746,796


Capital and reserves
  

Called up share capital 
  
502
502

Share premium account
  
3,899,500
3,899,500

Profit and loss account
  
1,851,794
1,846,794

  
5,751,796
5,746,796


Page 1

 
PIZZA LONDON LIMITED
REGISTERED NUMBER: 09322854
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

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 6 form part of these financial statements.

Page 2

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

1.


General information

Pizza London Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 09322854. The address of the registered office is 598 Holloway Road, London, N19 3PH. The nature of the company's operations and principal activity is that of a holding company. 

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

Taxation

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.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

Financial instruments

Page 3

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

2.Accounting policies (continued)


2.7
Financial instruments (continued)

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.

 
2.8

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 2 (2020 - 2).


4.


Dividends

2021
2020
£
£


Interim Dividends
180,000
75,000

180,000
75,000

Page 4

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

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
15,357,000



At 31 December 2021

15,357,000



Impairment


At 1 January 2021
9,310,460



At 31 December 2021

9,310,460



Net book value



At 31 December 2021
6,046,540



At 31 December 2020
6,046,540

Page 5

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

6.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
180,591
181,325

Other debtors
3,153
3,153

183,744
184,478



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
10,678
5,724

10,678
5,724



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Amounts owed to group undertakings
489,166
489,166

Accruals and deferred income
-
780

489,166
489,946



9.


Related party transactions

At the year-end the following amounts were due from/(to) the related parties:


2021
2020
£
£

Entities over which this entity has control, joint control or significant influence
180,591
181,326
Entities over which this entity has control, joint control or significant influence
(489,166)
(489,166)


10.


Controlling party

The ultimate controlling party is A Zarinabad due to his majority shareholding.

Page 6

 
PIZZA LONDON LIMITED
 
 
 Page 7