2021-03-012022-02-282022-02-28false08403357ELITE PIZZA & RESTAURANT LIMITED2022-08-1056101iso4217:GBPxbrli:pure084033572021-03-01084033572022-02-28084033572021-03-012022-02-28084033572020-03-01084033572021-02-28084033572020-03-012021-02-2808403357bus:SmallEntities2021-03-012022-02-2808403357bus:AuditExempt-NoAccountantsReport2021-03-012022-02-2808403357bus:AbridgedAccounts2021-03-012022-02-2808403357bus:PrivateLimitedCompanyLtd2021-03-012022-02-2808403357core:WithinOneYear2022-02-2808403357core:AfterOneYear2022-02-2808403357core:WithinOneYear2021-02-2808403357core:AfterOneYear2021-02-2808403357core:ShareCapital2022-02-2808403357core:SharePremium2022-02-2808403357core:RevaluationReserve2022-02-2808403357core:OtherReservesSubtotal2022-02-2808403357core:RetainedEarningsAccumulatedLosses2022-02-2808403357core:ShareCapital2021-02-2808403357core:SharePremium2021-02-2808403357core:RevaluationReserve2021-02-2808403357core:OtherReservesSubtotal2021-02-2808403357core:RetainedEarningsAccumulatedLosses2021-02-2808403357core:LandBuildings2022-02-2808403357core:PlantMachinery2022-02-2808403357core:Vehicles2022-02-2808403357core:FurnitureFittings2022-02-2808403357core:OfficeEquipment2022-02-2808403357core:NetGoodwill2022-02-2808403357core:IntangibleAssetsOtherThanGoodwill2022-02-2808403357core:ListedExchangeTraded2022-02-2808403357core:UnlistedNon-exchangeTraded2022-02-2808403357core:LandBuildings2021-02-2808403357core:PlantMachinery2021-02-2808403357core:Vehicles2021-02-2808403357core:FurnitureFittings2021-02-2808403357core:OfficeEquipment2021-02-2808403357core:NetGoodwill2021-02-2808403357core:IntangibleAssetsOtherThanGoodwill2021-02-2808403357core:ListedExchangeTraded2021-02-2808403357core:UnlistedNon-exchangeTraded2021-02-2808403357core:LandBuildings2021-03-012022-02-2808403357core:PlantMachinery2021-03-012022-02-2808403357core:Vehicles2021-03-012022-02-2808403357core:FurnitureFittings2021-03-012022-02-2808403357core:OfficeEquipment2021-03-012022-02-2808403357core:NetGoodwill2021-03-012022-02-2808403357core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2808403357core:ListedExchangeTraded2021-03-012022-02-2808403357core:UnlistedNon-exchangeTraded2021-03-012022-02-2808403357core:MoreThanFiveYears2021-03-012022-02-2808403357core:Non-currentFinancialInstruments2022-02-2808403357core:Non-currentFinancialInstruments2021-02-2808403357dpl:CostSales2021-03-012022-02-2808403357dpl:DistributionCosts2021-03-012022-02-2808403357dpl:AdministrativeExpenses2021-03-012022-02-2808403357core:LandBuildings2021-03-012022-02-2808403357core:PlantMachinery2021-03-012022-02-2808403357core:Vehicles2021-03-012022-02-2808403357core:FurnitureFittings2021-03-012022-02-2808403357core:OfficeEquipment2021-03-012022-02-2808403357core:NetGoodwill2021-03-012022-02-2808403357core:IntangibleAssetsOtherThanGoodwill2021-03-012022-02-2808403357dpl:GroupUndertakings2021-03-012022-02-2808403357dpl:ParticipatingInterests2021-03-012022-02-2808403357dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-012022-02-2808403357core:ListedExchangeTraded2021-03-012022-02-2808403357dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-012022-02-2808403357core:UnlistedNon-exchangeTraded2021-03-012022-02-2808403357dpl:CostSales2020-03-012021-02-2808403357dpl:DistributionCosts2020-03-012021-02-2808403357dpl:AdministrativeExpenses2020-03-012021-02-2808403357core:LandBuildings2020-03-012021-02-2808403357core:PlantMachinery2020-03-012021-02-2808403357core:Vehicles2020-03-012021-02-2808403357core:FurnitureFittings2020-03-012021-02-2808403357core:OfficeEquipment2020-03-012021-02-2808403357core:NetGoodwill2020-03-012021-02-2808403357core:IntangibleAssetsOtherThanGoodwill2020-03-012021-02-2808403357dpl:GroupUndertakings2020-03-012021-02-2808403357dpl:ParticipatingInterests2020-03-012021-02-2808403357dpl:GroupUndertakingscore:ListedExchangeTraded2020-03-012021-02-2808403357core:ListedExchangeTraded2020-03-012021-02-2808403357dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-03-012021-02-2808403357core:UnlistedNon-exchangeTraded2020-03-012021-02-2808403357core:NetGoodwill2022-02-2808403357core:IntangibleAssetsOtherThanGoodwill2022-02-2808403357core:LandBuildings2022-02-2808403357core:PlantMachinery2022-02-2808403357core:Vehicles2022-02-2808403357core:FurnitureFittings2022-02-2808403357core:OfficeEquipment2022-02-2808403357core:AfterOneYear2022-02-2808403357core:WithinOneYear2022-02-2808403357core:ListedExchangeTraded2022-02-2808403357core:UnlistedNon-exchangeTraded2022-02-2808403357core:ShareCapital2022-02-2808403357core:SharePremium2022-02-2808403357core:RevaluationReserve2022-02-2808403357core:OtherReservesSubtotal2022-02-2808403357core:RetainedEarningsAccumulatedLosses2022-02-2808403357core:NetGoodwill2021-02-2808403357core:IntangibleAssetsOtherThanGoodwill2021-02-2808403357core:LandBuildings2021-02-2808403357core:PlantMachinery2021-02-2808403357core:Vehicles2021-02-2808403357core:FurnitureFittings2021-02-2808403357core:OfficeEquipment2021-02-2808403357core:AfterOneYear2021-02-2808403357core:WithinOneYear2021-02-2808403357core:ListedExchangeTraded2021-02-2808403357core:UnlistedNon-exchangeTraded2021-02-2808403357core:ShareCapital2021-02-2808403357core:SharePremium2021-02-2808403357core:RevaluationReserve2021-02-2808403357core:OtherReservesSubtotal2021-02-2808403357core:RetainedEarningsAccumulatedLosses2021-02-2808403357core:NetGoodwill2020-03-0108403357core:IntangibleAssetsOtherThanGoodwill2020-03-0108403357core:LandBuildings2020-03-0108403357core:PlantMachinery2020-03-0108403357core:Vehicles2020-03-0108403357core:FurnitureFittings2020-03-0108403357core:OfficeEquipment2020-03-0108403357core:AfterOneYear2020-03-0108403357core:WithinOneYear2020-03-0108403357core:ListedExchangeTraded2020-03-0108403357core:UnlistedNon-exchangeTraded2020-03-0108403357core:ShareCapital2020-03-0108403357core:SharePremium2020-03-0108403357core:RevaluationReserve2020-03-0108403357core:OtherReservesSubtotal2020-03-0108403357core:RetainedEarningsAccumulatedLosses2020-03-0108403357core:AfterOneYear2021-03-012022-02-2808403357core:WithinOneYear2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:CostValuation2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-03-012022-02-2808403357core:Non-currentFinancialInstrumentscore:CostValuation2022-02-2808403357core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-02-2808403357core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-02-2808403357core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-02-2808403357core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-02-2808403357core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-02-2808403357core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-02-2808403357core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-02-2808403357core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-02-2808403357core:Non-currentFinancialInstrumentscore:CostValuation2021-02-2808403357core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-02-2808403357core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-02-2808403357core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-02-2808403357core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-02-2808403357core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-02-2808403357core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-02-2808403357core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-02-2808403357core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-02-2808403357bus:Director12021-03-012022-02-2808403357bus:Director22021-03-012022-02-28

ELITE PIZZA & RESTAURANT LIMITED

Registered Number
08403357
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2022

ELITE PIZZA & RESTAURANT LIMITED
Company Information
for the year from 1 March 2021 to 28 February 2022

Directors

SASSANELLI, Alexandra
SASSANELLI, Vincenzo

Registered Address

50 Long Lane
London
EC1A 9EJ

Registered Number

08403357 (England and Wales)
ELITE PIZZA & RESTAURANT LIMITED
Balance Sheet as at
28 February 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets594,678106,563
Investments48,00839,730
142,686146,293
Current assets
Stocks7,5607,560
Debtors369,021377,737
Cash at bank and on hand318,333109,898
694,914495,195
Creditors amounts falling due within one year(169,207)(122,865)
Net current assets (liabilities)525,707372,330
Total assets less current liabilities668,393518,623
Creditors amounts falling due after one year(56,933)(70,849)
Net assets611,460447,774
Capital and reserves
Called up share capital100100
Profit and loss account611,360447,674
Shareholders' funds611,460447,774
The financial statements were approved and authorised for issue by the Board of Directors on 10 August 2022, and are signed on its behalf by:
SASSANELLI, Alexandra
Director
Registered Company No. 08403357
ELITE PIZZA & RESTAURANT LIMITED
Notes to the Financial Statements
for the year ended 28 February 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Land & buildings Over the term of the lease Plant & machinery 25% reducing balance Fixtures & fittings 25% reducing balance Office Equipment 20% reducing balance
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20222021
Average number of employees during the year1916
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 21258,219
Additions4,515
At 28 February 22262,734
Depreciation and impairment
At 01 March 21151,656
Charge for year16,401
Other adjustments(1)
At 28 February 22168,056
Net book value
At 28 February 2294,678
At 28 February 21106,563
6.Dividends proposed and payable

2022

2021

££
Dividends Paid75,00060,000
Total75,00060,000