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REGISTERED NUMBER: 10194767 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

IN PAELLA LIMITED

IN PAELLA LIMITED (REGISTERED NUMBER: 10194767)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IN PAELLA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTORS: S T Gee
E Dacosta Vadillo
J Santiso
Ms A C Arias Talero
JAR Services Ltd
M Fernandez Pardo





REGISTERED OFFICE: Second Floor
Windsor House
40/41 Great Castle Street
London
W1W 8LU





REGISTERED NUMBER: 10194767 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

IN PAELLA LIMITED (REGISTERED NUMBER: 10194767)

BALANCE SHEET
30 SEPTEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,618,327 1,929,105
Investments 5 1 1
1,618,328 1,929,106

CURRENT ASSETS
Stocks 6 73,873 70,288
Debtors 7 329,771 472,132
Cash at bank and in hand 80,617 140,209
484,261 682,629
CREDITORS
Amounts falling due within one year 8 (771,872 ) (1,054,639 )
NET CURRENT LIABILITIES (287,611 ) (372,010 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,330,717

1,557,096

CREDITORS
Amounts falling due after more than one
year

9

(30,704

)

(40,833

)

PROVISIONS FOR LIABILITIES 10 (30,174 ) (42,800 )
NET ASSETS 1,269,839 1,473,463

CAPITAL AND RESERVES
Called up share capital 5,010,411 5,010,411
Retained earnings (3,740,572 ) (3,536,948 )
SHAREHOLDERS' FUNDS 1,269,839 1,473,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

IN PAELLA LIMITED (REGISTERED NUMBER: 10194767)

BALANCE SHEET - continued
30 SEPTEMBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





M Fernandez Pardo - Director


IN PAELLA LIMITED (REGISTERED NUMBER: 10194767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

In Paella Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2021 - 22 ) .

IN PAELLA LIMITED (REGISTERED NUMBER: 10194767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery equipment equipment Totals
£    £    £    £    £   
COST
At 1 October 2021 1,711,781 744,370 281,981 32,349 2,770,481
Additions - 564 2,885 6,029 9,478
At 30 September 2022 1,711,781 744,934 284,866 38,378 2,779,959
DEPRECIATION
At 1 October 2021 254,345 428,434 144,445 14,152 841,376
Charge for year 199,970 79,125 35,105 6,056 320,256
At 30 September 2022 454,315 507,559 179,550 20,208 1,161,632
NET BOOK VALUE
At 30 September 2022 1,257,466 237,375 105,316 18,170 1,618,327
At 30 September 2021 1,457,436 315,936 137,536 18,197 1,929,105

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2021
and 30 September 2022 1
NET BOOK VALUE
At 30 September 2022 1
At 30 September 2021 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

In Paella (London) Ltd
Registered office: United Kingdom
Nature of business: Property management
%
Class of shares: holding
Ordinary 100.00
2022 2021
£    £   
Aggregate capital and reserves 1 1

6. STOCKS
2022 2021
£    £   
Food & drink 73,873 70,288

IN PAELLA LIMITED (REGISTERED NUMBER: 10194767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 51,764 44,477
Other debtors - 2,348
Amounts due from group undertakings 177,524 198,819
VAT - 91,415
Prepayments and accrued income 100,483 135,073
329,771 472,132

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 9,167
Other loans - 46,960
Trade creditors 283,327 267,242
Social security and other taxes 26,274 25,910
Other creditors 76,929 82,874
Accruals and deferred income 375,342 622,486
771,872 1,054,639

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans due between
1 & 2 years 10,000 10,000
Bank loans due between
2 & 5 years 20,704 30,000
Bank loans due after 5 years
by instalments - 833
30,704 40,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years
by instalments - 833
- 833

10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 30,174 42,800

IN PAELLA LIMITED (REGISTERED NUMBER: 10194767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2021 42,800
Credit to Income Statement during year (12,626 )
Balance at 30 September 2022 30,174