1 January 2022 false No description of principal activity Taxfiler 2023.9.1 08655108business:PrivateLimitedCompanyLtd2022-01-012022-12-31 086551082021-12-31 086551082022-01-012022-12-31 08655108business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 08655108business:FilletedAccounts2022-01-012022-12-31 086551082022-12-31 08655108business:Director12022-01-012022-12-31 08655108business:Director22022-01-012022-12-31 08655108business:RegisteredOffice2022-01-012022-12-31 086551082021-12-31 08655108core:WithinOneYear2022-12-31 08655108core:WithinOneYear2021-12-31 08655108core:AfterOneYear2022-12-31 08655108core:AfterOneYear2021-12-31 08655108core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 08655108core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 08655108core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 08655108core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 08655108core:PreviouslyStatedAmount2022-12-31 08655108core:PreviouslyStatedAmount2021-12-31 08655108business:SmallEntities2022-01-012022-12-31 08655108countries:EnglandWales2022-01-012022-12-31 08655108core:PlantMachinery2022-01-012022-12-31 08655108core:FurnitureFittings2022-01-012022-12-31 08655108core:IntangibleAssetsOtherThanGoodwill2021-12-31 08655108core:IntangibleAssetsOtherThanGoodwill2022-12-31 08655108core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-31 08655108core:FurnitureFittings2021-12-31 08655108core:FurnitureFittings2022-12-31 08655108core:AfterOneYear2022-01-012022-12-31 086551082020-09-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08655108 (England and Wales)
R & D 2 Pizza Limited Unaudited accounts for the year ended 31 December 2022
R & D 2 Pizza Limited Unaudited accounts Contents
Page
- 2 -
R & D 2 Pizza Limited Company Information for the year ended 31 December 2022
Directors
Mr Vipul Sharma Mr Gurjeet Singh Dhillon
Company Number
08655108 (England and Wales)
Registered Office
Eagle House Stonebridge Road Eagle Way Northfleet Gravesend DA11 9BJ
- 3 -
R & D 2 Pizza Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
103,284 
162,168 
Tangible assets
642,413 
746,655 
Investments
650,300 
650,300 
1,395,997 
1,559,123 
Current assets
Inventories
86,225 
125,567 
Debtors
4,669,665 
4,328,163 
Cash at bank and in hand
87,173 
647,955 
4,843,063 
5,101,685 
Creditors: amounts falling due within one year
(3,299,317)
(3,440,216)
Net current assets
1,543,746 
1,661,469 
Total assets less current liabilities
2,939,743 
3,220,592 
Creditors: amounts falling due after more than one year
(1,262,500)
(1,641,339)
Net assets
1,677,243 
1,579,253 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
1,676,943 
1,578,953 
Shareholders' funds
1,677,243 
1,579,253 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2023 and were signed on its behalf by
Mr Gurjeet Singh Dhillon Director Company Registration No. 08655108
- 4 -
R & D 2 Pizza Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
R & D 2 Pizza Limited is a private company, limited by shares, registered in England and Wales, registration number 08655108. The registered office is Eagle House Stonebridge Road, Eagle Way, Northfleet, Gravesend, DA11 9BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Over 10 Years Straight line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2022
593,334 
At 31 December 2022
593,334 
Amortisation
At 1 January 2022
431,166 
Charge for the year
58,884 
At 31 December 2022
490,050 
Net book value
At 31 December 2022
103,284 
At 31 December 2021
162,168 
- 5 -
R & D 2 Pizza Limited Notes to the Accounts for the year ended 31 December 2022
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2022
2,042,281 
Additions
8,500 
At 31 December 2022
2,050,781 
Depreciation
At 1 January 2022
1,295,626 
Charge for the year
112,742 
At 31 December 2022
1,408,368 
Net book value
At 31 December 2022
642,413 
At 31 December 2021
746,655 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2022
650,300 
Valuation at 31 December 2022
650,300 
Investment in subsidiaries have been valued at cost less impairment. The company owns 20% or more shares in the following companies: Company Name/% holding/Total capital & reserve/Profit/(Loss) for the year: Topbake Ltd/100%/£1,948,745/£307,168 DS Coffee (Oakham) Ltd/100%/??/??????
7
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
117,372 
18,885 
Amounts due from group undertakings etc.
4,302,649 
3,893,141 
Other debtors
249,644 
416,137 
4,669,665 
4,328,163 
- 6 -
R & D 2 Pizza Limited Notes to the Accounts for the year ended 31 December 2022
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
150,000 
- 
Trade creditors
412,902 
211,534 
Amounts owed to group undertakings and other participating interests
1,451,512 
1,531,512 
Taxes and social security
134,220 
140,497 
Other creditors
853,397 
1,259,687 
Loans from directors
297,286 
296,986 
3,299,317 
3,440,216 
9
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
1,262,500 
1,641,339 
The company has fixed and floating secured loan from Santander Bank UK Plc for £ 1,412,500. The loan is repayable over the five year period . The interest rate on the loan is at 4.80%.
10
Average number of employees
During the year the average number of employees was 169 (2021: 300).
- 7 -